Philippines morning news for August 16

Philippines morning news for August 16

Philippines morning newsDavao-based state university to launch P4.8-M data center
The state-run University of Southeastern Philippines (USEP) announced on Tuesday it is set to launch a data center project with a funding cost of PHP4.89 million.
— Philippine News Agency

There will be a new 2019 budget – House
Malacañang and the House of Representatives are finally on the same page insofar as the 2019 budget scheme is concerned.
— CNN Philippines

COA: PEZA, 3 other economic zones must pay back P664 million in illegal perks
The Commission on Audit demanded top-level agency officials with “approving and certifying” authority in the Philippine Economic Zone Authority (PEZA), Baguio City Economic Zone (BCEZ), Cavite Economic Zone (CEZ), and the Mactan Economic Zone (MEZ), to refund P664,365,000 in illegal allowances, bonuses, and cash benefits paid to officials and employees of the zones.
— Rappler

GOCC dividends at P32.03B in Jan.-July, exceeding P27.3B in 2017
GOVERNMENT-OWNED and Controlled Corporations (GOCCs) have remitted a total of P32.03 billion this year to the National Government, the Department of Finance said in a briefer on Wednesday, Aug. 15, marking 2018 GOCC Day.
— BusinessWorld Online

Philippine remittances fell by 4.9 pct in June 2018
Personal remittances from Overseas Filipinos (OFs) fell by 4.9 percent to 2.615 billion U.S. dollars in June, the Philippine central bank said on Wednesday.
— Xinhua

Asian Games 2018: P5 M for gold medalist
A gold medalist in the Indonesia Asian Games stands to receive a whopping P5 million after the Siklab Atleta Pilipinas Sports Foundation dangled P1 million to go with the P2-million incentive from the government and another P2 million from the Philippine Olympic Committee (POC).
— Manila Bulletin

GSIS earmarks P2 billion loans for recent typhoon victims
State-run Government Service Insurance System (GSIS) has earmarked more than P2 billion for emergency loans to active members and old-age pensioners who are victims of tropical storms Henry, Inday and Josie as well as Typhoon Vinta.
— The Philippine Star

PH to import 17K MT of galunggong
Emmanuel Piñol, secretary of the Department of Agriculture (DA), has signed the certificate of necessity that would authorize the importation of up 17,000 metric tons of roundscad (galunggong) to be sold in wet markets.
— Malaya

Villar pushes for P10-billion rice farmers’ subsidy
Senate agriculture and food committee chairperson Cynthia Villar is pushing for a P10-billion subsidy for local rice farmers along with the proposal to lift import quotas and slap tariffs on rice imports.
— Rappler

US, UK warn of kidnapping threat in Philippines
The American and British embassies in Manila warned their citizens Tuesday about kidnapping threats in Palawan province, citing information from local authorities.
— Brinkwire (media release)

Beijing should ‘temper’ its behavior in the South China Sea, Duterte says
Philippines President Rodrigo Duterte has called for the Chinese government to tone down its behavior in the South China Sea, warning ongoing tensions could spark an accidental conflict.
— CNN Philippines (video)

Crackdown on vs iIllegal broadcast stations
The Kapisanan ng mga Brodkaster ng Pilipinas (KBP) and the National Telecommunications Communication (NTC) are tying up anew in cracking down illegal broadcast stations for fear these would be used for campaigning in the 2019 elections.
— Malaya

Economic team seen to fast-track approval of Japan loan for MRT 3 rehab
To fast-track the planned rehabilitation of the dilapidated Metro Rail Transit (MRT) Line 3, economic managers will meet today to discuss and possibly green-light the up to 38.1-billion yen (about P18.3 billion) loan offered by Japan for the project.
— Philippine Daily Inquirer

China’s e-commerce knowhow helps Filipinos go cash-free
In just a few clicks on her smartphone, Jeanalyn Barata paid her electricity, water and internet bills this month through a mobile wallet app called GCash.
— Xinhua/ Ecns.cn

Banco Filipino loses Supreme Court bid for P25-B financial aid
The Supreme Court (SC) denied the petition of the now-defunct Banco Filipino to compel the Bangko Sentral ng Pilipinas (BSP) to process and grant its application for an income enhancement loan worth P25 billion.
— Rappler

