Philippines Morning News For October 13

40 European firms set sights on PH renewable energy market
About 40 European companies are set to visit the Philippines this month to explore opportunities in the local renewable energy sector, said an official of the European Union (EU) Delegation to the Philippines.
— Rappler

Rising food prices push PH inflation higher in September
Filipino consumers felt the pinch at supermarkets, restaurants, and gasoline stations in September, as the country’s inflation rate accelerated to a 5-month high, data from the Philippine Statistics Authority (PSA) showed.
— Rappler

Senator urges Philippines to follow different route to sugar tax
A leading lawmaker has joined the drinks industry’s calls for the government to implement a sugar tax based on content, instead of the current proposal which would be governed by sugar volume.
— FoodNavigator-Asia

Middle East’s LuLu eyes investments in agriculture in the Philippines
One of the fastest growing supermarket chains in the Middle East and India, LuLu, is eyeing to invest in the Philippines, the Philippine Economic Zone Authority (PEZA) Director General, Charito Plaza, said.
— Fresh Plaza

Foreign businessmen oppose ban on mineral ore exports
Foreign businessmen have raised concerns on the possible negative economic implications of the proposed ban on the export of mineral ores.
— Philstar

Lazada Philippines to increase distribution centers, use e-bikes
ONLINE MARKETPLACE Lazada Philippines is expanding its logistics network around the country with the opening of more distribution centers as well as the use of electric bikes (e-bike) to handle the delivery of products in Metro Manila.
— BusinessWorld

PDEA takes over drug war
PHILIPPINE National Police (PNP) Chief Ronald “Bato” de la Rosa officially terminated on Thursday anti-illegal drug operations under “Oplan Tokhang” and “Oplan Double Barrel,” under heavy international and local pressure amid the killings of thousands of suspects.
— The Manila Times

End ties, expel PH from rights body, Duterte dares EU
PRESIDENT Rodrigo Duterte has dared the European Union (EU) to expel the Philippines as a member of the UN Human Rights Council amid continued criticism of his administration’s bloody war against illegal drugs.
— The Manila Times

Gov’t fatalities in Marawi rise to 160
The number of government troops killed in the war here has risen to 160, as state security forces make a hard push against remaining Islamic State-inspired terrorists holed up in a small pocket of the city to end the conflict by Oct. 15.
— Philippine Daily Inquirer

PH has ‘huge potential’ to lure investments – BSP
The Philippines’ investment prospects remain particularly favorable but reforms are needed to lure more foreign businesses, the Bangko Sentral ng Pilipinas (BSP) said.
— The Manila Times

Prepare for multiple terror attacks, Duterte tells troops
President Rodrigo Duterte on Wednesday urged the military to be prepared for multiple terror attacks as he announced Russia’s donation of guns to help fight terrorists.
— The Manila Times

Duterte dares critics to unite against him
President Rodrigo Duterte on Thursday dared all his critics to unite into one group so that he could easily focus on all of them.
— Philippine News Agency

Ex-mayor shares best agri practices with other LGUs
When Engineer Eduardo Guillen, former mayor of Piddig, Ilocos Norte, initiated a peaceful revolt to end hunger and poverty in his town, little did he know that he would be travelling far to share its benefits and achievements to others.
— Philippine News Agency

Gov’t plans to give perks to local vehicle body makers
Local makers of vehicle bodies may enjoy incentives under the Public Utility Vehicle (PUV) Modernization Program, Department of Trade and Industry (DTI) Secretary Ramon Lopez said Thursday.
— Philippine News Agency

SEC warns public against investing in Pluggle
The Securities and Exchange Commission (SEC) warned the public against investing in Pluggle Incorporated, an online advertising website that is not authorized to solicit investments.
— Rappler

Economic team moves to stir US interest
ECONOMIC MANAGERS of President Rodrigo R. Duterte have made an investment pitch in New York, telling American investors to be part of the Philippines’ “exciting growth story” over the long term, in statements that underscored the Asian economy’s desire to buoy its pallid foreign direct investments (FDIs).
— BusinessWorld

