Philippines morning news for April 10

Philippines morning news for April 10

Philippines morning newsGovt debt payments hit P99.8B in Feb
Government debt payments rose in February as higher amortizations offset a decrease in interest payments, data from the Bureau of the Treasury showed.
— The Manila Times

IMF expects growth to reach 6.5% in 2019
The International Monetary Fund expects the Philippine economy to grow 6.5 percent in 2019, faster than the 6.2-percent expansion last year, despite the external challenges.
— Manilastandard.net

608% congestion rate in metro jails alarms BJMP chief
The Bureau of Jail Management and Penology (BJMP) day officer-in-charge, Jail Chief Supt. Allan Iral, said on Tuesday that the congestion rate at jail facilities in the National Capital Region (NCR) is 608 percent.
— Inquirer.net

Philippines among top remittance recipients in 2018 — World Bank
The Philippines is among the top recipients of money transfers in 2018, which also saw remittances to poor and developing countries hit a fresh record and should become their largest source of external financing this year, the World Bank said Tuesday.
— The Philippine Star

Duterte: ISIS will never gain a foothold anywhere in PH
resident Rodrigo Duterte on Tuesday said the terrorist group Islamic State of Iraq and Syria (ISIS) would “never gain a foothold” in the Philippines as he promised to continue the Armed Forces of the Philippines’ Modernization Program.
— Inquirer.net

P1.15-B worth of ‘floating cocaine’ found in PH from February to April 2019
The Philippine National Police (PNP) reported Tuesday that about P1.15 billion worth of “floating cocaine” were found in the Philippines’ municipal waters from February to April 2019.
— Inquirer.net

Duterte approves ‘in principle’ EO to address water shortage
President Rodrigo R. Duterte has approved “in principle” the proposed executive order (EO) to address the water supply shortage in the country amid the ongoing El Niño or prolonged dry spell, a Palace official said.
— Philippine News Agency

Amnesty International Philippines re-launches ‘Sagot Mo Ba Ako?’
Human rights group Amnesty International Philippines has re-launched on Tuesday its regular electoral project ‘Sagot Mo Ba Ako?’ urging Filipinos to vote candidates in the May 13, 2019 mid-term elections who champion our common humanity as Filipinos.
— Manila Bulletin

RPT-Filling ‘Brexodus’ gap, Filipino nurses find English tests too daunting
Bracing for life after Brexit, British hospitals badly need more nurses like Filipino Jobie Escalona, but she twice flunked a mandatory English language test that asked her to write up the merits of immigration and computer education in school.
— Reuters

Accredited Boracay hotels reach 339
A total of 339 establishments are now cleared to operate in the world-famous island, Boracay, according to its inter-agency task force.
— The Philippine Star

Banks’ 2018 deposit base hits P12.74T
The total deposit liabilities of the domestic banking system further rose to a record-high of P12.745 trillion last year, the latest Philippine Deposit Insurance Corp. (PDIC) data showed.
— Inquirer.net

BIR: Tax amnesty on delinquencies starts on April 24
The much-awaited tax amnesty on delinquencies, aimed at providing taxpayers with long-due liabilities and pending criminal cases a clean slate, will start on April 24, the Bureau of Internal Revenue (BIR) said Tuesday.
— Philippine Daily Inquirer

Tax court voids P62.4-million BIR tax assessment
THE Court of Tax Appeals (CTA) ordered the Bureau of Internal Revenue (BIR) to refund or issue a tax credit certificate to industrial gas supplier Linde Philippines, Inc. over an erroneous tax deficiency amounting to P62.4 million.
— BusinessWorld Online

ADB, WB urged to coordinate dev’t efforts in Asia-Pacific
Finance Secretary Carlos Dominguez III has underscored the need for the Asian Development Bank (ADB) and the World Bank to closely coordinate efforts and explore their complementarities to more effectively accelerate sustainable development in the Asia-Pacific region, the Department of Finance (DOF) said in a statement on Tuesday.
— Philippine News Agency

Unescap predicts Philippine economy to grow by 6.5 per cent this year
The UN Economic and Social Commission for Asia and the Pacific (Unescap) expects the Philippine economy to grow by 6.5 per cent this year despite slowing growth across the region amid trade tensions between the US and China.
— The Phnom Penh Post

