Philippines morning news for February 11

Philippines morning news for February 11

Philippines morning newsBIR eyes $7.3-million Korean grant for invoice system
The government plans to tap a $7.3-million grant from the Korea International Cooperation Agency to implement the first phase of the electronic invoicing system mandated under the Tax Reform for Acceleration and Inclusion Act.
— Manilastandard.net

The Philippines may forego $1.5 billion remittances
The Philippines stands to lose as much as $1.5 billion worth of remittances due to the projected 10 to 15 percent decrease in the deployment of overseas Filipino workers particularly to the Middle East due to declining global oil prices.
— The Philippine Star

House panel to continue hearings on alleged budget anomalies even after P3.757-trillion allocation hurdled bicam
The House appropriations committee will continue hearings on the alleged anomalies in the P3.757-trillion national budget despite it having been passed by the bicameral conference committee.
— Eagle News

PH, Japan exchange notes on P24-B road, bridge projects
The Philippine and Japanese governments on Sunday signed an exchange-of-notes for the construction of 150 kilometers of roads and 40 bridges worth PHP24 billion under the Road Network Development Project in Conflict-Affected Areas in Mindanao.
— Philippine News Agency

BSP sees little inflation risk from El Niño
INFLATION will not zoom past target this year despite threats of a dry spell, a senior central bank official said, citing ample buffer stocks of rice to keep price hikes at bay.
— BusinessWorld Online

Claims vs Hanjin at P48B, long rehab process seen
LAWYERS expect a long-drawn process in the rehabilitation case of South Korean shipyard operator Hanjin Heavy Industries and Construction Co.-Philippines (HHIC-Phil) Inc., as claims against it have risen to more than P40 billion.
— Business Mirror

Banks’ 2018 income boosted by rate hikes
Double-digit interest income growth allowed Philippine banks to post profit gains last year despite bad debts and investment losses.
— The Manila Times

Health sector gets P21.5 billion budget boost
The health sector got a major boost in the P3.7-trillion General Appropriations Bill (GAB), getting over a fifth of the P100-billion increase in the budgets of several departments and constitutional offices this year.
— The Philippine Star

Over 190 earthquakes jolt Philippines town
More than 190 earthquakes have jolted a town in the Philippines in the last two days, authorities said on Sunday.
— Business Standard

Philippines rice imports to hit 2.3 million MT this year
The Philippines will continues to import more rice this year as local production will still not be able to cover the national demand for the country’s main staple and as the government moves toward the liberalization of the industry.
— The Philippine Star

Red Cross needs volunteers in measles fight:
The Philippine Red Cross needs volunteers to help save children who are most vulnerable in an outbreak of measles that hit large swaths of the country, an official said Sunday.
— ABS-CBN News

Imee wants term limits removed; Diokno recalls how Marcos prolonged regime
Ilocos Norte Governor Imee Marcos favors removing term limits of elected officials saying it does not deter political dynasties, but even worsens it.
— GMA News

Volunteers collect 11 tons trash after Sinulog 2019
The Cebu City Government collected a total of 11 tons of garbage from the 50 eco-stations deployed by the Cebu City Government for this year’s Sinulog celebration last January 19 to 20.
— Philippine Information Agency

Bridge, power, sewerage system crucial to Samal
Crucial to the development of the Island Garden City of Samal (IGaCoS) as a tourism site are a bridge to Davao City, sufficient power supply and a centralized sewerage system.
— Philippine Information Agency

National government projects in the ARMM to proceed under BARMM
There will be no adjustments and cancellations of flagship projects under the Duterte Mindanao 2030 in areas to be placed under the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
— Davao Today

DA bans pork imports from Japan
The Department of Agriculture (DA) has imposed a ban on the entry of pork and other pork products from Japan following reports of the spread of African swine fever (ASF) in the country.
— Malaya

No final list of appointees yet to Bangsamoro Transition Authority –OPAPP
The Office of the Presidential Adviser on the Peace Process on Sunday clarified that no list of appointees to the Bangsamoro Transition Authority has been released yet, contrary to posts circulating in social media.
— GMA News

Senate approves Murang Kuryente bill
The Senate has approved on third and final reading a bill authorizing the use of the P207-billion Malampaya fund to pay off the stranded contract costs and stranded debt of the National Power Corp. (NPC).
— Malaya

