Philippines morning news for November 9

Philippines morning news for November 9

Philippines morning newsEconomy grows at slower 6.1% pace in third quarter of 2018
The economy continued its growth streak of at least six percent for the 14th consecutive quarter but failed to keep up with market expectations, growing by 6.1 percent in the third quarter this year.
— The Philippine Star

January to October FDI jumped 156% to P39.3 billion–DTI
Foreign direct investments (FDI) from January to October improved 156 percent to P39.3 billion, a development attributed by the country’s trade chief to the Duterte administration’s business reforms.
— Business Mirror

Duterte says he will object to renewal of ABS-CBN franchise
President Rodrigo Duterte slammed TV network ABS-CBN anew, saying he would object to the renewal of its franchise.
— CNN Philippines

‘Disappointing Q3 GDP to halt BSP rate hikes’
THE Bangko Sentral ng Pilipinas (BSP) is expected to hold off increases in monetary-policy rates during its upcoming meeting after the country’s GDP grew at a slower-than-expected pace in the third quarter.
— Business Mirror

Construction sector picks up as government builds infra projects
The construction sector picked up this year as the government built more projects under the ‘Build, Build, Build’ program, Trade Secretary Ramon Lopez said Thursday.
— Manilastandard.net

CEZA to host $1-billion high speed train facility, training hub
Chinese firms Eminova Asset Management Ltd. and Hunan Goke Maglev Technology Development Ltd. are setting up a $1-billion training and production center for Maglev trains in Sta. Ana, Cagayan, the Cagayan Economic Zone Authority (CEZA) said.
— The Philippine Star

Major union calls on gov’t to revisit P500 worker subsidy
TRADE UNION Congress of the Philippines (TUCP) Party-list Representative Raymond C. Mendoza said the government needs to revisit the union’s proposal for a P500 monthly subsidy for minimum-wage workers as a temporary cushion for the rising prices of goods.
— BusinessWorld Online

D.O.E. and E.U. to energize 100,000 off-grid Mindanao households
The Department of Energy (DOE) and the European Union (EU) are pushing ahead with the energization of off-grid communities that would benefit close to 100,000 households, especially in the Bangsamoro region.
— Business Mirror

PLDT investing P2 billion in tech start-up Multisys
DIGITAL services provider PLDT Inc. is investing P2.15 billion in tech company Multisys Technologies Corp. for a 45.73-percent stake in the Filipino start-up, an investment that businessman Manuel V. Pangilinan said could help the companies under the First Pacific Co. Ltd. further improve their business operations.
— Business Mirror

ECC reopens payment of P2.52-billion death benefits
Over 28,000 beneficiaries of public-sector workers, who died from work-related accidents from 2006 to 2012, could finally claim their death benefits from the Employees Compensation Commission (ECC).
— Business Mirror

Bahrain Flexi Visa to help 3,000 undocumented OFWs
Up to 3,000 undocumented overseas Filipino workers (OFWs) can benefit from Bahrain’s newly launched Flexi Visa, the Philippine Department of Foreign Affairs (DFA) announced on Thursday, November 8.
— Rappler

PH expects $50-M sales at CIIE
The government expects to generate $50 million in sales this year and $100 million next year from the participation of Filipino manufacturers at the ongoing China International Import Expo in Shanghai.
— Manila Bulletin

Customs eases ‘balikbayan’ box rules after drawing flak from OFW groups
THE Bureau of Customs (BOC) on Thursday said that it has eased the guidelines in availing of the duty and tax-free privilege of consolidated balikbayan boxes.
— Business Mirror

Piñol: Farmers to produce motorcycle tires
The Department of Agriculture (DA) said rubber farmers will start producing local motorcycle tires in the first quarter of 2019 as part of a government program that seeks to improve their income.
— Business Mirror

PCA to seek implementation of 5% coconut content in diesel
AGRICULTURE Secretary Emmanuel F. Piñol said that the board of governors of the Philippine Coconut Authority (PCA) will recommend to President Rodrigo R. Duterte to fully implement a law increasing the coconut content of diesel to 5%.
— BusinessWorld Online

Duterte: ‘Corrupt officials should be stripped of dignity’
Public humiliation so vicious it could strip them of their dignity awaits officials and bureaucrats found involved in graft and corruption, President Duterte warned on Wednesday.
— The Philippine Star

Bicam report on child protection bill ratified
The House of Representatives has ratified the bicameral conference committee report on the bill that seeks to provide protection to children in situations of armed conflict.
— The Manila Times

P12.2-B Kaliwa Dam project to augment Metro Manila water supply
It is all systems go for the construction of the vital PHP12.2-billion Kaliwa Dam project in Quezon province that will provide an additional 600 million liters a day (MLD) of water to Metro Manila and environs.
— Philippine News Agency

Philippines Communist Rebel Peace Consultant Arrested
Police and military forces arrested a ranking member of the Communist Party of the Philippines (CPP) and two of his aides before dawn Thursday, authorities said, amid warnings the insurgents were involved in a plot to topple President Rodrigo Duterte’s government.
— Benar News

 

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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