Philippines Morning News For July 18

Philippines Morning News For July 18

Philippines morning newsOFW remittances recover in May
REMITTANCES from overseas Filipino workers (OFWs) recovered in May, the Bangko Sentral ng Pilipinas (BSP) announced yesterday, staying on track to a full-year target and helping to fuel household spending that contributes nearly 70% to national output.
— BusinessWorld Online

Supreme Court junks BOC bid to collect P1 B from Shell
The Supreme Court (SC) has rejected with finality the bid of the Bureau of Customs (BOC) to collect almost P1 billion in import taxes from oil giant Pilipinas Shell Corp.
— The Philippine Star

Trump’s use of PH law firm run by gov’t official raises conflict-of-interests red flag
Donald and Ivanka Trump’s companies use a law firm managed by a Philippine government official, which poses the latest in a string of potential conflicts of interests due to the Trumps’ global business empire, the UK’s Guardian has reported.
— Inquirer.net

World Bank: Fixing Mindanao economy key to PH progress
Besides the pursuit of lasting peace in Mindanao, the World Bank sees initiatives supporting the agriculture sector as well as human development to create more jobs in the island.
— Inquirer.net

PSE index climbs back above 7,900
The Philippine Stock Exchange index climbs back above the 7,900 with analysts attributing the increase on hopes for strong local corporate earnings and economic growth.
— ABS-CBN (video)

German firms to expand business process operations in Philippines, DTI says
THREE German companies are expanding their information technology and business process management (IT-BPM) operations in the Philippines in order to cater to the Asia-Pacific markets, the Trade secretary said.
— BusinessWorld Online

Grab, Uber to keep drivers despite P5-M fine
Ride-sharing services Grab and Uber said Monday they would keep their partner drivers, notwithstanding a P5-million fine from regulators.
— ABS-CBN

Think tank urges govt to restart Code of Conduct
A YEAR after the Philippines se­cured a decisive legal victory against China from the Per­manent Court of Arbitration in The Hague, the Duterte administration is in a prime position to restart discus­sions on a code of conduct in the West Philippine Sea, which observers say can help diffuse tension in the disputed waters, one of the world’s busiest.
— Business Mirror

Firearms company to expand in PH
A foreign firearms company is set to expand in the Philippines as the country continues to become an attractive market for the gun industry. – Business Nightly, ANC, July 17, 2017
— ABS-CBN (video)

SSS foreclosed properties selling strong
State-run Social Security System (SSS) said there is a strong demand for its foreclosed properties given the lower prices it offers.
— The Philippine Star

DOLE reiterates OFW ID free-of-charge
The Identification Card (ID) for Overseas Filipino Workers (OFWs) is free of charge, according to a top official of the Department of Labor and Employment (DOLE) during Monday’s launch of the new OFW hub in this city.
— Philippine News Agency

Pilipinas Shell wins P1-billion court case
THE Supreme Court (SC) has junked with finality the bid of the Bureau of Customs (BOC) to collect almost P1 billion from Pilipinas Shell Corp.
— Business Mirror

San Miguel president Ang to buy Philippine Daily Inquirer group
San Miguel Corp’s (SMC.PS) billionaire president on Monday said he will buy a majority stake in the Inquirer Group of Companies, one of the Philippines’ biggest media firms and publisher of the country’s most-read broadsheet, the Philippine Daily Inquirer.
— Reuters

Duterte seeks reboot of BBL amid attacks in Mindanao
President Duterte is seeking to revive a peace accord—known as the Bangsamoro basic law (BBL)—aimed at ending decades of insurgency in Mindanao in the southern Philippines, where government troops have battled Islamic State (IS)-linked militants for two months.
— Business Mirror

Philippines’ Duterte offers Muslim self-rule to counter IS
President Rodrigo Duterte offered self-rule to the Philippines’ Muslim minority on Monday in an attempt to defeat Islamist militants who seized a southern city in the gravest challenge to his year-old rule.
— The Star Online

Philippines DOH introduces Vaccination Boys PSA
In an effort to encourage and ensure parents get all the necessary vaccines for their baby, the Philippines Department of Health (DOH) has begun a new public service announcement (PSA) video and podcast series by the Bakuna Boys, or Vaccination Boys.
— Outbreak News Today

House puts same-sex union on list of priority bills
The leadership of the House of Representatives has placed the controversial proposal for the legalization of “same sex” civil union on the list of priorities in the mid-term of the 17th Congress. This time, the bill will cover live-in heterosexual couples who do not want to get legallly hitched.
— Manila Bulletin

P100M to ensure Imee’s detention
A P100-million fund from the “yellow” forces is being dangled before lawmakers to ensure that Ilocos Norte Gov. Imee Marcos will be detained over her alleged misuse of more than P66 million in tobacco excise taxes.
— The Manila Times

Duterte asks lawmakers for 60-day martial law extension
During his meeting with lawmakers on Monday, July 17, President Rodrigo Duterte asked for a 60-day extension of martial law still covering the entire Mindanao. He also requested that the Senate and the House of Representatives hold a special session to discuss this request.
— Rappler

40 Marawi evacuees succumb to diseases
At least 40 evacuees have died of various diseases since the Maute Group seized some areas in Marawi City in May, Health Secretary Paulyn Ubial said on Monday.
— The Manila Times

Lack of guidelines on newly launched OFW ID causes confusion
The lack of implementing guidelines on the Department of Labor and Employment’s (DOLE) newly launched Overseas Filipino Workers (OFW) identification card has left many OFWs confused regarding its benefits and functions.
— Rappler

400 porters, drivers to be tapped for anti-terror drive
ABOUT 400 porters and drivers in seaport terminals in Bacolod City will be tapped to strengthen the Provincial Government’s anti-terrorism efforts.
— Sun Star

DTI to strengthen MSMEs with ‘7Ms’ summit
The Department of Trade and Industry (DTI) is looking to strengthen micro, small and medium enterprises (MSMEs) in the region through the Negros Island Region MSME Summit on July 19.
— Pilippine Information Agency

Qatar–Philippines Food Security Summit promises hope
The Philippines is set to present the enormous potential its agro-industry sector can offer towards achieving food security at the upcoming Qatar – Philippines Food Security Summit slated on September 18.
— The Peninsula Qatar

Cielo Opens Manila Delivery Center to Support Global and Regional Growth
Cielo, the world’s leading strategic Recruitment Process Outsourcing (RPO) partner, today announced its investment in a full-service recruitment delivery center in Manila, Philippines, following new global and regional client wins.
— PR Newswire (press release)

POWERCHINA added to ‘strategically important’ Philippines pumped hydro team
A proposed 500MW pumped hydro energy storage facility in the Philippines will be designed and constructed by Power Construction Corporation of China (POWERCHINA), which will also carry out procurement duties.
— Energy Storage News

41 repatriates from Indonesia get assistance
NOT a single Dabawenyos is among the 41 Filipinos repatriated from Indonesia, an official said, but they were still given pocket money and their fares were provided by the Davao City Government.
— Sun Star

Philippines Mattress Market Outlook to 2021- Growing and Expanding Healthcare and Hospitality Sector to Augment Market Growth
The report titled “Philippines Mattress Market Outlook to 2021- Growing and Expanding Healthcare and Hospitality Sector to Augment Market Growth” provides a comprehensive analysis of mattress market in Philippines. The report covers market size, segmentation on the basis of size, type, market structure, urban and rural, region, distribution channels and end users.
— PR Newswire (press release)

 

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

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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