Philippines Morning News For April 24

Philippines Morning News For April 24
Online English lessons

Philippines morning news

IMF sees Phl GDP growth at close to 7%
The Philippine economy is capable of growing by around seven percent over the next two years on the back of robust domestic demand as well as a strong recovery in exports, according to the International Monetary Fund (IMF).
— The Philippine Star

Gov’t subsidies rise nearly threefold in Feb
State subsidies to government-owned and -controlled corporations (GOCCs) have risen by almost threefold in February due to the National Irrigation Administration (NIA), data from the Bureau of the Treasury showed.
— Manila Bulletin

Abu Sayyaf rebels behead soldier
Abu Sayyaf militants beheaded a soldier they captured in the southern Philippine province of Sulu where security forces are battling the notorious group linked to the Islamic State, intelligence reports said.
— The Manila Times

Rice imports deferred
The government has decided to formally defer the importation of 250,000 metric tons of rice despite the continued insistence of the National Food Authority (NFA) to buy from international sources.
— The Philippine Star

Cigarette firm’s closure to hurt thousands of tobacco farmers
Hundreds of thousands of Filipinos supposedly will be affected if the government makes good its threat to close down homegrown tobacco company Mighty Corp.
— The Manila Times

PE firm Altus Digital Capital launches digitalization platform in SEA
A new private equity platform Altus Digital Capital (ADC) formally made its debut in the Philippines focused on investing in native digital companies in emerging markets in Southeast Asia.
— Deal Street Asia

UK opens £4.5B export-import facility in PH
The United Kingdom has offered the Philippines a chance to tap its £4.5-billion export-import facility as a financing option for the Duterte Administration’s massive infrastructure program, the Department of Finance (DoF) said over the weekend.
— The Manila Times

OceanaGold fights against Philippine mine suspension
Australian company OceanaGold has appealed directly to Philippine president Rodrigo Duterte against the suspension of its gold and copper mine on Luzon island that employs 1800 workers, most of them Filipinos.
— The Sydney Morning Herald

BSP survey of economists bares expectation of above-3% inflation rate in next three years
BANK ECONOMISTS widely expect inflation to stay above three percent until 2019 on the back of higher oil prices, rising power rates and a weaker peso, according to results of a recent central bank survey.
— BusinessWorld Online

Palace welcomes LP’s rejection of impeachment bid vs Duterte
Malacañang on Sunday welcomed the stand of Liberal Party lawmakers from the House of Representatives not to support the impeachment proceedings against President Rodrigo Duterte.

Experts say tax amnesty acceptable only if it improves compliance
A TAX AMNESTY the government is considering will make sense only if it brings more delinquents into the fold, experts said last week.
— BusinessWorld Online

DOJ files Money laundering raps filed vs Deguito, Bautistas
The Department of Justice (DOJ) has filed money laundering charges against officials of the Rizal Commercial Banking Corporation (RCBC) and remittance firm Philrem Service Corp. (Philrem) in connection with the entry of $81 million stolen from a Bangladesh bank.
— The Manila Times

Cameras to catch ‘colorum’ vehicles
The Metropolitan Manila Development Authority (MMDA) will go after “colorum” (without a valid franchise) vehicles by setting up cameras to capture license plates and match these against a list of vehicles operating legally, MMDA officer in charge Tim Orbos said.


Feature photo Giuliana Bencovich
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).


Introducing The AEC News Today Mobile App

In an era of hectic schedules where time is precious, the AEC News Today mobile app enables you to stay up to date with the latest Asean news on governance and policy issues affecting the Asean Community while you are on the move and whenever you have a few minutes to spare.

See full details, including our AEC News Today Mobile App Privacy Statement here: Stay up to Date With The AEC News Today Mobile App


Download the AEC News Today mobile app from Google play or the App stores by clicking the icons below.

Download the AEC News Today mobile app for iOS here Download the AEC News Today mobile app for Android here







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.




The following two tabs change content below.

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.

Support independent media by sharing using these tools. Do not steal our content

Make a comment

Your email address will not be published.