Philippines morning news for September 14

Philippines morning news for September 14
Estimated Reading Time: 7 minutes |

Philippines morning newsP1.1-B worth of cash, relief goods for ‘Ompong’ affected areas
With Typhoon Ompong threatening to hit a large part of the country, National Disaster Risk Reduction and Management Council (NDRRMC) executive director Ricardo Jalad said some PHP1.1 billion worth of cash and other relief items have been prepositioned in Regions 1 (Ilocos), 2 (Cagayan Valley), 3 (Central Luzon), and the Cordillera Administrative Region.
— Philippine News Agency

‘Full-blown food crisis’: Philippines president denies rice shortage amidst calls for state of calamity
Philippines president Rodrigo Duterte has denied that there is any rice shortage in the country despite senators calling it a ‘full-blown food crisis’ and urging him to declare a state of calamity.
— Food Navigator-Asia

Hot money inflows highest in 4 months
Foreign portfolio investment inflows hit a four-month high of $225.85 million in August, reversing a net outflow of $57.52 million in the same month last year on the back of good second quarter corporate earnings results.
— The Philippine Star

Consortium allots P15B for national ID system
Aboitiz Equity Ventures Inc. (AEV) and its partners are budgeting P15 billion to finance their proposed infrastructure for the national ID system.
— Malaya

Agriculture chief says ‘Ompong’ may damage 1.2M hectares of rice, corn fields
The agriculture sector may suffer further from the onslaught of Typhoon Ompong.
— CNN Philippines

Aboitiz-Ayala group to allot P15B for proposed ID system
A CONSORTIUM led by the Ayala and Aboitiz groups will be shelling out P15 billion for its proposal to design and develop the infrastructure for the country’s national identification (ID) system.
— BusinessWorld Online

UN decries ‘shameful’ reprisals on human rights activists in 38 countries, including PHL
The United Nations listed 38 “shameful” countries including China and Russia which it said had carried out reprisals or intimidation against people cooperating with it on human rights through killings, torture and arbitrary arrests.
— Philippines Magazine

Rising temperatures will mean more deaths globally, say scientists
Failure to meet global targets to limit rising temperatures will mean more heat-related deaths, researchers said on Thursday.
— Reuters

Electronic exports up 5.38% in Jan-July
ELECTRONIC exports increased by 5.38 percent in the first seven months of 2018 to $21.61 billion (P1.15 trillion as of July 31) from $20.51 billion in the same period last year, the Semiconductor & Electronics Industries in the Philippines Foundation Inc. (Seipi) said on Thursday.
— The Manila Times

Economic team wants reforms ASAP: Immediate measures needed to address supply issues
An executive order (EO) that will remove administrative and non-tariff barriers on the importation of food items to temper inflation has been submitted yesterday by the Economic Development Cluster (EDC) to the Office of the President for implementation starting this month, the National Economic and Development Authority (NEDA) said.
— Malaya

Surging imports, inclement weather weigh down PH shipping
Aside from a weak peso, the local shipping industry is also weighed down by port congestion and the threat of inclement weather.
— ABS-CBN (video)

Tight liquidity due to lending, dollar demand leads to TDF offer cut
THE CENTRAL BANK decided to reduce offerings under the term deposit facility (TDF) amid robust lending and higher dollar demand, reflecting tighter liquidity in the market.
— BusinessWorld Online

US investors lukewarm on New Clark City — DOF
The Department of Finance (DOF) has questioned the lack of US investors’ interest in the government’s project to develop Clark Freeport Zone, a former US military base, into the country’s next metropolis.
— The Philippine Star

24 areas under Signal No. 1 as Typhoon Ompong slows down
The number of areas under Signal No. 1 rose to two dozen on Thursday morning, September 13, as Typhoon Ompong (Mangkhut) slowed down over the Philippine Sea.
— Philippines Magazine

Cebu City incurs P1-B losses in SRP loan
AFTER 22 years, the Cebu City government has incurred P1 billion net foreign exchange loss in paying for the South Road Properties (SRP) loan.
— BusinessWorld Online

Duterte threatens to personally select third telco
Philippines president Rodrigo Duterte has stated he will personally intervene in the selection process for the nation’s third telco and name the new player himself if no decision is made by November.
— Telecomasia.net