SEC issues rules on firms’ revival
The Securities and Exchange Commission issued draft guidelines on the revival of corporations whose terms had expired prior to the enactment of Republic Act No. 11232 or the Revised Corporation Code of the Philippines.
— Manilastandard.net

BSP approved 68 new branches in Q4 2018
The Bangko Sentral ng Pilipinas (BSP) has approved 68 new branch applications in the last quarter of 2018, of which 58 are for branch lite units.
— Manila Bulletin

Private sector takeover of Hanjin Heavy assets will take some time
A private sector takeover on the assets of bankrupt Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), a subsidiary of the Korean shipbuilder, will still take time, while questions remain unanswered on the proposed government takeover.
— Manila Bulletin

19 companies interested to build 50,000 telco towers nationwide
GIVEN the number of common towers to be installed, the Department of Information and Communications Technology (DICT) said 19 tower companies are interested to do business in the country.
— Business Mirror

Rice prices continue downtrend in March
Rice prices in the market continued to be on the downtrend since the start of the year, according to government data, and economic managers are expecting prices to decline even further now that the implementing rules and regulations (IRR) of the new rice law has been put in place.
— Inquirer.net

DAR turns over P23-M projects, lands to Zambo farmers
The Department of Agrarian Reform (DAR) has distributed some PHP22.9 million worth of projects aimed at boosting the livelihood of farming communities in three provinces in the Zamboanga peninsula.
— Philippine News Agency

Government prepares to fly out OFWs from Libya
THE Department of Foreign Affairs (DFA) reiterated on Tuesday that travel to Libya by Filipinos working in the conflict-affected areas will not be allowed until the situation in the country stabilizes and the alert level is lowered back to 2.
— Business Mirror

Cebu LGUs advised to watch out for landslides
The Cebu Provincial Disaster Risk Reduction and Management Office (PDRRMO) has advised some local government units (LGU) to monitor their mountainsides for possible landslides as Cebu is currently experiencing occasional rain showers.
— Philippine News Agency

Duterte hopes Filipinos will be inspired to uphold PH sovereignty
President Rodrigo Duterte stressed the importance of fighting for the country’s sovereignty as Filipinos commemorated the Day of Valor (Araw ng Kagitingan) Tuesday.
— CNN Philippines

New scheme: Cigarette tax stamps traded for sardines, noodles
Illicit tobacco traders have found a new scheme to skirt taxes: exchanging tax stamps found on cigarette boxes for sardines or a pack of noodles.
— Rappler

Cost of sending money to PH the lowest in region
High remittance costs are limiting the gains that migration delivers to poor and developing countries, the World Bank said, but the Philippines appears to be an exception.
— The Manila Times

‘Free tuition law directly benefits middle-income families, too’
The Universal Access to Quality Tertiary Education Act or Republic Act 10931—popularly known as the free tuition law—does more than just provide free tuition in state universities and colleges and local universities and colleges for students from poor families.
— Manilastandard.net

Duterte should clarify ‘compromise’ with China –maritime expert
Duterte said driving away the Chinese vessels by force would not have any positive result so there should be a compromise.
— GMA News

Obstacle course back in SEA Games
Six events that will be held in an obstacle course have been restored following the acceptance of Laos as a fourth country to join the event.
— Manilastandard.net

MMDA takes down ‘Province of China’ tarpaulins in Quezon City
The Metropolitan Manila Development Authority (MMDA) yesterday took down a tarpaulin, which referred to the Philippines as a province of China, that was hung from a footbridge in Quezon City.
— The Philippine Star

Davao’s durian production down by 20% due to El Niño
A local durian fruit producer here has lamented the impact of the El Niño phenomenon to the fruit production, expecting a plunge by 20 percent.
— Philippine News Agency

Over 4,000 caught in anti-littering campaign
THE METROPOLITAN Manila Development Authority (MMDA) reported on Tuesday that 4,316 violators were apprehended during its anti-littering operations in the first quarter of the year.
— BusinessWorld Online

Philippines central bank approves three new crypto exchanges
While the crypto industry has been in a bear market for the past year, crypto exchanges in the Philippines are expanding.
— CoinGeek

