Philippines Morning News For June 26

Philippines Morning News For June 26

Philippines morning news

BSP to seek qualified banks deal with Singapore
THE Bangko Sentral ng Pilipinas (BSP) will be working on a possible bilateral agreement with the Singapore central bank that would allow qualified banks to operate subsidiaries in each other’s markets.
— The Manila Times

China funding 2 MM bridges
Malacañang has welcomed China’s latest grant to finance the construction of two bridges that aim to ease traffic woes in Metro Manila.
— Manila Bulletin

Cargo firm bullish on Asean trade prospects, sees further growth in PHL
“Let us make [the] Philippine shipping competitive in an Asean context. It can be a threat to some, but there are also lots of opportunities. With economics of scale wherein you have efficient companies that have a bigger scale within Asean, they can also bring down the cost of shipping,” Royal Cargo Group CEO Michael Kurt Raeuber said in a recent interview on the sidelines of the arrival of the company’s first-ever container vessel at the Batangas Port.
— Business Mirror

DOT: Philippines destinations visited by 60 M local tourists yearly
More than one half of the country’s population or 60 million Filipinos visit local tourist destinations in the country every year, a Department of Tourism (DOT) official said yesterday.
— The Philippine Star

Battle resumes as Eid’l Fitr truce ends in Marawi
The 8-hour ceasefire in Marawi allowing residents to celebrate the end of Ramadan came to an abrupt end on Sunday afternoon, June 25, as the government continued its offensive against Maute Group terrorists occupying parts of the war-torn city.
— Rappler

Bidding terms for 250,000 MT of rice imports under G2P out soon–NFAC
The National Food Authority Council (NFAC) has recently approved the terms of reference for the bidding of rice imports under the government-to-private sector (G2P) scheme.
— Business Mirror

Duterte’s FOI order leads to ‘unintended consequences’
President Rodrigo Duterte’s issuance of an executive order on freedom of information (FOI) was a much-lauded move and a step in the right direction, but it has had “unintended consequences” that have not always led to greater transparency.
— Philippine Daily Inquirer

Stray cats, killers and no regrets: De Lima on life in jail
Philippine police have arrested more than 80,000 people during President Rodrigo Duterte’s brutal war on drugs, but few as prominent or defiant as Leila de Lima.

Gov’t readies P5-M grant for rebel halfway houses
Local government units may get P5 million to build halfway houses for communist rebel returnees, according to the Department of the Interior and Local Government.
— Philippine Daily Inquirer

Never-ending road repairs getting motorists down
Businessman Sonny Almario has been wondering if the various road repairs in Metro Manila, which he blames for the daily traffic jams, will ever be completed.
— Philippine Daily Inquirer

70,000 workers ‘regularized’ in past year – DOLE
The Department of Labor and Employment (DOLE) yesterday reported that close to 70,000 workers employed under so-called “end of contract” (endo) scheme have been regularized almost a year under the Duterte presidency.
— Philippine Daily Inquirer

Freeport zone along Davao Gulf proposed
The Davao Gulf Metropolitan Development Authority (DGMDA), with a charter similar to that of the Subic Bay Metropolitan Authority, is in the legislative works to handle the development of a freeport zone covering various local governments in the region.
— BusinessWorld Online

MPIC to resubmit P50 B C-5 overhead expressway proposal
The tollway arm of Metro Pacific Investments Corp. (MPIC) intends to resubmit to the government a proposal to build a P50 billion overhead expressway along C-5.
— The Philippine Star

578 fisherfolks in Davao receive cash incentive
A TOTAL of 578 registered fisherfolks on Friday, June 23, received cash incentives amounting from P1,000 to P2,000 from Bureau of Fisheries and Aquatic Resources (BFAR) under the Bantay-Laot Program.
— Sun Star

Asean terrorism: Expect the worst before it’s solved
FROM the obvious and undeniable fact that our Asean allies, primarily Indonesia and Malaysia, plus Australia, the US, Japan, South Korea, India, Russia and China have cooperated with the Philippines in different ways—from sending spy planes to sharing military intelligence information, actual maritime security operations and exercises and “commitments to cooperate” a number of horrible realities emerged:
— The Manila Times

KTM PH races ahead with new plant
THE leadership teams of Ayala Corporation and KTM AG of Austria, the joint-venture partners behind KTM Asia Motorcycle Manufacturing, Inc. (KAMMI), together with their key dealers and motorcycle enthusiasts, led the exciting inauguration of the state-of-the-art KTM assembly plant at the Laguna Technopark in Biñan, Laguna, recently.
— Malaya Business Insight

Trillanes files bill allowing AFP to recruit 20,000 more personnel
Sen. Antonio Trillanes IV wants the military to recruit 20,000 more personnel who will only serve a tour of duty for five years amid several security issues hounding the country.


Feature photo Rain Rannu
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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