Philippines Morning News For July 6

Philippines Morning News For July 6

Philippines morning newsDuterte is Assassinating Opponents Under the Cover of the Drug War, Philippine Rights Groups Say
The assassination of two provincial mayors in two days has raised fresh fears that law and order in the Philippines—already in a fragile state as the result of a bloody war on drugs—is deteriorating further.
— Time

BOI: Investments up 18.9% in Jan-May
INVESTMENTS approved by the Board of Investments (BOI) increased by 18.9 percent in the first five months of 2018 to P207.48 billion from P174.47 billion in the same period last year.
— The Manila Times

‘Wake up Manila’ fair offers 1,000 jobs on July 6 and 7
AROUND 1,000 job orders are up for grabs in an employment conclave called “Wake Up Manila,” on July 6 and 7, at the SMX Convention Center in the Mall of Asia Complex, Pasay City.
— Business Mirror

MPIC unit starts building P26-billion Cebu expressway
Cebu Cordova Link Expressway Corp., a subsidiary of Metro Pacific Tollways Corp., on Thursday formally started the construction of the P26-billion expressway linking this city to the town of Cordova in the island of Mactan.
— Manilastandard.net

Grab gives P70-M subsidy to drivers
An official of the ride-sharing firm Grab Philippines bared Thursday that the company has provided its drivers about PHP70 million in subsidy in the past two weeks amid the limited supply of its transportation network vehicle services (TNVS) units.
— Philippine News Agency

‘Build, Build, Build’ program pays out P17B in salaries
The “Build, Build, Build” infrastructure program is creating “a lot of new jobs” and has already paid out P17 billion in salaries in the construction industry since January, according to Finance Secretary Carlos Dominguez III.
— Philippine Daily Inquirer

98 SMEs receive no-interest loans from Muntinlupa
Committed to assist budding entrepreneurs in the city, the local government of Muntinlupa has started distributing zero-percent interest loan assistance to 98 local SMEs dubbed as “Muntipreneurs.”
— Manilastandard.net

PH factory output loses steam in May
FACTORY output — both in volume and value terms — rose in May from a year ago but lost some momentum compared to a month earlier, the Philippine Statistics Authority (PSA) reported on Thursday.
— The Manila Times

Gov’t to invest nearly P1 T in fixed assets in 2019
The government’s economic team showcased the recent developments in its ambitious infrastructure program during media briefing on July 4, 2018 at the site of the New Clark City. Build, Build, Build, the brainchild of Budget Secretary Benjamin Diokno, aims to modernize public infrastructure in the Philippines to boost economic growth and reduce poverty in the country.
— Manila Bulletin

Military rejects electronic surveillance limits in draft constitution
The military rejected a provision in the proposed new constitution seeking to limit the conduct of electronic surveillance, setting the stage for a national debate on digital privacy in the country.
— Rappler

Who’s to blame for soaring inflation? ‘All of them’ in gov’t, says economist
The June 2018 inflation rate ended up even higher than all government forecasts, targets, and market expectations, after it surged to 5.2%.
— Rappler

Commodity prices breach five-year high in June
Prices of goods and services reached a fresh five-year high in June, triggered by higher cost of food and non-alcoholic beverages, according to data from the Philippine Statistics Authority (PSA).
— CNN Philippines

D.M. Wenceslao to spend P12B on Aseana City over next 5 years
D.M. Wenceslao & Associates, Inc. (DMWAI) will be spending P12 billion over the next five years to develop its mixed-use estate in Pasay City, banking on the rising demand for residential, retail, and commercial spaces in the area.
— BusinessWorld Online

DICT gives telco-tower builders 7 years to build 50,000 structures
INDEPENDENT tower companies (towercos) that will be accredited by the Department of Information and Communications Technology (DICT) in 2019 will have seven years to finish constructing 50,000 telco towers with a combined cost of $4 billion.
— Business Mirror

PH pushes sustainable energy among peers
The Philippines is rallying its neighbors in Southeast Asia to improve the overall sustainable energy development plan by focusing on the potential of biomass and biofuel resources in the region.
— Malaya

DOH declares leptospirosis outbreak in 7 cities
The Department of Health (DOH) yesterday declared an outbreak of leptospirosis in seven cities in Metro Manila.
— The Philippine Star

GrabFood delivery launched in Philippines in ‘smart city’ push
Grab said it was bringing food delivery and cashless payments to the Philippines, after buying out Uber’s ride-hailing operations.
— ABS-CBN

All prepaid load now valid for 1 year
All prepaid loads, including those with denominations below P300, will now have a one year validity as telcos Smart Communications Inc. and Globe Telecom Inc. announced yesterday their full compliance with a joint memorandum circular issued by three agencies.
— The Philippine Star

‘PHL meat imports to double by 2027’
The increasing demand for meat owing to the improvement in the purchasing power of Filipinos would outpace local production and double the country’s imports by 2027.
— Business Mirror

Ortigas allots P26B for Capitol Commons development
ORTIGAS & CO. will be spending P26 billion for the development of its Capitol Commons estate in Pasig City, as it adds more retail, leasing, and residential projects in the area.
— BusinessWorld Online

Household helpers may now avail Pag-IBIG housing loans
Household helpers are now qualified to apply for a Pag-IBIG housing loan. The agency also shared to the public how to increase a member’s loanable amount.
— ABS-CBN (video)

Risa Hontiveros proposes bill to ban plastic straws, stirrers
Senator Risa Hontiveros is seeking the passage of a bill which aims to ban plastic straws and stirrers.
— CNN Philippines

Group pushes for revision of gun ownership laws in PH
A group advocating for a gunless Philippines is calling for a revision of current laws to at least limit the number of guns a citizen can own to two.
— CNN Philippines

LTO rolls out 4K newly designed vehicle plates in Pangasinan
The Land Transportation Office (LTO) Regional Office 1 (Ilocos region) rolled out 4,447 pairs of vehicle plates here Thursday morning.
— Philippine News Agency

 

Feature photo rmac8oppo

 

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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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