Philippines morning news for January 21

Philippines morning news for January 21

Philippines morning newsEvacuations ordered as ‘Amang’ nears landfall
Authorities have ordered mandatory evacuations in areas prone to floods and landslides, and the suspension of classes in Bicol region, particularly in Camarines Sur and Albay provinces, as Tropical Depression “Amang” approaches the country from the Pacific Ocean.
— Philippine Daily Inquirer

Inflation averages 5.2% in 2018: BSP
The Philippines’ average inflation last year settled above the 2018 inflation target range, even as price pressures eased during the fourth quarter, the Bangko Sentral ng Pilipinas (BSP) revealed in its latest quarterly report released Friday.
— Philippine News Agency

Jan-Nov GOCC subsidy up 34.65% to P134.47B
SUBSIDIES made by the national government to government-owned and -controlled corporations (GOCCs) and government institutions from January to November 2018 grew by 34.65 percent to P134.471 billion, from the P99.861 billion reported in the same period for 2017, Bureau of the Treasury (BTr) data showed.
— Business Mirror

Japan pledges USD202-M loan for Mindanao road network
The Japanese government on Friday pledged to provide the Philippines a loan of up to USD202.04 million (about PHP10.62 billion) for the construction of road networks in conflict-affected areas in Mindanao.
— Philippine News Agency

Inflation seen decreasing to 4.1% in 2019
Private sector economists who participated in a survey by the Bangko Sentral ng Pilipinas expect inflation rate to average 4.1 percent in 2019 and 3.8 percent in 2020, down from 5.2 percent last year.
— Manilastandard.net

Signal #1 raised over some parts of Visayas, Mindanao as TD ‘Amang’ makes landfall
Tropical depression (TD) Amang has made landfall over Siargao Island, Surigao del Norte at 8:00 p.m. on Sunday (January 20).
— UNTV

BSP tightens computation of banks’ net worth
The Bangko Sentral ng Pilipinas (BSP) has revised the method in computing the required capital of banks to ensure that it is comprised only of instruments that are of the highest quality to absorb losses.
— The Philippine Star

Davao backyard hog growers to build P10-M feed mill plant
The Davao Backyard Swine Raisers Association is planning to construct a P10 million feed mill facility to lower the cost of backyard farmers and improve the biosecurity of small steads.
— BusinessWorld Online

NEA lends over P2 B for power projects
The National Electrification Administration (NEA) has extended over P2 billion worth of loans for electrification projects to power cooperatives last year, which is way beyond its target.
— The Philippine Star

DSWD use of P1.8-B disaster fund questioned
Roughly P1.85 billion in disaster risk reduction and management (DRRM) funds allocated to the Department of Social Welfare and Development (DSWD) was beset by very poor liquidation, unreliable recording and irregularities in its release to beneficiaries in 2017.
— Philippine Daily Inquirer

Peso may weaken ahead of GDP
THE PESO will likely weaken a tad against the dollar this week amid mixed geopolitical and economic signals abroad, as investors await the release of gross domestic product (GDP) growth data.
— BusinessWorld Online

Loan growth to slow down
Online stock broker Colfinancial.com said loan growth of listed banks will grow 13.2 percent this year and 13.3 percent next year amid the dampening effect of last year’s rise in lending rates.
— Malaya

P23B investments boost water coverage
West zone concessionaire Maynilad Water Services Inc. said it had invested about P23.3 billion to improve wastewater infrastructure and expand sewerage coverage since its re-privatization in 2007.
— Malaya

DOT: 307 hotel, resort establishments accredited to operate in Boracay
The Department of Tourism (DOT) said that there are now 307 hotel and resort establishments that are accredited to operate in Boracay Island.
— Manila Bulletin

China Energy to invest USD4.4-B for cell towers in PH
Chinese state-owned firm China Energy Engineering Corp. (CEEC) is eyeing to invest around USD4.4 billion in building common cell towers that may be leased to telcos to ensure improvement in the delivery of their communication services.
— Philippine News Agency

Green gateway: New Bohol airport boosts local tourism
Bohol is set to be a top tourist destination in Asia with the opening of its “green gateway to the world”—the new Bohol-Panglao International Airport.
— Manilastandard.net

FDA issues public health warning against consumption of 5 unregistered products
The Food and Drug Administration (FDA) issued a public health warning against purchase and consumption of five unregistered food products for not going through proper registration and authorization from the agency and “may pose potential health hazard to the consuming public”.
— UNTV

Philippines’ richest man Sy dies in his sleep at 94
The Philippines’ wealthiest man, Henry Sy, who rose from being a penniless Chinese immigrant to leading a multi-billion dollar business empire, died, his conglomerate has announced.
— The Star Online

PNR to operate first PH-made train in March
THE Philippine National Railways will officially use its first-ever locally-made train developed by the Department of Science and Technology (DoST).
— The Manila Times

P18-B city budget for 2019 divides Makati council
Members of the Makati City Council seated on opposite sides of the political fence have blamed each other for the nonrelease of salary increases for over 10,000 city government employees starting this month.
— Philippine Daily Inquirer

Malacañang: Henry Sy Sr a ‘pillar of Philippine economy’
Malacañang on Saturday, January 19, recognized the late SM Group founder Henry Sy Sr as a “visionary” and a “pillar” of the Philippine economy.
— Rappler

