Philippines Morning News For May 2

Philippines Morning News For May 2

Philippines morning news

Philippines manufacturing PMI slows to 53.3 in April
The Nikkei Philippines Manufacturing Purchasing Managers’ Index, or PMI, fell to 53.3 in April from 53.8 in March.
— Nikkei Asian Review

GDP outlook turns more sanguine
PHILIPPINE economic growth in 2017 could sustain last year’s pace and then speed up to 7% by 2018, the United Nations’ (UN) regional development arm said yesterday as it raised its forecast on prospects the Duterte government will loosen its purse strings and as remittances continue to underpin consumption.
— BusinessWorld Online

Philippines opens wallet wide for public works
The Philippines is planning 3.6 trillion pesos ($71.8 billion) in infrastructure projects over three years in hopes of strengthening transportation systems and boosting growth.
— Nikkei Asian Review

Bato: ‘Secret jail’ illegal but was necessary
Philippine National Police Director General Ronald dela Rosa on Monday said that the so-called “secret jail cell” discovered by the Commission on Human Rights (CHR) at the Manila Police Sation 1 is illegal but cops only built it to decongest their regular cells and utilize available space.

Trump needs Duterte’s support to counter North Korea – White House
The White House on Sunday defended President Donald Trump’s decision to invite Philippine President Rodrigo Duterte to Washington, saying his cooperation is needed to counter North Korea, even as the administration faces human rights criticism for its overture to Manila.
— Manila Bulletin

Indonesia, Philippines pledge to launch sea patrols against extremists
The Palace said the bilateral meeting between Duterte and Widodo will be an opportunity for the two leaders to continue discussions started during the President’s state visit to Indonesia in September 2016.
— Normangee Star

BOI gives perks to P920-M Taguig cold storage project
The Board of Investments (BOI) has approved the proposal of One Stop Warehousing Solutions Inc. (OWSI) to put up a P920-million cold storage and blast freezing facility in Taguig City.
— The Philippine Star

Palawan, Chinese agri firm eye $50M greenhouse project
The province of Palawan and a Chinese agricultural company based here are discussing a possible $50-million (roughly P2.5 billion) agriculture development project that involves growing plants in an environmentally-controlled area called greenhouse.
— Manila Bulletin

Peso may return to P50:$1 level ahead of Fed, US economic data
THE PESO may go back to the P50-per-dollar level this week to kick off this month’s trades, with likely strong data on US employment expected to bolster bets of a Federal Reserve interest rate hike sooner rather than later.
— BusinessWorld Online

Oil prices rolled back today
Oil prices were reduced this week as international prices registered declines in the past trading period on continued worries over a global supply glut.
— The Philippine Star

Developer taps Indonesian equity firm for tech, sport centers in PH
Century Properties Group Inc. has inked a partnership with Indonesian Bakrie Global Ventura for the development of a number real estate projects in the country.
— Malaya

Overcoming ‘difficulty,’ Robredo pays P8M for poll protest
Vice President Maria Leonor “Leni” Robredo on Tuesday paid the initial P8 million of the P15.44 million required by the Presidential Electoral Tribunal (PET) for her counter protest against former senator Ferdinand “Bongbong” Marcos.

Alarm sounds over Manila’s ‘secret jail’
Church leaders in the Philippines have voiced alarm following the discovery of a “secret jail” for suspected drug dealers in a Manila police station last week.
— UCA News

Duterte hesitant on US visit, warm on China
President Rodrigo Duterte said Monday he may turn down an invitation by Donald Trump to visit the United States, as he welcomed three Chinese warships to his home town.
— The Philippine Star

Rody open to military exercises with China in Sulu Sea
President Duterte is open to holding joint military drills with China as the administration seeks closer ties with Beijing despite conflicting maritime claims in the South China Sea.
— The Philippine Star

Alfamart to open 120 Philippine branches this year
SM INVESTMENTS Corp. is expanding its mini-mart venture with Alfamart this year as part of the broader expansion of its retail business.
— BusinessWorld Online

Inflation bets point to still steady monetary tack
INFLATION likely inched upward in April to sustain an uptrend for a sixth straight month, analysts said in BusinessWorld poll, but still leaves some room for the central bank to keep rates steady.
— BusinessWorld Online

Registered voters told to claim their Comelec IDs now
Now that the voters’ registration period is over, the Commission on Elections is urging voters to claim their voters’ identification cards from their local election officers.

De Lima wants to join Senate proceedings from her cell
Even the prison walls won’t cow the most vocal critic of President Duterte into submission.

Duterte asks labor groups to draft EO vs contractualization
President Rodrigo Duterte on Labor Day asked workers’ groups for a little more time to deliver on his promise to end contractualization in the country.

PH sustains good record in USTR watch list for 4 yrs
The Philippines was able to sustain its good record in United States’ intellectual property rights (IPR) watch list for four consecutive years.
— The Manila Times

Philippines to tap AIIB for 2 more projects
The Philippines will tap the China-led Asian Infrastructure Investment Bank (AIIB) for help to co-finance two more government flagship projects—a dam for reliable water supply for Metro Manila and a railway linking the capital city to Albay—the Department of Finance (DoF) said.
— The Manila Times

PH to adopt ILO Convention 151: Duterte
President Rodrigo Duterte declared he will adopt the International Labor Organization (ILO) Convention 151, or the Labor Relations (Public Service) Convention, that provides for protection of the public workers’ right to organize and procedures for determining conditions of employment.
— Manila Bulletin


Feature photo Brian Evans
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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. 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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