Philippines Morning News For April 30

Philippines Morning News For April 30

Philippines morning newsPhilippine suffers $300 M loss from garments exports
The Philippines has lost about $300 million worth of garments exports to its regional rivals over the past two years due to local factories’ failure to comply with certain social and ethical requirements.
— Philippine Star

PH, Singapore sign business deals worth $187-M
President Rodrigo Duterte on Saturday witnessed the signing of 10 business agreements worth $187 million between Philippine and Singaporean firms on the sidelines of the opening of the ASEAN Summit.
— ABS-CBN (video)

Thailand, Vietnam won’t sell rice at cheaper prices
After Thailand and Vietnam — the only countries with existing rice trade agreement with the Philippines — refused to sell their rice to the country at a cheaper price, the National Food Authority (NFA) is now all set to conduct another government-to-government (G2G) bidding with the two governments.
— Manila Bulletin

For the 5th year, PH excluded from latest USTR’s IPR watchlist
For the fifth year in a row, the Philippines is not on the US Trade Representative (USTR) Special 301 Report on Intellectual Property Rights (IPR), a watchlist that identifies US trading partners that they deemed deficient in IPR protection and enforcement.
— Manila Bulletin

Duterte calls on Filipino workers in Kuwait to come home
President Rodrigo Duterte called on Filipino workers in Kuwait to return to the Philippines amid the diplomatic row between the two countries.
— CNN Philippines

Priest shot dead during mass in Cagayan
A priest was killed while celebrating mass Sunday morning in Gattaran town in Cagayan.
— CNN Philippines

Duterte: OFW ban to Kuwait permanent
A diplomatic row between the Philippines and Kuwait turned for the worse on Sunday after President Rodrigo Duterte scrapped a deal on the humane treatment of overseas Filipino workers (OFWs) and declared the temporary ban on their deployment to the oil-rich Gulf state permanent.
— Philippine Daily Inquirer

PH launches maiden Halal Export Development and Promotion Roadmap
The government is set to unveil the comprehensive Philippine Halal Export Development and Promotion Strategic Road map as it holds the first-ever Philippine National Halal Conference on May 2 and 3 in Davao City.
— Manila Bulletin

Landbank offers Philippine Stock Exchange P472M for PDSHC stake
State-run Land Bank of the Philippines (Landbank) took another step to control the bond market with an offer to purchase the stake of the Philippine Stock Exchange (PSE) in Philippine Dealing System Holdings Corporation (PDSHC).
— Rappler

DPWH starts P2.2-billion infra, road works in Quirino
Some P2.2 billion worth of roads, bridges and multi-purpose building projects are now being implemented by the Department of Public Works and Highways in six towns of this province.
— Manila Standard

Inflation expected to top target anew
Inflation probably exceeded 4.0 percent again in April, breaching the government’s target range and further pressuring monetary authorities to finally hike key interest rates, analysts polled by The Manila Times said.
— The Manila Times

Vietnam renew its commitment to supply rice to Philippines
Vietnamese Prime Minister Nguyen Xuan Phuc and the President of Philippines Rodrigo Duterte held a bilateral meeting alongside the 32nd ASEAN Summit in Singapore on Friday.
— Devdiscourse

PH opens rice importation to all, scraps quota
The country could have an abundant supply of rice that will help bring down market prices, President Duterte said following his decision to remove the quota on rice importation.
— Manila Bulletin

Duterte backs removal of comfort woman statue
President Duterte yesterday defended the removal of the statue depicting a comfort woman along Roxas Boulevard in Manila amid protests from cause-oriented groups.
— Philippine Star

Government share from Malampaya to reach $10 billion by mid-2018
The Philippine government’s share from the Malampaya deepwater gas-to-power project is expected to reach $10 billion by mid-2018.
— Philippine Star

DPWH, Chinese firms sign contract for 2 Pasig River bridges
The Department of Public Works and Highways (DPWH) and two Chinese firms signed a contract on Friday, April 27, to implement two bridge projects along the Pasig River.
— Rappler

PCSO reports P15.98 billion revenue in 1st quarter of 2018
The Philippine Charity Sweepstakes Office (PCSO) earned a total revenue of P15.98 billion ($309.48 million) in the first quarter of 2018.
— Rappler

STI builds Legazpi school costing P391 M
STI Education Services Group, Inc. (STI ESG) has started the construction of STI Academic Center Legazpi where it will invest P391 million for top-of-the-line facilities and equipment.
— Manila Bulletin

NFA reopens tender for 250,000 MT rice
After a failed bidding last week, state-run National Food Authority (NFA) is reopening the tender for 250,000 metric tons (MT) of rice as the grain agency is still in need of an immediate replenishment of buffer stocks.
— Philippine Star

Happy-washing: how a ‘happiness campaign’ hurts disaster survivors
The Tacloban City Government has launched a marketing campaign branding the city as the “Home of the Happiest People in the World.”
— New Mandala

SunAsia gets go-signal to build solar power plant
THE ENERGY Regulatory Commission (ERC) has approved “with modification” the electricity supply agreement between Dagupan Electric Corp. and solar farm developer SunAsia Energy, Inc., which is planning to build a 20-megawatt peak (MWp) solar power plant in Pangasinan.
— BusinessWorld Online

App aims to help rice farmers cut costs
The Philippine Rice Research Institute (PhilRice) said it is developing an Android application (app) that would allow farmers to assess the nitrogen content of their crop and help them cut fertilizer costs.
— Business Mirror

 

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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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. Since 2010 she has worked as a freelance screen writer for ‘Nollywood’, Nigeria.

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