The Bangsamoro plebiscite: Things you need to know
The Bangsamoro Organic Law (BOL) is envisioned to be a major step towards finally achieving lasting peace in Mindanao.
— CNN Philippines

QC teachers get longevity pay increase
QUEZON City Mayor Herbert M. Bautista has signed Ordinance 2782-2018, which increases the longevity pay of teachers to P400 for every five years of continuous service from P100.
— BusinessWorld Online

Over 900,000 affected by Cebuana Lhuillier data breach
More than 900,000 clients of Cebuana Lhuillier were affected by a breach that may have compromised their personal data, the local pawnshop said Saturday.
— ABS-CBN News

PH to limit sending maids to Middle East
THE Philippines will limit the deployment of household service workers (HSWs) to Middle East countries due to the prevalence of abuses, the Philippine Overseas Employment Administration said yesterday.
— Malaya

Asia Yachting wants to set up marine service hub in PHL
YACHT broker Asia Yachting plans to build a marine service center in the Philippines to replicate its success in Hong Kong, as it aims to further expand its dealership and brokerage business in the country.
— Business Mirror

Ex-govt official from Taiwan faces expulsion
Another former foreign government official who fled his country after allegedly committing fraud is facing deportation, the Bureau of Immigration (BI) said on Sunday.
— The Manila Times

Cebu ready to mark 500 years of Christianity in PH
The Archdiocese of Cebu is set to host various events to celebrate 500 years of Christianity in the Philippines in 2021, during which the Roman Catholic faithful in the country expect the presence of Pope Francis, Archbishop Jose Palma said Sunday morning.
—- Philippine News Agency

OFWs warned against illegal recruitment, fly-by-night Japanese language schools
THE Department of Labor and Employment (DOLE) warned Filipino workers against illegal recruitment and fly-by-night Nihongo language schools following approval by the Japanese parliament of an immigration law that would ease the entry of foreign workers into Japan’s labor force.
— The Manila Times

Radical reds hinder nationalism, economic growth: NYC chief
National Youth Commission (NYC) Chairman Ronald Cardema said on Sunday that he is campaigning for “unity and nation-building” and not advocating against youth militants.
— www.pna.gov.ph

Arroyo moves to lower age of criminal liability
House Speaker Gloria Macapagal Arroyo will move for the passage of a bill that will lower the age of criminal liability.
— Eagle News

Police, military on ‘full alert’ in Davao for BOL plebiscite
The Police Regional Office (PRO)-11 has placed all police units on ‘full alert’ as the Autonomous Region in Muslim Mindanao (ARMM) votes for the ratification of the Bangsamoro Organic Law Monday.
— Philippine News Agency

SC to convene panel overseeing Manila Bay cleanup
The Supreme Court is set to convene its committee to monitor the implementation of its 2008 decision that directed practically all government agencies, including those in law enforcement, to speed up the cleanup, restoration, and preservation of Manila Bay.
— Tempo.com.ph

De Lima calls for probe into “passport data breach” at DFA
(Eagle News)—Senator Leila de Lima has called for a probe into the “passport data breach” at the Department of Foreign Affairs. “The right to privacy is a fundamental human right and is central to the protection of human dignity.
— Eagle News

MRT 7 contractor pays P25,000-fine for causing heavy traffic along Elliptical Road in Quezon City
THE contractor of the Metro Rail Transit (MRT) 7 finally paid the Metropolitan Manila Development Authority (MMDA) P25,000 as penalty for putting up a 2-kilometer barrier along Elliptical Road in Quezon City without the agency’s permission and consequently causing heavy traffic in the area.
— The Manila Times

Bangsamoro autonomy vote aims to end decades of conflict in southern Philippines
Citizens in the southern Philippines will vote Monday on a proposal to give the region greater autonomy, a move the central government says will help end decades of violent conflict.
— South China Morning Post

Gov’t needs to future-proof Filipino workers
WITH the advent of the Fourth Industrial Revolution (4IR), government institutions, particularly public education, has to adopt a more open attitude to change to effectively develop a future-ready Philippine workforce, according to a panel of experts.
— Sun Star

GOJEK buying majority of local startup Coins.ph
Indonesia’s largest on-demand multi-service platform GOJEK is acquiring a majority stake in Philippine startup Coins.ph, one of the fastest-growing fintech companies in Southeast Asia.
— Manila Bulletin

IBM launches program to prepare students for ‘new collar jobs’
IBM has launched its technology education program that would prepare Filipino students for “new collar jobs” and making the Philippines the second country in ASEAN, after Singapore and 10th globally, to replicate the P-TECH model (Pathways in Technology Early College High).
— Manila Bulletin

Sugar prices fall as gov’t plans to liberalize importation
The Sugar Regulatory Administration (SRA) said the prices of sugar fell immediately after the government announced its plan to liberalize sugar imports.
— Manila Bulletin

DA to push for P200-B bond sale
Department of Agriculture (DA) Secretary Emmanuel Piñol has already identified four key investment areas as he expressed optimism that the Duterte administration will finally give the go signal on his proposed P200-billion bond issuance.
— Manila Bulletin

DOE sets conditions on planned WESM-Mindanao establishment
The Department of Energy (DOE) has laid down at least six conditions for it to firm up its go-signal on the establishment of the propounded Wholesale Electricity Spot Market (WESM) in Mindanao grid as targeted around June this year.
— Manila Bulletin

 

Feature photo Asian Development Bank

This week’s Philippines morning news feature photo acknowledges International Day of Education, January 24.

 

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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