Philippines morning news for June 3

Philippines morning news for June 3

Philippines morning newsNational Government borrowings reach P624 billion in 1st quarter
The national government’s borrowings in the first quarter tripled to P623.6 billion following the issuance of Retail Treasury Bonds (RTBs) to small investors last March, according to the Bureau of the Treasury.
— The Philippine Star

PEZA okays P29-B investment pledges in 4 months
The Philippine Economic Zone Authority (PEZA) has approved a total of PHP29.49 billion worth of investment pledges in the first four months of 2019, data from the investment promotion agency showed.
— Philippine News Agency

Domestic liquidity expands to P11.7 T – BSP
The Bangko Sentral ng Pilipinas (BSP) reported that domestic liquidity – measured as M3 – grew by seven percent year-on-year in April to P11.7 trillion.
— Manila Bulletin

Philippines, Japan mull peso-yen direct trading
THE PHILIPPINES and Japan are looking at the possibility of setting up a peso-yen direct trading framework in a bid to encourage wider use of both currencies and deepen bilateral ties.
— BusinessWorld Online

DoE endorses 10 power projects
THE Department of Energy (DoE) has endorsed 10 energy projects, mostly renewable-energy (RE) ones, including those of subsidiaries of the Aboitiz, Lopez and Consunji groups, since the start of the year.
— The Manila Times

UK, PH ties up for anti-sexual abuse, wildlife, educ programs
British Ambassador to the Philippines Daniel Pruce seeks to build a stronger bilateral relationship through anti-online sexual exploitation, anti- illegal wildlife trade, and education programs between United Kingdom (UK) and the Philippines especially Cebu.
— Philippine Information Agency

Safe to invest in PH, Duterte assures
It is safe to invest in the country although there are some parts of the South facing threats from the Abu Sayyaf Group, President Duterte assured potential investors recently.
— Tempo

Trade union leader shot dead in Cavite
A member of the labor alliance Partido Mangggagawa (PM) was shot and killed in Tanza town in Cavite province on Sunday, in an attack which the group said targeted union activists.
— Inquirer.net

Philippines military completes outpost near Taiwan
The Philippines military has completed construction of an outpost and shelter only 80 kilometers from Taiwan’s shores according to a video report from Aljazeera.
— Taiwan News

Philippines’ Duterte tells stunned crowd he ‘used to be gay’
THE PRESIDENT of the Philippines told a crowd in Japan he used to be gay but was cured by ‘beautiful women’ – before inviting four women on stage to kiss him.
— New Straits Times

Major infra projects lined up to ease traffic
San Miguel Corp. (SMC), the country’s diversified conglomerate, is preparing big-ticket infrastructure projects to help decongest traffic in Metro Manila, including a proposed bypass and terminal for provincial buses that will not pass along EDSA.
— The Philippine Star

CA affirms P24.7-million copyright case vs Chinese firm
The Court of Appeals (CA) has upheld the civil liability of a Chinese company and its local partners for copyright infringement on textbooks of a local publishing firm.
— The Philippine Star

BIR requires TIN of foreign workers
The Bureau of Internal Revenue (BIR) over the weekend reiterated that foreigners and nonresident aliens planning to work in the Philippines must secure their Taxpayer Identification Number (TIN) after estimates indicated the government is losing billions in income taxes from unregistered foreign workers.
— The Manila Times

Regional income disparity widens in Philippines
INCOME DISPARITY across the Philippines’ regions has widened, which means the rich are getting richer and shows that population growth dampens the rise in income, according to the National Economic and Development Authority (Neda).
— The Nation

Govt issues tight quarantine rules vs African swine fever
All kinds of animal meat, fresh, frozen, cooked or uncooked, or canned from countries struck by African swine fever (ASF) will not be allowed at the Ninoy Aquino International Airport (Naia) and other seaports, according to the guidelines released by the Bureau of Quarantine (BOQ).
— Business Mirror

Gold to dominate PH’s mining sector
The Philippines, one of the world’s top nickel producers, will see gold contributing more to its total metals output for the year as impact of mines suspension and closure continue to linger.
— Manila Bulletin

