Philippines Morning News For November 23

Philippines Morning News For November 23

Philippines morning newsPH internet becoming more affordable
The country’ mobile and fixed broadband services have become more affordable in recent years, according to the latest report released by the International Telecommunication Union (ITU).
Malaya

Smuggled agri products worth $217,000 confiscated in the Philippines
An estimated P11 million (US$217,251.87) worth of smuggled agricultural products were seized by the Bureau of Customs (BOC) in Cebu City last October.
Fresh Plaza 

Islamic State’s new frontline in the Philippines
The Philippine military is in hot pursuit of the Islamic State (IS)-aligned Bangsamoro Islamic Freedom Fighters (BIFF) amid concerns the militant group aims to launch an urban siege akin to the recent devastating assault on the city of Marawi.
Asia Times 

FDI pledges fall 70%; BOI needs P100B
The Board of Investments (BOI) needs P100 billion more investments – or an average of P50 billion per month – in the remaining two months of the year to hit its goal of P500 billion target for the year.
Malaya 

Philippines to extradite priest accused of abuse in U.S.
The Philippine government is preparing to extradite to the United States a recently arrested Filipino Catholic priest who faces charges of sexually molesting two boys in North Dakota churches in the 1990s, an official said Wednesday.
CBS News 

Youth unemployment to rise, ILO report says
Youth unemployment in the Philippines is expected to rise in the coming years despite government interventions, according to a new report from the International Labor Organization (ILO).
Manila Bulletin

Japanese, Korean firms want to invest in PH telco industry
Telecommunications company from Japan and South Korea are also interested to invest in Philippines’ third telecom service provider, this was revealed by Senator Bam Aquino.
Update Philippines 

PCC backs Duterte offer to China to end duopoly
The country’s competition body is backing President Duterte’s offer to China to break the duopoly in the telecommunications (telco) industry and liberate Filipinos from the burden of paying relatively high fees for slow Internet service.
BusinessMirror 

Preparing for Disaster in the Philippines
Four years have passed since Typhoon Yolanda (Typhoon Haiyan) devastated the people of the Visayas and reconstruction efforts are well underway for the communities ravaged by the super typhoon. Now is the time to study the lessons learnt from the response to Typhoon Yolanda, or the lack of response.
The Diplomat 

Japan-Philippines Defense Ties in the Spotlight with New Vessels
Earlier this week, the Philippine Coast Guard (PCG) commissioned three new vessels from Japan amid the commemoration of its anniversary.
The Diplomat 

Duterte hints at giving back to PNP anti-drug war
President Rodrigo Duterte yesterday hinted he may soon return the war on drugs campaign back to the Philippine National Police (PNP) from the Philippine Drug Enforcement Agency (PDEA).
Manila Bulletin 

Ex-Customs chief Faeldon, NBI cleared in P6.4-B drug shipment
Former Customs commissioner Nicanor Faeldon as well as other former and current government officials have been cleared for their involvement in the P6.4-billion shipment of illegal drugs last May while nine private persons were charged by the Department of Justice (DOJ) for their involvement in the same case.
Manila Bulletin 

Sabio appeals graft conviction over PCGG car lease deals
Former Presidential Commission on Good Government chairman Camilo Sabio has filed a petition at the Supreme Court challenged his graft conviction over allegedly anomalous car lease deals with a bank.
Philstar 

Sereno lawyers barred from impeach hearing
THE House of Representatives committee on justice yesterday barred Chief Justice Ma. Lourdes Sereno’s lawyers from representing her after she snubbed the hearing of the impeachment complaint filed by lawyer Larry Gadon.
Malaya 

Reforms to boost infra spending pushed
The Philippines needs to amend some laws and undertake reforms as it ramps up infrastructure spending to boost the economy.
Philippine News Agency 

Gov’t eyes price cap for construction materials in Marawi
Department of Trade and Industry (DTI) Secretary Ramon Lopez said the agency would identify price ceilings for particular construction materials in Marawi City and nearby areas to avoid overpricing in products needed for the rehabilitation.
Philippine News Agency 

Surging exports, domestic demand to bring GDP within target
Investment bank First Metro Investment Corp. (FMIC) and the University of Asia & the Pacific (UA&P) said a surge in Philippine exports in the fourth quarter of 2017 will bring the country’s Gross Domestic Product (GDP) growth within government goals for this year.
Philippine News Agency 

Morales mum on looming impeachment
Ombudsman Conchita Carpio-Morales remained unfazed amid the impending impeachment complaint to be filed against her by the Volunteers Against Crime and Corruption (VACC).
Philstar 

Gov’t cancels peace talks with CPP-NPA-NDF
The government will no longer hold peace talks with the communist rebels on orders of President Duterte, Presidential Adviser on the Peace Process Jesus Dureza announced yesterday.
Philstar 

Newly-activated Japanese aircraft to help PH identify threats
The newly-activated Japanese-donated Beechcraft King Air TC-90 will help the Philippine Fleet determine the exact capability needed to defeat a particular threat in the country’s waters, a Navy official said.
Update Philippines 

Associations tackle increasing role in society in Association Summit 5
More than 200 professional executives from local and global associations on Tuesday gathered at the Associations Summit 5 (AS5) co-presented by the Philippine Council of Associations and Association Executives (PCAAE) and the Tourism Promotions Board.
BusinessMirror 

Updated revenue estimate allays dilution fears for tax reform in the Senate
AMENDMENTS to the Senate’s tax reform bill — which had initially halved collections projected from the version approved by the House of Representatives last May — have raised forecast revenues that now top even the target of the Department of Finance (DoF), the head of the Senate Ways and Means committee said in a press release on Wednesday.
BusinessWorld

S&P says ‘impressive’ Q3 PHL growth to warrant forecast hike
S&P Global Ratings will likely increase its gross domestic product (GDP) growth forecast for the Philippines in the wake of the faster-than-expected expansion last quarter.
BusinessWorld 

 

Feature photo European Commission DG ECHO
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).

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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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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