Philippines Morning News For May 23

Philippines Morning News For May 23
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Philippines morning news

Gov’t to fast-track Mindanao rail project
The Duterte administration plans to fast-track the rollout of the P120-billion initial phase of the “high priority” Mindanao railway project that will connect the southern island’s major cities.
– Philippine Daily Inquirer

Senate OKs work-from-home bill on final reading
The Senate has approved on third and final reading a measure to allow companies to offer a telecommuting program to its employees in efforts to ease traffic congestion in Metro Manila and other urban cities.
– Interaksyon/ Philippine News Agency

Russia to buy $2.5B in fruits, fish from PH, agri chief says
Russia will buy $2.5 billion worth of fruits and fish from the Philippines over the next 12 months under an agreement that will be signed during President Rodrigo Duterte’s visit to Moscow this week, his agriculture minister said Tuesday.

DOTr cancels PPP plan for 5 regional airport projects
The Department of Transportation (DOTr) has decided to terminate earlier plans to develop five regional airports through the Public Private Partnership (PPP) scheme, the PPP Center said in a statement Tuesday.
– Philippine News Agency

Philippines top GM grower in Southeast Asia
Philippines has been ranked as the top grower of biotech or genetically modified (GM) crops in Southeast Asia and 12th biggest producer globally last year, the International Service for the Acquisition of Agri-biotech Application (ISAAA) revealed on Friday, May 19.
– Fresh Plaza

ABCI buys out Blaze Capital to boost railway ventures
A Brown Company Inc (ABCI), a real estate firm in the Philippines, has acquired 100 per cent of Blaze Capital Limited. The stake was acquired from Penryn Limited for $1.5 million (P75 million).
– Deal Street Asia

Tax eyed on rent, remittances
The Duterte administration will tax apartment and housing rentals and money remittances like pera padala, Rep. Carlos Zarate of party-list group Bayan Muna said yesterday.
– The Philippine Star

Palace: PHL won’t give up on West Phil Sea despite war threat
Malacañang on Monday (May 22) reiterated that the country would not give up its right in a disputed part of the West Philippine Sea following Chinese President Xi Jinping’s reported war threat against the Philippines if the latter pushes the arbitration ruling and drill for oil.
– Eagle News

DOF pushes urgent reforms in rice sector
To slash poverty incidence, the Department of Finance is pushing for reforms in the rice sector, citing that high food prices make households poor.
– Philippine Daily Inquirer

Luxury condos gaining ground in Cebu: Colliers
A PROPERTY and research firm has observed a higher rental take-up in luxury condominiums in Cebu fueled by multiple factors, including tourism and the burgeoning number of multinational company executives residing in metro Cebu.
– SunStar Cebu

Partners Group to buy SPi Global from CVC Capital for $330m
Swiss fund manager Partners Group is set to acquire SPi Global, a technology and data science company in the Philippines that provides specialized BPO services to research and education publishers.
– Deal Street Asia

Whitening, anti-ageing products fly off shelves
AMONG Filipinos, spending for beauty and wellness products has been continually growing, thanks to the expanding youth market who splurge so much when it comes to personal care products.
– SunStar Cebu

PPA to earmark P950M for ports
THE Philippine Ports Authority (PPA) will be spending almost a billion pesos to develop and dredge 10 ports in different areas of the country.
– SunStar Cebu

PIA ASEAN youth forum kicks off in Sarangani
Some four hundred youth from all over Sarangani will participate in the Provincial ASEAN Youth Forum on Tuesday (May 23) at Isla Jardin del Mar Gumasa, Glan, Sarangani.
– Philippine Information Agency

PH ranks second in worst displacement in 2016
Geneva-based Internal Displacement Monitoring Centre (IDMC) lists the Philippines as the second country with the worst displacement following China.
– Philippine Canadian 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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