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.
Duterte’s Flip-Flops And Corruption Haunt Philippines Stocks
Driven by rising commodity prices, emerging equity markets have been in a rally mode lately.
Cebu looks to host Asian Cup
AFTER hosting two national open competitions, Cebu is now ready to host an Asian Cup Outdoor Archery competition.
— Sun Star
Wary of China, Duterte tells navy to build ‘structures’ east of Philippines
Philippine President Rodrigo Duterte has ordered the navy to put up “structures” to assert sovereignty over a stretch of water east of the country, where Manila has reported a Chinese survey ship was casing the area last year.
Newspaper columnist murdered in the Philippines
Philippine police and prosecutors should credibly investigate today’s murder of newspaper columnist Joaquin Briones and should swiftly bring all those responsible to justice, the Committee to Protect Journalists said today.
— CPJ Press Freedom
Philippines’ Duterte wants mining ban, links miners to destabilization plot
Philippine President Rodrigo Duterte on Monday accused some miners of funding efforts to destabilize his government as he talked about a possible plan to impose a ban on mining given the environmental damage producers have caused.
Philippines seen to be stuck with just two telecommunication players
AS THE CLAMOUR for a third telco player in the Philippines reached fever pitch, a respected technology expert delivered a sobering reminder of the cost – roughly US$10 billion (Bt353 billion) to roll out a network and decades before hitting breakeven.
— The Nation
Philippines’ Ayala eager to fund more startups
Philippine conglomerate Ayala Corp. is keen on investing in more developers of new technologies that complement its existing businesses, officials said on Monday.
— Nikkei Asian Review
Philippine Coast Guard hiring 4,000 this year
The Philippine Coast Guard will be hiring 4,000 personnel this year and 5,000 next year, according to Philippine Coast Guard spokesperson Commander Armand Balilo. He said that by the end of this month they will be announcing vacancies.
— Update Philippines
IPG Mediabrands launches Ansible in the Philippines
IPG Mediabrands, the global media arm of Interpublic Group, announced the official launch of Ansible in the Philippines. Ansible is the specialist, full-service mobile marketing and technology agency offering services including strategy, media planning and buying, marketing and analytics as well as UX, creative, technology, development and enterprise solutions.
— Marketing Interactive
Philippines to ratify Paris Agreement
The Philippines Senate is expected to ratify the Paris Agreement on climate change tomorrow making the Philippines the 135th country to do so following a long advocacy campaign by UNISDR Global Champion for Resilience, Senator Loren Legarda.
The Philippines Now Wants to Legalize Medical Marijuana
Deliberations on legalizing the use of marijuana for medical reasons have begun at the Philippine House of Representatives.
SE Asia stocks up, Philippines bounces back
Most Southeast Asian stock markets closed higher on Monday, with the Philippines clocking its biggest single-day %age gain in nearly a month as bargain hunters stepped in following Friday’s last-minute selloff.
— Bangkok Post
Smart tops Philippines in 4G speeds, Globe in coverage
The Philippines’ two dominant operators Globe Telecom and Smart ramped up mobile data speeds over the past few months, but their LTE speed scores fall far short of the global average of 17.4Mb/s, according to a report from OpenSignal.
— Mobile World Live
Japanese firms to bring nearly P200-B investments Philippines
Japanese companies are expected to invest some Php 198.5 billion in the Philippines, a gain from the investment mission of government officials to Tokyo early this month.
— Update Philippines
Philippines gives green light to national broadband plan
The government of the Philippines has approved a project to create a national broadband network.
— Developing Telecoms
US$800 million 250-MW Pulangi 5 hydropower project slated for Philippines
First Bukidnon Electric Cooperative Inc. (FIBECO) and Pulangi Hydro Power Corp. (PHPC) signed a memorandum of understanding on March 8 to begin construction of the 250-MW Pulangi (also spelled Pulangui) 5 hydropower plant in Bukidnon on the island of Mindanao in the Philippines, according to the Philippines National Electrification Administration (NEA).
Feature photo: Bernard Spragg
Philippines morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.