Philippines morning news for July 25

Philippines morning news for July 25

Philippines morning news

South China Sea warning: Beijing to starve the Philippines by taking ‘all the fish’
PHILIPPINES’ Justice Secretary, Antonio Carpio, has warned Beijing will overfish in the South China Sea.
— Express.co.uk

Vietnam risking armed hostilities with China in standoff – Palace
Vietnam is “risking armed hostilities” with China with its reported deployment of vessels near an oil block in the South China Sea, Malacañang said Wednesday.
— CNN Philippines

President Duterte’s handling of West PHL Sea issue lauded in Chinese newspaper
President Rodrigo Duterte’s handling of the West Philippine Sea issue has been hailed in a Chinese newspaper.
— Eagle News

Ease of business, new infra will make up for loss of some incentives, says official
Officials pushing a bill seeking to bring down corporate income taxes and rationalize fiscal incentives played down concerns that the measure will force foreign investors out of the Philippines and lead to job losses.
— ABS-CBN News

Senate can’t review verbal agreement on Chinese fishing – Sotto
Senate President Vicente Sotto III on Wednesday shrugged off the suggestion of Supreme Court Senior Associate Justice Antonio Carpio for the Senate to review the verbal agreement between President Rodrigo Duterte and Chinese President Xi Jinping that allowed the Chinese to fish in Philippine waters.
— Philippine Daily Inquirer

Timely passage of 2020 national budget assured by Senate, House
Both the House of Representatives and the Senate have assured that the proposed 2020 national budget will be passed on time.
— Eagle News

Philippines: Drop Sedition Cases Against Duterte Critics
Philippine authorities should drop cases for inciting sedition and other offenses against opposition politicians, religious leaders, and human rights advocates, Human Rights Watch said today.
— Human Rights Watch

DOTr completes 61 airports; building 4 railway projects
Halfway through the term of President Rodrigo Roa Duterte, the Department of Transportation (DOTr) has completed 61 airport projects nationwide, with 100 more ongoing, Secretary Arthur P. Tugade announced.
— Manila Bulletin

Tax uncertainty may force more foreign funds to relocate: German chamber
Foreign investors in the Philippines warn the removal of incentives in economic zones may force investors to move elsewhere in Southeast Asia, notwithstanding cheap labor in the Philippines.
— ABS-CBN News (video)

EU mobilizes €3-M humanitarian aid for PH
The European Union Delegation in Manila on Wednesday announced a total of €3 million in humanitarian assistance to communities affected by natural disasters and humanitarian crises in the Philippines.
— Philippine News Agency

Zero % duty on capital equipment extended
President Rodrigo Duterte has extended by three years the grant of zero percent duty on capital equipment by enterprises registered under the Board of Investments.
— Manilastandard.net

Du30 to sign bill increasing excise tax on tobacco products
President Rodrigo Duterte will sign this week a proposed law that will increase excise taxes on tobacco products, a finance official said Wednesday.
— Manilastandard.net

Morales, Del Rosario: Duterte ‘broke’ promise to protect PH territory
President Rodrigo Duterte “broke” his promise that he would not bargain the Philippines’ maritime territory during his visit to China in 2016, two former senior government officials have said, adding that “[w]e must stop giving China primacy over that of our own people.”
— Inquirer.net

Gov’t to proceed immediately with 5th round of SSL pay hikes
FINANCE Secretary Carlos G. Dominguez III said the government will proceed immediately with the fifth round of adjustments to public servants’ salaries under the Salary Standardization Law, adding that the Department of Finance (DoF) will file legislation soon instead of observing the usual interval between adjustments.
— BusinessWorld Online

Use of calamity fund eyed for dengue
SENATE President Pro Tempore Ralph Recto on Wednesday said the dengue epidemic might be more serious than thought and the Department of Health (DoH) might need additional funds to treat patients and contain the spread of the disease.
— The Manila Times

Fake Rabies Vaccines Found in the Philippines Again
Health officials issued a Medical Product Alert regarding 3 different falsified rabies vaccines and 1 falsified anti-rabies serum currently circulating in the Philippines.
— Precision Vaccinations

Credit Surety Fund releases P5.8 B loans to MSMEs
The credit enhancement program established by the Bangko Sentral ng Pilipinas (BSP) launched more than a decade ago paved the way for the release of P5.8 billion worth of loans to micro, small and medium enterprises (MSMEs), according to BSP Governor Benjamin Diokno.
— The Philippine Star

DOJ chief: Death penalty may deter serious crimes
JUSTICE Secretary Menardo Guevarra on Monday said that the reimposition of the death penalty may deter the commission of serious, or heinous crimes, in the country.
— Business Mirror

Corporate tax reform to attract foreign medical devices investment — Fitch unit
Passing the Duterte administration’s proposed corporate tax reform could help the Philippines corner foreign medical devices investments and boost the country’s competitiveness, a Fitch unit said Wednesday.
— The Philippine Star

