Philippines Morning News For March 7

Measles Makes a Comeback as Philippine Vaccination Rates Plummet
Concerns by Philippine health and science professionals that the disastrous Dengvaxia mass dengue inoculation programme would affect other public health programmes is rapidly coming to fruition, with a measles (locally: tigdas) outbreak the first signs of the blowback.
— AEC News Today

Too many holidays cuts competitiveness
Foreign and local business groups are increasingly concerned of the high number of holidays in the country, saying this is damaging the competitiveness of the country.
— Malaya

PRRD to declare state of calamity in Boracay
President Rodrigo R. Duterte announced on Tuesday, March 6, that he would place Boracay under a state of calamity.
— Philippine News Agency

Italy donates P12.4 million in food aid to Marawi farmers
The Italian government has donated P12.4 million to the United Nations World Food Programme (WFP) to support Filipino farmers affected by the fighting in Marawi City with food assistance.
— Manila Bulletin

Japan, China to finance major rail projects
The Department of Transportation (DOTr) is set to sign two separate loan agreements, one with Japan and another with China, that would finance two major railways projects, the P365-billion Metro Manila subway and the P170-billion revival of the Philippine National Railways’ (PNR) Bicol Express.
— Malaya

Government to buy more marine vessels for Philippine Rise research
Malacanang on Tuesday disclosed the government’s plan to buy more marine vessels that could be used for scientific research and exploration of natural resources in the Philippine Rise.
— Update Philippines

2,376 OFWs brought home from Kuwait; more to come
The government has repatriated 2,376 distressed migrant workers from Kuwait in the past 23 days, with thousands more expected to follow.
— Philippine Daily Inquirer

Feb inflation highest in more than 3 yrs
INFLATION accelerated to an over three-year high in February, the government reported on Tuesday, with higher food, beverage and tobacco prices said to have been the primary drivers.
— The Manila Times

Factory output recovers from four-month slump, fastest in more than 4 years
FACTORY OUTPUT expanded by its fastest pace in more than four years in January, recovering from contraction in much of last year’s second half.
— BusinessWorld Online

Stocks down, peso firm
Share prices ended lower Tuesday amid investor concerns over the higher-than-expected inflation rate in February.
— Malaya

Forbes: Henry Sy is still PH top billionaire; Jeff Bezos is world’s richest
Shopping mall tycoon Henry Sy is still the Philippines’ richest man while Amazon.com founder Jeff Bezos seized the top spot for the first time, Forbes Magazine said Tuesday.
— ABS-CBN

DFA to increase passport processing by 11,000 daily
The Foreign Affairs department plans to increase by 11,000 the daily processing of passport applications this year to serve the increasing number of applicants triggered by the 10-year validity of the travel documents, DFA Secretary Alan Peter Cayetano told lawmakers Tuesday.
— Manila Standard

Government partially awards P12-billion T-bonds amid high market rates
The Bureau of the Treasury (BTr) on Tuesday partially awarded P12 billion in its latest Treasury bonds (T-bonds) auction, on the back of high rates set by the market.
— Business Mirror

Philippine property developer DM Wenceslao files for $300m IPO
Philippine property developer D.M. Wenceslao and Associates Inc on Tuesday flagged plans to go public by raising up to 15.5 billion pesos ($300 million) in an initial public offering.
— Deal Street Asia

Canned goods makers to hike prices
Manufacturers of canned goods are expected to jack up prices of their products in the coming months in line with the rising prices of tinplates and foreign exchange movement.
— Philippine Star

Feature photo Adam Cohn

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 March 7 added by Stella-maris Ewudolu on March 7, 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. Since 2010 she has worked as a freelance screen writer for ‘Nollywood’, Nigeria.