Philippines Morning News For March 23

Philippines Morning News For March 23

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

PH economy seen growing at fastest pace in region
The Philippines is likely to grow at the fastest pace among key Southeast Asian economies this year and next while the regional bloc as a whole continues to evolve into a fertile ground for investors, regional investment powerhouse Maybank Kim Eng Group said.
— Inquirer.Net

Tourism chief urges media to tone down news on extrajudicial killings
Tourism Secretary Wanda Teo on Wednesday urged the media to “tone down” their coverage of the Duterte administration’s war on drugs, saying it was making it hard to sell the Philippines as a tourist destination.
— Inquirer.Net

Palace slams New York Times ‘hack’ article
MALACAÑANG on Wednesday slammed what it called a “cynical” and “unfair” story by the New York Times (NYT) about President Rodrigo R. Duterte’s rise to power, also describing the article as a “well-paid hack job” for people with “shady motives.”
— Business World

PH may lose $434M US grant over human rights: DILG
Interior and Local Government Secretary Ismael ‘Mike’ Sueño warned on Wednesday there is a threat to cancel the $434 million Millennium Challenge Corporation (MCC) grant to the Philippines from the United States.
— ABS-CBN

DFA to Robredo: Freedom of expression comes with responsibility
The Department of Foreign Affairs (DFA) on Tuesday reminded Vice President Leni Robredo that freedom of expression is a right that comes with the responsibility to ensure that facts are verified, and unfounded allegations from questionable sources are avoided.
— Phil Star

PH, Thailand boost defense, security ties
Chan-o-cha on Tuesday night agreed to strengthen their defense and security ties to stop the narcotics trade, terrorism and other cross-border crimes in the region.
— Inquirer.Net

Philippine human development below East Asia and Pacific average
THE PHILIPPINES’ stature as one of Asia-Pacific’s fastest-growing economies notwithstanding, human development in the country is below average in the region, according to a United Nations report released yesterday that used 2015 data.
— Business World

Philippines’ Duterte reignites martial law fears
Philippine President Rodrigo Duterte warned on Thursday (Mar 23) he may impose martial law and suspend elections for tens of thousands of local posts, fuelling concerns about democracy under his rule.
— Channel NewsAsia

Philippines to Receive First 2 Aircraft From Japan
Two Japanese aircraft will be officially transferred to the Philippine Navy next week in a boost for Manila’s limited capabilities and an indicator of the significance of the bilateral defense relationship.
— The Diplomat

Becoming Duterte: The making of a strongman
President Rodrigo Duterte relishes the image of killer-savior. He boasts of killing criminals with his own hand. On occasion, he calls for mass murder.
— Inquirer.Net

Thailand vows to help narrow trade gap with Philippines
Thailand has vowed to help the Philippines narrow the trade gap between the two countries by encouraging Thai companies to buy more Philippine-made products, Trade Secretary Ramon Lopez said Wednesday.
— Phil Star

Next BSP head need not be an insider – Moncupa
One of the frontrunners for the position to be vacated by Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said the replacement should not be necessarily an insider to ensure seamless transition.
— Phil Star

WATCH: Duterte shrugs off ICC, impeachment threats
President Rodrigo Duterte may be facing an impeachment complaint at the House of Representatives and a possible investigation by the International Criminal Court, but he remains unfazed as his war on drugs continue.
— Phil Star

Duterte’s ASEAN chairmanship gets Myanmar, Thailand backing: DFA
Myanmar and Thailand have both guaranteed full support of President Rodrigo Duterte’s 2017 chairmanship of the Association of Southeast Asian Nations (ASEAN) during his official visits to the 2 countries, acting Foreign Affairs Secretary Enrique Manalo said Wednesday.
— ABS-CBN

PH telcos capital investments among world’s highest – Ericson
Philippine telecoms firms have spent about 25 percent of their revenues on capital expenditures in the past few years. Global ICT firm Ericsson said this figure is higher than the investments in other members of the Association of Southeast Asean Nations (Asean) and is way above the global average of 16 percent.
— The Manila Times

PH to protest if China builds on Panatag
THE Department of Foreign Affairs (DFA) said the government will file a protest if China makes good on its reported plan to build structures at Panatag (Scarborough) Shoal, a resource-rich fishing ground well within the territory of the Philippines.
— The Manila Times

WHO congratulates PH for 1.1 million decline in number of smokers
The World Health Organization (WHO) has lauded the country’s leadership in promoting significant interventions leading to a dramatic decline in the number of smokers from 2009 to 2015.
— Manila Bulletin

BIR files P9.56-B tax evasion case vs Mighty Corp
The Bureau of Internal Revenue on Wednesday filed a P9.56-billion tax evasion case against cigarette firm Mighty Corp for allegedly using fake internal revenue stamps.
— Phil Star

