Philippines Morning News For March 9

Philippines Morning News For March 9

Philippines morning newsPhilippines seeks ‘terrorist’ tag for 600 alleged communist guerrillas
A U.N. special rapporteur, a former Philippine lawmaker and four former Catholic priests are among more than 600 alleged communist guerrillas the Philippines wants declared “terrorists”, according to a government petition filed in court.
— Reuters

CLSA eyes a piece of Belt and Road with $10b Manila airport project
CLSA, the offshore platform of Chinese investment bank CITIC Securities, is working on the finance for a new $10 billionairport in Manila as part of its push into Southeast Asia and China’s ambitious Belt and Road initiative.
— Deal Street Asia

PHL 9th best economy for female entrepreneurs
THE PHILIPPINES was rated 9th in a global study of conditions conducive for the development of female entrepreneurs, MasterCard said in a statement.
— BusinessWorld Online

Philippines on alert for Holy Week terror attacks
Philippine authorities have warned of possible terrorist attacks following reports of a new leader taking the reins of the so-called Islamic State group in the region.
— UCA News

PH shares slip to 8,300
Lackluster corporate results did little to boost the local stock market, which underperformed its Asian peers the whole of Thursday. One analyst expects the rangebound trading to persist ahead of the US Federal Reserve meeting later this month.
— ABS-CBN (video)

China loans for PH firmed up
The Philippine and Chinese governments are set to sign by midyear the loan agreements for the three big-ticket infrastructure projects to be financed by the mainland.
— Philippine Daily Inquirer

Concom urged to lift economic restrictions in Charter change
President Duterte’s consultative commission on Charter change was urged yesterday to lift the economic restrictions provided in the Constitution so the country can attract more foreign investments.
— Philippine Star

Philippines government projects to be monitored using imaging technology and data
The Department of Budget and Management (DBM) and Department of Science and Technology (DOST) in the Philippines are collaborating in a program that aims to monitor the status and speed of implementation of government projects, especially those with high value. The program has been titled Project DIME, or “Digital Imaging for Monitoring and Evaluation.”
— Open Gov

Feb. GIR level settles at $80.6 billion
PRELIMINARY data showed that the country’s gross international reserves (GIR) stood at $80.6 billion as of February, Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. announced Wednesday.
— Sun Star

BIR files P133-M tax evasion raps vs. Rappler
The Bureau of Internal Revenue (BIR) on Thursday filed a tax evasion complaint before the Department of Justice (DOJ) against Rappler Holdings Corp. (RHC) and its officers for failing to pay PHP133 million in taxes.
— Philippine News Agency

PLDT sees recurring income growing to P24 billion this year
PLDT Inc. has set its recurring core income guidance for 2018 at P23-to P24-billion as it anticipates growth in service revenues and allotted its highest capital expenditures ever to continue aggressive network rollout to deliver better internet services.
— Philippine Star

City ready to give out 1,000 Makatizen Cards
One thousand residents of Barangay Rizal in Makati City will be the recipients of the first batch of Makatizen Cards to be distributed by the city government led by Mayor Abigail Binay on Saturday.
— Manila Standard

Borrowings jump 77%
The government’s gross borrowings in 2017 jumped 77.84 percent, mainly due to the hike in domestic loans versus the previous year.
— Malaya

Banks’ property exposures hit over P2 trillion, up 15%
Banks’ exposures in the real estate sector increased by 14.7 percent in 2017 to P2.07 trillion from P1.81 trillion in the previous year.
— Manila Bulletin

PH furniture market ‘most appealing’ – BMI Research
The Philippines is one of the most attractive household goods markets in Asia, a Fitch Group unit said, with spending in the segment expected worth over $5 billion dollars by 2022.
— The Manila Times

Peso weakens vs dollar
THE PESO dropped against the dollar on Thursday as investors stayed on the sidelines ahead of jobs data in the US and amid the ongoing rhetoric of President Donald J. Trump on tariffs.
— BusinessWorld Online

Tesda enrolls 192,654 new TVET scholars
The Technical Education and Skills Development Authority (Tesda) reported that a total of 192,654 enrollees were enlisted as new scholars during the two-day National Technical and Vocational Education and Training (TVET) Enrollment and Jobs Bridging conducted nationwide on February 27 and 28.
— Business Mirror

Manila sets counter checks on departing Overseas Filipino Workers
The Philippines Department of Labor and Employment (DOLE) has put in place counter-checking measures for overseas Filipino workers or OFWs as they are called who leave the country to work in Kuwait, reports the Gulf Times quoting the Manila Times.


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.


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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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