US firms eyeing PHL as alternative amid trade war with China–envoy
THE Philippines will gain from the fallout of the US-China trade war as some American companies are relocating to the country, while those already in the country are expanding their operations, the country’s envoy to Washington said.
— Business Mirror

New coco levy bill to account for delays in P30-B worth of funding from asset sales
SENATOR Cynthia A. Villar, who chairs the Senate Agriculture committee, said the new Coconut Levy bill that will replace a measure vetoed in the last Congress will take into account a likely delay in P30-billion worth of funding, adding that she sees no problem with the delay since the government can tap other readily-available sources.
— BusinessWorld Online

NEDA says security of tenure bill requires more ‘balance’
THE National Economic and Development Authority (NEDA) said Senate Bill 1826, the proposed Security of Tenure (SoT) Act, needs to be “tweaked” to be more balanced and consider the possible impact on investment.
— BusinessWorld Online

‘Richer’ Filipinos give Citibank PHL 2nd rank in Southeast Asia growth
FILIPINOS are getting wealthier, Citibank says, as the country ranks the second fastest- growing segment of the international banking giant in terms of deposit volume.
— Business Mirror

New laws improve chances of hitting SDGs, NEDA says
THE National Economic and Development Authority (NEDA) said the chances of achieving Sustainable Development Goals (SDGs) have improved because of the laws passed this year.
— BusinessWorld Online

China’s Huawei, Philippine university ink agreement on cooperation
Chinese tech giant Huawei announced the signing of a Memorandum of Agreement (MoA) with the Polytechnic University of the Philippines (PUP) to help talents get access to Huawei’s high-end information and communications technology.
— Xinhuanet

PH’s capacity for innovation on the rise
The Philippines is steadily becoming more innovative as it faces the onslaught of domestic and global headwinds.
— Philippine News Agency

Govt urged to lower reliance on coal energy
Energy and environmental think tank Center for Energy, Ecology and Development on Wednesday asked President Rodrigo Duterte and his administration to come up with an executive order on how to “fast-track” the development of renewable energy sources while “reducing” dependence on coal.
— Manilastandard.net

Duterte to sign tobacco tax hike bill this week
President Rodrigo Duterte is expected to sign into law this week a measure that aims to raise the excise tax on tobacco products, a Finance official said on Wednesday.
— Philippine News Agency

DOH has overstocked drugs, medicines worth P18 billion — COA
The Department of Health (DOH) has accumulated P18.4 million worth of overstocked drugs and medicines yet to be distributed in 2018, the Commission on Audit (COA) said.
— GMA News

SEC shuts down 836 illegal lenders
The Securities and Exchange Commission (SEC) revoked the registration of 836 companies engaged in lending activities without the necessary licenses, the agency said on Wednesday, July 24.
— Rappler

Gov’t eyes ‘selective closure’ of El Nido in Palawan
After shutting down world-famous Boracay Island for 6 months, the government is now looking at closing some villages in Palawan’s El Nido.
— Rappler

NAPC taps P49 million fund for coconut farmers, fisherfolk
Coconut farmers will get a much-needed assistance to improve their earnings with a project to be implemented by the National Anti Poverty Commission (NAPC) that will use some P49 million left idle by the previous leadership of the commission.
— GMA News

DPWH-NegOr fast-tracking projects up to 2021
The Department of Public Works and Highways (DPWH) in Negros Oriental is fast-tracking several projects involving the widening of roads and bridges, in line with the administration of President Rodrigo Duterte’s “Build, Build, Build” program.
— Philippine News Agency

Security adviser Esperon concerned over number of Chinese in PHL
National Security Adviser Hermogenes Esperon has expressed concern over the increasing number of Chinese citizens in the country.
— GMA News

Traffic-related arrests up 160% in Central Visayas this year
The Land Transportation Office in Central Visayas (LTO-7) has apprehended a total of 25,112 traffic violators from January to June this year.
— Philippine News Agency

PSA says its birth certificates have no expiration date
The Philippine Statistics Authority (PSA) stressed that the birth certificates it is issuing do not expire.
— Eagle News

Lawmaker seeks longer term for House members, but shorter term in Senate
A lawmaker is seeking a one-year term extension for members of the House of Representatives and local government officials, but also proposes to shorten a senator’s term to just 4 years.
— Rappler

Cayetano’s speakership reign seen as short-lived
While newly installed Speaker Alan Peter Cayetano has prevailed over rival factions in the House of Representatives, including the Davao bloc led by President Duterte’s own children, his victory might be short-lived, an opposition lawmaker warned on Monday.
— Inquirer.net

PH one of fastest-growing markets for Youtube, says site official
The Philippines has become one of the fastest-growing markets for Youtube thanks to the rising numbers of content creators, an official of the video-sharing site said Wednesday.
— Inquirer.net

 

Feature photo CAUGHT (UP) IN TRAFFIC

This week’s Philippines morning news feature photo focuses on air quality throughout Asean.

 

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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