Maria Ressa wins surprise award at inaugural BOLD Awards
MANILA, Philippines – Rappler CEO and executive editor Maria Ressa was given a surprise award at the inaugural BOLD Awards , held last Friday, April 5, at the H-Farm innovation platform in Venice, Italy.
— Rappler

Palace says Duterte won’t tolerate police abuse, urges families to file charges over deaths of Negros farmers
Malacañang on Tuesday said President Rodrigo Duterte will not tolerate police abuse following accusations that the 14 farmers in Negros Oriental who died in a recent joint police-military operations were victims of summary execution.
— GMA News

Duterte critics lead Day of Valor rally vs China
Staunch critics of President Rodrigo Duterte led a protest against China in front of the Chinese consulate on Tuesday, April 9, a public holiday, in honor of Filipinos who died during World War II.
— Rappler

Dialogues necessary to address persistent fisheries’ challenges
Researchers and scientists from 20 countries all over the world underscore the need for discussions to address the ongoing challenges in the field of fisheries and aquaculture.
— Philippine News Agency

Duterte to appoint more military men in his administration
President Rodrigo Duterte served notice on Tuesday that more members of the military will soon join his administration, saying they fundamentally honest and industrious.
— GMA News

BI on heightened alert during Lenten break
Bureau of Immigration (BI) personnel in all the international airports and seaports starting Monday are on heightened alert in anticipation of the influx of passengers who would travel in and out of the country during the Lenten break.
— Philippine News Agency

BFAR issues ‘red tide’ warning on shellfish from 2 Davao towns
The Bureau of Fisheries and Aquatic Resources-Region 11 (BFAR-11) has warned the public against buying and eating shellfish products harvested from the coastal waters of two Davao region towns that were found positive for “red tide” toxin.
— Philippine News Agency

P50-M smuggled exotic animals seized in DavOr
Authorities on Monday confiscated 447 exotic birds and animals worth PHP50 million in Barangay Dahican, Mati City, Davao Oriental.
— Philippine News Agency

Mitsubishi sets sights on e-vehicle market
Mitsubishi Motors Philippines Corporation (MMPC) announced plans to further tap into the electric vehicle (e-vehicle) market, as demand grows for more environmentally-friendly cars .
— Rappler

DENR classifies 35 new potential sources of potable water
THE Department of Environment and Natural Resources (DENR) has identified 35 new potential sources of potable water in the country. Republic Act 9275 mandates the DENR to categorize water bodies–whether freshwater …
— The Manila Times

Sereno, PCIJ urged to file raps vs. Duterte
Malacañang on Tuesday dared former Chief Justice Ma. Lourdes Sereno and the Philippine Center for Investigative Journalism (PCIJ) to file charges against President Rodrigo R. Duterte if they believe that increases in his wealth are questionable.P
— Philippine News Agency

Makabayan solons mark Day of Valor by joining protest vs. China
Progressive lawmakers from the House of Representatives marked the Day of Valor on Tuesday with a call to the public to oppose and condemn China’s intrusion in the West Philippine Sea and the country’s economic affairs.
— GMA News

Senators honor Filipino soldiers
Senators on Tuesday honored Philippine soldiers in commemorating the Araw ng Kagitingan.
— Tempo

DoJ suspends 18 BI personnel for extorting from Koreans
The Department of Justice (DoJ) has suspended 18 Bureau of Immigration (BI) officers and employees for allegedly extorting some P9.2 million from South Koreans.
— Tempo

U.P. history teachers urge Filipinos to defend PH from China
The Department of History of the University of the Philippines (UP) Diliman reminded Filipinos to assert Philippine sovereignty and enforce the Hague ruling that invalidated China’s claim over the West Philippine Sea.
— Rappler

Why the first Filipino Food Month this April is more than just the food
From Ilokano dinengdeng to the Tausugs’s pianggang, this presidentially declared initiative is the first of its kind to put the focus on Philippine cuisine as a dynamic part of our cultural fabric
— ABS-CBN News

Philippines dominant crewing position under threat
he Philippines, the world’s dominant source of seafarers this century, is coming under severe pressure with the number of deployed crew dropping drastically last year and a host of top managers warning today that the country’s manning preeminence is under threat
— Yhe Medi Telegraph

 

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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. 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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