Philippines Morning News For June 21

Philippines Morning News For June 21

Philippines morning news

Philippines outsourcing: ‘Customers want people, not robots’
In a Manila call centre, Sarah Prestoza spends hours helping exasperated callers on the other side of the world troubleshoot problems with their internet connections.
— BBC News

Transport dominates P738-B projects up for NEDA OK
Nine flagship projects, with a collective value of P738 billion, are slated for approval by the National Economic and Development Authority (NEDA) board by the end of the month, Socioeconomic Planning Secretary and NEDA chief Ernesto Pernia said yesterday.
— The Philippine Star

ADB urged to expedite loan approvals
THE National Economic and Development Authority (NEDA) is urging the Asian Development Bank (ADB) to fast-track the processing of loans and technical assistance to be a more effective multilateral institution to its member countries.
— The Manila Times

Philippines’ LT Group to wade into regional beverage production
Philippine conglomerate LT Group plans to expand its beverage business in Southeast Asia, marking its first move to establish a regional manufacturing footprint, company President Michael Tan said on Tuesday.
— Nikkei Asian Review

Outsourcing may post $26B revenue this yr – ING
ING Bank on Tuesday said the business process outsourcing (BPO) industry will hit revenue of $26 billion this year.
— The Manila Times

HSBC exec eyes PH trade balance at USD0.9-B in ’17
An official of banking giant HSBC forecasts a trade deficit of USD0.9 billion for the Philippines in 2017 as imports are seen to surpass exports given the strong domestic demand.
— Philippine News Agency

P738B infra projects up for NEDA Board approval
President Rodrigo Duterte is expected to approve nine infrastructure projects, including the PHP230-billion Mega Manila subway project, when he convenes the National Economic and Development Authority (NEDA) Board next week.
— Philippine News Agency

Gov’t seeds 5 million fingerlings in Laguna lake
Making good on its promise to replenish the country’s inland waters with both indigenous and commercially valuable non-invasive fish species, the Department of Agriculture Bureau of Fisheries and Aquatic Resources (DA-BFAR) has dispersed an initial 5 million pieces of fingerlings of various fish species in Laguna de Bay.
— Philippine Information Agency

PH shares tumble; peso falls to 7-week low
The hawkish statement for the Federal Reserve officials weighed on Philippine shares and the peso, with foreign funds heading to the exits for the second day.

PH hosts ASEAN electronics Dialogue
The Philippines concluded its hosting of the ASEAN Dialogue with Asian Electronics Forum Partners Tuesday (20 June 2017) at the Sofitel Philippine Plaza Manila, bringing together key experts and movers from ASEAN Member States (AMS) in the electronics and semiconductor industry to share industry updates and initiatives in their respective electronics sectors, learn from each other, and foster greater collaboration in the region.
— Philippine Information Agency

Exploring vast potentials of Indian market
INDIA, long considered a sleeping economic giant, is now undoubtedly cementing its position as among the world’s major economies. As of the fourth quarter of 2016, it enjoyed the distinction of being the world’s fastest-growing major economy, with growth rates averaging over 7 percent.
— Business Mirror

Who’s behind security threat memos?
SOCIAL MEDIA was abuzz yesterday with copies of documents, bearing the letterhead of the Philippine National Police (PNP), containing supposed security threats posed by the local terror group Maute in Metro Manila and other parts of the country.
— BusinessWorld Online

Philippine Airlines Orders Seven More Bombardier Q400 Aircraft
Bombardier Commercial Aircraft announced today, from the International Paris Air Show, that it has signed an agreement with Philippine Airlines, Inc. for the exercise of its seven Q400 aircraft purchase rights.
— India PRwire (press release)

Inaccuracies seen in SolGen Calida’s ISIS cells list
Several inaccuracies can be seen in the list of ISIS cell groups operating in the Philippines that Solicitor General Jose Calida released last Monday, an international security analyst said.
— The Philippine Star

Senators seek inquiry into downgrade of raps vs cops
The Senate minority bloc is seeking an investigation of the Department of Justice (DOJ) decision to downgrade charges against the policemen accused in the killing last year of Albuera Mayor Rolando Espinosa Sr., a suspected drug lord who was gunned down in a predawn raid on the Leyte subprovincial jail while allegedly being served an arrest warrant.
— Philippine Daily Inquirer

Tugade: no new MRT-3 trains until they’re proven safe
Despite the frequent breakdown of the Metro Rail Transit-3 (MRT-3), Transportation Secretary Arthur Tugade said he would not deploy the Dalian trains bought by the Aquino administration until he was certain these could be used safely.
— Philippine Daily Inquirer

Ombudsman affirms dismissal of NCMF execs for pork barrel misuse
The Office of the Ombudsman has affirmed the dismissal of five officials of the National Commission on Muslim Filipinos (NCMF) over the misuse of late Maguindanao 2nd District Rep. Simeon Datumanong’s P3.8-million pork barrel funds in 2012.
— Philippine Daily Inquirer

Maute trains children for combat – military intel
The Maute group has been training children for combat and equipping them to use sniper weapons, photos taken by military intelligence inside the Maute training camp in Butig, Lanao del Sur show.

Gov’t cuts 2nd quarter grain output forecasts
PRODUCTION of grain staples will still grow this quarter from a year ago, but by a smaller increment than earlier projected, the Philippine Statistics Authority (PSA) reported yesterday.
— BusinessWorld Online

BSP to launch five new credit surety facilities
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking to launch five new credit surety facilities for cooperatives this year, as the central bank seeks to provide an alternative lending platform for small businesses.
— BusinessWorld Online

Gov’t to sell Marcos jewels after last remaining legal case is settled – DOF
The national government will sell the three jewelry collections seized from former first lady Imelda Marcos once the last remaining legal case is finally resolved, the Department of Finance (DOF) said Tuesday.
— Manila Bulletin


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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