Philippines Morning News For December 1

Philippines Morning News For December 1

Philippines morning newsUS, PH begin FTA discussions
The Philippines and the United States have begun Wednesday discussions on negotiating and concluding a possible bilateral free trade agreement, according to Ceferino Rodolfo, undersecretary of the Department of Trade and Industry.
— Malaya

Realignments stall ‘pork-free’ 2018 budget
THE bicameral conference committee for the P3.77-trillion national budget for 2018 met for the first time Thursday and lawmakers from both chambers disagreed immediately over some realignments, as others pushed for a “pork free” measure.
The Manila Times 

Leni warns officials backing revolutionary government
Vice President Leni Robredo yesterday warned officials who would attend rallies supporting the revolutionary government that they may be held liable for rebelling against the 1987 Constitution.

Pro, anti-Duterte groups hold rallies on RevGov
MEMBERS of militant groups yesterday gathered at the Liwasang Bonifacio in Manila to denounce a revolutionary government (RevGov) that President Duterte said he might set up, while a group of Duterte supporters held a rally at the foot of Mendiola (Don Chino Roces) Bridge near Malacañang, calling for a revolutionary government.

Budget cut threatens drug war
THE Palace on Thursday expressed alarm after the Senate slashed an estimated P1.4-billion funding for the Philippine National Police war on drugs, which has been widely blamed for thousands of alleged extrajudicial killings under the Duterte administration.
Manila Standard 

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NFA eyes 350,000 MT rice imports
THE National Food Authority (NFA) has proposed to import 350,000 metric tons of rice before 2018’s first harvest in order to beef up government stocks, an official of the state grains agency said yesterday.

No new service provider for MRT-3
An official of the Department of Transportation (DOTr) denied reports that the agency has approved the return of Japanese contractor Sumitomo to maintain and rehabilitate the Metro Rail Transit 3 (MRT-3).

DTI asks large foreign firms to build factories
The Trade Department asked large foreign manufacturers and importers to set up manufacturing operations in the Philippines.
Manila Standard 

New commissioner vows to put ERC in order
Newly-installed Energy Regulatory Commission chairman Agnes Devanadera said she wants to put order in the commission and provide better service to power consumers.
Manila Bulletin 

PH to renegotiate banana tariffs
The Philippines is renegotiating with Korea and Japan duties on fruits to correct the imbalance in the tariff structure and attain fair trade.

Bicameral budget talks start amid differences
BOTH CHAMBERS of Congress yesterday began meeting in a bid to ensure Dec. 19 enactment of next year’s proposed P3.767-trillion national budget, amid major differences between their versions.

Duterte: Rights complaints will fall on deaf ears
President Duterte continues to brush aside criticisms hurled against him by human rights groups in the country and abroad in relation to his anti-illegal drug campaign that has been marred by killings of thousands of suspects.

DOT projects 31 million ‘same day’ tourists in Calabarzon area
THE provinces of Quezon and Laguna took home the “Destination of the Year” awards for attracting the most number of tourists in the Southern Tagalog region or Calabarzon.

Rice price hike not due to lack of supply – NFA
The reported slight increase in rice prices was not due to the lack of supply but is actually price-related, the National Food Authority (NFA) said on Thursday.
The Manila Times

S&P raises Philippine GDP growth projection
S&P Global Ratings has increased its Philippine economic growth projection in the face of upbeat consumer demand and a surge in electronics exports.

DOF: New gov’t securities to boost bond market
The Department of Finance (DOF) expects the newly launched government securities (GS) repurchase (repo) transaction would enhance funding and trading liquidity in the local bond market.
Manila Bulletin 

Industry players support lowering of reserve ratio
Regulators’ plans to cut reserve requirements have found support among banking industry players, who say the resulting rise in liquidity will benefit business.
The Manila Times 

Government deploying more tourism-oriented cops under topcop program
More of the finest men and women of the Philippine National Police (PNP) will be stationed in popular tourist sites, even as the Department of Tourism (DOT) assured that the country remains a safe haven for international and local tourists.

Philippine president issues kill order against communist rebels
“Shoot them.” That was Philippine President Rodrigo Duterte’s order to the police and military should they encounter armed communist insurgents.
Arab News

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Central bank expects inflation to have steadied in November
INFLATION likely steadied in November from the preceding month on the back of higher fuel costs and electricity rates, the Bangko Sentral ng Pilipinas (BSP) said yesterday, even as it noted that a stronger peso should have eased price pressures.


Feature photo Bro. Jeffrey Pioquinto, SJ


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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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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