Philippines Morning News For April 18

Philippines Morning News For April 18

Philippines morning news

Remittances hit $2.17B in February
Cash sent home by Filipinos overseas through banks stayed at the $2-billion level for the 13th straight month in February even as year-on-year growth slowed on seasonality.

Manila Water to submit scaled-up proposals in projects in both Myanmar and Indonesia
MANILA Water Co., the water concessionaire for the East Zone of Metro Manila, said it would submit scaled-up proposals within the third quarter of the year for possible water concessions in Myanmar and Indonesia following the completion of its pilot projects.
— Business Mirror

Lopez Holdings net income rises to P6.557 in 2016
Lopez Holdings said Tuesday its net income attributable to shareholders rose 6 percent in 2016 to P6.557 billion.

Marcos pays P36-M for poll protest vs Robredo
Former Senator Bongbong Marcos went to the Supreme Court (SC) on Monday to pay more than P30 million for his election protest against Vice President Leni Robredo.

Tight supply pushing up pork prices
The Samahang Industriya ng Agrikultura (Sinag) is calling on the Department of Agriculture (DA) to study the industry gaps that are resulting in an increase in the prices of pork.
— The Philippine Star

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US, Philippines to conduct military drills amid tensions with Duterte
The U.S. military will begin annual military drills with Philippine forces next month, despite tense relations with President Rodrigo Duterte, AFP reports.
— Military Times

Duterte vows hospitals for OFWs
President Rodrigo Duterte has vowed to put up hospitals for overseas filipino workers (OFWs) in countries where they work.
— The Manila Times

Traders warned: Don’t create artificial rice shortage
Agriculture Secretary Emmanuel Piñol yesterday warned traders against triggering an artificial rice shortage to force the government to allow the importation of the country’s staple.
— The Philippine Star

Human rights issue could have wider PHL-EU trade impact
THE REPERCUSSIONS of human rights concerns in the Philippines on the country’s trade with the European Union (EU) could spill beyond the GSP+ scheme, the bloc’s envoy to the Philippines signaled last week.
— BusinessWorld Online

Shares track Wall Street gains as North Korea concerns loom
Share prices opened higher on Tuesday, tracking gains on Wall Street, even as concerns over North Korea loomed.

GT Capital to hike stake in Metrobank
Conglomerate GT Capital Holdings Inc. will increase its interest in banking arm Metropolitan Bank and Trust Co. to 36.092 percent by buying the 9.622 percent interest held by various Ty-owned companies for P24.72 billion.

Dengue vaccine now in the Philippines
The world’s first dengue vaccine is now commercially available in the Philippines

De Lima seeks punishment for child exploitation
Detained Sen. Leila de Lima is pushing for the immediate passage of the bill seeking to impose stiffer penalties on those who involve children in their criminal activities.
— The Philippine Star

Duterte wins Time’s 2017 most influential poll
President Rodrigo Duterte topped Time magazine’s poll on the world’s most influential people, a feat that the Palace attributed to his agenda of helping the poor.
— The Manila Times

BIR likely to order Mighty Corp. closure next month
The Bureau of Internal Revenue (BIR) said the government would likely issue a closure order for the manufacturing facilities controlled by embattled cigarette-maker Mighty Corp. next month.
— Manila Bulletin

Four OFWs killed in road accident in UAE to receive financial, livelihood aids
Department of Labor and Employment (DOLE) Secretary Silvestre Bello III said on Monday that the bereaved families of four Filipino workers overseas who died in a vehicular accident in Abu Dhabi, United Arab Emirates (UAE) are entitled to financial assistance from the government.
— Manila Bulletin


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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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