GE sees PHL saving P10 billion in power cost in 25 years
OFFICIALS of American giant GE said last week the Philippines could potentially achieve $10 billion (P495.45 billion) in savings over a 25-year power-plant life cycle and an estimated 16 million tons in carbon-dioxide reduction annually if it maximizes the efficiency of existing and new power-generation assets.
— Business Mirror
Economy shows ‘signs of overheating’ – DBS
Singapore-based DBS Bank said it is seeing early signs of an overheating Philippine economy – making a case for a monetary policy tightening in the coming months.
— The Manila Times
City in ruins, IS still a threat
The disgraceful story of Marawi City in the southern Philippines is an embarrassment to the country’s president, Rodrigo Duterte. But it is a threat to Asean neighbours, including Thailand. Southeast Asia…
— Bangkok Post
As terror threat rises, Philippines reaches to America
As we fought together to stay above the enemy, then so we should help each other to address the threats that confront our societies, our region and our world,” said Philippine President Rodrigo Duterte referring to America in an early April “Day of Bravery” commemoration speech.
— Asia Times
SolGen says martial law in Mindanao has factual basis, asks SC to junk petitions
Government lawyers asked the Supreme Court (SC) yesterday to dismiss the three petitions that challenged the constitutionality of President Duterte’s martial law declaration in Mindanao.
— Manila Bulletin
Modern slavery in Asia
IF the 2016 Global Slavery Index is accurate, two-thirds of world’s modern-day slaves are found in Asian countries, mostly victims of human trafficking. The illicit market in exploited people is so lucrative that it is said to generate over $150 billion in profits worldwide—bigger than the GDP of countries like Luxembourg, Bulgaria, Hungary and Oman. This explains why human trafficking has become an endemic crime globally.
— The Manila Times
‘Dutertenomics’ debuts in Middle East, boosts PH economic ties in Saudi, Bahrain, Qatar
Dutertenomics, the new way to sum-up Philippine (PH) President Rodrigo Duterte’s key socio-economic agenda, which aims to widen the gains of economic development, to address inequality and to uplift the quality of life of all Filipinos, was used to describe the various initiatives undertaken in the official Middle East visits of President Duterte.
— Muscat Daily
More than 700 teachers still unaccounted for in Marawi
While classes have yet to open in conflict-torn Marawi City, the Department of Education (DepEd) said more than 700 teachers remained unaccounted for, 20 days after clashes between government forces and terror groups started in the city.
— Philippine Daily Inquirer
Indonesia seeks talks with PH to address terror threat
Indonesia is seeking a dialogue with the Philippines as the two Southeast Asian neighbors grapple with the threat brought by Islamic State-inspired militants, Foreign Affairs Secretary Alan Peter Cayetano said Monday.
— ABS-CBN
Global Industrial Safety Gates Market – Size, Projections, Drivers, Trends, Vendors, and Analysis Through 2021 by Technavio
The global industrial safety gates market is projected to grow to USD 511.67 million by 2021, at a CAGR of more than 4% over the forecast period, according to Technavio’s latest report.
— Business Wire (press release)
Top e-commerce sites in the Philippines 2017
With a dynamic economy and a large population proficient with digital technologies, the Philippines is a fast-growing market for e-commerce in Southeast Asia. Several websites and digital applications are already fighting for market share, with global, regional and national players trying to come up to the leader.
— Asean Up
DBS flags slowing expansion
GROSS DOMESTIC PRODUCT (GDP) growth will likely ease in the coming quarters as exports and capital formation soften, analysts at DBS Bank said in a report last week, making the economy miss the government’s 6.5-7.5% full-year 2017 target.
— BusinessWorld Online
Energy department lists sites for new power plants
THE DEPARTMENT of Energy has identified seven sites in Luzon, four in the Visayas and three in Mindanao as sites to build new power plants with total capacity of 1,500 megawatts (MW) and corresponding transmission lines to accommodate the new facilities.
— BusinessWorld Online
Philippines seeks Malaysia, Indonesia cooperation vs terrorism
The Philippines is seeking closer cooperation with Malaysia and Indonesia in the fight against terrorism amid President Duterte’s revelation that the leader of the Islamic State (IS) himself ordered the attacks in Marawi City, Foreign Affairs Secretary Alan Peter Cayetano said yesterday.
— The Philippines Star
Washington considering second MCC compact for PHL
THE UNITED STATES is considering a new aid package for the Philippines, withheld over human rights concerns late last year, but a clear offer has yet to be made, the Department of Finance (DoF) said.
— BusinessWorld Online
Israeli intelligence discovered IS plans for laptop ban — report
Israeli government spies hacked into the operations of Islamic State bombmakers to discover they were developing a laptop computer bomb to blow up a commercial aircraft, the New York Times reported Monday.
— Inquirer.net
PH flag flies as bombs rain on Marawi City
Bomb blasts rocked Marawi on Monday as the national flag was raised to mark the 119th anniversary of Philippine independence, almost three weeks after Islamic State-inspired gunmen overran the city and hunkered down with civilians as human shields.
— Philippine Daily Inquirer
Ex-Davao solon trial over pork scam set
The Sandiganbayan is set to proceed with the trial of former Davao del Norte 1st District Rep. Arrel Olaño and alleged pork barrel scam mastermind Janet Lim-Napoles.
— Philippine Daily Inquirer
Comelec to distribute temporary voters’ IDs to Marawi evacuees
The Commission on Elections will be distributing temporary voters identification cards in a bid to assist displaced families and individuals who are registered voters of Marawi City.
— Philippine Daily Inquirer
US ‘proudly stands’ with Philippines in war vs IS
The United States “proudly stands” with the Philippines as a longstanding ally and supports the government’s operations against the Islamic State (IS)-aligned Maute militants in Marawi City.
— The Philippines Star
MCC mulls second aid package to Philippines
The Millennium Challenge Corp. (MCC) is still planning to give the Philippines fresh funding for its development projects, the Department of Finance (DOF) said yesterday.
— The Philippines Star
China backs fight vs Maute
China supports the Philippine government’s “anti-terrorism” operations against Islamist militants, the Chinese foreign ministry said Monday after US special forces provided support to Filipino troops.
— The Manila Times
Feature photo Mekong
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.
Philippines Morning News For June 13 added by Stella-maris Ewudolu on
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Stella-maris Ewudolu
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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