Philippines morning news for October 10

Philippines morning news for October 10

Philippines morning newsDuterte scraps Philippines rice import cap to fight inflation
Philippine President Rodrigo Duterte has ordered the lifting of two-decade-old restrictions on rice imports, his spokesman said on Tuesday, paving the way for unlimited purchases of the diet staple as the government strives to tame soaring inflation.
— Today Online

Trade gap widens to $18.9 billion in first half of 2018
The country’s trade deficit widened to $18.94 billion in the first semester of the year as imports continued to significantly outpace exports, the Philippine Statistics Authority (PSA) reported yesterday.
— The Philippine Star

P4.8B anti-flood project starts
The Department of Public Works and Highways (DPWH) yesterday broke ground for the P4.8-billion flood mitigation project for low-lying areas and municipalities of Pampanga.
— Malaya

PH will not join US military drills in WPS, Duterte tells China
President Rodrigo Duterte said the Philippines will not participate in the military exercises the United States will be conducting in the disputed West Philippines Sea (WPS).
— Philippine News Agency

PN to deploy logistic support vessel in China-ASEAN military exercises
Philippine Navy (PN) Chief Vice Adm. Robert Empedrad said the service command is expected to deploy one of its two Bacolod City-class logistic support vessels in relation to the joint military exercise to be held in Zhanjiang, China, from October 22 to 29, 2018.
— Manila Bulletin

Duterte negative for cancer, has ‘battery syndrome’
President Duterte has admitted he has polyps and joked that he has “battery syndrome,” as he assured the nation that he is healthy and cancer-free after tests on his Barrett’s disease came out negative.
— The Philippine Star

Rising food prices may worsen child malnutrition in PH
Rising prices of food due to the rapid inflation may further aggravate the poor nutrition of children in the Philippines, the United Nations Children’s Fund (UNICEF) warned on Tuesday, October 9.
— Rappler

Unicef report: Many children in PH are still deprived of basic rights
In its situation analysis report released on Tuesday, the United Nations Children’s Fund (Unicef) has found that Filipino children are still being deprived of basic rights such as access to good health and nutrition, education, social protection and child protection.
— Philippines Magazine

Senate OKs concurrent resolution recalling bill on coco levy trust fund
The Senate on Tuesday afternoon approved a concurrent resolution requesting the Office of the President to return the enrolled copies of the bill that would supposedly facilitate the distribution of the P105-billion coconut levy fund to coconut farmer beneficiaries, effectively bringing back the measure under the bicameral conference committee level.
— Manila Bulletin

Kids being killed in antidrug war unacceptable, says Unicef
Child rights advocates on Tuesday raised concerns over the growing number of minors being killed in President Rodrigo Duterte’s war on drugs, one of the “worrying” situations of children in the Philippines who were being subjected to various forms of violence.
— Philippine Daily Inquirer

Anti-smuggling efforts intensified
Customs officials recently met with their South Korean counterparts and United States drug enforcement authorities in a bid to beef up the Philippines’ anti-smuggling efforts, the Finance department said on Tuesday.
— The Manila Times

Solons slam Duty Free Philippines over HK deals
Lawmakers on Tuesday slammed officials of Duty Free Philippines Corporation (DFPC) for entering into concession agreements with foreign entities – all Hong Kong-based suppliers – for the supply of merchandise worth billions of pesos.
— Manila Bulletin

Grab secures e-money license in the Philippines
Ride-hailing company Grab is expanding its mobile wallet services in the Philippines following receipt of an e-money license from the Bangko Sentral ng Pilipinas (BSP).
— Retail News Asia (media release) (blog)

From Marcos to Duterte: How Philippine presidents handled their health problems
President Rodrigo Duterte’s health has been the subject of much speculation in recent months following trips to the hospital and his recent announcement that a “growth” was found in his digestive system during an endoscopy.
— Rappler

Foreigners Dominate the E-commerce market in Philippines
Local players in the Philippine e-marketplace reach more Filipinos in terms of social media activity.
— Retail News Asia (media release) (blog)

PH to be a ‘high-middle-income’ country by 2019: DOF exec
The Philippines will be an upper-middle income country by next year if it stays on its course, an official of the Department of Finance said Tuesday.
— ABS-CBN News

Bill strengthening SSS to yield P16B/yr
The bill seeking to amend the 21-year-old charter of the Social Security System (SSS) will generate an additional P16 billion for the agency every year once implemented, said Emmanuel Dooc, SSS president and chief executive officer.
— Malaya

Megaworld allots P35 billion for Pasig township
MEGAWORLD Corp. will be spending P35 billion to develop its township in Pasig City called Arcovia City, launching the first condominium to rise in the property.
— BusinessWorld Online

Government bans pork from Belgium
THE Philippines has banned pork imports from Belgium, one of the country’s top suppliers of meat products, to prevent the entry of African swine fever (ASF) after Brussels confirmed that the disease killed wild boars in Luxembourg.
— Business Mirror

BPO sector seen to fall short of 2018 jobs target
The information technology and business process management industry is expected to fall short of its 2018 jobs and revenue targets, an industry group said Tuesday.
— Manilastandard.net

BPO industry to hold ‘Awareness Fair’ amid looming automation shift
Business process outsourcing (BPO) companies, information technology firms and experts will converge next month for an “awareness fair” to encourage more Filipinos to join the BPO sector amid an ongoing shift to automation, industry officials said Tuesday.
— ABS-CBN News

Senators reject House plan to eject VP as Duterte successor
Senators have rejected a House of Representatives proposal to remove the Vice President from the line of succession to the presidency during the transition to federalism, describing the move as an attempt to entice the Senate to jump on the charter change bandwagon.
— Philippine Daily Inquirer

Duterte to appoint Chinese businessman as NFA chief
President Rodrigo Duterte on Tuesday said he will appoint a long-time Chinese rice trader as the new head of the National Food Authority (NFA).
— CNN Philippines

House panels clear Resorts World of liabilities despite 38 dead
Three committees of the House of Representatives are not recommending charges to be filed against Resorts World Manila following the attack of a lone gunman, who set the casino on fire, killing 38 people.
— Rappler

PH still ‘interesting market’ for ITBPO firms: IBPAP
The Philippines continues to be an interesting market for information technology and business process outsourcing (ITBPO) companies, IT and Business Process Association of the Philippines (IBPAP) President Rey Untal said.
— Philippine Canadian Inquirer

Philippines security token exchange readies for trading in Hong Kong
Inbase Partners, a Taiwan-based adviser for companies issuing digital tokens, said its licensed security token exchange CEZEX in the Philippines will start offering trading services in Hong Kong in the first quarter of 2019, vying to become the first exchange that offers regulated security token trading.
— South China Morning Post

Velarde firm sues NTC over 3rd telco bidding rules
NOW Telecom Company, Inc. is suing the National Telecommunications Commission (NTC) over alleged insertions of new requirements in the terms of reference for the new major telecommunications player.
— BusinessWorld Online

 

Feature photo JL Javier

This week’s Philippines morning news feature photo acknowledges World Mental Health Day, October 10.

 

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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