Preemptive evacuation begins in areas along ‘Ompong’s’ path
Preemptive evacuation in regions that will be heavily affected by Typhoon “Ompong” has begun, National Disaster Risk Reduction and Management Council (NDRRMC) spokesperson Edgar Posadas said Thursday.
— Philippine News Agency

Makati wrecks 282 structures encroaching on city streets
The Makati City government has demolished 282 structures encroaching sidewalks and streets in various villages in line with its continuing clearing operations aimed to maintain its reputation as a “walkable streets” city and environmentally-progressive community in Metro Manila.
— Manilastandard.net

Signal No. 3 raised in Isabela as ‘Ompong’ maintains strength
Signal No. 3 was raised in Isabela as Typhoon “Ompong” (international name Mangkhut) continues to threaten Northern Luzon with its heavy rain and strong winds, the state weather bureau said early Friday.
— Inquirer.net

3 firms interested to develop BGC site into energy center
THE Philippine National Oil Co. (PNOC) said three companies have indicated their strong interest to develop the state firm’s 5.3-hectare site in Bonifacio Global City into an energy center, which will include a so-called Tower of Power.
— Business Mirror

PRRD on Trillanes’ arrest: ‘I don’t have the interest’
President Rodrigo Duterte on Thursday said nobody, including him, is interested to arrest Senator Antonio Trillanes IV.
— Philippine News Agency

Gov’t set to remove food import barriers this month
The National Economic and Development Authority (NEDA) said today that the government will remove administrative and non-tariff barriers on the importation of food items this month to temper the skyrocketing consumer prices.
— Manila Bulletin

Philippines in UN list of countries that retaliate vs rights defenders
The Philippines is included in the United Nations’ list of countries that it said has carried out the “shameful practice” of harsh reprisals and intimidation against human rights defenders and activists.
— Philippines Magazine

Carriers mull over flight cuts to lessen tourist visit to Boracay
THE Department of Tourism (DOT) will be asking the country’s various airlines to reduce their number of flights to Kalibo and Caticlan in an effort to limit the number of tourists going to Boracay Island.
— Business Mirror

Duterte hikes Asian Games gold winners’ bonus to P8-M each
President Rodrigo Duterte on Wednesday vowed his continued support to the Philippine sports as he increased the cash bonus of gold winners in the recently-concluded Asian Games in Palembang-Jakarta to PHP8 million each.
— Philippine News Agency

Philippines typhoon: Millions in the path of the year’s strongest storm
Philippine authorities have begun evacuating thousands of people in the path of the most powerful typhoon of the season, closing schools, readying bulldozers for landslides and placing rescuers and troops on full alert in the country’s north.
— ABC News

NFA prepositions rice stocks in areas to be hit by ‘Ompong’
The National Food Authority (NFA) said Thursday it has prepositioned food security stocks in areas along the track of Typhoon Ompong, which was projected to hit the northern part of the country on Friday.
— Northbound Philippines

SMC confident investors will buy $2.7 B worth of shares in food unit
San Miguel Corp. (SMC) said it was confident of attracting investors to buy up to a $2.7-billion stake in its food and beverage unit, the Philippines’ biggest secondary share offering.
— Manila Bulletin

Banks given Nov. 30 deadline to include ACHs in e-channels
BANKS that offer InstaPay and PESONet are given until November 30 to make available on their electronic banking (e-banking) channels these payment platforms.
— Business Mirror

PITC offers to import 3m bags of rice
PHILIPPINE International Trading Corp., an attached agency of the Trade Department, proposed to import up to 150,000 metric tons or 3 million bags of rice to augment the current stock of the National Food Authority.
— Manilastandard.net

Regional centers to speed up technology transfer
The Philippine Center for Postharvest Development and Mechanization (PHilMech) will establish Regional Technology Management and Demonstration Centers (RTMDCs) that will help spearhead the agency’s efforts to commercialize its technologies and help form more agribusiness enterprises in the rural areas.
— The Manila Times

Philippines falls to Iran, stays in top 3 of Group F in World Cup qualifiers
The Philippines bowed to Iran, 81-73, in the second round of the group stage of the 2018 Fiba World Cup Asian Qualifiers Thursday at Azady Gym in Tehran.
— Inquirer.net

 

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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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