Foreign firms generating super-profits from PH telecom duopoly
IN my column of October 30, I showed that one major reason why we have such poor telecoms in this country is because PLDT and Globe Telecom – the two firms making up the duopoly here – have been so greedy.
— The Manila Times
Youth unemployment in PH to remain high
The youth unemployment rate in Southeast Asia and the Pacific is expected to show the second-largest increase worldwide, with the joblessness rate among the youth in the Philippines expected to increase, a report released by the International Labour Organization (ILO) said.
— Malaya
Surging growth draws focus from Philippines’ war on drugs
While human rights campaigners are keeping a grim body count of Filipinos killed during Rodrigo Duterte’s war on drugs, economic managers in the populist president’s government are trying to call the world’s attention to another number: surging GDP growth.
— The Financial Times
PH commended for disaster risk financing
The World Bank has commended the Philippines for being among the world’s advanced economies in terms of developing viable solutions for disaster risk financing, according to the Department of Finance (DOF).
— Malaya
No Sign Philippines Economy Overheating
The chief of the Bangko Sentral ng Pilipinas said the Philippine economy has not overheated yet, but if it does show signs of overheating, the central bank would be ready to step in.
— Financial Tribune
Philippines’ Duterte defends troops on looting in Marawi siege
Philippine President Rodrigo Duterte on Tuesday (Nov 21) rejected allegations by a rights group that troops engaged in looting during the bloody battle against Islamic State followers in the southern city of Marawi.
— Channel NewsAsia
Gov’t to probe Maute atrocities in Marawi
The government will conduct its own fact-finding investigation against the members of the Maute terrorist group for alleged war crimes and violations of the international humanitarian law.
— Manila Bulletin
Japanese investors eye Davao City as new manufacturing site
An official of the Department of Trade and Industry (DTI) said Japan is sending a delegation to look into the potentials of manufacturing in the city.
— Manila Bulletin
14 senators approve transfer to Global City
MAJORITY of senators voted to allot an initial P1.5-billion budget to construct a new “iconic” Senate building on a two-hectare Navy village in Fort Bonifacio in Taguig City.
— The Manila Times
PH, China ink deals on industrial parks, IP rights
The Department of Trade and Industry (DTI) and China’s Ministry of Commerce signed last week a memorandum of understanding (MOU) that aims to strengthen cooperation between Manila and Beijing in developing industrial parks.
— The Manila Times
Ind’l parks to strengthen China-PH eco ties
The Department of Trade and Industry (DTI) of the Philippines (PH) and the Ministry of Commerce (MOFCOM) of the People’s Republic of China (PROC) signed the MOU on joint cooperation on Industrial Parks Development, which would expand opportunities for bilateral trade and economic cooperation.
— Malaya
Duterte to issue EO adding teeth to fight vs biopirates
The government is now putting the finishing touches on an executive order (EO) that will guard the country’s genetic resources and ensure the Philippines will get its fair share in the commercial use of its biodiversity.
— BusinessMirror
9 Aquino Cabinet men face raps for MRT deals
THE Department of Transportation yesterday filed criminal complaints for plunder, graft, and violation of RA 9184 or the Government Procurement Reform Act against nine former Aquino Cabinet officials in connection with alleged irregularities in several maintenance and services contracts for the Metro Rail Transit-Line 3 (MRT 3).
— Malaya
Mental health bill gets House OK
An overwhelming majority of the 293-member House of Representatives approved on third and final reading yesterday a bill providing for a comprehensive national mental healthcare program and its integration in the country’s primary healthcare delivery system.
— Philstar
BSP has ready tools to prevent overheating of local economy
The Bangko Sentral ng Pilipinas (BSP) again moved to assuage fears over economic overheating, assuring the markets that it is ready to take action to avoid such a scenario.
— BusinessMirror
Peza investment pledges up nearly 90% in January-October
Investment pledges registered at the Philippine Economic Zone Authority (Peza) in January to October jumped by almost 90 percent to P203.18 billion, from last year’s P107.34 billion.
— BusinessMirror
Senators: Chinese telco that will end duopoly needs to secure congressional OK
Senators said the entry of a third telecommunications company from China, as suggested by President Duterte, will still need to undergo scrutiny by Congress when it applies for a franchise to operate in competition with the Smart and Globe duopoly.
— BusinessMirror
Duterte hails Marawi heroes for their sacrifices
President Rodrigo Duterte yesterday led the awarding of medals to 26 soldiers who were wounded in Marawi and in other encounters in various areas of the country.
— Manila Bulletin
Telcos and banks battle over Philippines cashless payments
Banks and telecom companies are taking advantage of Filipinos’ growing use of digital payments.
— Nikkei Asian Review
Duterte: Military getting 23 attack helicopters
President Rodrigo Duterte during his visit to wounded soldiers in Army General Hospital in Headquarters Philippine Army, Taguig City on November 21 vowed to provide all the needs of military including new armaments and 23 attack helicopters.
— Update Philippines
Duterte nixes idea of a revolutionary government
President Duterte yesterday called on the military to ignore talks about a revolutionary government even as he warned of arresting rebels who threaten national security.
— Philstar
Sereno to skip impeach hearing despite warnings from House
Chief Justice Ma. Lourdes Sereno is skipping today’s hearing on the impeachment complaint filed against her at the House of Representatives despite a warning from Speaker Pantaleon Alvarez that her lawyers will not be allowed to cross-examine witnesses.
— Philstar
Gov’t officials to defend drug war before SC next week
The Supreme Court on Tuesday summoned key officers of the government as it continues deliberations on the petitions against President Rodrigo Duterte’s bloody drug war.
— Philstar
Feature photo European Commission DG ECHO
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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.
Philippines Morning News For November 22 added by Leakhena Khat on
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