Philippines Morning News For June 12

Rizal Park Job Fair to Offer 30,000 Jobs For Filipinos
A job fair at Rizal Park, Manila tomorrow, June 12, has the potential to dramatically improve the lives of hundreds of thousands of people, with more than 30,000 jobs on offer… most of them in the Philippines.
— AEC News Today (video)

ADB has $7.9-billion lending pipeline for Philippines
The Asian Development Bank (ADB) has a $7.915 -billion lending pipeline for infrastructure and other long-term investments in the country from 2018 to 2021, the National Economic and Development Authority (NEDA) said yesterday.
— Philippine Star

Rediscount borrowings climb to P1.266 billion
BANKS SECURED bigger loans under the central bank’s peso rediscount window in May to fund more commercial lending and asset purchases at a time of higher borrowing costs.
— BusinessWorld Online

Electronics industry sees IOT as big driver to hit $50-billion export target
The Philippines electronics industry is looking at IOT (internet of things) as its biggest hope to help achieve the $50- billion exports target by 2030 or exceed it to $65 billion if the 6 percent annual growth rate is maintained.
— Manila Bulletin

Net FDI rises, ‘positive outlook’ cited
NET foreign direct investment (FDI) inflows grew by 27 percent to $682 million in March from a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.
— The Manila Times

Duterte is impeaching away the Philippines’ democratic institutions
The Duterte administration’s efforts to remove the Philippine Supreme Court’s chief justice and other high-ranking officials critical of the administration have raised the stakes for the Philippines’ democratic institutions.
— East Asia Forum

Third priest killed in the Philippines in 6 months
The Catholic Church of the Philippines has condemned the killing of a priest in the northern province of Nueva Ecija on Sunday, less than a week after another priest was hurt in a shootout in Laguna province.
— Vatican News

Philippines to import up to 200,000 metric tons of sugar
The Philippines is set to import up to 200,000 metric tons (MT) of sugar amid strong calls from local manufacturers following the surge in domestic sugar prices.
— Philippine Star

Government employs 720,000 ‘endo’ workers
Every year, the national government spends P9.6 billion for its 120,000 job order, casual, contractual and fixed term employees.
— Philippine Daily Inquirer

DOT eyes Alipay to raise spending of Chinese travelers in PHL
THE Department of Tourism (DOT) is studying the possibility of using Alipay in tourism establishments in the country to boost the arrival and spending of Chinese travelers in the Philippines.
— Business Mirror

Gov’t hikes retail treasury bonds offerings to P122-B
The national government hiked its offering of retail treasury bonds (RTBs) to PHP121.8 billion as a result of the investing public’s robust appetite for the three-year securities.
— Philippine News Agency

ALI cuts 37% of emissions in 2017
AYALA LAND, Inc. (ALI) reported it has reduced controllable emissions from its commercial properties by 92,234 tons of carbon dioxide equivalent (t-CO2e) in 2017, keeping the property giant on track to achieve carbon neutrality by 2022.
— BusinessWorld Online

P95-m road to boost west Vizcaya
This cool upland town near Mount Pulag will soon be minutes away from the Cagayan Valley road upon the completion of a 7.8-kilometer-long, 6.10-meter-wide provincial road.
— Manilastandard.net

Philippines reports increase in measles in 2018
The number of confirmed and compatible measles cases in the Philippines has increased in 2018 to date despite the launching of a measles vaccination campaign earlier this year.
— Outbreak News Today

2018 report shows PHL keeping 82/100 score in law and order
SAFETY in the Philippines in 2017 was on a par with Australia, South Korea, and Iran, among other nations, in terms of law and order, results from the 2018 Global Law and Order report of research firm Gallup showed.
— BusinessWorld Online

Developer sets lower IPO price at P12/each
DM Wenceslao & Associates Inc. (DMWAI) is pricing its initial public offering (IPO) at P12 per share, significantly lower than the top end of its initial target of P22.90 per share.
— Malaya

Megaworld declares P2-B cash dividends
MAGNATE Andrew Tan’s property arm Megaworld Corp. has declared cash dividends amounting to more than P2 billion on its common and preferred shares.
— The Manila Times

Philippines says Chinese seizures of fish catch unacceptable
The Philippine president’s office on Monday called Chinese seizures of fish caught by Philippine fishing boats near a disputed shoal unacceptable, and presented three fishermen who described their experiences.
— The Washington Post

Free train, P2P rides on Independence Day 2018
All railway systems in Metro Manila will give free rides to passengers on Tuesday, June 12, in celebration of the 120th anniversary of Independence Day.
— Rappler

PH now looking for possible suppliers of diesel-electric submarines
Department of National Defense (DND) Secretary Delfin Lorenzana on Monday said the country is now looking for possible suppliers of diesel-electric submarines to beef up the Philippine Navy’s capabilities.
— Philippine News Agency

LTFRB given power to set ride-sharing fares
THE Department of Transportation (DoTr) has empowered the Land Transportation Franchising and Regulatory Board (LTFRB) to regulate fares charged by transport network companies (TNCs) and transport network vehicle services (TNVS).
— BusinessWorld Online

Standard retail price of basic goods increase
After two weeks of higher petroleum prices, the Department of Trade and Industry (DTI) has allowed an increase in the suggested retail price (SRP) of some basic goods.
— CNN Philippines

Some OFW families say rising inflation offsets benefit of weak peso
As the peso keeps its place among the worst performing currencies in the region, some OFW families say they barely feel the benefits of a weak local currency as inflation continues to rise.
— ABS-CBN (video)

PH urged to supply more goods, services to UN
Philippine exporters are urged to increase their activities of supplying goods and services to the United Nations (UN).
— Northbound Philippines

Davao farmers join national day of protest for genuine agrarian reform
Farmers from various organizations in Southern Mindanao staged a protest in front of the office of Department of Agrarian Reform in Region XI (DAR-XI) at Catalunan, Pequeño in this city to slam the government’s failure to enact a genuine agrarian reform program that will render justice to farmers who have long been chained by landlessness, tenancy and poverty.
— Davao Today

Fruit and veg off the menu for Indonesian girls as myths fuel malnutrition
From fears that eating chicken wings makes it hard to find a husband to beliefs that pineapple jeopardizes fertility, a host of food taboos are fueling malnutrition among Indonesian girls, experts said as they launched an adolescent health drive.
— ABS-CBN

Feature photo Brian Evans

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

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 June 12 added by Stella-maris Ewudolu on June 12, 2018
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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.