Philippines Morning News For November 8

Philippines Morning News For November 8

Philippines morning newsIMF retains growth forecast for PHL, but flags rising loan level
The International Monetary Fund (IMF) reiterated its confidence in the Philippine economy’s strength and ability to withstand upcoming global headwinds for the year and the next.

Japan eyed to fund P590B infra projects
The Department of Finance (DOF) is working with Japan on the funding requirements for three big-ticket infrastructure projects.

Philippine auto sector outperforms in ASEAN market
The Philippine automotive industry is showing no signs of slowing down as it continues to be among the top performing sales and production markets in Southeast Asia in the first three quarters

Philippines starts construction near China’s manmade islands in disputed waters
The Philippines has started upgrading military facilities on the biggest features it occupies in the disputed South China Sea, its defense secretary said on Tuesday, asserting Manila’s claims in the strategic waterway.

Will DU30 bury all thoughts about revolutionary govt?
AN earlier report said Tokyo might be forced to withdraw its official development assistance (ODA) of one trillion yen ($9 billion) to the Philippines over the next five years, plus $2 billion in private sector loans at a ridiculously low interest rate of 0.001 percent per annum, should President Rodrigo Duterte declare a “revolutionary government.”
The Manila Times

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Chinese Premier to Visit the Philippines to Strengthen Ties
Relations between China and the Philippines are significantly warming up, at least in Beijing’s eyes.
The Diplomat 

Civilian deaths rise as Philippines war on drugs continues
The Philippine government says its war on drugs is producing results.
Al Jazeera 

PH rivals Vietnam as investors look to Southeast Asia
Vietnam is the Philippines’ foremost rival for investments, as businessmen look to Southeast Asia for growth, a British business group said Tuesday.

PH Navy joins Asean exercises in Thailand
The Philippines will send a 600-man contingent to Thailand to participate in the first Association of Southeast Asian Nations (Asean) Multilateral Naval Exercise (Amnex).
The Manila Times 

DOT underscores growing interest in PHL as a cruising destination
SOME 1,400 tourists disembarked at the South Harbor, Port of Manila on Tuesday for a day tour of Metro Manila and the island of Corregidor, before resuming their cruise of Asia.

BY 2020: Developer on track to hit P40B net
Ayala Land Inc. said profit for the first nine months of the year reached P17.8 billion, up 18 percent from P15.06 billion in the same period of 2016.

6 firms named best employers in PH for 2017
Six companies were named as Best Employers in the Philippines for 2017 by Aon, a leading global professional services firm for risk, retirement, and health solutions.
Philippine News Agency 

Online travel agencies to spur Philippine tourism growth
Domestic and international tourism in the Philippines is expected to experience sustained growth by 2025. This is thanks in large part to online travel agencies, or OTAs, like Traveloka and Expedia, which make flight and hotel booking easier and more affordable than ever before.

Journalism under fire amid fake news – Unesco
Across the world, journalism is under fire amid the proliferation of “fake news” and social media-driven echo chambers, a new report of the United Nations Educational, Scientific and Cultural Organization (UNESCO) said.

Businessmen brace for the unexpected in Trump tour
Some businesses in Asia are bracing for the unexpected, as President Donald J. Trump traverses the region and meets with the leaders of major United States trading partners.

Palace on Sereno impeachment: Let the process continue
Malacañang will just let the impeachment process against Chief Justice Maria Lourdes Sereno take its course after she refused to heed the Palace’s call for her to resign.

Leni: ASEAN integration good for women
Vice President Leni Robredo is looking forward to the economic integration of the Association of Southeast Asian Nations (ASEAN), saying this will provide more opportunities for women in the region.

Gov’t makes partial award of 10-year bonds as rates climb
THE GOVERNMENT partially awarded the Treasury bonds (T-bonds) it offered on Tuesday as yields bid by banks were above its benchmarks and as it maintains a healthy cash position.

PHL set to sign 3 Japan ODA deals
THE PHILIPPINES is set to sign agreements with Japan for three big-ticket infrastructure projects next week on the sidelines of the 31st Association of Southeast Asian Nations (ASEAN) Summit.

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Oligarch-controlled mainstream media vs cyber journalists
THE new presidential spokesman Harry Roque, Jr. in a TV interview said he hopes “to teach Assistant Secretary Mocha Uson and the so-called diehard Duterte supporters the value of mainstream media to government and society.”
The Manila Times 

Ombudsman to probe P6.4B drug haul
THE Office of the Ombudsman yesterday announced the creation of a special panel of investigators to conduct fact-finding inquiries into the entry of 604 kilograms of methamphetamine hydrochloride or shabu through the Bureau of Customs in May this year.

Gross reserves drop to near 2-year low in Oct.
THE COUNTRY’S foreign reserves dipped in October to hit a near two-year low as the Bangko Sentral ng Pilipinas (BSP) tapped the funds to manage foreign currency swings, the central bank reported yesterday.

Expect higher Meralco bill this month
Power rates could go up this month, mainly on account of higher power-generation charge compared to the previous month.

Aquino charged in court today over Mamasapano
CRIMINAL charges will be filed at the Sandiganbayan this morning against former President Benigno S. Aquino III for his alleged unlawful acts in connection with the planning and execution of “Oplan Exodus” in January 2015, which resulted in the death of at least 64 people, including 44 officers of the PNP-Special Action Force.


Feature photo Asian Development Bank
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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