Philippines morning news for December 3

Philippines morning news for December 3

Philippines morning newsMCIA-T2: $330 bln terminal boosts visitor arrivals and airport experience (video)
A spectacular second terminal at Cebu airport not only raises Philippines’ airport infrastructure to world-class standards, but is also driving international and domestic tourism to Cebu City, one of the nation’s most significant historical and cultural centres.
— AEC News Today (video)

Hot money inflows hit $267M since Jan 2018, spike in Nov
THE sentiment of foreign short-term investors to the Philippines turned positive in mid-November this year, data from the Bangko Sentral ng Pilipinas (BSP) showed.
— Business Mirror

Senate OKs wider powers, P200-B capitalization for BSP
he Senate has ratified the bicameral conference committee report on a bill raising the Bangko Sentral ng Pilipinas’ (BSP) capitalization to P200 billion from P50 billion, and expanding its regulatory powers.
— ABS-CBN News

Over 1,000 jobs open for persons with disabilities: DOLE
The Department of Labor and Employment (DOLE) said over 1,000 jobs will be available for persons with disabilities in a job fair on Wednesday Dec. 5 in Quezon City.
— ABS-CBN News

Japan gives $89-K grant for museum
THE Japanese Government will be granting US$89,260 to the Philippine Nikkei-Jin Kai, Inc. (PNJK) for the refurbishment and upkeep of the Philippine-Japan Historical Museum in Calinan, Davao City.
— Sun Star

ASEAN parliamentarians seek dismissal of fabricated cases vs Castro, Ocampo
A group of parliamentarians from Southeast Asian has urged local authorities to immediately drop the criminal charges filed against embattled ACT Teachers Partylist Rep. France Castro and former Bayan Muna Rep. Satur Ocampo following their arrest last Wednesday.
— Politiko

DOF economist eyes November inflation at 6.3%
A Department of Finance (DOF) official forecasts November 2018 inflation to decelerate to 6.3 percent from hitting its multi-year high of 6.7 percent last September and October.
— Philippine News Agency

Inflation to finally start slowing – poll
INFLATION likely slowed in November with economists polled by The Manila Times pointing to cheaper fuel and rice, among others, as having helped snap a 10-month run of elevated consumer prices.
— The Manila Times

House bills seek to impose P10 tax on plastic bag use
TWO House bills seeking to impose an excise tax on the use of plastic bags were filed at the House of Representatives.
— BusinessWorld Online

Manila FAME trade show generates $4.81 M sales
The Philippines generated $4.81 million worth of export sales from Manila FAME, the premiere trade show for design and lifestyle, down from its $7.2 million target.
— The Philippine Star

Over 500K nabbed for violating MM laws; smokers top list
Over half a million violators of various ordinances in Metro Manila have been arrested since the authorities’ intensified watch started in June this year, National Capital Region Police Office (NCRPO) chief Director Guillermo Eleazar said on Sunday.
— Philippine News Agency

DOF pushes bank secrecy in tandem with tax amnesty
THE proposed tax amnesty measure can only be efficiently implemented if the provision on lifting the bank secrecy law as proposed by the Duterte administration is included, the Department of Finance (DOF) has said.
— Business Mirror

Banks pay P6 B penalties for failure to meet agri-agra thresholds
Banks have paid about P6 billion in penalties over the last two years for falling short of the mandated lending thresholds for agriculture and agrarian reform, a member of the central bank’s Monetary Board said.
— The Philippine Star

ECoP President Donald Dee passes away, 72
BUSINESS LEADER Donald G. Dee, president of the Employers Confederation of the Philippines (ECoP) as well as honorary chairman and chief operating officer of the Philippine Chamber of Commerce and Industry (PCCI), died on Saturday at the age of 72, according to notices both chambers posted on their social media sites.
— BusinessWorld Online

OWWA launches OFW e-card in US
The Overseas Workers Welfare Administration (OWWA) has launched the Overseas Filipino Worker (OFW) e-Card in the United States to provide OFWs easy access to the agency’s programs.
— Philippine News Agency

China’s surveillance system coming to the Philippines?
China’s surveillance and credit score system could be coming to the Philippines in the next 3 years, according to a Huawei official.
— Rappler

Gov’t taps local firms to manufacture farm equipment
The government has tapped three local firms to manufacture several farm equipment that Philippine Center for Postharvest Development and Mechanization (PHilMech) has developed as part of efforts to mechanize the struggling farm sector.
— Manila Bulletin

Ozamiz Airport starts P637-M upgrade
The Department of Transportation (DOTr) has commenced with the P637-million upgrade and expansion of the Ozamiz Airport in Misamis Occidental.
— The Philippine Star

Intellectual Property policy for e-commerce mulled
The Intellectual Property Office of the Philippines (IPOPHL) would like to require online shopping platforms to implement an intellectual property policy so they are accountable for the genuineness of the merchandize sold in their sites.
— Manila Bulletin

Bam Aquino: Senate should take lead in investigation of PH-China deals
Senator Bam Aquino on Sunday said he hopes the Senate will take the lead in investigating deals of the Philippine government with China.
— CNN Philippines

Jakarta, KL, Bangkok seen as export markets for fashion items
Southeast Asian cities like Jakarta, Kuala Lumpur and Bangkok present opportunities for Philippine exporters and retailers as consumers in these markets are willing to spend for fashion items, the Philippine Exporters Confederation Inc. (Philexport) said.
— The Philippine Star

Answer plea vs 3rd telco bidding, SC orders government shares
The Supreme Court (SC) has ordered the government to answer the petition of a disqualified bidder that could stop the awarding of the third telecommunications slot to Mindanao Islamic Telephone Co. (Mislatel).
— The Philippine Star

Boracay closure prompts DOT to rework tourism goals
FOREIGN arrivals targets under the National Tourism Development Plan (NTDP) will likely be scaled down in the wake of the closure of Boracay Island this year.
— Business Mirror

Fiber industry regulator to distribute free abaca planting material
THE Philippine Fiber Industry Development Authority (PhilFIDA) expects to distribute for free to abaca farmers planting materials that can produce up to 54.4 million abaca plants.
— BusinessWorld Online

Philippine Officials: Some Muslim Rebel Groups in South Still Use Child Fighters
Deep inside a Moro Islamic Liberation Front jungle encampment in the southern Philippines, veteran fighter Abdul Campong leads a patrol against possible attacks by saboteurs opposed to a peace deal that his group signed with Manila four years ago.
— Benar News

Philippines: journalist Maria Ressa to turn herself in after police issue warrant
Maria Ressa, the editor of Philippine online news website Rappler, will turn herself into the authorities on Monday after a warrant was issued for her arrest.
— The Guardian

4 accused in P3-B investment scam get 368-year prison term
Four members of a criminal syndicate have each been sentenced to up to 368 years in prison for operating a get-rich-quick scheme that defrauded their victims of some P3 billion nearly two decades ago.
— Philippine Daily Inquirer

Meralco to roll out 1-M prepaid meters
The Manila Electric Co. (Meralco) is rolling out a million prepaid meters once it gets the green light from regulators to cope with growing demand.
— The Philippine Star

 

Feature photo U.S. Department of Defense Current Photos

This week’s Philippines morning news feature photo acknowledges International Volunteer Day, December 5.

 

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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