Jeane Napoles disputes BIR evidence in tax evasion raps
The camp of Jeane Catherine Napoles, youngest daughter of alleged pork barrel scam mastermind Janet Lim-Napoles, has found a loophole in the Bureau of Internal Revenue’s evidence in her P17.46-million tax evasion cases.
— Phil Star

Gov’t shifts airport strategy; to develop multiple gateways
THE GOVERNMENT is now looking at a multi-airport approach to address persistent air congestion problems and the need to expand the capacity of Philippine gateways in anticipation of more arrivals in the medium to long-term.
— Business World

Gov’t urged to craft Benham Rise protection framework
The Philippine government was urged yesterday to create a protection framework for Benham Rise, an undersea territory east of Luzon brimming with natural resources, to prevent foreign vessels from trespassing.
— Manila Bulletin

The Philippines Contact Center Applications Market – Outsourcers Serving Global Organizations Led Market Growth – Research and Markets
Research and Markets has announced the addition of the “The Philippines Contact Center Applications Market – 2015” report to their offering.
— Business Wire (press release)

Prices of premium rice climb on additional importation expense
Inflation may quicken further in the coming months as the National Food Authority (NFA) warns supply of the staple may tighten later in the year. This report tells us as early as now, price of premium rice has already increased to P54 per kilo.
— ABS-CBN

PH, Asian markets fall in step with Wall Street sell-off
Philippine shares joined a global sell off Wednesday, blamed on a key vote on health care in the US and increased geopolitical tensions due to another North Korean missile test.
— ABS-CBN

New Asia refineries point to increased sources of petroleum products — S&P Platts
THE PHILIPPINES and other oil importing countries will have a more diversified source of fuel as supply of refined petroleum products from Asia come onstream in the near term while a new wave of refineries in the Middle East starts producing by 2020, S&P Global Platts said.
— Business World

Tax reform named priority for next legislative session
TEN proposed bills — including tax reform and the emergency powers bill — have been identified as priorities by both houses of Congress and Malacañang after officials from the Senate Secretariat and the Presidential Legislative Liaison Office (PLLO) met on Tuesday.
— Business World

SL Agritech’s Davao hybrid project approved by BoI
THE Board of Investments (BoI) recently approved SL Agritech Corp.’s P450 million project producing hybrid rice seed and palay to farmers.
— Business World

Sugar regulator proposes import duty on corn-based sweetener
THE Sugar Regulatory Administration (SRA) is set to propose to the National Economic and Development Authority (NEDA) this week the imposition of an import duty for high fructose corn syrup (HFCS), the sweetener that has dampened industrial demand for refined sugar.
— Business World

PH, Myanmar strengthen food security cooperation
Philippines and Myanmar governments will strengthen bilateral economic relations, specifically on areas of trade and investment, agro-industry, food security and micro, small and medium enterprises (MSMEs).
— The Manila Times

PNP mulls tighter port security measures
The Philippine National Police (PNP) is eyeing stricter measures in various ports in Metro Manila and other provinces that have direct access to the metropolis.
— Manila Bulletin

Impeachment is a numbers game
Members of Congress led by Speaker Pantaleon Alvarez and Senate President Aquilino “Koko” Pimentel III commented after the filing of an impeachment complaint against President Duterte that it is baseless and it is, therefore, not expected to prosper.
— Manila Bulletin

Give junkies a chance – Tagle
“Give drug dependents a chance to change their lives.” This was the appeal made by Manila Archbishop Luis Antonio G. Cardinal Tagle on behalf of returning drug dependents.
— Manila Bulletin

 

Philippines Banking App Uses Daon Biometrics Tech for Authentication
Daon‘s mobile biometrics technology has found its way into a big new deployment in the Philippines. Union Bank of the Philippines is using the technology in a new banking app developed with digital commerce specialist EON.
— Find Biometrics

Watts Sponsors Water Filtration Tower at Elementary School in the Philippines on World Water Day
Watts Water Technologies, Inc. (NYSE: WTS) today announced its sponsorship of a water filtration system at the Pantay Elementary School in the village of Pantay Matanda, the Philippines, through the Planet Water Foundation’s Project 24.
— Business Wire (press release)

Air ambulance launched for remote Philippine areas
The Philippine government has launched an air ambulance service for patients requiring immediate medical attention in remote areas of the country.
— Gulf News

US selloff drags down share prices
Share prices plunged yesterday as investors tracked an overnight selloff in Wall Street, driven by concerns on the implementation of US President Donald Trump’s policies.
— Phil Star

Philippine mobile immigrant services coming in April
Appointments are now being taken for the Philippine Consulate mobile outreach on April 22 and 23.
— Maui News

Dagoy is new PSG commander
President Duterte’s senior military adviser, Army Col. Lope Dagoy, will become chief of the Presidential Security Group (PSG), replacing Brig. Gen. Rolando Bautista.
— Phil Star

 

 

Feature photo: Ericson Moredo

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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

Journalist at AEC News Today
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.
Stella-maris Ewudolu

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