Philippines Morning News For July 21

Philippines Morning News For July 21

Philippines morning newsADB hikes ’17,’18 growth forecasts for PH
The Asian Development Bank has raised its gross domestic product (GDP) growth forecasts for the Philippines for this year and next year, with the country expected to lead economic expansion among emerging Asean economies.
— Philippine Daily Inquirer

Manila kidnap case: S’poreans more wary on trips to Philippines
Following news of the rescue of a Singaporean woman kidnapped at a Manila casino, those who travel often to the Philippine capital say they will stay extra vigilant when they are there.
— Today Online

PH among top 5 sites of terrorism, but total attacks down 9% – US State Dep’t
The US State Department said Wednesday that global terror incidents and deaths fell last year, while it maintained its designation of Iran as the top “state sponsor of terrorism.”
— Manila Bulletin

Duterte orders peace talks with Reds cancelled following ambush of his guards
The Philippine government on Wednesday (July 19) abruptly called off the scheduled back-channel talks with the Communist Party of the Philippines-National Democratic Front (CPP-NDF) following the ambush of a convoy of the Presidential Security Group in Arakan town by communist rebels, according to a report in The Manila Times Online.
— Thai PBS

PNP targets 2nd loan shark gang in casinos
After rounding up 43 Chinese and Malaysian members of a loan sharking syndicate, the Philippine National Police is out to neutralize a similar group with Filipino members.
— Philippine Daily Inquirer

Two U.S. lawmakers slam Duterte in drug war hearing
Two US lawmakers slammed Philippine President Rodrigo Duterte in a hearing on Thursday, July 20, about alleged abuses in the war on drugs waged by the Philippine government.
— Rappler

Philippines bans Brazil meat imports amid safety concerns
The Philippines halted meat imports from Brazil citing safety concerns on Thursday following a U.S. move to ban fresh Brazilian beef after a high percentage of shipments failed to pass safety checks.
— The Peninsula Qatar

Profit-taking pulls down PH stocks
The benchmark Philippine Stock Exchange index (PSEi) yesterday succumbed to profit taking after a three-day rally.
— Philippine Daily Inquirer

Philippines eyes opening telecoms to foreign control
Limits on foreign ownership of the Philippine telecom industry should be lifted to attract investment and improve its service, a senior minister said Thursday.
— Daily Times

M’sia targets 50% rise in palm product exports to Philippines by 2020
Malaysia is targetting the export of palm oil and palm-based products to the Philippines to increase by 50% to RM3bil by 2020, from RM1.99bil recorded in 2015.
— The Star Online

PCSO to cut funding to PNP for ‘anemic’ action on ‘jueteng’
Calling the Philippine National Police’s response to illegal gambling as “anemic,” Philippine Charity Sweepstakes Office (PCSO) General Manager Alexander Balutan is now mulling to cut in half the charity funds that go to PNP.
— Philippine Daily Inquirer

3 global firms assist coconut oil supply chain in Philippines
Three big names in the global household consumer goods industry have teamed up to boost the coconut oil market through initiatives focused on southern Mindanao and southern Leyte as well as North Sulawesi in Indonesia.
— Philippine Daily Inquirer

PSE selling P2.8-B shares in move to dilute brokers’ influence
The Philippine Stock Exchange (PSE) announced a major share sale Thursday seen to pave the way for its compliance with a long-running issue on broker ownership spanning almost two decades.
— Philippine Daily Inquirer

DOF: Mighty Corp. paying initial P3.5B tax liabilities
MIGHTY Corporation would settle initial P3.5 billion, representing portion of its P25 billion tax liabilities with the government, the Department of Finance (DOF) said Thursday.
— Sun Star

Marawi IDPs avail free health care
More than 300 internally displaced persons (IDPs)have already availed of the Medical Assistance Program (MAP) of the Department of Health (DOH) which aims to ensure financial support to patients needing medical services.
— Philippine Information Agency

Solar Philippines eyes supply contracts with Taiwanese, Chinese companies
SOLAR PHILIPPINES Power Project Holdings, Inc. is planning to expand overseas with contracts to deliver solar panels to Taiwanese and Chinese companies, its president said.
— BusinessWorld Online

DICT launches Tech4ED project in Vizcaya towns
The Department of Information and Communications Technology (DICT) here has launched the Tech4ED Project in two towns here to heighten the level of knowledge among villagers through information technology.
— Philippine Information Agency

