Philippines Morning News For December 19

Philippines Morning News For December 19
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Philippines morning newsDuterte to sack 90 gangster cops for corruption
President Duterte will fire about 90 policemen over corruption as he stressed that he would not tolerate “gangsters” in government.

Remittances rise to $2.27B in October
CASH remittances recovered in October to a two-month high, the central bank reported on Friday, as overseas Filipino workers (OFWs) took advantage of a weaker peso to get more out of their funds.

Lifting QR on rice to benefit the poor
The lifting of the quantitative restrictions (QR) on rice imports in favor of tariffs will bring several benefits to the economy, with the retail price of the food staple expected to be slashed by as much as P7 per kilo, the Department of Finance (DOF) said.

Death toll due to Urduja soars to 40
Rescuers used bulldozers to dig through mountains of mud in Eastern Visayas yesterday in a frantic search for more people missing after Tropical Storm Urduja (international name Kai-Tak) triggered landslides that have killed at least 40 persons.

PH, Thailand ink banking agreement
Philippine and Thai monetary authorities on Sunday inked inked a memorandum of understanding (MOU) on banking supervision, which they said would provide a “solid foundation for effective supervision of banking institutions operating in both countries”.
The Manila Times 

Philippines’ Aboitiz Group eyes Chinese partners for expansion
Aboitiz Group of the Philippines is looking at Chinese partners to help it expand at home and overseas, as the local conglomerate capitalizes on the two countries’ deepening ties.
Nikkei Asian Review 

New guidelines on use of P1-B OFW fund signed
Foreign Affairs Secretary Alan Peter Cayetano yesterday signed the new guidelines on the use of the P1-billion fund for distressed overseas Filipino workers (OFWs).

2 Chinese firms keen on power, infra projects in PH
Two major Chinese companies have expressed keen interest to partner with the construction arm of the Aboitiz Group to build power and infrastructure projects in the Philippines.
Update Philippines 

Entry of 3rd telco player to improve PH internet: Globe
Telecommunications provider Globe welcomes the entry of a third player in the telco industry saying this would further increase the number of cell sites resulting in the improvement of Internet access and speed in the country.
Philippine News Agency 

‘Cacao tourism’ pushed in Davao
The Philippines’ fast-growing cacao and chocolate industry will boost a promising farm tourism that caters to international and local visitors looking for a wholesome fun and adventure in the countryside.

Govt to net P2B from coal tax hike
The Congress-initiated coal tax hike included in the proposed Tax Reform for Acceleration and Inclusion (Train) Act is expected to provide a substantial revenue boost during the first year of implementation, a Cabinet official said.
The Manila Times

DOH sees 50% less firecracker injuries
THE Department of Health yesterday said it expects the number of firecracker-related injuries to be reduced by half when the country welcomes 2018, with an order banning firecrackers in place.

PPP Center focuses on local projects
THE Public-Private Partnership (PPP) Center plans to focus next year on water-related local government works amid the current government’s decision to use official development assistance (ODA) and state funds more for construction of big-ticket projects.

Duterte: Government will help Biliran rise again
President Duterte yesterday assured local executives in storm-hit areas of assistance as he ordered agencies to restore normalcy in affected provinces at the soonest time.

What’s With the ‘Revival’ of the China-Philippines Military Dialogue?
The resumption of annual defense talks is just the latest advance in ties in the Duterte era.
The Diplomat 

VIP security business seen booming in PHL
WHILE running a security agency may be profitable, doing business is also very risky and challenging.

Will Sanofi be the scapegoat for the Dengvaxia fiasco?
IF I were Olivier Brandicourt, the chief executive officer of Sanofi—the French pharmaceutical giant operating out of Lyon, France—I would be hiring the best lawyers in town, and soon.
The Manila Times 


Feature photo Andy Maluche


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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