Philippines Morning News For October 30

Philippines Morning News For October 30

Philippines morning newsData-privacy law to boost PHL cybersecurity sector
THE Data Privacy Act of 2012 would generate increase in the demand for information security, information-technology (IT) security experts observed.
BusinessMirror 

Philippines could soon lose GSP+ privilege with EU if nothing done
President Rodrigo Duterte has repeatedly pushed back against the European Union, as he defended his war on drugs from international criticism.
Fresh Plaza

Calabarzon targets 20% hike in 2017 tourist arrivals
The Department of Tourism Region IV-A expects at least 15 to 20 percent increase in tourist arrivals to Calabarzon by the end of the year.
Philippine News Agency 

New group vows fight vs fascism
A new opposition coalition on Sunday vowed to resist and oppose all efforts of the Duterte administration to enforce authoritarian rule.
The Manila Times 

Govt seeks US perks for bags and shoes
The Philippine government wants shoes and bags to be included in the list of export products with zero tariff rates under the US Generalized System of Preferences Plus.
Manila Standard

Central bank tightens liquidity watch
THE CENTRAL BANK will impose tighter liquidity management rules on banks to include monitoring of foreign currency exposure and cash positions across intraday and intragroup transactions.
BusinessWorld 

Government hikes Nov.-Dec. borrowing plan to tap demand
THE GOVERNMENT has increased its borrowing program for the remaining two months of the year as it looks to take advantage of excess liquidity, according to the Bureau of the Treasury yesterday.
BusinessWorld 

Banana exporters ask gov’t to improve access to key markets
Banana exporters said the government must help improve access to key markets in the Asia Pacific, adding that the industry’s survival may depend on it.
BusinessWorld 

IATA warns against airport privatization
Although there is an urgent need to put up a new international gateway in the country, the International Air Transport Association (IATA) warned the government to be cautious in privatizing airports which may increase taxes in the aviation sector that will result to costly airfare.
Malaya 

Duterte going after rich who don’t pay right taxes
President Duterte is determined to run after the country’s entrenched elites who amass wealth without paying the proper taxes.
Manila Bulletin 

Philippine foreign policy needs bodyguards of lies
During World War II, Winston Churchill said: “In wartime, truth is so precious that she should be attended by a bodyguard of lies.” He made this statement prior to the allied assault in Normandy.
The Nation 

PH seeks lifting of Japanese tariffs on PH fruit exports
The Philippines will ask Japan to lift tariffs on its fruit exports, as part of the discussion between President Duterte and Japanese Prime Minister Shinzo Abe.
Philippine Daily Inquirer 

Japanese aid at risk, can DU30 save it?
PRESIDENT Rodrigo Duterte stands to gain a lot of international goodwill from the 17 other world leaders who will be attending the 12th East Asia Summit in Angeles City on November 13 to 14, if he plays his cards right, but he will have to work very hard to translate such goodwill into real international support, if it is true that he intends, as highly informed Cabinet sources claim, to establish a revolutionary government sometime after the summit.
The Manila Times 

54% believe drug war kills only poor – SWS
Half of adult Filipinos believe only the poor are killed in the administration’s anti-drug campaign, results of the latest Social Weather Stations (SWS) survey revealed.
Philstar 

#NotForSale: The billion-peso cyber-pedophilia industry
WITH the advent of information communications technology (ICT), children are now easy prey to predators in the borderless sex trade that is continuously expanding via the World Wide Web, thereby necessitating a multisectoral cooperation to resolve this social menace, revealed the study commissioned by Plan International Philippines (PIP).
BusinessMirror 

Why our telecoms will never be world-class with this kind of telco owners
Reason 1: Their uncontrolled avarice
THE two companies monopolizing our telecommunications industry were taking us for fools when they recently claimed, trying desperately to counter Chinese billionaire Jack Ma’s pointed criticism that their internet service was lousy, that it is government regulations and red-tape that have hindered their efforts to improve their services.
The Manila Times 

