Philippines Morning News For May 17

Philippines Morning News For May 17
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Philippines morning news

Bring it on, Duterte says on ICC case
President Duterte has dared Magdalo Rep. Gary Alejano and Sen. Antonio Trillanes IV to “go ahead” with bringing a case against him in the International Criminal Court (ICC) for alleged human rights violations in connection with his war on drugs.
– Philippine Daily Inquirer

Philippine growth story to continue in Q1 on strong exports, govt spending
The Philippine economy likely sustained its strong growth momentum in the first quarter on recovering farm output and exports and higher government spending, supporting the case for the central bank to tighten monetary policy this year.
– The Times of India / Reuters

Personal remittances up 8.1% for Q1 2018
Personal remittances from Overseas Filipinos (OFs) grew by 11.8 percent year-on-year, reaching a new record high of US$2.9 billion in March 2017.
– InterAksyon

Gov’t must implement mining laws
Finance Secretary Carlos G. Dominguez III yesterday reiterated that as mandated under the law, the government would implement mining rules and regulations, whether critics like it or not.
– Philippine Daily Inquirer

PH-China first meeting on West PH Sea set Friday
The Philippines and China will hold their first meeting on the West Philippine Sea dispute on Friday.

Anti-distracted driving, child safety on motorbike laws come into force Thursday
Beginning Thursday, May 18, 2017, two key laws intended to improve road safety will come into force: Republic Act 10913 or the “Anti-Distracted Driving Act,” and RA 10666 or “An Act Providing for the Safety of Children Aboard Motorcycles.”
– InterAksyon

PH first quarter GDP growth to stay solid on exports, consumption: Reuters poll
The Philippine economy is expected to have maintained a robust pace of growth in the first quarter, bolstered by resilient exports and strong consumer spending and investment activity.
– InterAksyon

S’pore inks bilateral pacts with navies of Thailand, Philippines
Singapore has signed two bilateral agreements with the navies of Thailand and the Philippines on the sidelines of the ongoing maritime defence trade fair, Imdex Asia, said the Ministry of Defence yesterday.
– The Straits Times

Terrorism could thwart one of the Philippines’ growth engines
Homegrown militants in the Philippines are increasingly turning their focus to holiday hot-spots, potentially spelling trouble for the tourist-dependent economy.

Coke withdraws bid to nullify sugar order on HFCS
Beverage giant Coca-Cola Femsa Philippines withdrew its bid to nullify the sugar order regulating the importation of high fructose corn syrup (HFCS), an alternative sweetener.
– SunStar

Philippines expands natural and organic agri exports to Europe
Eight Philippine companies generated around P160 million in booked and negotiated sales as the Philippines, through the Department of Agriculture (DA), participated in the Natural and Organic Products Europe (NOPE 2017) in early April this year.
– Fresh Plaza

NO MORE G2G | Rice imports to be handled by private sector – Evasco
The National Food Authoriy council has agreed to allow rice imports but to leave this to the private sector, Cabinet Secretary Leoncio Evasco Jr. said.
– InterAksyon

Duterte to sponsor entry of Turkey, Mongolia into ASEAN
President Duterte is amenable to the entry of Mongolia and Turkey into the 10-member Association of Southeast Asian Nations (ASEAN) despite the concerns raised by Myanmar State Counselor Aung San Suu Kyi on their geographical location.
– Manila Bulletin

AEC presents immense business opportunities, says DTI-10 chief
Filipino entrepreneurs may now think outside the box as the market has expanded outside the country and reaching to member countries of Association of South East Asian Nations (ASEAN) region.
– Philippine Information Agency (PIA)

Melco PH turns profitable
Gaming operator Melco Crown (Philippines) Resorts Corp. turned profitable in the first quarter on a sharp increase in casino and non-gaming revenues from integrated resort City of Dreams Manila in Pagcor Entertainment City.
– Philippine Daily Inquirer

Wilcon nets P390M
Newly-listed home improvement and construction supplier Wilcon Depot Inc. (WDI) chalked up P390.5 million in net profit in the first quarter on the back of a double-digit growth in sales.
– Philippine Daily Inquirer


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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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.

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