EU countries must clear donations to NGOs in PHL with DFA—Locsin
All donations by nongovernment organizations (NGOs) to their affiliates in the Philippines should be cleared first with the Department of Foreign Affairs (DFA), according to Foreign Affairs Secretary Teodoro Locsin Jr.
— Business Mirror

Pampi tells DA to tweak imports halt bid; asks FDA to name brands in recall
LOCAL meat processors have joined the call of importers for the Department of Agriculture (DA) to adopt a scientific basis in proposing a two-month moratorium on purchasing meat products from “high-risk” countries, or those near African swine fever (ASF)-affected states.
— Business Mirror

Q4 2018 labor turnover flat from third quarter
LABOR TURNOVER in the country’s large firms steadied in the fourth quarter compared to the previous quarter, according to the Philippine Statistics Authority (PSA).
— BusinessWorld Online

Cash supply uptick in April fast but tame
CASH supply circulating in the economy grew slightly faster in April but remained at a tame single-digit level during the month, the Bangko Sentral ng Pilipinas (BSP) said.
— Business Mirror

Price hikes could have steadied from Apr.
THE OVERALL RISE in prices of widely used goods likely slowed from a year ago in May though it could have steadied at April’s 16-month-low pace, according to a poll of economists late last week, even as the central bank’s estimate on Friday bared expectation that May could have paused a monthly inflation decline seen since November 2018.
— BusinessWorld Online

UPDATED: Seven people, including a 3-year-old boy, hurt in blast in Manila; LPG tank leak eyed
Seven people, including a 3-year-old, were hurt in a blast in Manila on Sunday, June 2.
— Eagle News

PHL, Korea mark 70th anniversary of diplomatic ties with Friendship Parade
The Philippines and the Republic of Korea on Sunday marked the 70th anniversary of their diplomatic relations via a Friendship Parade on Roxas Boulevard in Manila.
— GMA News

Dutch birdwatcher held by Abu Sayyaf rebels killed by captor in Philippines during firefight, says military
A Dutch birdwatcher held by Islamic State-linked militants was killed Friday during a firefight between his kidnappers and soldiers in the southern Philippines, according to the military, which said he was shot by his captors as he tried to escape. Ewold …
— Eagle News

ASOG-backed Bangsamoro portal launched
Residents of the Bangsamoro region as well as the country’s keen professional netizens can now engage in online discussions, access information, or listen to experts speak on self-governance as well as public finance management in moral reforms being pushed by its fledgling leadership.
— Manilastandard.net

GCash innovations enable growth of ‘gig’ economy
GCash which has a user base of 20 million mostly young, working Filipinos has tailored its mobile financial platform to fuel the growth of the country’s gig economy.
— Manilastandard.net

LTFRB suspends P2P policy for UV Express
The Land Transportation Franchising and Regulatory Board has suspended the implementation of the point-to-point (P2P) policy for UV Express vehicles for two weeks.
— CNN Philippines

BIR to implement estate tax amnesty mid-June
Heirs of those who died with outstanding estate tax liabilities may find some relief in the latest issuance of the Bureau of Internal Revenue.
— CNN Philippines

COA: Most funds for waterways rehab used in 2018, but projects unfinished
The Commission on Audit (COA) found that the Pasig River Rehabilitation Commission (PRRC) reported low accomplishment rates for projects involving Metro Manila waterways, despite using 96% of funding in 2018.
— Rappler

New deals, business matching with Japan firms to boost exports
The various Japanese investment deals forged during President Duterte’s visit to Japan will fuel the country’s manufacturing resurgence, according to Trade and Industry Secretary Ramon M. Lopez.
— Manila Bulletin

Philippines rallies world to help save rare Philippine eagle from extinction
The Philippines has launched a renewed campaign to celebrate the life of its national bird, the Philippine Eagle, and increase awareness on efforts to save the critically endangered rare bird from extinction.
— Xinhuanet

DOLE to hold job fairs nationwide on June 12, 2019
The Department of Labor and Employment (DOLE) will hold job fairs in 21 different locations across the regions on Independence Day.
— GMA News

