Philippines Morning News For March 7

Philippines Morning News For March 7
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Welcome to the Philippines morning news roundup by AEC News Today, your one stop for Philippines news on matters of governance and policies affecting Asean business communities.


Philippines morning news

Duterte gov’t rejects U.S. plans to construct in Palawan air base
The Philippines rejected US plans to build facilities at a military air base that is nearest most of the disputed islands in the West Philippine Sea (South China Sea) – the Bautista Air Base in Palawan – following President Rodrigo Duterte’s order to review implementation of the Enhanced Defense Cooperation Agreement (EDCA).
— Rappler

Philippines risks losing aid after US rebuke: ex-envoy
A US State Department report calling attention to vigilante-style killings linked to President Rodrigo Duterte’s brutal war on drugs may cost the Philippines millions of dollars in military aid from Washington, a former envoy said Monday.

Philippines consumer prices’ rise fastest in over 2 years
Consumer prices in the Philippines rose broadly in line with estimates in February at the fastest rate since November 2014.
— Financial Times

Alvarez eyes taxing church-run schools
Speaker Pantaleon Alvarez on Monday said schools run by religious institutions should also be taxed to improve government’s revenue collection.
— Philippine Daily Inquirer

Police in Philippines re-launch crackdown on illegal drugs
Police have re-launched nationwide operations against illegal drugs after a month-long suspension in the Philippines. The operation was put on hold after the murder of a South Korean businessman.
— Deutsche Welle

Political risk rising in Philippines after De Lima arrest: BMI Research
A global ratings agency said Monday it downgraded the Philippines’ political risk rating, citing heightened instability following the arrest of Senator Leila de Lima, a high-profile critic of President Rodrigo Duterte’s war on drugs.

Trump leaves Southeast Asian treaty partner guessing
UNITED STATES President Donald J. Trump bared a bit more of his foreign policy in his first speech to the US Congress last week, but the contours remained blurred, leaving treaty partner the Philippines stranded in a diplomatic wilderness.
— BusinessWorld

Duterte signs 2017 Investment Priorities Plan
PRESIDENT Rodrigo R. Duterte has approved the 2017 Investment Priorities Plan (IPP), which is intended to make development more inclusive by providing incentives to better distribute investment across the regions.
— BusinessWorld

Duterte approves national broadband program –Piñol
President Rodrigo Duterte on Monday approved the establishment of a national broadband plan, according to Agriculture Secretary Manny Piñol.
— GMA News Online

Five Chinese firms to invest $10b in Philippines
Five China-based firms are planning to make their first investments in the Philippines by putting up local companies with total investments of up to $10 billion.
— Deal Street Asia

P1.2B wildlife conservation program launched in Philippines
The United States Agency for International Development (USAID) has given a P1.2-billion boost to the Department of Environment and Natural Resources’ biodiversity conservation efforts.
— Philippine Daily Inquirer

Duterte appoints Samuel Martires as SC justice
President Rodrigo Duterte has appointed Sandiganbayan Associate Justice Samuel Martires as Supreme Court (SC) justice.
— Rappler

Tourists disappointed with algae on Boracay beach
Some tourists visiting Boracay expressed dismay at the thick algae found on the shores of the famous island, a report on News To Go on Monday said.
— GMA News Online



Feature photo: Asian Development Bank



The Philippines morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.




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