Philippines Morning News For June 16

Philippines Morning News For June 16

Philippines morning news

PHL in bottom third of global digital competitiveness ranking
THE PHILIPPINES placed 46th out of 63 economies in a global ranking on digital competitiveness conducted by the International Institute of Management Development (IMD).
— BusinessWorld Online

Remittance inflows slow down in April
After hitting record monthly levels in March, cash and personal remittances from overseas Filipino workers slipped in April, hitting their lowest levels in 15 months primarily due to the repatriation of workers from Saudi Arabia, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
— The Philippine Star

NGCP, First Balfour sign P1.7-billion Hermosa-San Jose transmission line project
THE National Grid Corp. of the Philippines (NGCP) recently awarded to First Balfour Inc. the contract to construct the P1.699-billion Hermosa-San Jose 500-kiloVolt transmission line project.
— Business Mirror

Foreign journalist ‘hit by sniper bullet’ in Marawi capitol
A foreign journalist covering the crisis in Marawi City was “hit by a sniper bullet” while inside the compound of the Lanao del Sur provincial capitol on Thursday.
— ABS-CBN

Whistle-Blowers Are Philippines’ Latest Weapon Against Cartels
The Philippines is turning to whistle-blowers to energize its struggling campaign against cartels.
— Bloomberg

Dole Philippines opens new $20m pineapple production facility
Giant fruit producer Dole Philippines, has opened a new production facility worth US$20 million that could generate 1,500 additional jobs, officials said Wednesday.
— Fresh Plaza

Philippines’ Tourism Office Drops McCann After Plagiarism Complaints
The Philippines’ Department of Tourism said it was ending its partnership with McCann Worldgroup’s local office after complaints about an ad that bore “glaring similarities” to a South African travel spot from three years ago. In a sharply worded statement, the client also demanded a public apology from McCann.
— AdvertisingAge

Philippines’ dengue cases near 36,000
THE number of dengue fever cases in the country has grown to nearly 36,000 in the first five months of this year, but lower than the same period last year, Health Secretary Paulyn Ubial said Thursday.
— Sun Star

PH to host 1st Asean Electric and Hybrid Vehicles Summit
THE Philippines will host the 1st Asean Electric and Hybrid Vehicles Summit on June 29 to 30, 2017 as a side event to the country’s hosting of the Asean Leaders’ Summit this year.
— The Manila Times

BSP sees near-term volatility after Fed hike
The Bangko Sentral ng Pilipinas (BSP) expects near-term volatility in the financial markets following the United States Federal Reserve’s latest decision to raise its key interest rates, but reiterated that its own policy move will be guided by its assessment of domestic inflation.
— The Manila Times

Tourists still coming despite ‘hiccups’–Abella
The Philippines continues to enjoy an increase in visitor arrivals despite bouts of “hiccups,” presidential spokesperson Ernesto Abella said.
— Philippine Daily Inquirer

Climate change threat to food security – Dar
CLIMATE change will threaten food security if the country fails to manage water use efficiently, William Dar, president of the InangLupa Movement Inc., warned on Thursday.
— The Manila Times

KTM opens ASEAN assembly plant in the Philippines
As part of its expansion into Asia, and more specifically ASEAN, Austrian motorcycle manufacturer KTM has formed KTM Asia Motorcycle Manufacturing – a joint-venture with Adventure Cycle Philippines, owned by industrial giant AC Industrial Technology – to build a plant in the Philippines capable of producing 10,000 motorcycles annually. The plant, located in Laguna, will produce the KTM 200 and 390 Duke naked bikes, as well the full-fairing RC 200 and RC 390 sportsbikes.
— Paul Tan’s Automotive News

Vietnam disparages China’s completion of military outposts in disputed waters. But so what?
China plows ahead with its island-building spree while continuing to wield economic and military clout in the region.
— VnExpress International

Philippines climbs on gains in property stocks; Singapore falls
Philippine shares rose on Thursday, driven by gains in real estate stocks, while Singapore was headed for a third session of fall in four, dragged down by financials.
— The Edge Markets MY

Philippines wants bank for working Filipinos in Saudi Arabia
Philippines president Rodrigo Duterte has expressed his intention to have a Philippines-run bank in Saudi Arabia to cater to Overseas Filipino Workers (OFWs) in the royal country. Finance Minister, Carlos Dominguez, made this announcement saying that the target for this project will start at the end of the third quarter this year.
— International Business Times

How Indonesia Mulls Power of Countries to Combat ISIS in Marawi
The defense ministers from Indonesia, Malaysia, Singapore, Brunei Darussalam, and the Philippines will meet on June 19 in Tarakan, North Kalimantan, to discuss the ISIS issue in Marawi, Southern Philippines.
— Netralnews

Cebu power firm aims to maintain growth as it sharpens brand
CEBU-based energy company Vivant Corp. targets to maintain growth levels as it embarks on an aggressive campaign to sharpen its brand and communicate better with its customers and the communities it serves.
— Sun Star Philippines

PHP18.65M project funds granted to 1 city, 11 villages in NegOcc
The provincial government of Negros Occidental released on Thursday a total of PHP18.65 million in project funds to one city and 11 villages in the province.
— Philippine News Agency

PDEA gives out P4.6-M rewards
The Philippine Drug Enforcement Agency (PDEA) marked its 15th anniversary on Wednesday by giving cash rewards totaling P4,620,609 to three informants responsible for the dismantling of a “shabu” laboratory and the arrest of six drug suspects, including two Chinese nationals.
— Philippine Daily Inquirer

Card-fraud provisioning begins October 1
The Bangko Sentral ng Pilipinas (BSP) has given banks a year to shift from the current magnetic stripe to the chip-based EMV technology or face monetary sanctions for noncompliance.
— Business Mirror

DOLE lifts deployment suspension, allows OFWs to return to Qatar
The Department of Labor and Employment (DOLE) announced on Thursday the total lifting of its temporary suspension in the deployment of overseas Filipino workesr (OFWs) in Qatar.
— Manila Bulletin

FDI pledges drop in first quarter
FOREIGN DIRECT INVESTMENT (FDI) commitments dropped in the first three months from a year ago, extending their streak of contraction to three consecutive quarters.
— BusinessWorld Online

 

Feature photo  Mekong
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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