Philippines Morning News For May 22

Philippines Morning News For May 22

Philippines morning news

NUJP slams gov’t news agency for uploading ‘fake news’
The National Union of Journalists of the Philippines (NUJP) on Monday criticized the government-run Philippine News Agency (PNA) for posting “fake news” that claims 95 out of 105 nations agree there were no extrajudicial killings (EJK) in the Philippines.

Philippines’ debt-to-GDP ratio to go down to 35%
As the Duterte administration pivots to neighbouring economic giants such as China and Japan that offer financing for infrastructure projects, the share of foreign borrowings may exceed the government’s medium-term programme and reach 30% of the total, said the Philippines’ chief economist said.
– The Star Online

Real estate exposure of Phl banks dips below 20%
The real estate exposure of Philippine banks finally eased below 20 percent in the first quarter as housing prices remained steady amid sustained demand, data from the Bangko Sentral ng Pilipinas (BSP) showed.
– The Philippine Star

Real estate Q1 loans swell 21% to P1.3T
LENDING by big banks to the real estate sector rose by double-digit rates in the first quarter of 2017 from a year earlier, mostly to fund commercial land development projects, central bank data showed over the weekend.
– The Manila Times

In blow for US, Philippine leader Duterte heads to Russia to meet his ‘favourite hero’ Putin
Philippine President Rodrigo Duterte flies to Russia on Monday to meet his hero, seek arms and steer his nation’s foreign policy course further away from longtime ally the United States.
– South China Morning Post/ AFP

Philippine minister starts damage control after Duterte’s China war remark FEATURED
Talks last week between leaders of China and the Philippines were frank and friendly, with no threats or bullying, Manila’s foreign minister said on Monday, after his president said he was warned of war if he drills for oil in the South China Sea.
– Philippine News

Up to 300 businessmen to join President Duterte in Russia
Some 200 to 300 businessmen based in the Philippines will be joining President Rodrigo Duterte in his visit to Russia this week, Trade Secretary Ramon Lopez said. – See more at:
– Northbound Philippines News Online

Market to watch IPO take-up
SHARE prices are likely to trade sideways this week as investors settle their accounts ahead of two initial public offerings (IPOs) after this week.
– The Manila Times

Benham Rise now Philippine Rise
The Benham Rise, the 24-million hectare undersea area located east off Aurora province, has been renamed the “Philippine Rise” to assert the country’s ownership of the controversial territory.
– Manila Bulletin

Palace assures Philippines not giving up on sea claims
MALACAÑANG reiterated Monday that the Philippines is not giving up its claim of sovereignty over certain islands in the West Philippine Sea.
– SunStar

Duterte to boost defense cooperation in visit to Russia
The Philippines is seeking to boost defense and security cooperation with Russia during President Duterte’s visit to Moscow this week.
– Manila Bulletin

PH considers turning DBP into an infra bank
The Department of Finance (DoF) is looking at the possibility of repurposing state-owned Development Bank of the Philippines (DBP) to an infrastructure bank in support of the Duterte administration’s ambitious infrastructure program.
– The Manila Times


Feature photo Brian Evans
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).


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