Philippines Morning News For November 27

Philippines Morning News For November 27
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Philippines morning newsPhilippines: Ag sector grows 6.27% in Q3, farmer income by 3.68%
The agriculture sector grew 6.27 percent in the third quarter this year compared to the same period last year, with farmers’ income rising 3.68 percent from July to September.
Fresh Plaza 

Chemical firms eye PH as hub
Chemical manufacturers from China are looking at the Philippines as possible hub of their manufacturing facilities.

Govt urged to review plan to let NFA produce other farm products
Expanding the market and distribution activities of the National Food Authority (NFA) by including nongrain commodities could cause the government to incur losses, according to local economists.

Marijuana: Harmful drug or medicine?
Is marijuana a harmful drug or a beneficial medicine? This question has been a hot topic in the House of Representatives after a proposal to legalize compassionate and right access to medical cannabis was submitted for plenary consideration.

The Global Hunger Index: Where is the Philippines?
The Global Hunger Index (GHI) comprehensively measures and tracks hunger at the global, regional, and national levels. The International Food Policy Research Institute (IFPRI) calculates GHI scores each year to assess progress in combating hunger. The 2017 GHI has been calculated for the 119 countries for which data are available.
Philippines Daily Inquirer

Philippines: Improving seafarers’ productivity, welfare
Seafarers play a big role in the Philippine maritime industry’s success. As such, shipping companies should be able to sustain the outstanding quality and performance of every officer and crew that man their vessels by requiring continuous education and training, strictly implementing international shipping standards, and adhering to obligations concerning human welfare, as well as setting up sufficient safeguards and security measures at work.
Hellenic Shipping News 

Group backs lower tax on beverages
Consumer advocacy group CitizenWatch Philippines has joined the mounting calls to minimize the impact of the sugar sweetened beverage taxes to poor consumers .

Resolving PHL’s nuclear-power quandary
Nuclear experts based in Russia have concluded their preliminary assessment on the possibility and viability of rehabilitating the 620-megawatt (MW) Bataan Nuclear Power Plant (BNPP), the first nuclear power plant built in Southeast Asia more than three decades ago that never went into operation.

1 M Muslims to prod Duterte on Bangsamoro law
At least one million Muslims from Mindanao are expected to present to President Duterte today their manifesto pushing for the speedy passage of the proposed Bangsamoro Basic Law that remains pending in Congress.

FS on P106B airport projects up for revision
The Department of Transportation (DOTr) is revising the feasibility study (FS) on the modernization of the four regional airports Davao, Iloilo, Bacolod-Silay and Laguindigan at a cost of P106 billion.

SC approval needed for justice’s testimony
Chief Justice Maria Lourdes Sereno’s colleagues in the Supreme Court will have the final say on whether or not SC Associate Justice Teresita Leonardo-de Castro can face the House committee on justice that is hearing Sereno’s impeachment case.

MGB wants to hike mining excise tax based on output
The Mines and Geosciences Bureau (MGB) is more partial to adjusting the excise tax slapped on mining firms based on their minerals production than peg the increase at a uniform rate.

Sweden raises issues on human rights with Phl
Sweden has raised with the Philippine government the issues on human rights, the conduct of the war on drugs and the possible reintroduction of capital punishment.

‘Anti-red tape bill to draw more investments to Philippine’
The House of Representatives’ recent plenary approval of a measure seeking to cut significantly the bureaucratic red tape in acquiring government clearances and permits will help attract more foreign direct investments in the country.

Duterte to join anti-corruption summit
PRESIDENT Rodrigo Duterte will be attending the first ever anti-corruption summit this week.
The Manila Times 

Philippine Regulator Plans to Legalize Cryptocurrencies, Classify as Securities
The Philippines’ Securities and Exchange Commission (SEC) has announced that it is considering steps to legalize the use of digital currencies in the country by classifying them as securities. The move comes following the financial regulator’s issuance of regulations for the cryptocurrencies like Bitcoin earlier in 2017.

Duterte convenes Cabinet for AFP procurement projects
President Rodrigo Duterte convened with his Cabinet members to discuss the updates on the Armed Forces of the Philippines (AFP) procurement projects in Malacañang Palace on November 23.
Update Philippines

VAT cut won’t erode tax take, senator says
SENATOR Panfilo Lacson said Sunday the government can still generate at least P1.7 trillion in revenues next year even if the rate of value-added tax is lowered to 10 percent.
Manila Standard 

Investors looking for news on tax reforms
Stock market investors will likely take their cues this week from news about the government’s proposed Tax Reform for Acceleration and Inclusion (Train) Act, analysts said.
The Manila Times 

Poe urges Duterte to push emergency powers
With three weeks left before Congress adjourns, Sen. Grace Poe appealed yesterday to President Duterte to certify as urgent the pending emergency powers bill as the transportation crisis in the country continues to worsen.


Feature photo Bro. Jeffrey Pioquinto, SJ
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

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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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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