Philippines Morning News For February 26

Philippines Morning News For February 26

Philippines morning news‘Bank Secrecy Law should exempt public officials’
Public officials should be exempted from coverage of the Bank Secrecy Law to effectively fight corruption, Bayan Muna party-list Rep. Carlos Zarate, said on Sunday.
— The Manila Times

5 tourists intercepted at NAIA for carrying P2.4 million
Bureau of Customs (BOC) agents intercepted 5 tourists at the Ninoy Aquino International Airport (NAIA) Terminal 3 on Saturday night, February 24, for carrying a total of P2.4 million.
— Rappler

Roque: Palace taking ‘seriously’ PHL low corruption ranking
Malacañang officials said they are taking the results of the Transparency International (TI) Corruption Perceptions Index 2017 “seriously” and underscored that “corruption is a problem that cannot be solved overnight.”
— Business Mirror

PH economy seen growing near 7%
The economy is likely to expand further this year on the back of strong household spending and investments among other factors, Wallace Business Forum said.
— The Manila Times

Filipinos facing threat ‘worse than Martial Law’
Exactly 32 years after the People Power Revolution that toppled strongman Ferdinand Marcos, the Philippines faces a threat worse than military rule under the late dictator.
— Rappler

Philippines pesos to US dollar exchange at 11-year lows
The Philippines central bank is selling its dollar reserves as a defensive measure to manage excessive volatility driven by speculation against the peso, which is hovering near an 11-year low, the bank’s governor said on Sunday.
— Al Jazeera

Bangko Sentral downplays RRR cut concerns
Concerns over the reduction of bank reserve requirements are unfounded, the Bangko Sentral ng Pilipinas (BSP) said as it reiterated that the move did not represent an easing of monetary policy.
— The Manila Times

Duterte laments being charged at ICC for his war on drugs
President Rodrigo Duterte on Saturday lamented being charged at the International Criminal Court because of his determination to combat the prevalence of illegal drugs in the country.
— Inquirer Mindano

Bello: Arrest of slain PH maid’s employers won’t lift OFW ban
The arrest of the Arab employers of Filipino maid Joanna Demafelis is just one factor in a Philippine decision whether to lift the ban on the deployment of migrant workers to Kuwait, Labor Secretary Silvestre Bello III said on Sunday.
— Philippine Daily Inquirer

PRDP backs Mindanao growers with nearly P400M
Funding worth P398.63 million from the Philippine Rural Development Project (PRDP) has been allocated for 84 enterprise projects covering 15 commodities in Mindanao.
— BusinessWorld Online

Cagayan execs to revive port to boost trade
The Regional Development Council (RDC) on Friday approved plans to reactivate the Aparri Port in an effort to open the country’s northern frontier to trade and commerce and fast track the movement of goods in northern Luzon.
— Philippine Daily Inquirer

Government sets bidding for Clark Airport O&M
The government is set to start the bidding of the operations and maintenance (O&M) of the Clark International Airport by publishing the notice next month, according to Transport Secretary Arthur Tugade.
— Philippine Star

DOT to launch market tourism in Western Visayas
The Western Visayas unit of the Department of Tourism (DOT) will launch a market tourism program this year, in a bid to lure tourists to buy more local products.
— Philippine Star

PHL uses dollar pile against speculators–BSP governor
The Philippine Central Bank sells dollars from its pile to curb excessive peso volatility against speculators using a cut in banks’ reserve ratios “as pretext,” Governor Nestor A. Espenilla Jr. said.
— Business Mirror

Duterte: Gov’t efforts against narcotics trade would be pursued without letup
The illegal drug trade continues to grow and destroy the country, President Duterte warned on Sunday as he renewed his resolve to combat the menace.
— Manila Bulletin

 

Feature photo Ray in Manila

 

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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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