Philippines Morning News For March 17

Philippines Morning News For March 17
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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.

 

Philippines morning news

EU Parliament calls for release of De Lima
The European Parliament on Thursday issued a joint motion calling for the release of Senator Leila de Lima who was earlier arrested for her alleged links in the illegal drug trade.
– Inquirer.Net

Philippines lags in Asian university rankings
The Philippines lags behind some of its regional counterparts in the latest Asian university rankings released by London-based Time Higher Education magazine on Thursday.
— Phil Star

COA holds ex-Aquino adviser accountable for P53-M ‘pork’
Former Dinalupihan, Bataan Mayor Joel Jaime Payumo, who also used to be a political adviser of former President Benigno Aquino III was held accountable by the Commission on Audit (COA) for the return of P53-million worth of pork barrel.
— Phil Star

First impeachment complaint vs Duterte filed
A congressman allied to Sen. Antonio Trillanes filed an impeachment complaint against President Rodrigo Duterte at the House of Representatives on Thursday for alleged betrayal of public trust and corruption.
— Phil Star

PLM officials charged over van purchase
State prosecutors have charged former Pamantasan ng Lungsod ng Maynila president Benjamin Tayabas and 12 others over the purchase of a P1.11-million Hyundai Starex van without public bidding in 2006.
Inquirer.Net

Labor dept issues new rules to fight ‘endo’
The Department of Labor and Employment released on Thursday new rules that it hoped would end illegal labor contractualization.
— ABS-CBN

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Amid Philippine mining crackdown, OceanaGold shifts to Trump’s US
OCEANAGOLD Corp. is targeting an expansion of its new gold operation in the US amid a dispute between mining companies and President Rodrigo R. Duterte’s government in the Philippines.
— Business World

SMC’s net income surges 80% to P52 B in 2016 on better margins
Diversified conglomerate San Miguel Corporation (SMC) reported yesterday an 80 percent surge in net income to P52 billion last year, driven by higher revenues and better margins across its major businesses.
— Manila Bulletin

Dominguez identifies P326-B projects for implementation
The Duterte administration has identified P326 billion worth of projects for implementation this year aiming to transform the country’s source of growth from consumption to investments, the Department of Finance (DOF) said.
— Manila Bulletin

Julie Bishop urged to muscle up to Philippines’ Duterte
Australian Foreign Minister Julie Bishop will meet Philippines President Rodrigo Duterte in Davao today in a diplomatic overture that human rights campaigners have warned risks looking like a “pilgrimage to the home of a self-confessed killer”.
— The Australian

LNG project offers flood PNOC
STATE-OWNED Philippine National Oil Co. (PNOC) has received unsolicited proposals from 26 groups — three Filipinos and 23 foreigners — for its plan to put up a liquefied natural gas (LNG) facility in the country that can house a power plant as well as stations for storage, liquefaction and regasification, its president said.
— Business World

Australia calls for enforceable South China Sea pact soon
Australia urged Southeast Asian nations and China to conclude a legally binding code of conduct in the South China Sea as soon as possible, voicing concern Thursday about the scale of reclamation and construction by China in the disputed territory.
— Phil Star

Job losses loom due to ‘endo’ crackdown, employers warn
Filled with “ambiguities,” a labor department order targeting illegal contractualization could lead to job losses, the country’s main employers’ group said Friday.
— ABS-CBN

Foreign investors drop stocks, govt securities in February
Foreign portfolio investments posted net outflows of $409 million in February, a reversal from net inflows recorded during the previous month, the Bangko Sentral ng Pilipinas said.
— ABS-CBN

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Labor dep’t spells out contracting curbs
THE DEPARTMENT of Labor and Employment (DoLE) yesterday issued an order that spelled out the rights of both employers and workers in a contractual hiring arrangement, ending nearly a year of speculation over the Duterte government’s labor policy.
— Business World

Duterte to meet Aung San Suu Kyi in Myanmar
President Rodrigo Duterte is set to meet Burmese democracy icon Aung San Suu Kyi during his visit to Myanmar this weekend.
— Rappler

‘Philippines-US military alliance unshaken by sex-for-secrets’
Defense Secretary Delfin Lorenzana reaffirmed the Philippine government’s commitment to honor and stand behind the country’s traditional alliance with the US even as the Duterte administration has opened up to possible military arms deals with Russia and China.
— Phil Star

Duterte seeks ASEAN-China collaboration to boost tourism
Tourism in ASEAN member states and China can get the needed boost if there is stronger collaboration rather than conflict and division, Pres. Rodrigo Duterte said Thursday night.
— Manila Bulletin

New fund sources open up for Philippines
THE PHILIPPINES’ pivot to its Asian neighbours is opening up more sources of funds as China and Japan compete for the financing of local infrastructure projects.
— The Nation

 

 

Feature photo: Bernard Spragg

 

 

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Philippines morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.

 

 

 

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Stella-maris Ewudolu

Stella-maris Ewudolu

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005. Between November 2004 and February 2011 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. Since 2010 she has worked as a freelance screen writer for 'Nollywood', Nigeria.

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