Philippines Morning News For October 12

Philippines Morning News For October 12

Philippines morning newsDuterte foreign trips reaped $59.3 billion in economic gains: finance chief
President Rodrigo Duterte’s foreign visits have resulted in $59.3 billion in economic gains, Finance Secretary Carlos Dominguez said Wednesday, after an opposition lawmaker raised concern over a decline in foreign investments.
ABS-CBN 

Smart to double LTE capacity in two cities
The Philippines’ Smart Communications plans to upgrade its cell sites in Marikina and Quezon City in the latest phase of its network expansion and modernization program.
TelecomAsia 

Supreme Court urged to stop war on drugs
ALLEGED victims of the Duterte administration’s war against illegal drugs went to the Supreme Court (SC) on Wednesday to appeal for a stop to the bloody campaign.
The Manila Times 

‘Win the hearts of the people’ to prevent extremism, govt urged
THE government is trying its best to balance its act to end the Marawi crisis without opening new avenues for a protracted war between the military and the Islamic State-linked Maute group, Maj. Gen. Restituto Padilla, Armed Forces of the Philippines (AFP) spokesman, said.
The Manila Times

Government defers rollout of new cigarette tax stamps
The government has postponed until next year the release of the newly designed internal revenue tax stamps for cigarette products as it is still working on enhancing its security features, according to the Department of Finance (DOF).
Philstar 

Middle East retailer entering Philippine market
Middle East retail giant LuLu is set to make its foray into the Philippine market, seeking to enter the very competitive mall and supermarket landscape, and make the country its sourcing hub in the region.
Philstar 

Microsoft rolls out Kaizala chat app in PH
TECHNOLOGY firm Microsoft has launched its mobile messaging application Kaizala, which is designed to provide secure group communications particularly within large businesses and organizations, in the Philippines.
The Manila Times 

PHL has highest incidence of part-time work in Asean
The Philippines has the highest percentage of part-time workers in Asean, again putting a spotlight on the need to improve labor rights and security in the country, just like the campaign promise of President Duterte to end contractualization, according to the International Labour Organization (ILO).
BusinessMirror 

Rodrigo Duterte pulls Philippine police out of brutal war on drugs
The Philippine president, Rodrigo Duterte, has ordered police to halt activities in his deadly war on drugs and leave all operations to the drug enforcement agency amid unprecedented scrutiny of police conduct.
The Guardian 

Despite sustained growth, PHL still lacks basics to hit upper middle-income status
Despite the country’s sustained growth of over 6 percent that made it a regional outlier for several years now, reaching upper middle-income status still requires the basics, such as efficient public transportation and better quality of education, according to an economist from the Asian Development Bank (ADB).
BusinessMirror 

Econ managers still upbeat on investments
Foreign investors remain optimistic about the Philippines despite a continued slump in net inflows, economic managers said.
The Manila Times 

Skytrain monorail proposed by AGI
ANDREW Tan-led conglomerate Alliance Global Group, Inc. (AGI) is diversifying into infrastructure and has submitted an unsolicited proposal for a monorail expected to reduce traffic congestion in Metro Manila.
The Manila Times 

Serious misgivings about new Philippine environment chief
Various environmental and church groups in the Philippines are protesting the appointment of former military man Roy Cimatu as head of the country’s environment department.
Ucanews 

Church official condemns strip search in Philippine prison
The head of the prison ministry of the Philippine bishops complained of the “dehumanizing” treatment visitors to the country’s national penitentiary undergo.
Ucanews 

Duterte tax reform spells stimulus for retailers
MAU Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo R. Duterte’s tax reform plan that aims to return to consumers P860 billion ($17 billion) over five years.
BusinessWorld 

Consumer picks lure investment firms
PRIVATE EQUITY firms still consider the Philippines a preferred destination in Asia despite a backdrop of declining foreign direct investment (FDI) flows, but opportunities for potential asset acquisitions are hard to come by as cash-rich families dominate deals.
BusinessWorld 

Tan’s AGI wants to build monorail from Fort to MRT
ALLIANCE GLOBAL Group, Inc.’s (AGI) latest push for diversification will be into the infrastructure sector, starting with the submission of an unsolicited proposal for a two-kilometer monorail project connecting Fort Bonifacio to the Metro Rail Transit Line 3 (MRT-3).
BusinessWorld 

Military service a force for division in Singapore
The government will gain in almost P40 billion in additional revenues yearly from the “sin” tax on tobacco products, a Cabinet official said, following the sale of cigarette maker Mighty Corp. to Japan Tobacco International (JTI).
The Manila Times 

House impeaches Bautista
JUAN Andres Bautista became the first chairman of the Commission on Elections (Comelec) to be impeached, just hours after he announced his resignation amid scandal caused by a marital dispute.
The Manila Times

Feed millers urged to cut wheat, corn imports
The Department of Agriculture (DA) is urging feed millers to reduce their purchases of imported feed wheat and corn so farmers would be encouraged to plant more corn.
— BusinessMirror  

Security prep in full swing for ASEAN meeting in Clark
Security preparations are now in full swing for the forthcoming ASEAN Defense Ministers Meeting and ADMM-Plus set to be held on October 23-24 in Clark, Pampanga.
Philippine News Agency

Retail competition should benefit consumers: DOE
The Department of Energy (DOE) seeks to establish an industry where power retailers and consumers should be able to compete fairly under the retail competition and open access (RCOA) system.
Philippine News Agency

Forbes writer cites Duterte factor in PH econ
A contributor of Forbes magazine cited the latest run-up of the Philippine Stock Exchange index (PSEi), saying markets have noted the strength of the domestic economy.
Philippine News Agency 

Expanding the bounty of OFW remittances
Chief Mate William Gaspay’s commercial ship and his nine-month contract dock annually. But his three-year-old venture, WilNor Seaweed Farm, hasn’t docked yet.
BusinessMirror 

Free irrigation program seen benefiting more small farmers
The expansion of the proposed debt condonation and exemption for irrigation service fees (ISFs) would cover more small farmers, Sen. Sherwin T. Gatchalian said on Tuesday.
BusinessMirror 

France hits bid to revive death penalty in PH
France voiced its concern about the Duterte administration’s proposal to reintroduce the death penalty in the Philippines, as the European country joined the observance of the 15th World Day Against the Death Penalty.
Rappler 

Russia to give Philippines 5,000 Kalashnikov rifles
Russia vowed to donate 5,000 Kalashnikov rifles to the Philippines to help in the Southeast Asian country’s anti-terror efforts, the Philippine government said on Wednesday, October 11.
Rappler 

PH officials laud new UAE law protecting household workers
As the number of runaway Filipino household service workers (HSWs) in need of repatriation continues to rise, leaders of the Philippine diplomatic mission in the United Arab Emirates (UAE) expressed gratitude to President Sheikh Khalifa bin Zayed Al Nahyan for signing a statute upholding the workers’ rights and protecting them from human traffickers.
Rappler

Cebu Pacific urges ‘extra precaution’ with online travel agents
Cebu Pacific on Wednesday asked the public to take “extra precaution” when booking flights through online agents such as Skiddoo and Traveloka.
ABS-CBN 

 

Feature photo Bernard Spragg. NZ
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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