Philippines Morning News For October 6

Philippines Morning News For October 6
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Philippines morning newsPhilippine govt stops condom distribution to students
The Philippine Health Department says it will stop distributing condoms to high school students following an outcry from various social elements, especially Catholic Church leaders.

China arms Philippine police for counterterrorism mission
Philippine Defence Secretary Delfin Lorenzana said the Chinese weapons were initially earmarked for the military, but Philippine President Rodrigo Duterte said the police’s need was greater.
South China Morning Post

Corn producers doubtful on 8-M MT output target
Local corn production may not hit the eight million metric ton (MT) target for the year amid unstable prices in the market.

DOT targets 60,000 French tourists this year
The Department of Tourism (DOT) is projecting an increase in visitor arrivals from France to some 60,000 this year.

Japan adding yen to standby lending facility for Philippines
Japan will lend yen to the Philippines in addition to dollars in the event of a financial crisis under a new currency agreement, a move meant to buffer bilateral trade from the vagaries of U.S. monetary policy.
Nikkei Asian Review

Should the government be PH’s third telco?
Unlike other Asian countries, investment in telecoms infrastructure in the Philippines has been driven by the private sector. However, given unmet demand and poor quality of internet service, the Philippine government is now planning to build and operate a public sector-funded national broadband infrastructure. This initiative is one of the action items in the county’s first-ever National Broadband Plan.
Telecom Asia 

Tourism ‘easiest way’ to lift Filipinos from poverty
Tourism could be the easiest way bringing the Philippines out of poverty so the government should take advantage of the country’s natural attractions, the chief of the European Chamber of Commerce of the Philippines said.
The Manila Times

Air freight demand up 12% in Aug – IATA
Global air freight demand has continued to grow by double digits, the International Air Transport Association (IATA) reported, hitting 12.1 percent in August on the back of increased demand,
The Manila Times 

Duterte bats for food crops self-sufficiency
President Duterte urged the Department of Agriculture (DA) to develop more land for food crops for the country to achieve self-sufficiency.
Manila Bulletin 

Call-centre nation Philippines putting up fight as automation steals jobs
Since the early 2000s, the Philippines added more than a million jobs as foreign companies outsourced customer support and sales tasks to the South-east Asian nation.
The Straits Times (paywall)

Only 1 out of 3 granduates employable, study shows
Only one out of three Filipino college graduates is “employable,” which means about 65 percent of graduates in the country do not have the right skills and training to qualify for the jobs they are applying for, a study by India-based employment solutions firm Aspiring Minds showed.

Century taps Megawide for Cavite housing
Century Properties Group Inc. (CPG)’s PHirst Park Homes has already booked P1.2 billion in reservation sales for the first phase of its latest project in Tanza, Cavite.

What role does the Philippines play in helping international startups?
Every startup founder dreams of creating the next big idea that will change the world. Armed with a starry-eyed idealism and determination, they go in search to find partners, employees, venture capital firms and investors to turn those dreams into reality.

Philippine chief justice moves step closer to impeachment
A Philippine congressional body has found “sufficient grounds” to continue with impeachment proceedings against the country’s chief justice.

Sereno impeach rap found ‘sufficient’
THE JUSTICE committee of the House of Representatives on Thursday found “sufficient grounds” to impeach Chief Justice Maria Lourdes Sereno for corruption and other high crimes.
The Manila Times

7 in10 Pinoys fear getting killed in anti-drug war
Seven in 10 Filipinos fear that they or someone they know will become victims of extrajudicial killings amid the government’s ongoing war on drugs, a Social Weather Stations (SWS) poll released on Thursday showed.
The Manila Times 

Higher food prices push inflation to 3.4%
Inflation rose to a five-month high of 3.4 percent in September, the government reported on Thursday, again raising expectations of monetary policy tightening before the end of the year.
The Manila Times 

Duterte creates Anti-Corruption Commission
President Duterte signed Executive Order (EO) No. 43, creating the Presidential Anti-Corruption Commission (PACC) to probe presidential appointees in all branches of government.
Manila Bulletin 

SSS to review settlement offers from delinquent employers
State-run Social Security System (SSS) will form a new committee to review and evaluate settlement proposals from employers who have failed to remit their contributions.

Weaker peso boosts earnings of mango exporters
The weakening of the peso against the dollar has allowed mango growers to earn more from their mango shipments, according to the chief of the Philippine Mango Exporters Federation Inc. (PMEFI).

Groups ask Congress anew to ban aerial spraying of pesticides
A multisectoral group consisting of various non-governmental organizations on Thursday revived the call to ban the aerial spraying of pesticides on local banana plantations.

Customs suspends guidelines on duty and tax-free balikbayan boxes
The Bureau of Customs said Thursday it has temporarily suspended guidelines for the duty and tax-free privilege of consolidated balikbayan boxes amid an outcry from overseas Filipinos that the requirements are too tedious.

10 in 100 applicants get hired for BPO jobs: industry group
Only 10 in every 100 applicants for jobs in the business process outsourcing industry get hired, highlighting the need to match the skills of the labor force with demand, an industry group official said Thursday.

Philippines Banking Sector Report 2017/2018 – Research and Markets
The “Philippines Banking Sector Report 2017/2018” report has been added to Research and Markets’ offering.

Things to know about illegal recruitment in the Philippines
An estimated 6,000 Filipinos leave to work overseas every single day – fathers, mothers, siblings, or even an entire family. (INFOGRAPHIC: Getting to know the OFWs)

Government lenders told to charge competitive rates for teachers
Finance officials are scandalized that public-school teachers across the country would rather borrow from private lenders than from state-owned banks and financial institutions, and urged the Land Bank of the Philippines (LandBank) and the Government Service Insurance System (GSIS) to offer the sector a much more competitive loan program.

Cirtek eyes Quintel as source of growth
CIRTEK Holdings Philippines Corp. sees its recent acquisition of Quintel Inc. as a source of the company’s growth.

ASEAN 50th Conference: Moving Philippine healthcare towards development
Over the years, the Philippines has been an active member of the Association of Southeast Asian Nation (Asean), which contributes to the betterment of universal access to essential health-care services.


Feature photo Ronald Tagra
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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