Internet speed in PH doubles from Q3 2016 to Q1 2019 — report
Fixed broadband internet speed in the Philippines doubled from the third quarter of 2016 to the first quarter of 2019, a global internet speed tracker showed.
— Inquirer.net

CHED, US colleges partner to push internationalization of education
The Commission on Higher Education has signed a memorandum of understanding with the Center for Global Advancement of Community Colleges (CGACC) to push for the internationalization of Philippine higher education institutions (HEIs).
— GMA News

Group urges Congress to probe killing of labor leaders
A workers’ group called for a congressional inquiry into the killing of labor leaders after another union organizer was shot dead in Cavite by unidentified assailants on Sunday.
— Inquirer.net

Filipino students in Thailand choose transnational education
“I’m very excited to attend my classes in June,” says Arian Mijares, a 17-year-old incoming Grade 11 student.
— Inquirer.net

More troops deployed to Sulu to fight ASG, local terrorist groups
Philippine Army spokesman Lt. Col. Ramon Zagala has said the deployment of additional troops to Jolo, Sulu will greatly help in the military’s efforts to eradicate the Abu Sayyaf Group and other local terrorists groups.
— Tempo

Group hopes Senate will pass sin tax reform bill before Congress adjourns
The Sin Tax Coalition is optimistic that the Senate would approve the measure seeking to increase the current excise tax of tobacco products, or the Sin Tax Reform Bill, before the 17th Congress adjourns.
— GMA News

Tulfo brothers lose PNP, Marine security details
The Tulfo brothers lost their security details from the Philippine National Police (PNP) and the Philippine Marines coincidentally after one of them angered members of the uniformed services, Rappler learned on Sunday, June 2.
— Rappler

Bato willing to inhibit self from Senate probes into war on drugs
Senator-elect Ronald Bato Dela Rosa on Sunday said he is willing to inhibit himself from investigations on the bloody war on drugs implemented during his term as Philippine National Police chief should he eventually take the helm of the Senate Committee on Public Order and Dangerous Drugs.
— GMA News

Comelec to review bidding procedures following Duterte’s remarks against Smartmatic
THE Commission on Elections (Comelec) will review its procedures in awarding contracts to election technology providers, following President Rodrigo R. Duterte’s remarks Thursday night against Smartmatic.
— BusinessWorld Online

Chinese national, 16 others charged with drug trafficking
THE Philippine Drug Enforcement Agency (PDEA) filed a criminal complaint before the Department of Justice against a Chinese national and 16 others for the importation of P1.8 billion-worth of shabu discovered last March at the Manila International Container Port (MICP).
— BusinessWorld Online

Drilon: Current minority bloc members have “no complaints” about Sotto as Senate President
Current members of the minority bloc in the Senate have “no complaints” about Senator Tito Sotto as leader of the Upper Chamber.
— Eagle News

Overcharging tricycles in Imus City denounced
Residents have denounced the overcharging and other abuses being committed by some drivers of public transport tricycles in Imus, the capital city of Cavite.
— Tempo

De Lima allays fears new 4Ps law will make beneficiaries too reliant on gov’t “cash dole-outs”
Senator Leila de Lima has allayed fears the new law institutionalizing the Pantawid Pamilyang Pilipino Program (4Ps) would make its intended beneficiaries too reliant on government’s cash doleouts.
— Eagle News

South Korea to make visa applications for Pinoys easier
The South Korean government is planning to make its country more accessible to Filipino tourists by making applications for visa easier, its envoy said on Sunday.
— GMA News

New 47th IB commander vows sustained partnership for peace
After rendering a stellar performance as commanding officer of the 47th Infantry “Katapatan” Battalion (47IB) for two years and 18 days, Lieutenant Colonel Eufracio Malig Jr., steps off and hands the command flag to Lieutenant Colonel Ramir Redosendo, in a simple but fitting turn-over of command rites officiated by no less than 3rd Infantry Division Presiding General Officer and 37th commander, General Dinoh Dolina at the Camp Lino Chatto in Cabulijan Tubigon, May 28.
— Philippine Information Agency

 

Feature photo Rotary Club of Makati

This week’s Philippines morning news feature photo acknowledges World Environment Day, June 5.

 

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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