Army officer linked to Burgos case acquitted
MORE THAN 10 years after activist Jonas Burgos went missing after being snatched from a mall in Quezon City, an Army officer charged with the abduction was acquitted by the Quezon City Regional Trial Court (RTC) on Thursday, Oct. 12.
— BusinessWorld

Duterte curses EU anew, threatens to expel envoys
President Duterte on Thursday strongly objected to what he said were calls to expel the Philippines from the United Nations over the alleged drug killings in the country, asserting that China, Russia, and members of the Association of Southeast Asian Nations (Asean) would not allow it to happen.
— Philippine Daily Inquirer

Fuel marking seen yielding P20B in gov’t revenue
The fuel marking system to be implemented early next year as part of the first tax reform package will generate P20 billion in additional revenue for the government as it is seen substantially curbing oil smuggling, according to officials of the Department of Finance.
— Philippine Daily Inquirer

How Philippine President Rodrigo Duterte Will Overcome A Sudden Drop In Popularity
If there’s one thing just about everyone trusts in the Philippines, it’s the Southeast Asian country’s own opinion polling service Social Weather Stations.
— Forbes

Opposition senators claim e-mail hacking
MINORITY SENATORS in a statement on Thursday, Oct. 12, claimed there have been “several hacking incidents concerning the e-mail addresses of our staff from the offices of Senators (Francis N.) Kiko Pangilinan and (Paolo Benigno A.) Bam Aquino, and just now the official e-mail addresses for releasing media statements of Senator Pangilinan and the Liberal Party.”
— BusinessWorld

‘Government must create more jobs, control population growth’
The Philippines can catch up with the rest of the world if it would be able to control population growth, create more jobs by attracting more foreign direct investments (FDI) and having a “stable” government.
— BusinessMirror

Overseas Filipino Bank to be operational by January 2018
THE NEWLY created Overseas Filipino Bank (OFB) will be operational by January 2018, Labor Secretary Silvestre H. Bello III assured yesterday.
— BusinessWorld

15 Cebu towns present waste management plans for approval
THE FIRST batch of local government units (LGUs) in Cebu, composed of 15 municipalities, started presenting yesterday their respective 10-year garbage disposal plans to the National Solid Waste Management Commission (NSWMC) for assessment and approval.
— BusinessWorld

NTC-Davao to crack down on unlicensed telecom shops, online dealers
THE NATIONAL Telecommunications Commission (NTC) Davao Region office is launching a crackdown on dealers of unlicensed communications equipment, including cellular phones. Nelson T. Cañete, NTC regional director, said there have been increasing reports on the proliferation of illegal telecommunications products being sold both in physical stores and online shops.
— BusinessWorld

Senate to unseal fratman’s testimony
THE entire Senate on Wednesday adopted a resolution authorizing the “declassification” of the testimony of John Paul Solano in a September 25 executive session concerning the death of hazing victim Horacio Castillo 3rd.
— The Manila Times

Customs agents seize P2B counterfeit goods
Agents of the Bureau of Customs (BoC) on Thursday seized counterfeit electronic gadgets worth P2 billion in Binondo, Manila.
— The Manila Times

Bill setting high rice tariffs vice QR advances in House
The Philippines is inching closer to finally scrapping the quantitative restriction (QR) on rice after a substitute bill mandating its abolition has been approved by a technical working group (TWG) in the House of Representatives.
— BusinessMirror

DOF proposes P2-B budget for fuel marking
The Department of Finance (DOF) is proposing a budget of P2 billion in 2018 for the fuel marking program, a tax administration measure aimed to plug as much as P40 billion in tax leakages caused by oil smuggling.
— Philstar

Philippines must assure tourists on safety — JLL
The Philippines needs to assure tourists of their security to ensure the continued growth of the sector, a property services firm said.
— Philstar

8 ways individuals, enterprises can guard vs cyber attacks
Cyber attacks are evolving, highlighting the need for governments, businesses and individuals to fortify their online defenses, security experts said.
— ABS-CBN

Feature photo Bernard Spragg. NZ
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.

Philippines Morning News For October 13 added by Leakhena Khat on October 13, 2017
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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.