Philippines morning news for November 7

Philippines morning news for November 7

Philippines morning newsIndustrial unrest looms as Metro Manila minimum wage rises just PHP15
Labour groups in the Philippines have warned of increased industrial unrest after workers in Metro Manila were granted an effective daily minimum wage increase of just PHP15 (about US$0.28).
— AEC News Today

PH inflation stays at 6.7 percent in Oct, still at 9-year high — PSA
PHILIPPINE headline inflation rate was steady at 6.7 percent in October, unchanged from September but still at a nine-year high, the Philippine Statistics Authority (PSA) reported on Tuesday.
— The Manila Times

PH hopes to raise P13.5 billion from Marawi bonds
The Philippines plans to raise P13.5 billion ($253.95 million) through a sale of retail treasury bonds to help fund the reconstruction of the besieged southern city of Marawi, the finance ministry said on Tuesday.
— ABS-CBN News

Labor group won’t appeal P25 minimum wage hike
The umbrella organization Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) will not appeal the PHP25-minimum wage hike approved by the Regional Tripartite Wages and Productivity Board-National Capital Region (RTWPB-NCR).
— Philippine News Agency

Manufacturing rebounds 4% in September 2018— PSA
The manufacturing sector grew both in terms of volume and value in September, reflecting strong demand and positive business outlook.
— The Philippine Star

Vietnam, Thailand skip Philippines’ 203,000 T rice tender
Major rice exporters Thailand and Vietnam did not submit offers at a Philippines import tender for the supply of 203,000 tonnes of the grain, citing stricter terms, Philippine officials said on Tuesday.
— Reuters Africa

Philippines invites newcomer to transform its troubled telco sector
Paying some of Asia’s highest telecom charges while suffering slow Internet and frequent dropped calls, Filipinos will expect better service once the government picks a new entrant to break a duopoly in a market worth $5.1 billion annually.
— Reuters

Fitch exec: ‘Hot’ PHL economy may overheat
THE Philippine economy is expected to perform well in the next two years despite the surge in inflation and concerns on global volatility, a Fitch executive said in a recent forum.
— Business Mirror

‘Rosita’ leaves over P114 million in damage to Nueva Vizcaya agri sector
Typhoon “Rosita” left more than P114 million in damages to the province’s agricultural sector, particularly its rice crop.
— Manilastandard.net

Production output, value up in September
Both volume and value of production in September this year posted notable increments, the Philippine Statistics Authority (PSA) reported Tuesday.
— Philippine News Agency

Inflation forces Pinoys to spend P17 more for every P100
DUE to high inflation, Filipinos need to shell out an additional P17 today for every P100 they used to spend buying various goods and services six years ago, according to the Philippine Statistics Authority (PSA).
— Business Mirror

Government to select third telco company soon
The telecommunications (telco) duopoly of PLDT/Smart Communications and Globe Telecom may soon be shattered upon entry of a third player.
— CNN Philippines

Monsoon rains, typhoons to cut 2018 rice-paddy output by 3.5%
WEATHER disturbances may cut total rice-paddy output in 2018 by 3.5 percent to 18.6 million metric tons, from a record high of 19.28 MMT in 2017, according to the Department of Agriculture (DA).
— Business Mirror

Makati slates mega job fair on November 9
MAKATI City Mayor Abby Binay on Monday announced that the city government will hold its 2nd Mega Job Fair for the year on November 9 from 10 a.m. onward at the Activity Center, second level of Ayala Malls in Circuit Makati.
— Business Mirror

More than 250K OFWs to benefit from e-card project
An estimated 250,000 overseas Filipino workers (OFWs) are expected to initially benefit in the Phase 1 of the OFW e-card project of the Overseas Workers Welfare Administration (OWWA), an official said Tuesday.
— Philippine News Agency

Calamity loans now available to SSS pensioners
Pensioners of the state-run social insurance program, specially those who were affected by calamities, can now avail of loans for their early recovery and start anew.
— Manilastandard.net

Senate bill mooted to create fisheries dep’t
SENATE PRESIDENT Pro Tempore Ralph G. Recto on Tuesday said he intends to file a bill creating a department of fisheries and aquaculture that would be focused on addressing the high prices of fish.
— BusinessWorld Online

WHO to PH: ‘Real investment’ in universal health care ‘needs to happen’
World Health Organization (WHO) Country Representative Gundo Weiler urged the Philippine government to make a “real investment” in Filipinos’ health by ensuring funding for the implementation of universal health care (UHC) once the law is passed.
— Rappler

2 more dams to be built around Quezon, Rizal amid protests
Government has revealed plans to build two more bigger dams around Quezon and Rizal amid protests from both residents and local authorities over the construction of a different dam.
— ABS-CBN News (video)

Gov’t makes full award of bonds amid rise in rates
THE GOVERNMENT raised P15 billion worth of 10-year Treasury bonds (T-bonds) yesterday as planned amid strong demand, with the surge in yields within expectations.
— BusinessWorld Online

Duterte denies ordering military to take over BOC employees’ posts
President Rodrigo Duterte said he didn’t order the Armed Forces of the Philippines (AFP) to take over the functions of Bureau of Customs (BOC) personnel.
— Rappler

Grab rolls out premium tricycle services in the Philippines
Ride-sharing firm Grab Philippines will be rolling out its premium tricycle services nationwide through its partnership with AutoItalia Philippines, which is the local distributor of three-wheeled Piaggio Apé vehicles.
— Business Mirror

Resolution establishes Isabela as top tourist destination in Philippines
THE bid to position Isabela as a top tourist destination in the country has been strengthened through a resolution approved during the 2nd Municipal Convention at the said town recently.
— Sun Star

 

Feature photo E2S

This week’s Philippines morning news feature photo acknowledges World Tsunami Awareness Day, November 5.

 

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. Since 2010 she has worked as a freelance screen writer for ‘Nollywood’, Nigeria.

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