Philippines Morning News For July 12

Philippines Morning News For July 12

Philippines morning news

PH has 2nd lowest obesity rate in Asean
The Asia Roundtable on Food Innovation for Improved Nutrition (ARoFIIN) on Tuesday reported that the Philippines has the second lowest obesity and overweight prevalence compared to its regional neighbors in the Association of Southeast Asian Nations (Asean).
— The Manila Times

Philippines military: Death toll in Marawi tops 500
The death toll in a protracted battle between fighters from to a group linked to the Islamic State of Iraq and the Levant (ISIL, also known as ISIS) group and government troops in the southern Philippine city of Marawi has topped 500, the military said.
— AlJazeera

China ‘ready’ for war if PH pushes arbitration win: retired general
China is ready to wage war if the Philippines insists on its arbitral win that rejected the basis of Beijing’s sweeping claims over the South China Sea, a former military intelligence chief warned Tuesday.
— ABS-CBN

PH trade grows 13% in 5 months; deficit widens to $2.8 billion
The National Economic and Development Authority (NEDA) said that the country should continue to promote export competitiveness, diversify its products and markets, and maximize trade agreements to sustain trade growth for the rest of the year.
— Manila Bulletin

Peso recovers, closes at 50.53 to a dollar
Recovering from the previous day’s low close, the peso strengthened considerably against the dollar, closing at 50.53 yesterday.
— Philippine Daily Inquirer

BIR to release redesigned cigarette tax stamps in Oct
The government is set to release a redesigned internal revenue stamps for tobacco products this October in an effort to curb the use of counterfeit stamps in the market, the Bureau of Internal Revenue (BIR) said yesterday.
— The Philippine Star

LTFRB fines Uber, Grab P5M each
The Land Transportation, Franchising and Regulatory Board (LTFRB) will not cancel the accreditation of transport network companies (TNC) Uber and Grab but will fine them P5 million each for their violations including colorum operations.
— The Manila Times

Government withholds P200-M payment to MRT maintainer
The government is withholding payment of P200 million to Busan Universal Rail Inc. (BURI), the Mass rail Transit-3 (MRT-3) maintenance contractor widely blamed for the line’s frequent breakdown.
— The Philippine Star

Slash rice tariffs to cut poverty in Asean–OECD
The Philippines and other Asean countries would be able to cut poverty faster if they would cut tariffs on rice and eliminate trade barriers, according to the latest study released by the Organisation for Economic Co-operation and Development (OECD).
— Business Mirror

Senators likely to OK martial-law extension, but not the 5-year option
Senators have expressed concern over the five-year martial-law option floated by Speaker Pantaleon D. Alvarez, even as Senate leaders left the door open for a possible extension of the 60-day martial rule imposed by President Duterte to crush Maute terrorists in Marawi City when it expires on July 22.
— Business Mirror

Duterte sees Marawi crisis ending in 10-15 days
After giving up on setting deadlines to clear Marawi City of the extremist gunmen who have been battling government forces since May 23, President Rodrigo Duterte on Tuesday again predicted an end to the crisis in, at most, half a month.
— InterAksyon

Bongbong fully pays P66-M poll case bond
Former senator Ferdinand “Bongbong” Marcos Jr. has fully paid the P66.02-million cash bond required by the Supreme Court (SC), sitting as the Presidential Electoral Tribunal (PET), for his protest against Vice President Leni Robredo regarding the result of last year’s polls.
— The Philippine Star

Smart targets 70% LTE coverage by year end
The Philippines’ Smart Communications aims to make LTE services available in 70% of the population by the end of the year.
— Telecomasia.net

Remittance, outsourcing inflows to help offset growing trade gap
THE STEADY stream of remittance inflows and business process outsourcing (BPO) receipts cushion the country’s external payments position from a ballooning trade deficit, the central bank chief said yesterday.
— BusinessWorld Online

55 big-ticket infra projects await ICC action; 6 pass feasibility stage
FIFTY-FIVE flagship infrastructure projects are awaiting action from the National Economic and Development Authority Investment Coordination Committee (NEDA-ICC) as of mid-year.
— BusinessWorld Online

SWS: 57 percent support martial law in Mindanao
Around 57 percent support President Rodrigo Duterte’s declaration of martial law in Mindanao, according to a Social Weather Stations (SWS) survey.
— ABS-CBN

COA disallows P234-M advance lease paid by Pagcor
The Commission on Audit (COA) has officially disallowed the P234 million disbursement made by the Philippine Amusement and Gaming Corporation (Pagcor) for the advance lease payment of a proposed gaming site, declaring the 2016 deal as disadvantageous to government.
— Manila Bulletin

Alvarez seeks law on dissolution of marriage
House Speaker Pantaleon Alvarez offers a solution for married couples unhappy with their relationship. But this report tells us, the speaker’s proposal has been met with criticism from various sectors.
— ABS-CBN (Video)

Neda chief sees 6.4% GDP growth in Q2
The country’s chief economist expects the gross domestic product (GDP) to have had grown by at least 6.4 percent in the second quarter, a similar pace as in the first three months on account of a lack in election-spending boost from April to June unlike last year.
— Philippine Daily Inquirer

DOH’s P1.6B projects are delayed, broken or unused – COA
The Department of Health or DOH’s Health Facilities Enhancement Program (HFEP) accounts for P1.6-billion worth of irregularities, according to the Commission on Audit (COA).
— Rappler

Globe to provide communication facilities for 2017 Metro Manila Shake Drill
Globe Telecom has partnered with the Metropolitan Manila Development Authority (MMDA) to provide its communication facilities for the 2017 Metro Manila Shake Drill which will be conducted from July 14 to 17, 2017.
— Philippine News Agency

CDC head cleared of corruption allegations
The Clark Investors and Locators Association (Cila) has issued a manifesto that clears the beleaguered head of Clark Development Corporation (CDC) of corruption allegations.
— Sun Star

Philippines: AboitizPower buying out SunEdison interest in two JVs
Philippine-listed Aboitiz Power Corp (AboitizPower) has bought out partner stakes in two power joint ventures it had with SunE Solar BV (SunE Solar), a unit of US-based renewable energy firm SunEdison Inc.
— Deal Street Asia

Up to the Manilla to assert rights over South China Sea: Lawyer
Tomorrow will be exactly a year since the International Court of Justice (ICJ) awarded the Philippines an important victory in its claims that China were encroaching it territorial integrity.
— The Independent

BSP to prioritize financial inclusion, digital system under new governor
Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla will prioritize the push for a financial system that will cater to all sectors of society by the year 2040.
— CNN Philippines

DTI supports local association on safety of coconut oil
THE United Coconut Association of the Philippines Inc. (Ucap) recently issued a statement clarifying the American Heart Association’s (AHA) advisory against the consumption of coconut oil.
— Business Mirror

O’er hills and seas, Pinoys abroad under CFO watch
DECADES ago an actor got into trouble after suggesting that, instead of discipline, bicycles are required for the country’s progress: “Sa ikauunlad ng bayan, bisikleta ang kailangan.”
— Business Mirror

ID for OFWs launched today
The Department of Labor and Employment (DOLE) is launching today the identification card for millions of overseas Filipino workers (OFWs).
— The Philippine Star

 

Feature photo Brian Evans
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Philippines morning news by AEC News Today is your one stop source for Philippines news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.

 

 

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Stella-maris Ewudolu

Stella-maris Ewudolu

Journalist at AEC News Today
Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005. Between November 2004 and February 2011 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. Since 2010 she has worked as a freelance screen writer for 'Nollywood', Nigeria.
Stella-maris Ewudolu

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