Philippines Morning News For March 9

Philippines Morning News For March 9

Welcome to the Philippines morning news roundup by AEC News Today, your one stop for Philippines news on matters of governance and policies affecting Asean business communities.

 

Philippines morning news

Philippine foreign secretary dumped over US citizenship
Philippine Foreign Secretary Perfecto Yasay was sacked on Wednesday after lawmakers ruled he lied to them over his American citizenship, ending an eight-month stint that ironically featured outbursts against the United States.
— The Nation

Financial regulators press anew for further easing of bank secrecy
FINANCIAL REGULATORS are batting again for the repeal of the bank secrecy law to deter investment scams and corruption, among others, and to make the country more attractive to foreign investors besides.
— BusinessWorld

Philippines to propose joint patrols vs. Abu Sayyaf, pirates
Defense and security officials plan to push for a multinational task force to end cross-border kidnappings by the Abu Sayyaf group.
— Philippine Star

Philippines aims for ‘golden age of infrastructure’
Desperately needed airports and trains are part of Philippine President Rodrigo Duterte’s envisioned “golden age of infrastructure”, but graft, red tape and other perennial problems threaten the $170-billion plan.
— Philippine Daily Inquirer

Alvarez warns execs blocking gov’t projects: We will impeach you
Speaker Pantaleon Alvarez on Wednesday warned that Congress will use its power to impeach officials who would issue temporary restraining orders (TRO) on government projects.
— Philippine Daily Inquirer

China commits $1 B agri imports from Phl
China has committed to significantly boost its imports from the Philippines as it seeks to buy $1 billion worth of local agriculture products following a recent meeting between the trade ministers of the two countries.
— Philippine Star

NFA mulls 800,000 MT rice imports
State-run National Food Authority (NFA) is mulling the importation of around 800,000 metric tons (MT) of rice via government-to-government scheme that will serve as the country’s buffer stock in preparation for the start of the lean months.
— Philippine Star

First rubber mfg plant to rise in Mindanao
The government and the private sector inked an agreement to put up the first-ever rubber manufacturing plant in the country.
— Philippine Star

BoC, BIR to hit 2017 revenue targets – DoF
The Department of Finance (DoF) is confident the government’s revenue-generating agencies will reach their collection targets this year, citing their performance in 2016 and the ongoing reforms to improve efficiency.
— Manila Times

Miti: Explore opportunities in the Philippines
The International Trade and Industry Ministry (Miti) has urged Malaysian corporations to explore new business avenues and collaborations with partners in the Philippines, a country currently undergoing rapid growth transformation.
— The Star

The iconic Philippines jeepney could be in trouble
Filipinos are fearful they may soon have to say goodbye to the iconic jeepneys millions of commuters ride every day.
— Quartz

Duterte appoints another Bedan to high court, CA Associate Justice Tijam
PRESIDENT Rodrigo R. Duterte on Wednesday appointed another San Beda Law alumnus to the Supreme Court (SC), as it welcomed Court of Appeals Associate Justice Noel G. Tijam to their bench.
— BusinessWorld

Over 400 Makati homes must move away from fault line
Makati residents whose houses sit on top of the West Valley Fault have two choices, according to the city government: They can either evacuate or stay at their own risk.
—Philippine Daily Inquirer

Aguirre spares Mighty—for now
THE Justice department has not arrested Mighty Corp. owner Alex Wongchuking for alleged tax evasion as ordered by President Rodrigo Duterte because no case has been filed against him, Justice Secretary Vitaliano Aguirre II said Wednesday.
— Manila Standard

 

 

Feature photo: Asian Development Bank

 

 

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

 

 

 

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Jose Rodriguez T. Señase
Jose Rodriguez T. Señase is a journalist who has more than ten years experience working for several publications in the Philippines and Republic of Palau. He has written extensively on social issues, environment, business, law, agriculture, culture, travel, sports, and politics. He is a former reporter for the Leyte Samar Daily Express in the Philippines and Palau Horizon, Tia Belau, and Island Times in Palau. He has attended training courses sponsored by the Palau Government and various United Nations agencies in the United States, Fiji, Palau, and Tonga.
Jose Rodriguez T. Señase

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