Philippines Morning News For January 10

Philippines Morning News For January 10

Philippines morning newsMore Filipinos see better lives, economy – SWS survey
More Filipinos foresee better lives and an improved economy in the next 12 months, according to a recent Social Weather Stations (SWS) survey.

Nomura: Indonesia and Philippines to lead regional growth
Economic growth in Indonesia and the Philippines will be sustained beyond 2018 driven by domestic demand and the rollout of infrastructure projects, Nomura Securities said in an economic outlook briefing on Tuesday.
Nikkei Asian Review 

WHO hails Philippine move to raise taxes on sugar-sweetened beverages
The World Health Organisation praised the Philippine government for imposing higher taxes on sugar-sweetened drinks, saying that the move was a “great step forward in protecting the health of Filipinos”.

Philippines to lodge protest over apparent Chinese airbase in South China Sea
The comment from Philippine Defence Secretary Delfin Lorenzana on Tuesday followed a December 30 broadcast of aerial footage by the official China Central Television showing Fiery Cross Reef, which appeared to have been transformed into an airbase.
South China Morning Post 

Duterte’s purge of corrupt officials reaches local level
Apart from removing erring presidential appointees from their posts, President Rodrigo Duterte is now seeking to weed out corrupt local government officials.
Manila Bulletin

10 surprising things you didn’t know about the Philippines
The Philippines is much more than a sprawling archipelago of pristine white-sand beaches and lush tropical flora, although those are undeniably attractive features of this Southeast Asian nation.
Business Insider 

Drink retailers caught in fog of confusion as the Philippines’ Sugar Tax creeps in
The Philippines’ Tax Reform for Acceleration and Inclusion (TRAIN) law, which includes a new sugar tax, came into effect at the turn of the year, bringing with it a wave of confusion in the Philippines’ drink sector.
Food Navigator-Asia 

What Will a New Philippines Coast Guard Chief Mean?
Elson Hermogino finally fills the post, vacant for over a year.
The Diplomat 

Fast Asia Open: China PPI, Philippines trade data
Global growth appears to have peaked, with demographics, a lack of investment, a slowing in productivity gains and tightening monetary policy placing limits on economic expansion, according to the World Bank.
The Financial Times 

PHL to have more funds for antipoverty programs
THE implementation of the Tax Reform for Acceleration and Inclusion (Train) law should increase government revenues to as much as P17.88 trillion in five years and enable the Duterte administration to cut poverty, the Department of Finance (DOF) said on Tuesday.

Agricultural insurance in the Philippines
THE Philippines is the third-most disaster-prone country in the world, experiencing an average of 20 typhoons per year. As an economy that is highly dependent on the agribusiness sector, agricultural insurance is indispensable.

PDEA chief aims for drug-free Philippines by 2022
The Philippine Drug Enforcement Agency is aiming to make 5,000 barangays drug-free every year and the country cleared of the drug problem by the time President Duterte steps down in 2022, PDEA chief Aaron Aquino said on Monday.

Clashes with pro-Islamic State militants in southern Philippines kill 25
Clashes between the pro-Islamic State (IS) Bangsamoro Islamic Freedom fighters (BIFF) and security forces in the southern Philippines since Christmas Eve has killed 25 and trapped 5,000 indigenous people in their villages, according to the Philippines military and a tribal leader.
Channel NewsAsia 

TRAIN to benefit 99% of taxpayers
“The Tax Reform for Acceleration and Inclusion Act (TRAIN) will benefit 99 percent of the country’s individual taxpayers,” said Department of Finance Secretary Carlos Dominguez III.
Philippine Information Agency

Decision on fare hike petitions out March — LTFRB
The Land Transportation Franchising and Regulatory Board (LTFRB) will release its decision on pending petitions for fare increases in March.

Duterte signs resolution hiking military, police pay
President Rodrigo Duterte has signed a joint resolution of Congress authorizing a pay increase for the military, the police and other uniformed personnel in the government.

President Duterte shuts down logging firms
After a Cabinet meeting where he was reportedly shown images of massive forest denudation in Zamboanga, an enraged President Duterte ordered a halt to logging operations in the province where recent typhoons Urduja and Vinta took a heavy toll on lives and property.

‘Traslación’ secured tightly amid terror fears
A massive crowd of mostly barefoot Filipino Catholics joined a raucous procession of a centuries-old black statue of Jesus Christ under extra-tight security on Tuesday after the Philippines came under a disastrous militant attack last year.

Military verifying presence of foreign terrorists in PH
The Armed Forces of the Philippines (AFP) is verifying reports from neighboring countries that foreign Islamic State (IS) terrorists have entered the southern part of the Philippines, Defense Secretary Delfin Lorenzana said on Tuesday.
The Manila Times 

Decongestion, P1.16-B drainage project hoped to end Boracay woes
BORACAY Island, Aklan—Plagued with incessant flooding, especially during severe typhoons and thunderstorms, the resort island of Boracay has been “gifted” with a P1.16-billion drainage project by the Tourism Infrastructure and Enterprise Zone Authority (Tieza), the infrastructure arm of the Department of Tourism (DOT).

Flood control project starts this month
The government is eyeing to start the $500 million Metro Manila Flood Control Management Project this month, following the approval by the boards of the World Bank and the Asian Infrastructure Investment Bank (AIIB) of the co-financing for the project, the Department of Finance (DOF) said.

PH corporate income tax collection lagging
Fiscal incentives have led to the Philippines recording the lowest collection efficiency in the region with regard to corporate income taxes, the Finance department claimed on Tuesday.
The Manila Times 

2018 revenues to hit P2.8T
Government sees revenues hitting P2.806 trillion this year boosted by the higher collection from the Tax Reform for Acceleration and Inclusion Act (TRAIN), data showed yesterday.

Palace: Extended term ‘ultimate nightmare’ for Duterte
Staying in office beyond his term is President Duterte’s “ultimate nightmare,” Malacañang said yesterday, as it brushed aside claims that he would use proposals to change the form of government to stay in power.

BY 8 CENTAVOS: Higher tax on coal to raise power rates
The higher tax on coal will raise power rates in Metro Manila by 8 centavos per kilowatt hour (kWh) as early as next month the Manila Electric Co. (Meralco) said.

2nd tax reform package to upgrade teachers’ pay
Public school teachers will be the next beneficiaries of a planned salary increase in government.
Manila Bulletin 

Duterte OKs police, military pay hike
President Rodrigo Duterte has signed Joint Resolution 01 increasing the base pay of the military and uniformed personnel in government.
The Manila Times



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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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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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