Welcome to the Philippines morning news roundup by AEC News Today, your one stop for Philippines news on matters of governance and policies affecting Asean business communities.
Transport groups hold nationwide transport strike to protest government’s PUV modernization programt’
For the second time this month, jeepney operators and drivers hold a nationwide transport strike and commuters are feeling the crunch.
— CNN Philippines
Tax reform seen to push PSEi beyond 8,000
Enacting the tax reform program this year is the key catalyst that would bring the Philippines to a new economic “supercycle” that could lift the main stock barometer beyond the 8,000, the chief of BPI Securities said.
— Philippine Daily Inquirer
Phl to survive external shocks – IMF
Multilateral lender International Monetary Fund (IMF) is confident the Philippine economy will continue to perform strongly as the country is expected to remain resilient despite external shocks this year.
— Philippine Star
Gov’t releases 96% of P3 T budget to state agencies
The government released 95.9 percent of its P3.001 trillion budget to state agencies in 2016, the Department of Budget and Management (DBM) reported over the weekend.
— Philippine Star
Cayetano calls on the government to relaunch the war on drugs
Before a large crowd of President Rodrigo Duterte’s supporters in Rizal Park on Saturday night, Senator Alan Peter Cayetano called on the chief executive and the Philippine National Police (PNP) to relaunch the campaign against illegal drugs.
— GMA News Online
Aguirre: Korean embassy OK with ‘mafia’ probe
JUSTICE Secretary Vitaliano Aguirre 2nd on Sunday said he had “cleared the air” with the Korean embassy, with Seoul’s ambassador to Manila agreeing to a probe into the alleged hand of a Korean mafia in the death of businessman Jee Ick Joo last October.
— Manila Times
Manila’s meth dealers back on streets as cops pull back
PHILIPPINE President Rodrigo R. Duterte’s war on drugs had until three weeks ago driven the trade in crystal methamphetamine underground, according to residents and drug users in some of the slum areas of the nation’s capital city.
As Asean chair, Philippines faces dilemma over what agenda to push
After taking over the chairmanship of the Association of Southeast Asian Nations (Asean) this year, the Philippines has again found itself at the centre of regional politics.
— South China Morning Post
Philippines should adhere to UNCLOS – Del Rosario
The Philippines must be firm in adhering to the United Nations Convention on the Law of the Sea (UNCLOS) and the ruling handed down by an arbitral tribunal, which invalidated China’s claim to the South China Sea, former foreign affairs secretary Albert del Rosario said over the weekend.
— Philippine Star
Harnessing innate Filipino hospitality to build a dynamic Philippines hotel brand
Set to expand in the next three years in various Philippine locations, the Ayala Hotels and Resorts Corp. hospitality brand Seda is counting on innate Filipino hospitality and international levels of service efficiency to maintain its overall guest satisfaction rating of 90 percent that it currently enjoys.
Philippines says will not get distracted by a threat from Abu Sayyaf militants to behead a German hostage
Philippine troops will not get distracted by a threat from Abu Sayyaf militants to behead a German hostage if a ransom was not paid by Sunday and will press assaults to crush the brutal group, military officials said.
— Gulf News
Save, not spend: Parents want ‘Gen Z’ kids to be money-smart
MAJORITY of Filipino parents are concerned about the financial future of their children, particularly their ability to save and manage money, according to a new study commissioned by Turner Broadcasting System Asia Pacific.
Feature photo: Jose Rodriguez T. Señase
The Philippines morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.