Philippines Morning News For January 15

Duterte Rejects Term Extension, Pushes for Federal Philippines
Philippine President Rodrigo Duterte has rejected calls from his allies to extend his six-year term and to cancel elections next year, while supporting moves to shift to a federal system of government.
— Bloomberg

4,000 flee as Mayon erupts anew
The Philippine Institute of Volcanology and Seismology (Phivolcs) raised the alert level of Mayon Volcano from 1 to 2 yesterday, following a steam-driven or phreatic eruption that caused ash fall events in some areas in Albay on Saturday.
— Philstar

$380-million ADB loan to finance 11 infra projects in Mindanao
The Department of Public Works and Highways (DPWH) said in a press release on Friday, January 12, Finance Secretary Carlos Dominguez III and ADB president Takehiko Nakao signed the loan agreement Wednesday.
— Update Philippine

PH looking to raise $2B from global bond offer
The government is aiming to raise as much as $2 billion from a global bond issuance planned for early this year, a Treasury official said.
— The Manila Times

Philippines top victim of cyber attacks
The Philippines, considered as the social networking capital of the world, is the most susceptible nation in Southeast Asia to cyber attacks, according to an expert.
— Philstar

Philippines to prevent sellout by third telco operator to PLDT, Globe
The Philippines will prevent a third telecoms operator set to be named by March from selling out to both PLDT Inc and Globe Telecom Inc to ensure the industry will not return to duopoly, a minister said on Sunday.
— Reuters

Marine scientist calls for stronger action to protect Philippine seas
A team of marine biologists on Friday, January 12, called for stronger action to conserve and protect Philippines’ marine resources.
— Rappler

Successful agricultural transformations: Lessons for PH–part 2
We continue with the discussion from last week on the core elements of a national agricultural plan (“what to do”) that promotes successful rural transformation, and the elements of the on-the-ground delivery of an agricultural transformation or AT (“how to do it”).
— Philippine Daily Inquirer

Child dies after ‘Dengvaxia’ shot
ANOTHER child who had been inoculated with Dengvaxia, the world’s first anti-dengue vaccine, died in Parañaque City on Sunday, the Volunteers Against Crime and Corruption (VACC) said.
— The Manila Times

Japanese, Taiwanese eye 3rd telco slot
Major telecommunication companies from Japan and Taiwan are among the latest firms to signify their interest to bid for the chance to be the third major mobile and data provider in the Philippines, Communications Secretary Martin Andanar said in an interview by radio DzMM yesterday.
— Malaya

Another retired general to replace PCSO chairman
Another retired military general is expected to fill the vacancy created by the resignation last week of Philippine Charity Sweepstakes Office (PCSO) chairman, retired police general Jose Jorge Corpuz.
— Philstar

EU briefed on how they can contribute to PRC’s disaster operations
The Philippine Red Cross (PRC) led by its Chairman and CEO Richard Gordon held a consultative meeting with the European Union (EU) ambassadors to discuss how they can contribute to save and uplift the lives of those suffering from recent disasters that hit country.
— ReliefWeb

Construction firm invests in SSS
State pension fund Social Security System (SSS) is investing in Megawide Construction Corp.SSS bought 5.17 percent of Megawide, equivalent to 110.53 million shares., with the latter serving as one of SSS’s avenue to invest in the country’s infrastructure sector given the government’s Build, Build, Build program.
— Malaya

NI to recruit 600 nurses from Philippines amid shortage
More than 600 nurses are to be recruited from the Philippines to try to alleviate pressure caused by the chronic nursing shortage in Northern Ireland.
— ITV

The Cards and Payments Industry in the Philippines: Emerging Trends and Opportunities to 2021 – Bank Cards, Banking, Business and Finance Industries
The The Cards and Payments Industry in the Philippines: Emerging Trends and Opportunities to 2021 Report has been published. It provides updated in 2018 year analysis of industries from Bank Cards, Banking, Business and Finance Markets.
— Satprnews

From Google Philippines’ Industry Head: 3 keys to maximizing your digital marketing influence
People are more distracted now than ever before with the world’s information within everyone’s grasp through the supercomputers in their pockets. While this provides multiple avenues for marketers to grab consumer attention, the tendency to be distracted under a bombardment of signals is also posing a challenge.
— Marketing-Interactive

PH set to launch $2-B dollar bonds
The government will float $2 billion in dollar-denominated bonds in the coming days in line with its plan to raise the foreign component of the total state borrowings this year.
— Philippine Daily Inquirer

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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.

Philippines Morning News For January 15 added by Leakhena Khat on January 15, 2018
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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.