Philippines Morning News For October 17

Philippines Morning News For October 17

Philippines morning newsOFW remittances hit $2.8B in Aug
Overseas Filipino workers (OFWs) sent home $2.8 billion in August, the Bangko Sentral ng Pilipinas reported on Monday, with year-on-year growth of 9.4 percent the fastest pace seen in five months.
The Manila Times

Pork output seen growing by 3.15% in 2018
Philippine pork production next year could reach 1.635 million metric tons (MMT), 3.15 percent higher than the projected output of 1.585 MMT for this year, according to the United States Department of Agriculture (USDA).

Pulse Asia: 88% of Filipinos support drug war
All Filipinos are aware of the Duterte administration’s war on hard drugs, with majority of them or some 88 percent supporting its campaign, revealed a new survey released by Pulse Asia Research Inc. Monday.
Philippine News Agency 

Lack of know-how is lowering mango production in the Philippines
The dwindling of the mango industry can be attributed to the mango contractors and the lack of proper know-how among mango farmers, said an official of a mango growers group.
Fresh Plaza 

Nationwide transport strike closes classes and government offices in Philippines
Classes at all levels in public and private schools and work in government offices were cancelled on Monday (Oct 16) as transport workers staged a nationwide strike in Philippines, according to the Manila Times Online report on Monday.
Thai PBS

Top terrorist leaders of Marawi battle killed
The top leaders behind the months-long Marawi siege have been killed, The Philippine Inquirer Online reported on Monday quoting Philippine Defence Secretary Delfin Lorenzana.
Thai PBS 

PLDT buys into AAE-1 cable
PLDT has announced plans to invest in a Philippines link for the Asia-Africa-Europe 1 (AAE-1) subsea cable system.
Telecom Asia 

ICTSI sees higher efficiency at Manila ports
Global port operator International Container Terminal Services Inc. (ICTSI) said its acquisition of Petron Corporation’s 34.83 percent stake in the biggest domestic port, the Manila North Harbor, for P1.75 billion, will not lead into a monopoly in port operation in Manila but rather bring in big improvements for logistics firms and port users resulting in cheaper cost of doing business in the country.
Manila Bulletin 

World’s first profit-for-charity breast care center opens in Makati City
According to the Department of Health, one out of four Filipino women is at risk of getting breast cancer in her lifetime.

Globe pushes QR codes for fast food payments
Globe Telecom Inc. is in talks with fast food chains Jollibee Foods Corp. and McDonald’s Philippines for the use of Quick Response (QR) codes to pay for purchases.

Trump will meet with Philippine strongman Rodrigo Duterte during Asia trip
President Donald Trump will meet with Philippine strongman Rodrigo Duterte during his 12-day trip to Asia and Hawaii next month, the White House said Monday.

TradeNet to cover rice, 6 other goods
The government’s online trade facilitation platform — expected to be rolled out this December — will initially cover seven goods that represent half of the Philippines’ total trade volume, the Finance department said.
The Manila Times 

Macro Asia to build $3-million aviation school
MACRO Asia Corp., an aircraft maintenance company controlled by tycoon Lucio Tan, has signed an agreement with PTC Holdings Corp. to create a joint venture for the establishment of an integrated aviation career and resource-development company.

Government online trade facilitation platform rolls out in December
The Department of Finance (DOF) Monday reported that the TradeNet platform that will be rolled out in December will start with the facilitation of seven commonly traded goods that represent half of the country’s total trade volume.

Malaysian firm offers to build P122-B gov’t center in Clark
Malaysian investment holding firm MTD Capital Bhd. has offered to build a government center in New Clark City in Central Luzon worth PHP121.8 billion.
Philippine News Agency

Hawaii trade mission boosts ties with PH
Hawaii is working to assist small businesses develop and market more products to the Philippines, as the two states improve bilateral economic and trade relations, said visiting Hawaii Governor David Ige.
Philippine News Agency 

PH economy seen to top ASEAN
The Philippine economy will continue to grow rapidly along with other countries in the Association of Southeast Asian Nations (ASEAN) region, which is projected to rank as the fourth-largest economy in the next two decades, an economist said.
Philippine News Agency 

DOT wants to reciprocate visa-free privilege granted by Taiwan to Filipinos
THE Department of Tourism (DOT) is requesting the Department of Justice (DOJ) to grant visa-free status to Taiwan.

‘Strikes won’t deter government from phasing out old jeepneys’
The transport strike might have forced Malacañang to suspend classes at all levels and government work on Monday, but the jeepney-modernization program, which a number of jeepney drivers and operators oppose, will still push through.

Report: 1.2 million Filipinos displaced due to conflict, disasters in January-June
Some 1.2 million Filipinos were displaced from their communities in the first six months of the year due to internal conflicts and natural calamities, and the numbers will likely continue to increase, as both causes of displacements get worse each year.

PHL joins air patrols to rid extremist threats in Southeast Asia–Palace
The Philippine government appears to have learned its lesson on terrorism and is taking the extra mile in trying to avoid the occurrence of another “Marawi seige”.

‘PH attractive for investments’
With a market of 100 million, cost-effective wages and an English-speaking workforce, the Philippines is very attractive to foreign investors, a group of Thailand-based businessmen said on Monday.
The Manila Times 

Sukuk seen to boost ASEAN emerging markets
EMERGING MARKETS in the Association of Southeast Asian Nations (ASEAN) should tap the Islamic finance market to access more capital for their development policies, the Hongkong and Shanghai Banking Corp. (HSBC) said.

238 new soldiers enlist in Philippine Army
Some 238 soldiers were enlisted in the Army Support Command (ASCOM) of the Philippine Army’s 2nd Infantry (Jungle Fighter) Division (2ID) following their completion on Monday of the Candidate Soldier Course (CSC) at the Division Training School in this camp.
Philippine News Agency 

Filipino netizens ‘very open’ to social media interaction
IN AN AGE where fake news and alternative facts have proliferated social media, Filipino netizens are found to be still more accepting of messages brands transmit to their news feeds, a research said.

Filipino dead in California wildfires – DFA
A Filipino is presumed dead in the wildfires engulfing north California’s wine country, the Philippine Department of Foreign Affairs (DFA) said Tuesday, October 17.

Cebu, Davao not joining October 17 transport strike
The second day of the nationwide transport strike against the government’s planned jeepney modernization program on Tuesday, October 17, will be scaled down, as fewer participants are expected in areas outside Metro Manila.

Contribution of over 240,000 Filipinos in Qatar praised
Philippine Labour and Employment Secretary Silvestre H Bello III yesterday met with representatives of Filipino community organisations in Qatar on the sidelines of his visit to the country.
The Peninsula Quatar

Feature photo Andrew and Annemarie
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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