Philippines Morning News For May 30

Philippines Morning News For May 30

Philippines morning news

Philippine army says ‘in full control’ of Marawi
Government forces have regained complete control of the city of Marawi and the clashes with the Islamic State-linked Maute group will soon come to an end, spokesman of the Armed Forces of the Philippines said on Monday (May 29), according to Turkey”s Anadolu Agency (AA).
– Channel NewsAsia

Fears grow of increasing ISIS foothold in Mindanao
nside this lakeside city dotted with hundreds of mosques, a powerful militant designated by the Islamic State group as its leader in the Philippines has managed to unify a disparate group of gunmen under a single command.
– The Philippine Star/ AP

RTB issue pads gov’t debt to P6.37 T
The national government’s outstanding debt hit P6.37 trillion in end-April after the issuance of fixed-rate retail treasury bonds (RTB) during the review period, the Bureau of the Treasury (BTr) reported yesterday.
– The Philippine Star

DOF expects slower May inflation at 3.2%
THE Department of Finance (DOF) said headline inflation this month likely slowed to 3.2 percent from 3.4 percent in April given an easing in food prices.
– The Manila Times

Duterte certifies tax reform package as urgent
The President has issued a certification of urgency that Congress pass the first tax reform package aimed at lowering personal income tax rates while slapping additional or new taxes on consumption, the Department of Finance said yesterday.
– Philippine Daily Inquirer

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SMC has $2-B solution to Manila’s floods
Conglomerate San Miguel Corp. (SMC) is planning to propose to the Duterte administration a $2-billion program to build a flood mitigation system with a waste-to-energy component for Metro Manila.
– Philippine Daily Inquirer

Benguet seeks lifting of suspension
Benguet Corp. said on Monday that there was no more reason for the operations of its subsidiary Benguetcorp Nickel Mines Inc. (BNMI) to remain under suspension, as the Court of Appeals has denied a related petition for a writ of kalikasan.
– Philippine Daily Inquirer

Employers buck Labor Code amendments
Employers are strongly opposing provisions included in over two dozen House bills that seek to amend the provisions of the Labor Code on security of tenure and contractualization.
– The Philippine Star

Easy access loans for farmers, fishermen to start next month
Department of Agriculture Region 18 regional director Joyce Wendam said a new agricultural lending program due to start on the second quarter of this year, will provide financial assistance for the farmers and fisher folk.
– The Visayan Daily Star

Eagle rises on debut, preys on top prize
Shares of Eagle Cement Corp., which aims to be the country’s leading cement producer in the next few years, outperformed the stock barometer on inaugural trading yesterday.
– Philippine Daily Inquirer

DOF seeks yearly BIR audit of VAT-exempt coops
The Department of Finance will seek annual audits of all cooperatives in the country if Congress keeps their exemption from the value-added tax (VAT) under the first tax reform package.
– Philippine Daily Inquirer

BSP liberalizes micro-banking functions
Incoming Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said the central bank will further liberalize micro-banking offices (MBOs) to operate as light branch with more functions beyond microlending.
– The Manila Times

Philippines considers reduced tariff on garlic imports
The Philippines is considering reducing the tariff on garlic imports to boost local supply and cut its retail price, according to a senior official of the Department of Agriculture (DA).
– Fresh Plaza


Feature photo Bernard Spragg
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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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