Hanjin creditor banks to ask BSP for assistance
The creditor banks of Korean shipbuilder, Hanjin Heavy Industries and Construction Philippines, will seek assistance in any form from the Bangko Sentral ng Pilipinas (BSP) while they are resolving more than $400-million in combined loans to the beleaguered Korean shipbuilder.
— Manila Belletin

Warning of corruption risks, Duterte vetoes bill reconstituting PCA
PRESIDENT Duterte has vetoed the bill strengthening the Philippine Coconut Authority (PCA) because the proposed reconstitution of the agency even made it susceptible to corruption, Malacañang said.
— Business Mirror

Reduced ME deployment to hurt remittances more than ban on US visa – expert
The ban in US Visa for H2A and H2B workers will have a minimal effect on remittances coming from the US, but reduced deployment to the Middle East could have a strong negative impact on dollar inflows to the Philippines, according to a recruitment and migration expert.
— Manila Belletin

Davao Oriental secures P650M loan from DBP for various projects
THE DAVAO Oriental provincial government has secured a P650 million loan from the government-run Development Bank of the Philippines to fund several “high-impact” projects.
— BusinessWorld Online

Despite experience with typhoons, most Filipinos ‘not prepared for disasters’
Although the Philippines faces an average of 20 typhoons a year, only 36% of Filipinos feel they are completely prepared for disasters, according to a study by the Harvard Humanitarian Initiative (HHI) DisasterNet Philippines.
— Rappler

P341-M heavy equipment to accelerate road, flood-control projects in Compostela Valley
The provincial government of Compostela Valley has acquired some P341-million worth of heavy equipment to fast track its infrastructure projects, including flood-control systems.
— Philippine Information Agency

Metro Manila police to recommend ‘undesirable alien’ status for Chinese woman in ‘taho’ incident
Metro Manila police are recommending an “undesirable alien” status for the Chinese national who threw “taho” at a Metro Rail Transit (MRT-3) cop enforcing the liquids ban.
— CNN Philippines

30,000 jobs offered to displaced Hanjin workers
Around 30,000 jobs were offered to affected workers of Hanjin Heavy Industries and Construction Philippines at a job fair held at the Subic Bay Freeport yesterday.
— The Philippine Star

After Duterte’s offer on peace talks, Palace asks Sison to ‘step down from ivory tower’
Malacañang on Sunday called on Communist Party of the Philippines (CPP) founder Jose Maria “Joma” Sison to “step down from his ivory tower” and work on peace talks, after President Rodrigo Duterte made an offer to continue negotiations on Friday.
— CNN Philippines

DOT greenlights operation of 9 more hotels in Boracay
The Department of Tourism (DOT) has allowed nine more hotels and resorts to accommodate guests and tourists in Boracay island, which recently reopened after a massive rehabilitation that took 6 months to complete.
— ABS-CBN News

Economists see RRR cut this month
More economists are expecting the Bangko Sentral ng Pilipinas (BSP) to resume the reduction in bank’s requirement ratio as early as this month amid easing inflation.
— The Philippine Star

Israeli firm to submit P44-billion solar irrigation proposal
ISRAELI agro-industrial firm LR Group is set to submit a P44 billion proposal to the Philippine government this month to fund the deployment of 6,200 Solar-Powered Irrigation Systems (SPIS).
— BusinessWorld Online

PAL to do follow-on offering this year
PAL Holdings Inc. (PAL), tycoon Lucio Tan’s listed flagship airline company, may push through with its planned follow-on offering (FOO) this year following the entry of Japan’s ANA Holdings Inc.
— The Philippine Star

Bill discounting OFW remittance fees passes House on 2nd reading
A MEASURE granting migrant workers discounts on remittance fees has been approved on second reading at the House of Representatives.
— BusinessWorld Online

Ripple’s xRapid-powered Coins.ph to integrate with UnionBank of Philippines to launch crypto ATM
UnionBank of Philippines has announced its plans to launch cryptocurrency automated teller machines [ATM] wherein users can trade the digital assets for Philippine Pesos.
— AMBCrypto

Laguna wastewater and sanitation program lauded in 54th Anvil Awards
Laguna Water’s advocacy program, Tamang Sanitasyon Equals Kalusugan, Kalinisan, at Kaunlaran ng Bayan (TSEK ng Bayan), received a Gold Anvil Award for successfully bringing the importance of proper sanitation to more than half a million people in the Province of Laguna during the recently concluded 54th Anvil Gabi ng Parangal held at the Marriott Grand Ballroom, Pasay City
— Manilastandard.net

