Philippines morning news for May 30

Philippines morning news for May 30

Philippines morning newsPH, Japan bare 26 business deals amounting to ₱288-B
The Philippines and Japan have announced 26 deals amounting to ₱288.8 billion in estimated investments during President Rodrigo Duterte’s visit to the East Asian country.
— CNN Philippines

GOCC dividend remittance jumped 45% from Jan to May–DOF report
The government is on track to meeting its dividend collection targets after the remitted dividends of state-run firms and financial institutions grew 45 percent from the January-to-May period this year, the Department of Finance (DOF) reported on Wednesday.
— Business Mirror

Canada to pay P10-million cost of shipping back garbage on May 30
The Canadian government will pay the estimated P10 million shipping fee for the truckloads of hazardous waste it illegally dumped in the country years ago.
— Business Mirror

Anti-red tape body seeks P.5-billion 2020 budget
HE Anti-Red Tape Authority (Arta) is asking for a budget of half a billion pesos for its operations next year, as the agency is keen on beefing up efforts to cut bureaucratic red tape in line with the Ease of Doing Business (EODB) law.
— Business Mirror

Chinese ‘swarming’ strategy fails to halt Pag-asa rehab works
THE government’s rehabilitation project in Pag-asa, particularly the construction of a beaching ramp and the repair of a runway, is ongoing, despite the “swarming” of boats carrying Chinese militiamen disguised as fishermen, Defense Secretary Delfin Lorenzana said on Tuesday.
— Business Mirror

4 die in separate Maguindanao ambushes
Police have launched manhunt operations against gunmen who killed four persons in separate ambuscades in Matanog and Sultan Kudarat towns of Maguindanao on Wednesday, police said.
— Philippine News Agency

Pre-merger information exchange restricted
BUSINESSES moving towards merger or acquisition should not exchange confidential business information until their deal has been approved, the Philippine Competition Commission (PCC) said in an April 11 guidance posted recently on its Web site.
— BusinessWorld Online

New ‘sin’ tax for cigarettes not enough to fund universal healthcare – DOF
The Department of Finance (DOF) wants the Senate to approve higher taxes on alcoholic drinks to raise more funding, now that the additional duties proposed for cigarettes turned out lower than expected.
— CNN Philippines

BSP cuts other banks’ reserve requirements
The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, expanded the coverage of the reduction in reserve requirements by including a uniform reserve requirement of 4 percent on the long-term negotiable certificates of time deposit issued by all banks and non-bank financial institutions with quasi-banking functions.

Opposition to gain strength in Sotto’s ouster as Senate President – Poe
Senator Grace Poe believed that opposition forces in the Upper Chamber might increase in strength should Senate President Vicente Sotto III be ousted as the chamber’s chief.
— Manila Bulletin

SC rejects tipster’s bid to compel gov’t to release his P272M reward
The Supreme Court has dismissed the bid of an oil smuggling tipster to compel the government to release his second claim for a cash reward worth oP272 million for providing information that led to the discovery of smuggled oil products worth P4 billion.

PAGASA sees 5 to 8 tropical cyclones from June to August
Around five to eight tropical cyclones are expected to dump rains in parts of the country from June to August this year, the State weather agency announced yesterday.
— Tempo

DOF: Tieza gave P123-million tax holidays from 2015 to 2017
THE Tourism and Infrastructure Enterprise Zone Authority (Tieza) extended some P122.8 million in income-tax holidays (ITH) from 2015 to 2017 to locators in tourism enterprise zones (TEZs).
— Business Mirror

Mindanao: Human rights violated more than 800,000 times in two years of martial law
Martial law in Mindanao has been in force since the start of the Marawi siege.