DTI upbeat on P1 billion per region loan for micro entreps
THE Department of Trade and Industry (DTI) is optimistic that the national government will regularly allocate a fund of P1 billion per region which can be availed by micro enterprises.
— Sun Star

Singapore firm, hospital ink pact for P500-M cancer center
Singapore firm TE Asia Healthcare Partners, Mount Grace Hospital Inc. and Mother Theresa of Calcutta Medical Center (MTCMC) here on Wednesday, July 19, inked a pact for a P500-million cancer center facility, the first in the region.
— Sun Star

State revenues rise in 1st half, still miss targets
TAXES AND OTHER DUTIES collected by the country’s two main revenue-generating agencies rose in the first semester from a year ago, but the state’s income for that period still fell short of target.
— BusinessWorld Online

Pres. Duterte’s visit to Marawi boosts morale of PH troops
President Rodrigo Duterte’s Thursday visit to Marawi City, where Filipino troops are currently locked in battle with remaining Maute Group terrorists, has greatly boosted the morale of military personnel currently deployed there.
— Philippine News Agency

Nationwide smoking ban starts July 23
The Department of Health (DOH) reminded the public yesterday the nationwide smoking ban would take effect starting July 23, or 60 days after the signing of Executive Order 26.
— The Philippine Star

Solons buck proposed season-based rice tariffs
The Cabinet proposal to impose season-based tariffs on rice in lieu of the quantitative restriction (QR) scheme faces rough sailing in Congress, as lawmakers already voiced their concerns over the proposal, particularly for being prone to manipulation by unscrupulous traders.
— Business Mirror

Longevity pays: 584 centenarians in Region 1 get P100K each
It must be the saluyot, or the betel nut they like to chew: Region 1, the Ilocos Region, has possibly the highest number of centenarians in the country, with 584 confirmed as of the latest count.
— The Philippine Star

Palace seeks due process in U.S. Congress panel’s PH drug war probe
Malacañang calls for due process in the probe of a US congressional commission on the Duterte administration’s war on drugs.
— ABS-CBN (video)

Tax court orders P302-M PAL refund
The Court of Tax Appeals’ (CTA) Third Division has ordered the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BoC) to refund or issue a tax credit certificate in favor of Philippine Airlines, Inc. (PAL) in the amount of P302.01 million representing excise taxes paid for PAL’s importations of jet fuel for its domestic operations in 2008.
— The Manila Times

Grab pays P5M fine, appeals charges vs LTFRB
Ride-hailing service Grab on Thursday paid its P5 million fine to the Land Transportation Franchising and Regulatory Board (LTFRB) and appealed the apprehension order issued against its alleged “colorum” vehicles.
— ABS-CBN

PH shares snap 3-day winning streak
The PSE index snapped a three-day winning strak of gains and foreign fund inflows Thursday, nearly falling back below 7,900. Meanwhile, the final offer price for Chelsea Logistics has been set.
— ABS-CBN (video)

Fewer Filipinos say they are poor
SELF-RATED poverty fell for the first time in three quarters, according to results of the Social Weather Stations (SWS) quarterly survey that nevertheless said families are in need of more money to escape food poverty.
— BusinessWorld Online

Close to 140,000 jobseekers hired on the spot at DOLE job fairs
Close to 140,000 jobseekers were able to find employment in more than 1,800 job fairs nationwide, the Department of Labor and Employment (DOLE) said.
http://www.pna.gov.ph/articles/1002022
— Philippine News Agency

Globe At Home leads charge in bringing first-world entertainment to more families in PH
Globe has rolled out extensive efforts in expanding broadband connectivity with a mission to connect 20 million homes in 2020.
— Manila Bulletin

MRT-7 seen completed, ready for operations in 2019
Conglomerate San Miguel Corp. (SMC) is keeping its 2019 completion target for the massive Metro Rail Transit Line 7, despite right-of-way issues that typically delay big-ticket infrastructure projects.
— Philippine Daily Inquirer

291 OFWs get amnesty from Saudi Arabia
Two hundred ninety one overseas Filipino workers (OFWs) who just got an amnesty from Saudi Arabia arrived in Manila on Thursday.
— Philippine News Agency

600 buildings still need to be cleared in Marawi
With around 600 structures still needing to be cleared of militants, the Armed Forces of the Philippines (AFP) said yesterday it might not be able to wrap up its operations in Marawi City before the 60-day martial law lapses on July 22 or two days before President Duterte’s State of the Nation Address (SONA).
— The Philippine Star

 

Feature photo Brian Evans
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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.
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