Philippines Morning News For May 10

Philippines Morning News For May 10

Philippines morning news

Duterte’s Populist Project Grinds On
Almost one year into office, Philippine President Rodrigo Duterte continues to rule with characteristic sound and fury. Under his watch, the Southeast Asian nation has experienced a radical reorientation of both its domestic and foreign policy.
— East Asia Forum

PHL 24th in UN ranking of access to infra
THE regional development arm of the United Nations (UN) ranked the Philippines 24th in terms of access to infrastructure among a group of Asia-Pacific countries, according to a report released on Monday, thereby providing a baseline to measure the impact of future infrastructure development in the country.
— BusinessWorld Online

PHL to remain growth leader in Asia, but good jobs needed
THE PHILIPPINES will likely continue to be a growth leader in Asia until 2018 on the back of robust domestic demand and a recovery in regional trade, the International Monetary Fund (IMF) said in its latest report, noting that the country’s young work force will help boost the local economy.
— BusinessWorld Online

Meralco to roll back rates by P.29/kwh
Customers of Manila Electric Co. (Meralco) will see a P0.29 per kilowatt-hour (kwh) reduction in their May electricity bills, dragged down mainly by the drop in generation charge, the power distributor announced yesterday.
— The Philippine Star

EU more than doubles PH aid to P16.36-B
The European Union (EU) is more than doubling its development assistance to the Philippines to 300 million euros (roughly Php16.36 billion) over the next four years. In a press briefing, EU Ambassador to the Philippines Franz Jessen said the aid was mainly aimed at the local energy and justice sectors and jobs creation.
— Update Philippines

China Bank raises P15B from stock rights offer
CHINA BANKING Corp. (China Bank) raised P15 billion as planned from its stock rights offer amid strong investor appetite for the Henry Sy-led bank’s shares.
— BusinessWorld Online

Gold drives rise in first-quarter production value for metal miners
METALS production rose 5.20% year on year by value in the first three months of the year amid improved gold output and rising prices obtained for mixed nickel-cobalt sulfide, according to the Mines and Geosciences Bureau (MGB).
— BusinessWorld Online

‘Dutertenomics’ all set for its global debut
President Rodrigo Duterte will visit Cambodia and China this week to pitch to the rest of the world an economic vision focused on an ambitious US$173 billion (S$243 billion) infrastructure programme, dubbed “Dutertenomics”.
— The Straits Times

Salary gap between top execs and junior staff widens in Asia
The salary gap between top management and junior staff widened in nine Asian markets in 2016, as senior executive base salaries got close to, and in some locations, exceeded those in the U.S., while those in junior positions saw theirs lag far behind, according to a new study by Willis Towers Watson.
— Enterprise Innovation

Filipino teacher in Illinois arrested for soliciting sex from minor
A science teacher at Trinity Christian School is out on $100,000 bond after he was charged April 14 with one felony count of grooming.

Analysis: Duterte’s China deals dissected
Nearly six months on, the deals signed during President Rodrigo Duterte’s first state visit to China last October stand apart as the least assailable achievement of his presidency. No matter what one thinks of the president and his aims and his methods, his prowess as broker-in-chief so far stands unquestioned.
— The Philippine Star

Duterte gov’t drafting 5-year human rights action plan — Cayetano
Amid continued criticisms over its alleged brutal war on drugs, the Philippine government has started drafting a human rights action plan that would be implemented in the next five years.

Duterte backtracks on ‘lobby money talks’ claim
PRESIDENT Rodrigo Duterte has backtracked from his earlier statement that “lobby money” was behind the rejection of Regina Paz “Gina” Lopez’s appointment as Environment secretary.
— The Manila Times

Cimatu to balance environmental care and responsible mining
The new environment secretary said it was possible to strike a balance between mining and protecting natural resources, but added that he needed time to assess mine closures ordered by his predecessor.
— Manila Bulletin

Bacolod City to provide jobs, livelihood aid to successful drug rehab participants
The City of Bacolod will provide jobs and livelihood assistance to the 82 successful participants of the eight-week out-patient rehabilitation program conducted in the barangays.
— The Philippine News Agency

After Quiapo blasts, Manila mulls creation of crisis committee
Former president now Manila Mayor Joseph Estrada wants to create a crisis management committee that will take the lead in handling emergencies in the national capital.
— Rappler

Pampanga raid reveals rising patronage for webcam sex tourism
The suspected pedophile could see people banging on his front door. But were they neighbors? Cops?
— Business Mirror

P26.93-billion tax-evasion case filed vs Mighty
Another tax-evasion case, this time to the tune of P26.93 billion, was slapped against Mighty Corp., as the government threatens to confiscate the cigarette manufacturer’s assets if it fails to settle its tax liabilities.
— Business Mirror


Feature photo Brian Evans

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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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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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