DA gets lower budget of P10 B for farm-to-market road projects
Despite its own perceived improvement in the way it spends its yearly budget, the Department of Agriculture (DA) still failed to convince the Department of Budget and Management (DBM) of its capacity to fully utilize its funds.
— Manila Bulletin

Rice, corn output lower in Q2 – PSA
THE Philippines’ rice and corn production likely dropped in the second quarter of 2018 because fewer fields were planted with the crops, the Philippine Statistics Authority (PSA) said on Wednesday.
— The Manila Times

PAL’s 2nd new A350 for non-stop, long-haul flights arrives
Philippine Airlines’ (PAL) second of six Airbus A350 orders arrived in Manila on Wednesday, less than a month after the flag carrier rolled-out its first Airbus A350 last July 17.
— Philippine News Agency

Smart, Ericsson join to deploy 5G in PH
Smart Communications, Inc. (Smart) and Ericsson have signed a Memorandum of Understanding (MoU) to deploy the country’s first 5G pilot network by the first half of 2019.
— Manila Bulletin

Dominguez sees economy growing faster in second half
Finance Secretary Carlos Dominguez III, the head of the economic team, said Wednesday the economy will strongly recover in the second half, after growing 6.3 percent in the first semester, or below the official target range of 7 percent to 8 percent.
— Manilastandard.net

PAL asks SEC to approve equity restructuring
PAL HOLDINGS, Inc. said it sought Securities and Exchange Commission’s (SEC) approval of a new equity restructuring plan.
— BusinessWorld Online

Chelsea to assume ‘bigger role’ in moving Philippine economy with expanded fleet
SHIPPING and logistics company Chelsea Logistics Holdings Corp. (CLC) is “harnessing” the opportunities trade growth brings within and outside the Philippines, vowing to have a “bigger role in moving the economy” with its expanded fleet.
— Business Mirror

Russians set on importing Guimaras mangoes from Philippines
A leading Moscow-based company known for importing food products from Southeast Asia, Japan and China has expressed strong interest to promote Philippine products to the Russian market.
— Fresh Plaza

ASEAN anti-smoking campaign to highlight Iloilo City practices
Iloilo City’s best anti-smoking practices will be highlighted in the health communication campaign of the Vital Strategies, formerly World Lung Foundation, a non-governmental organization helping the city government here in its anti-smoking initiatives.
— Philippine News Agency

Reduced budgets for social services, enterprises assailed
Whether it’s cash-based or obligation-based, the Makabayan bloc of party-list congressmen in the House of Representatives is rejecting President Rodrigo Duterte’s P3.76-trillion budget for 2019 because of the huge cuts in the appropriations for social services and productive enterprises.
— Philippine Daily Inquirer

Term deposits hit record yields
The yields of term deposits breached four percent to hit record levels after the Bangko Sentral ng Pilipinas (BSP) delivered the biggest rate hike in 10 years to control rising inflationary pressures.
— The Philippine Star

DILG to probe funding for ‘ghost villages’
THE Department of the Interior and Local Government will investigate the alleged anomalous payment by the city government of Manila of real property tax shares totaling P108.733 million to 27 non-existent barangay (villages).
— The Manila Times

Death penalty will be ‘big help’ to anti-drug campaign – DILG Chief
The passage of the death penalty would help the government win the so-called war against illegal drugs, Department of the Interior and Local Government (DILG) Officer-in-Charge Eduardo Año said on Wednesday, August 15.
— Rappler

Albayalde: Cops involved in Kian delos Santos slay now in jail
All policemen involved in the killing of 17-year-old Kian Lloyd delos Santos last year have been dismissed from service and are currently in jail, the head of the Philippine National Police (PNP) said.
— CNN Philippines

Why is the Philippines lagging behind in Asean?
My last piece on how the Philippines remains the tailender among the five original Asean members – and now even including Vietnam – begs the question, why?
— The Nation

DOH backs P90 tobacco excise tax
The Department of Health on Wednesday said it was backing proposals to increase the tobacco excise tax rate to P90 per pack to augment the proposed Universal Health Care law.
— ABS-CBN

 

Feature photo Peter Rowley

 

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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