Philippines Morning News For November 24

Philippines Morning News For November 24

Philippines morning newsPH to liberalize 8 sectors
In a bid to raise the Philippines’ level of competitiveness, Malacañang has directed the National Economic and Development Authority (NEDA) Board and its member-agencies to ease or lift some restrictions on investment activities that have limited foreign participation, Presidential Spokesman Harry Roque said the directive was contained in Memorandum Circular No. 16 signed November 21.
Malaya

Philippine leader gives order to start easing foreign business restrictions
Philippine President Rodrigo Duterte has instructed government agencies to scrap or start easing barriers that foreigners face in multiple business and employment sectors, part of moves to liberalize an economy long criticized as restrictive.
Reuters

Revolutionary ideas, yes; but not revolutionary govt
AFTER writing several successive columns on “revolutionary government,” I thought I had already said everything and need no longer say more, without making myself a pain in the anatomy of its fondest proponents.
The Manila Times 

More foreign funds leave Philippines in October
MORE FOREIGN FUNDS left the country in October — marking the biggest outflow in almost a year — led by net outflows from the Philippine Stock Exchange (PSE) and peso-denominated government securities, the central bank reported yesterday.
BusinessWorld 

PHL impact of US policy shifts, China slowdown seen ‘modest’
ADDITIONAL INCREASES in interest rates and any change in policy in the United States, as well as China’s slowing growth, can be expected to have “modest” impact on the Philippines compared to other Southeast Asian economies, and will likely be manifested in investments and cross-border lending, the International Monetary Fund (IMF) said.
BusinessWorld 

Duterte formally ends peace talks with communists
President Rodrigo Duterte has formally terminated the government’s peace negotiation with the communists, his spokesman announced on Thursday, November 23.
Rappler 

BMI: Chinese telco entry a ‘wake-up call’
Allowing a Chinese company to provide telecommunications services in the Philippines will benefit consumers but major hurdles remain before this can be realized, a Fitch Group unit said.
The Manila Times 

Philippines Could Regulate (Legalize) Bitcoin as a Security
After issuing regulations for the cryptocurrency industry earlier this year, Philippine authorities are considering further steps to expand the use of digital currencies like bitcoin in the country.
CryptoCoinsNews

Did the Philippines support the UN resolution on safety of journalists?
On November 20, the 72nd session of the third committee of the United Nations General Assembly (UNGA) adopted the resolution on the safety of journalists and the issue of impunity.
Philstar

Southeast Asia’s e-commerce champ gears for Philippine expansion
Southeast Asia-born logistics firm and e-commerce enabler, aCommerce, will put up next year a major warehouse in the Philippines that is five times the size of its existing ones amid bullish expectations for the online market, according to a top official
Philippine Daily Inquirer 

Duterte formally terminates peace talks with Reds
President Rodrigo Duterte formally terminated negotiations with communists Thursday, citing the rebels’ supposed failure to display sincerity to the peace process.
Philstar 

Government vows to resolve Maguindanao massacre in 4 years
After eight years and not a single conviction against the 197 suspects in the Maguindanao massacre that claimed the lives of 58 people including 32 media practitioners, the government said the case would be resolved in four years.
Philstar

Govt to ease restrictions on foreign investments
President Duterte has instructed his economic team to further liberalize certain investment areas, such as private recruitment and contracts for construction and public works, as part of efforts to bolster foreign participation in the country.
BusinessMirror 

Transport Usec Chavez resigns
Transportation Undersecretary for Rails Cesar Chavez tendered his irrevocable resignation on Thursday over the Metro Rail Transit-3 mess.
The Manila Times 

Strengthen laws on child protection, lawmakers urged
With the prevalence of issues troubling children like sexual abuse, exploitation and deprivation of basic services, children are calling on legislators to strengthen further the laws and policies ensuring their protection.
Philstar 

PH workers lack soft skills, study says
While the Philippines has achieved progress in raising the education level of its labor force, about one-third of employers report being unable to fill vacancies because of lack of applicants with requisite skills, a World Bank report showed.
Malaya 

Group warns of ‘rights disaster’ if cops return to drug war
Another human rights watchdog on Thursday warned that President Rodrigo Duterte’s plan to bring cops back to the government’s campaign against illegal drugs can mean more deaths and a “human rights disaster.”
Philstar 

PHL now in Dream Cruises program
THE Philippines is now included in the itinerary of Dream Cruises, a luxury cruise line for the Asian market created by Genting Cruise Lines, owner and operator of the Star Cruises.
BusinessMirror 

Duterte bringing PNP back to drug war
President Duterte is bringing the police back to the government’s war on illegal drugs because he is not satisfied with the accomplishments of the Philippine Drug Enforcement Agency (PDEA), Malacañang said yesterday.
Philstar

20 agencies onboard single window in H1
Around 20 government agencies are expected to go online under the Asean Single Window (ASW) platform by the first semester of 2018, a move seen to improve the ease of doing business in the country, the Department of Finance (DOF) said.
Malaya 

Industry group asks local officials to stop issuing blanket ban on fireworks
The domestic fireworks industry, which employs around 150,000 people, is asking local government units (LGUs) to refrain from imposing a blanket ban on firecrackers and pyrotechnics, stressing that there is no law or issuances totally prohibiting their use in celebrations.
BusinessMirror 

Duterte buying ‘new generation of firearms’
President Rodrigo Duterte said he has allocated some portion of budget for the acquisition of “new generation of firearms” for the soldiers of the Armed Forces of the Philippines (AFP).
Update Philippines 

Duterte eyes ’23 gunship helicopters’, ‘multiple rockets’
During his visit to Philippine Army’s Special Operations Command (SOCOM) in Fort Magsaysay in Nueva Ecija on November 22, President Duterte specifically mentioned the acquisition of “23 gunship helicopters” and “multiple rockets”.
Update Philippines 

Filipino workers need socioemotional skills
The government should integrate the development of socioemotional skills into the country’s educational and training framework to expand the employability of Filipino workers, the World Bank said in a new report.
The Manila Times 

 

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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