Philippines morning news for August 21

Philippines morning news for August 21

Philippines morning newsADB lends $300 million to boost PPP flow
The Asian Development Bank (ADB) has approved a $300 million policy-based loan to support the strengthening of the country’s public-private partnership (PPP) framework.
— The Philippine Star

June borrowing up 224.87% year-on-year
Borrowings by the Philippine government surged to PHP153.291 billion in June 2018 due to the issuance of retail treasury bonds (RTB).
— Philippine News Agency

Overall BOP position posts lower deficit of USD455-M in July
The country’s overall balance of payments (BOP) position in July 2018 posted a deficit of USD455 million, lower than the USD678-million BOP deficit recorded in the same month last year.
— Philippine News Agency

Duterte signs law ensuring safety in workplaces
President Rodrigo Duterte has signed into law a measure aimed at ensuring the implementation of proper health and safety standards in workplaces around the country.
— CNN Philippines

Gross borrowings fall in H1
The government’s gross borrowings as of the first semester fell by 8.88 percent, as it borrowed less from local lenders versus the same period last year.
— Malaya

Boracay may reopen with as little as 30% of firms compliant
THE government hopes up to 50% of businesses will be operational by the time the resort island of Boracay reopens as scheduled on Oct. 26, but may have to settle for 30%.
— BusinessWorld Online

Filipino domestic worker in Kuwait missing
THE Department of Foreign Affairs (DFA) is verifying reports that a Filipino household service worker is missing in Kuwait.
— The Manila Times

World-class air traffic system to boost overall economic potential of the Philippines
Members of the Congressional Oversight Committee on Civil Aviation Authority of the Philippines enquired into the status of the on-going Communications Navigation Surveillance/Air Traffic Management System (CNS/ATM) project of the Civil Aviation Authority of the Philippines (CAAP).
— Open Gov

DOT bans gate passes to withdraw Duty Free goods
The Department of Tourism (DOT) has banned its officials from withdrawing goods from Duty Free Philippines, Secretary Bernadette Romulo-Puyat announced Monday.
— CNN Philippines

Estrada earmarks P83-million for garbage collection, disposal
Manila Mayor Joseph Estrada has set aside at least P83 million to keep Manila clean and to address the existing garbage problem, starting from collection and transportation to disposal system.
— Manilastandard.net

Oversubscribed P15 billion T-bills yield lower rates
The Bureau of the Treasury (BTr) yesterday fully awarded P15 billion worth of Treasury bills (T-bills) as all tenors yielded lower interest rates.
— The Philippine Star

PAL: NAIA flight disruptions run up ‘millions in costs’
Philippine Airlines says it is aiming to get its flight schedule to return to normal by Tuesday.
— ABS-CBN (video)

DOTr-LTO, BTr, LBP ink deal for nationwide online payment of LTO transactions
THE Department of Transportation-Land Transportation Office (DOTr-LTO) have signed a memorandum of agreement (MOA) with the Bureau of the Treasury (BTr) and the Land Bank of the Philippines (LBP) that expands the use of LBP’s online payment facility for LTO transactions in all its regional offices nationwide.
— Business Mirror

OFWs can lose jobs after NAIA runway accident
Four days after a Xiamen Air plane skidded off Ninoy Aquino International Airport (NAIA) international runway 06/24, thousands of passengers – mostly overseas Filipino workers (OFWs) – were still dealing with cancelled or delayed flights on Monday, August 20.
— Rappler

Business calls for urgent upgrading, not closure, of NAIA
Business leaders yesterday strongly objected to plans to close the Ninoy Aquino International Airport, the country’s main international gateway located at the heart of Metro Manila, and instead call for urgent upgrading the old facility.
— Manila Bulletin

Pharma firm donates 255-m albendazole tablets
Global pharmaceutical company GSK has donated 255 million tablets used to eliminate lymphatic filariasis in the Philippines over the last 17 years.
— Manilastandard.net

Indonesian Naval Command and Staff College Joins Regional Security Conference in Manila
Indonesia’s Naval Command and Staff College, or Seskoal, participated in a security conference in Manila on Aug. 16-17 to discuss expanding security cooperation and maritime resilience in Southeast Asia.
— Jakarta Globe

Zamboanga City under state of calamity due to rice shortage
A rice shortage prompted the local council on Monday to place this city under a state of calamity to enable the local government to control prices of the staple and to buy buffer stocks using a P15-million calamity fund.
— Philippine Daily Inquirer

Kalinga geothermal prospect receives priority distinction in the Philippines
In a disclosure to the Philippine Stock Exchange this morning, APC Group Inc, said that the Philippines Department of Energy has declared the Kalinga geothermal prospect of Aragorn Power and Energy Corp. (daughter company of APC) as an energy project of national significance.
— Think GeoEnergy

Northern Irish beef hits the Philippines
The first shipment of beef from Northern Ireland has arrived in the Philippines and is now on sale.
— GlobalMeatNews.com

CamSur school in viral bag burning incident may lose permit to operate
The Department of Education (DepEd) could suspend or revoke the permit to operate of a private school in Camarines Sur where an official allegedly burned students’ schoolbags.
— Northbound Philippines

Leptospirosis death toll up by 100% in Pangasinan
The Pangasinan Provincial Health Office has recorded 137 cases of leptospirosis in the province from Jan. 1 to Aug. 13 this year, representing a 90-percent increase from the 72 cases recorded during the same period last year.
— Manilastandard.net

Philippines eyes entry to tuna farming
The Philippines’ department of agriculture officials are considering to breeding tuna, Business Mirror reported.
— Undercurrent News

Shift to Euro-2 diesel not environmentally sustainable: DOTr
The Department of Transportation (DOTr) opposes a directive of the Department of Energy (DOE) for oil companies to offer Euro-2 compliant diesel at fuel stations to mitigate the impact of the recent series of oil price increases to motorists.
— Philippine News Agency

Philippines’ top anti-poverty official resigns
The Philippines’ top anti-poverty official resigned from the government on Aug. 20, citing the collapse of peace talks with communist rebels and continuing attacks on activists as reasons.
— UCA News

Veloso steps down as president of HSBC Philippines
HSBC (Philippines), Ltd. said its president and chief executive officer Jose Arnulfo “Wick” A. Veloso has stepped down from his position.
— BusinessWorld Online

Philippines expects more investment from Indonesia
The Philippines government anticipates more investment from Indonesia in the southern Philippines, as the Bangsamoro Organic Law has come into effect.
— Antara News

PH, Myanmar ink agri deal
THE Philippines and Myanmar are now working to strengthen each other’s farm sectors, particularly improving fisheries production, the Department of Agriculture (DA) said.
— The Manila Times

Bello in Israel to prepare pact on OFWs’ protection
Department of Labor and Employment (DOLE) Secretary Silvestre Bello III went ahead of President Rodrigo Duterte to Israel to prepare a bilateral agreement for the protection of overseas Filipino workers (OFWs) there.
— Philippine News Agency

Palace hails PH’s first 2 medals in Asian Games
Malacañang on Monday lauded the taekwondo jins for winning the country’s first two medals in the ongoing 2018 Jakarta-Palembang Asian Games in Indonesia.
— Philippine Canadian Inquirer

Over 16K cops promoted to higher rank
More than 16,000 police officers promoted to a higher rank took their oath Monday at the Philippine National Police (PNP) headquarters in Camp Crame, Quezon City.
— Philippine Canadian Inquirer

 

Feature photo Stefan Munder

 

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. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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