Anti-swine fever measures small price to pay to preserve ₱200-B hog industry — Agriculture dep’t
THE Department of Agriculture (DA) said it would rather see pork prices rise as a result of measures adopted to minimize the risk of African Swine Fever (ASF), than allow the disease to enter the country and devastate the P200- billion hog-raisng industry.
— BusinessWorld Online

Children ‘left behind’ in PH economic growth: aid agency
The situation of children in the Philippines has slightly improved but “some” are still missing out on childhood, according to the latest report of London-based child aid agency Save The Children.
— ABS-CBN News

SSS condones P9.5B calamity loans
The Social Security System (SSS) condoned P9.5 billion worth of short-term loan penalties of over 658,000 calamity-affected members, under its second Loan Restructuring Program (LRP).
— Malaya

SC junks tipster’s bid to hasten reward for P4-billion smuggling case
THE Supreme Court (SC) has junked the petition filed by an oil-smuggling tipster seeking to compel the government to immediately release his second claim for cash reward amounting to P272 million.
— Business Mirror

ACCA pushes improvements to country’s cloud-first policy
THE Asia Cloud Computing Association (ACCA) released on Monday a white paper that proposes fine-tuning of the Philippines’ cloud-first policy, as it said it sees potential in the country to advance the movement of the public sector to the cloud.
— BusinessWorld Online

Gencos assure 4,835.6 MW of new power capacity for Luzon until 2023
POWER-generation firms, or gencos, have committed to supply the Luzon grid 4,835.6 megawatts (MW) of new capacity from 2019 until 2023, with half of the committed capacity to start supplying the grid within the year.
— Business Mirror

PHL officially occupies remote northernmost island of Mavulis
The military has turned over to local officials the fishermen’s shelter it has built with other stakeholders in the country’s northernmost island of Mavulis in Itbayat, thus, assuring the regular presence of Filipinos in the area.
— Business Mirror

Senate OKs PH-Indonesia EEZ pact
THE Senate, as a treaty-ratifying body, on Tuesday approved on second reading an agreement on the division of the overlapping Exclusive Economic Zone (EEZ) of the Philippines and Indonesia.
— The Manila Times

SEC greenlights P1-billion IPO of Malolos hospital
The Securities and Exchange Commission (SEC) has cleared the initial public offering (IPO) of shares of Allied Care Experts (ACE) Malolos Doctors, Inc. worth a maximum of P1 billion.
— Manila Bulletin

NAPC-Pagcor agreement may lift COA red flag on P49-million anti-poverty fund–Felongco
The National Anti-Poverty Commission (NAPC) assured the public on Tuesday that it is looking forward to signing a new memorandum of agreement (MOA) with the Philippine Amusement and Gaming Corp. (Pagcor) to finally tap P49-million unused fund flagged by the Commission on Audit (COA).
— Business Mirror

DTI: Zero tariff for EV imports a possibility
In a bid to fully develop the electric-vehicle (EV) industry in the Philippines, the government is considering not to impose any tariff on EV imports.
— The Manila Times

2 miners die of suffocation in Surigao Norte tunnel
Two small-scale miners died of suffocation in a tunnel in Sitio Duyangan, Aurora, Tagana-an, Surigao del Norte on Tuesday.
— The Philippine Star

DepEd–NCR welcomes financial literacy program
The nationwide deployment of the financial education program for public schools – a partnership project of BDO Foundation, Department of Education (DepEd) and Bangko Sentral ng Pilipinas (BSP) for the benefit of students, teachers and non-teaching personnel – continues to make headway with its launch in the National Capital Region (NCR).
— The Philippine Star

NEDA plan to blunt impact of El Niño to address food, water security
THE National Economic and Development Authority (NEDA) is currently seeking funding for a plan to mitigate the impact of El Niño, focused on ensuring food and water security.
— BusinessWorld Online

5 get 40 years for kidnap, slay of Taiwanese shares
A Quezon City court yesterday sentenced to 40 years in prison five persons, including four former police officers, for the kidnap-slaying of a Taiwanese businessman 14 years ago.
— The Philippine Star

PRRD assures Japanese of corrupt-free business in PH
Japanese investors can expect a competitive and corruption-free business climate in the Philippines, President Rodrigo Duterte said on Wednesday vowing to “kill” all forms of corruption in government.
— Philippine News Agency

Del Rosario says Marawi rehabilitation transactions ‘above board’ amid complaint filed
TASK FORCE Bangon Marawi (TFBM) Chairperson Eduardo D. Del Rosario on Wednesday said they are ready to defend transactions relating to the rehabilitation of war-torn Marawi City following a complaint filed by a group of displaced residents.
— BusinessWorld Online