Japan donates 5 aircraft to Philippines
The Japanese government has decided to officially donate the two currently being leased and three upcoming TC-90 aircraft to the Philippine Navy.
Update Philippines 

PH to host premier regional business, investment summit
THE Philippines will host next moth a premier annual business summit that will focus on investment opportunities, global issues and key strategic directions for the Association of Southeast Asian Nations (Asean).
The Manila Times 

Grab transport working on solution to protect drivers vs criminals
A TRANSPORT network company (TNC) has taken steps to ensure the safety of its drivers after one of them lost his vehicle and his life to unidentified car thieves.
The Manila Times 

Marawi evacuees rerturn to site of first battle
Thousands of residents of Barangay Basak Malutlut where the bloody siege of Marawi began on May 23 have returned to their homes after being forced out by the fighting between government forces and Islamic militants for five months.
Philstar 

TrueMoney now has 1M customers in PH
TrueMoney Philippines recently achieved one of their biggest milestones to date. In less than a year of operations in the country, the company already reached its 1 million transacting customer mark. TrueMoney is a Fintech brand of Ascend Money, a digital finance venture of the C.P. Group from Thailand, one of the largest diversified conglomerates in Asia, and Ant Financial (Alipay), the payments arm of e-commerce giant Alibaba Group.
Manila Bulletin 

Max’s Group eyes more stores in Mindanao
Listed casual dining chain operator Max’s Group Inc. (MGI) plans to open more stores in Mindanao following the end of Marawi conflict, as it seeks further expansion opportunities here and abroad.
Philippine News Agency 

PH urged to address airport infrastructure deficiencies
The Philippine government should address airport infrastructure deficiencies in Manila, abandon proposals for increased aviation taxes and adopt smarter regulation, according to International Air Transport Association (IATA) Director General and CEO Alexandre de Juniac during Friday’s Philippine Aviation Day conference at the Shangri-La Makati.
Manila Bulletin 

Gov’t on alert vs lightning strikes during Asean summit
Authorities securing the Association of Southeast Asian Nations (ASEAN) have been alerted against possible “lightning strikes” by militant groups along the routes of leaders and delegates attending the summit next month.
Philstar 

Church group urges Duterte to stop killings
Eddie Villanueva, founder of the Jesus Is Lord Church, has joined calls against extrajudicial killings in the Duterte administration’s war on drugs.
Philstar 

4 OTHERS ALSO IN FOCUS; DOF keeps eye on rice smuggling
Carlos Dominguez III, finance secretary, has ordered the Bureaus of Customs (BOC) and of Internal Revenue (BIR) to train their sights on the smuggling of rice and four other commodities as they iron out a plan to create a joint task force to run after big-time smugglers.
Malaya 

Financial literacy vital for teachers: Briones
Department of Education (DepEd) Secretary Leonor Briones said financial literacy is crucial for teachers, especially because the teachers’ debt has been increasing.
Philippine News Agency 

PH mulls sale of Samurai, Panda bonds next year
The government financial managers are now seriously considering the issuance of Samurai bonds next year while the government firms up the sale of Panda debt notes in China, the Department of Finance (DOF) said.
Manila Bulletin 

PH-China oil venture legal – maritime expert
The proposed joint oil exploration between the Philippines and China in Palawan that is now awaiting President Duterte’s signature is within the bounds of law since it cannot be classified as a joint development (JD), an academic and maritime expert said.
Manila Bulletin 

Philippines’ Duterte says to deal with Trump in ‘most righteous way’
Philippine President Rodrigo Duterte said on Sunday he would deal with U.S. President Donald Trump “in the most righteous way” when they meet next month to discuss regional security and Manila’s war on drugs.
Reuters 

Only 22% of adults in Southeast Asia have full-time jobs–Gallup
Less than a third of working adults in Southeast Asia, which includes the Philippines, are employed full time, according to United States-based research firm Gallup Inc.
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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