Factory growth slips, still ASEAN’s best
IMPROVEMENT of factory activity in the Philippines slowed at the end of the second quarter, but still “signaled another strong expansion in June” that kept the country in Southeast Asia’s lead for the second straight month, according to the latest monthly survey which IHS Markit conducted for Nikkei, Inc.
— BusinessWorld Online
ADB establishing infra technical aid program
AN INFRASTRUCTURE assistance scheme providing technical expertise will be set up to aid in carrying out the government’s infrastructure programs, forming part of the Asian Development Bank’s (ADB) pledged $100-million loan to the government.
— BusinessWorld Online
Ex-BFP chief gets at least 60 years over P200K scam
Former Bureau of Fire Protection chief Francisco Senot and finance service unit chief Florante Cruz will have to serve 60 to 90 years in prison for stealing P192,023.73 from government funds.
— Philippine Daily Inquirer
Philippine bishop dares authorities to unmask drug killers
A Catholic bishop has dared authorities to unmask anti-narcotics vigilantes who are believed to be behind the spate of killings of suspected drug pushers and users in Manila.
— UCA News
PEZA warns of P250-B losses from VAT on local suppliers
The Philippine Economic Zone Authority (PEZA) has warned of annual losses running up to P250 billion for local suppliers of export-oriented firms once the value- added tax (VAT) exemption currently enjoyed by these suppliers is removed.
— The Philippine Star
Roach mulls retirement for Pacquiao
Manny Pacquiao’s trainer on Monday advised the Filipino legend to quit boxing after his sensational defeat to unheralded Australian Jeff Horn.
— Philippine Daily Inquirer
PAGCOR Outlines Plan to Heavily Tax Privatized Casinos, Government Agency Details Selloff
PAGCOR (the Philippine Amusement and Gaming Corporation) has been directed by President Rodrigo Duterte to sell its 11 casinos and 36 satellite gaming facilities. The federal agency this week provided details on how it plans to continue delivering critical tax funds to the country’s coffers, despite selling off its gaming assets.
— Casino.Org News
20 Philippines firms among Asia’s most powerful
SM Prime and Universal Robina led 20 of the country’s biggest companies in a list of the most powerful firms in the region.
— The Philippine Star
Jeepney drivers to get P2.26-B government subsidy
The government has approved a P2.26-billion subsidy until next year for jeepney operators and drivers to cover equity for at least 28,000 new units under its public utility vehicle (PUV) modernization program.
— The Philippine Star
Business leaders stay upbeat on admin’s infra push
A year after President Rodrigo Duterte took office, some of the biggest local and foreign business chambers in the country still have high hopes for the administration, betting on the promise of a “golden age of infrastructure” on top of a proinclusive growth and probusiness legislative agenda.
— Philippine Daily Inquirer
Lacson: Senate to probe cops after Reuters exposé
A Senate committee will investigate police actions after a Reuters report detailed how officers have allegedly used hospitals to cover up executions in President Rodrigo Duterte’s year-old war on drugs, the committee’s head said on Monday.
— ABS-CBN
Oil price hike due
After four weeks of rollbacks, motorists and consumers are in for another round of increases in petroleum products.
— Manila Bulletin
Evasco orders gender funds used for Marawi aid
Cabinet Secretary Leoncio B. Evasco has ordered government housing agencies to use half of their gender and development (GAD) budgets to immediately help Marawi evacuees.
— Philippine Daily Inquirer
US ready to help in Marawi rehab
The United States (US) has expressed willingness to assist the Philippine government in efforts to rehabilitate war-torn Marawi City.
— The Manila Times
DOLE eyes 2M add’l regular workers by 2022
THE Department of Labor and Employment (DOLE) aims to regularize around two million contractual workers by 2022 when the term of office of President Rodrigo Duterte ends.
— The Manila Times
PEZA oks P268-B investments in 1st year of Duterte admin
The Philippine Economic Zone Authority (PEZA) reported Monday that it approved a total of PHP268.36 billion investments during the first year of the Duterte administration.
— Philippine News Agency
Davao City gets P100,000 for Gawad Kalasag Award
THE Office of the Civil Defense (OCD)-Davao Region turned over to the Davao City Government on Monday, July 3, worth P100,000 cash prize for Gawad Kalasag Award.
— Sun 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.
Philippines Morning News For July 4 added by Stella-maris Ewudolu on
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Stella-maris Ewudolu
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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