Philippines morning news for July 27

Philippines morning news for July 27

Philippines morning newsPH gov’n to spend up to P90 million for federalism info dissemination
The administration plans to spend up to P90 million for an information dissemination campaign on federalism.
— Philippine Canadian Inquirer

China Hasn’t Delivered on Its $24 Billion Philippines Promise
Almost two years after China pledged $24 billion in investment to the Philippines, barely any projects have materialized, prompting deepening concerns that President Rodrigo Duterte has undermined the country’s sovereignty with little to show in return.
— Bloomberg

ARMM gets most number of infra projects under 5-year program
The Autonomous Region in Muslim Mindanao will host the biggest number of infrastructure projects to be built in the next five years, although their combined value is loer than those in more developed regions.
— Philippine Daily Inquirer

Philippine leader approves autonomy law for troubled Muslim region
Philippine President Rodrigo Duterte on Thursday approved a long-awaited law to allow minority Muslims in the south to start moving toward self-rule by 2022, a bid to tackle extremism and defuse a half-century of separatist conflict.
— Reuters

Hong Kong firm eyes $1.5-billion resort in Philippines
Landing International Development Ltd., a Hong Kong listed casino company, is making its foray in the Philippines.
— The Philippine Star

Philippines to bear all expenses for Filipinos exiting UAE during amnesty
The Philippine missions in Abu Dhabi and Dubai on Thursday announced that their government will bear the expenses of sending home the undocumented citizens availing the upcoming amnesty in the UAE.
— Gulf News

RCEP to boost PH trade, create jobs
Philippine trade can receive a significant boost from the Regional Comprehensive Economic Partnership (RCEP) trade agreement, creating jobs for more Filipinos, said a ranking Department of Foreign Affairs (DFA) official.
— Philippine News Agency

Duterte’s SONA sells out PH sovereignty
Nothing but a play on words and motherhood statements – this is how President Rodrigo Duterte’s third state of the nation address is viewed by the frustrated members of the National Youth Movement for West Philippine Sea (NYMWPS), a global group advocating the preservation of the West Philippine Sea.
— Inquirer.net

Metro Manila gets biggest infra funding
Despite the Duterte administration’s promise to invest in areas outside Metro Manila, the country’s capital region remained the biggest recipient of government’s funding for infrastructure projects, data from the National Economic and Development Authority (NEDA) showed.
— Manila Bulletin

Gov’t owes San Miguel $3.2B
THE government owes San Miguel Corp. about $3.2 billion for administration of the Ilijan power plant in Batangas, its top official claimed on Thursday.
— The Manila Times

Online portal allows OFWs to share experience, rate recruiters
Overseas Filipino workers (OFWs) may now access a new web platform that allows them to share their experience about their deployment abroad and rate their recruitment agencies.
— ABS-CBN News

Pernia: 43 of 75 flagship infra projects done in 2 years
Socioeconomic Secretary Ernesto Pernia said that 43 out of 75 flagship priority projects for implementation is a “good batting average” for the “Build, Build, Build” infrastructure program.
— Rappler

Duterte signs EO creating a single gov’t guarantee system
President Duterte approved the establishment of a single government guarantee system in the country after agreeing to the merger of five agencies under the Philippine Export-Import Credit Agency (PhilExim).
— Malaya

DTI seeks competition review of charges by foreign shippers
THE Department of Trade and Industry said it asked the Philippine Competition Commission (PCC) to look into “excessive” charges imposed by foreign shipping companies.
— BusinessWorld Online

Metro Pacific gets original proponent status for P22-B CTBEx project
Infrastructure giant Metro Pacific Investments Corp. took a big step forward on its offer to build a 50.4-kilometer toll road that will significantly cut travel time between Manila, Tagaytay and Batangas.
— Philippine Daily Inquirer

OFW group calls for ‘persona non grata’ tag vs. Kuwaiti blogger
A migrant workers’ group on Thursday urged President Rodrigo Duterte to declare Kuwaiti blogger Sondos Alqattan persona non grata.
— Philippine News Agency

Duterte to issue EO soon banning open-pit mining
Malacañang on Thursday said President Duterte would ban open-pit mining soon through an executive order.
— Philippine Daily Inquirer

D.E.N.R. awards 1,685 land titles in Central Luzon
A total of 1,685 titles or patents in Central Luzon have been awarded by the Department of Environment and Natural Resources (DENR) benefiting about 8,400 stakeholders.
— Business Mirror

Four gaming firms want to invest $800-million in Cagayan
Four foreign gaming and entertainment companies are seeking permission from the Cagayan Economic and Freeport Zone Authority to establish integrated resorts with combined investments of at least $800 million.
— Manilastandard.net

Indigent elders entitled to only P500 monthly social pension: DSWD
The Department of Social Welfare and Development (DSWD) on Thursday clarified that indigent seniors are entitled to only PHP500 in monthly social pension benefits and not PHP6,000.
— Philippine News Agency

DoF pushes for improved PH fish output
THE Department of Finance (DoF) is pushing for technological advancements and a comprehensive seafarming program to bolster the Philippines’ fish yield.
— The Manila Times

Neda says BOL passage may alter Mindanao project implementation
The National Economic and Development Authority (Neda) on Thursday said that there could be some “minimal” changes in the financing of some proposed projects in Mindanao in light of the anticipated passage of the Bangsamoro Organic Law (BOL).
— Business Mirror

Fish prices driving inflation, Finance dep’t warns
THE DEPARTMENT of Finance (DoF) called on the government to ensure stable fish supplies, noting that fish products have played a significant role in the elevated inflation levels of the past few months.
— BusinessWorld Online

Air travel, online shopping drive cashless payments in PH: Visa
Filipinos using internet devices to book flights and shop are driving the growth of cashless payments in the country, payment solutions provider Visa said Thursday.
— ABS-CBN News

DILG: P7.6 M financial grants awarded to 118 rebel returnees in South Cotabato through E-CLIP program
A total of one hundred and eighteen (118) former rebels who surrendered in the provinces of Sultan Kudarat and Sarangani, South Cotabato were granted a total of P7.6 million worth of financial assistance under the Enhanced Comprehensive Local Integration Program (E- CLIP), according to the Department of the Interior and Local Government (DILG).
— Reliefweb

Coconut industry pushes 5% biodiesel blend
Coconut farmers and oil manufacturers reiterated on Wednesday the need for the immediate implementation of Biofuels Act of 2006 mandating that all diesel fuels sold in the domestic market be blended with 5-percent Coco Methyl Ester (CME) to stabilize domestic copra prices.
— The Manila Times

No More Philippine Reserve Ratio Cuts This Year, Governor Says
Philippine central bank Governor Nestor Espenilla is pausing his policy of reducing the amount of cash banks must hold in reserves as he reins in the fastest inflation in five years.
— Bloomberg

Sara, Joy give out 1k ‘bags for change’ to Quezon City moms, kids
Davao City Mayor Sara Duterte and Quezon City Vice Mayor Joy Belmonte on Thursday spearheaded the distribution of “bags for change” to 1,000 mothers and their children to promote responsible education and family planning.
— Manilastandard.net

DPWH aims to more than double total length of expressways by 2022
The government is looking to more than double the total length of the country’s expressways before the end of President Rodrigo Duterte’s term, a Cabinet official said on Thursday.
— ABS-CBN (video)

QC to set up LGBT help desks in police stations
The Quezon City local government is supporting the establishment of lesbian, gay and transgender (LGBT) desks in police stations.
— Philippine News Agency

 

Feature photo maryaddison80

 

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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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