Agricultural losses from El Nino reach P7.97 B
Agricultural losses caused by the El Nino phenomenon have reached P7.97 billion with rice and corn as the most affected crops as of April, the Department of Agriculture announced yesterday.
— Tempo

House approves Murang Kuryente Act
THE HOUSE of Representatives ratified on Wednesday the proposed “Murang Kuryente Act.”
— BusinessWorld Online

Senator: Bill against street harassment of women, LGBT has lapsed into law
THE measure penalizing gender-based street harassment against women and members of the lesbian, gay, bisexual and transgender (LGBT) community has lapsed into law, Senator Risa N. Hontiveros-Baraquel said.
— BusinessWorld Online

Philippines ‘official dump site’ of Southeast Asia — Lacson
The Philippines has become Southeast Asia’s “official dump site” in Southeast Asia as garbage from other countries are being shipped to the country illegally.

Lacson questions easy entry and exit in PHL of Chinese in Interpol watchlist
Lacson said he received good information that the main person responsible for the 276 kilos of suspected shabu with street value of around P1.8 billion seized at the Manila International Container Port on March 22 was Chinese national named Zhijian Xu alias “Jacky Co.
— GMA News

Hopes up for passage of tobacco tax hike bill by June
An official of the National Economic and Development Authority (NEDA) hopes that the measure seeking to increase the excise taxes on tobacco products will be passed in June.
— Philippine News Agency

Davao City LGU woos South Korean tourists in Seoul roadshow
The City Government of Davao promoted its various tourism attractions to the South Korean tourism market during the recent investment and tourism roadshow held in Seoul.
— Philippine Information Agency

House ratifies bicam report on ‘Murang Kuryente,’ ‘Service Charge’ bills
One of the bill ratified is seen to benefit waiters, cooks and other personnel of hotels and restaurant by distributing among them 100 percent of service charges collected from customers.
— GMA News

CHED clarifies GE curriculum policy not anti-Filipino, vows support for language development
THE COMMISSION on Higher Education (CHED) has clarified that the new General Education (GE) Curriculum, which removes Filipino and Panitikan (Filipino literature) in the list of core subjects, is not “anti-Filipino.”
— BusinessWorld Online

4 Lanao Sur poll losers call for special elections, cite massive fraud
Four defeated gubernatorial candidates in Lanao del Sur on Wednesday asked the Commission on Elections (Comelec) to conduct a special elections in the province following alleged “massive fraud.”

Lacson blasts appointment of sacked BOC district collector to higher post
Senator Panfilo Lacson has assailed the appointment of a sacked Bureau of Customs (BOC) district collector at the Manila International Container Port (MICP) to a higher position in the agency.

NolCom turns over multi-purpose shelter for fishers, troops
To boost the Philippines’ maritime entitlements within its sovereign territory and promote safety of life at sea in the northernmost areas of the country, the Northern Luzon Command (NolCom) turned over a single-storey concrete facility in the northernmost uninhabited island of Batanes to the local government on Monday (May 27).
— Philippine Information Agency

New Filipino Law Requires Every Student To Plant 10 Trees If They Want To Graduate
The Philippines, a tropical island nation in the Pacific, will now require by law all graduating students from elementary school to college plant 10 trees each before they can graduate.
— Forbes

DOH Caraga intensifies advocacy drive on kidney disease prevention
In celebration of National Kidney Month this June 2019, the Department of Health (DOH) Caraga intensifies its advocacy campaign on proper care of human kidneys and prevention of kidney disease.
— Philippine Information Agency

JUST IN: Suspect in slay of octogenarian couple in QC killed during “scuffle” with police
The suspect in the killing of an octogenarian couple in Quezon City on Sunday, May 26, has died.
— Eagle News

PDEA-11 declares 2 Digos City villages ‘drug-free’
The Philippine Drug Enforcement Agency-Region 11 (PDEA-11) declared Wednesday two villages here as drug-free.
— Philippine News Agency


Feature photo Tobacco Control

This week’s Philippines morning news feature photo acknowledges World No Tobacco Day, May 31.


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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