Muslims join hands with Christians to secure Mass in Basilan
Young Moro and Christian professionals on Sunday trooped to Santa Isabel Cathedral in this city and joined their hands to form a human barricade to secure a Mass being celebrated there.
— Inquirer.net

Globe says NO to plastic, launches ‘Wag Sa Single Use Plastic’ campaign
Globe Telecom has joined several organizations that have taken a stance against the proliferation of plastics by instituting a ban on single use plastics within its headquarters at The Globe Tower.
— Manilastandard.net

New BIR forms under Train
Last year, we discussed Revenue Regulations (RR) 8-2018, which implements the income tax provisions of Republic Act (RA) 10963, or the “Tax Reform for Acceleration and Inclusion” (Train) Law.
— The Manila Times

Mangudadatu defends martial law; Macalintal says it has no basis
Unless the Human Security Act is amended, martial law is needed in Mindanao to address terrorism, said Maguindanao Rep.
— GMA News

JV Ejercito favors lowering age of criminal liability; Chavez opposes
Senator Joseph Victor Ejercito is pushing a harsher penalty for the exploitation of children even as he favors lowering the age of criminal liability to 12.
— GMA News

PNP press corps to be created in Davao del Norte
Police Senior Supt. Ferlu Silvio (center) guesting at Kapihan sa Kapitolyo. Silvio welcomes the idea of a PNP press corps in Davao del Norte. T
— Philippine Information Agency

Public warned anew of scams
DAVAO City Mayor Sara Duterte-Carpio warned anew the public about financial scams that promise hefty returns.
— Sun Star

Water crisis looming?
MOST people in the far-flung areas of Davao City are still complaining about the inconsistent water supply, if not none at all, in their area despite the “development explosion” the city is experiencing brought about mainly by the election of the city’s former mayor, Rodrigo R. Duterte, into presidency.
— Sun Star

ZAMBOECOZONE now ISO 9001:2015 certified
As a result of years of preparation and fine tuning their systems, the Zamboanga City Special Economic Zone Authority attained its ISO 9001:2015 Certification last Monday (February 5).
— Philippine Information Agency

30 Chinese cooks, vendors, hairstylists arrested
The Bureau of Immigration has arrested 30 Chinese nationals for working without permits in several establishments in Parañaque City.
— Inquirer.net

LTFRB suspends buses of firms in fatal Compostela Valley road mishap
The aftermath of the deadly vehicle accident involving the buses of Metro Shuttle and Bachelor Express in Nabunturan, Compostela Valley on February 4 which claimed the lives of eight passengers.
— Philippine Information Agency

Senate panel to push higher tax on tobacco when session resumes
THE SENATE Ways and Means committee will submit for plenary action a measure to raise the excise tax on tobacco products when Congress resumes session in May, even if there will be little time left by then to ensure enactment.
— BusinessWorld Online

PH participates in Asean Tourism Forum 2019 in Vietnam
WITH an estimated $475,000 business leads generated, the Philippines participation in the recently concluded Asean Tourism Forum (ATF) was a resounding success for the Tourism Promotions Board (TPB) with the Department of Tourism (DoT), held in Hanoi, Vietnam.
— The Manila Times

SMC Global Power plans to raise up to P30B from bond issue
SMC GLOBAL Power Holdings, Corp. plans to raise up to P30 billion from the issuance of bonds, which have been rated of the highest quality by a local debt watcher.
— BusinessWorld Online

PRRD to distribute land titles, open new capitol building in Buluan
BULUAN, Maguindanao, Feb 10 (PIA) – President Rodrigo Roa Duterte will visit Buluan town in Maguindanao on Monday, February 11, to hand over land titles to nearly 800 farmers in the province and formally open the new Provincial Government Center in Buluan town.
— Philippine Information Agency

Maa Slaughterhouse Bypass Road inaugurated
The Maa Slaughterhouse bypass road in Davao City was inaugurated today , with Public Works Secretary Mark Villar and City Mayor Sara Duterte leading the ceremony with a drive-through of the new road.
— Philippine Information Agency

The Philippines raises bar with record 56 sports
A record 56 sports will set a new trend and practically raise the bar when the country hosts the 30th Southeast Asian Games from Nov. 30 to Dec. 11 this year.
— The Philippine Star

 

Feature photo End Rabies Now

This week’s Philippines morning news feature photo acknowledges World Radio Day February 13.

 

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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