Philippines Morning News For September 4

Philippines Morning News For September 4
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Philippines morning newsNo changes in PSEi; sectors revamped
The Philippine Stock Exchange (PSE) said there will be no changes in the composition of bellwether Philippine Stock Exchange index (PSEi) after the review covering the trading period July 2016 to June 2017.
— Malaya

Philippines manufacturing PMI loses momentum in August
The Nikkei Philippines Manufacturing Purchasing Managers’ Index, or PMI, slumped in August, pointing to a loss of momentum in the country’s manufacturing economy.
— Nikkei Asian Review

Phl showing signs of overheating — ING
Dutch financial giant ING Bank said the Philippines is showing signs of overheating with the country’s gross domestic product (GDP) growing between six and seven percent over the next five years.
— The Philippine Star

SSS disbursed P1.45T in six decades
Social Security System (SSS) said it has disbursed nearly P1.45 trillion worth of benefits to its members since it started operations in 1957, marking its 60th anniversary this year.
— Malaya

SC issues permanent order vs contraceptive implants
The Supreme Court has made final its order barring the government from procuring, promoting and distributing two contraceptive implants in a move that may further draw censure from President Rodrigo Duterte.
— Philippine Daily Inquirer

US producers ready to lend expertise to fast-track PHL recovery from bird flu
The USA Poultry and Egg Export Council (USAPEEC) said it is willing to help speed up the recovery of the Philippine poultry sector from the outbreak of avian influenza (AI) or bird flu.
— Business Mirror

Duterte slams church’s silence on addict rampage
President Rodrigo Duterte expressed dismay on the silence of the church and human rights groups on massacres committed by drug addicts.
— The Star Online

Franciscans struggle to aid forgotten Marawi refugees
Families displaced by three months of fighting on the southern Philippine island of Mindanao are grappling with unemployment and a sudden spike in school dropout rates, Franciscan missionaries warned.
— UCA News

Blood needed: With PH blood supply below target, patients seek help online
Aena Briones was a grade school student when she was told to scour hospitals and look for blood. Her grandmother had been rushed to a hospital in Quezon City, a wound in her stomach, and needed blood badly. At the time, Aena was the only one in Metro Manila who could tend to her grandmother.
— Rappler

PITC to procure P2B regional Wi-Fi infra
The Philippine International Trading Corp. (PITC), the state trading arm attached to the Department of Trade and Industry (DTI), signed on Thursday a memorandum of agreement with the Department of National Defense (DND) and the Department of Information and Communications Technology (DICT) for the procurement of the government’s defense equipment and Wi-Fi infrastructure system.
— Malaya

Phl unlikely to move up in Gender Gap Index
The Philippines is seen maintaining its spot in the World Economic Forum (WEF)’s Global Gender Gap Report this year, with the government acknowledging the need for better implementation of existing laws to propel the country’s position in the rankings.
— The Philippine Star

Headline inflation seen higher in August
The Department of Finance (DOF) anticipates a slight uptick in the country’s inflation in August reaching 3.1 percent, due to the combined impact of food- and petroleum-price adjustments.
— Business Mirror

Lapeña tasked to collect P50B/mo.
Isidro Lapeña, the new commissioner of the Bureau of Customs (BOC) has been tasked to collect P50.1 billion per month until the end of the year, to meet the agency’s full year target of P459.64 billion.
— Malaya

US transfers 1000 gas masks to Philippine Navy
One thousand M40 field protective masks, a type of gas mask, and C2 filter canisters were transferred by Joint United States Military Assistance Group (JUSMAG) to the Philippine Navy (PN) on August 30 and 31, the United States Embassy in Manila said.
— Update Philippines

Peso expected to climb on weak US jobs report
THE PESO will likely trade higher against the dollar this week on the back of softer-than-expected US labor data and ahead of the European Central Bank’s (ECB) policy meeting, which investors are watching for hints on its future decisions.
— BusinessWorld Online

Pacquiao says again how Horn rematch will take place in The Philippines
As fight fans have probably read, the planned November 12 rematch between Jeff Horn and Manny Pacquiao is now off; due to Manny declaring he is “busy with government duties” and cannot fight the WBC welterweight champ again until next year. Team Horn now search a suitable Nov. 12 replacement foe.
— East Side Boxing

Drones to be used in conservation efforts
Unmanned aerial vehicles (UEVs) or drones can become an essential tool in environmental protection and conservation as pointed out during the 2nd Mindanao Protected Area Management Board (PAMB) network conference here last Wednesday, August 30.
— Sun Star

P3.3 M allotted for transfer of PCOS machines
The Commission on Elections (Comelec) has allotted P3.3 million for the transfer of old precinct count optical scan (PCOS) machines to a new warehouse in Sta. Rosa, Laguna.
— The Philippine Star

Palace backs proposal to grant P1-M aid to wounded troops in Marawi
Malacañang supports a proposal to give P1 million financial assistance to soldiers and policemen who were disabled in the line of duty in Marawi.

PAL sees 20-M passenger load by 2021
Despite the government’s push to ease the congestion in the country’s main gateway, flag carrier Philippine Airlines (PAL) is still betting big on Ninoy Aquino International Airport (NAIA), even seeing its passenger count at 20 million by 2021.
— Manila Bulletin

Taguba in no position to clear Paolo and Mans
LAST Friday, 26-year old customs broker Mark Taguba, through lawyer Raymond Fortun, released the following statement:
— Malaya

‘Manila must enforce plastic bag ordinance’
The EcoWaste Coalition, a waste and pollution watch group, bewailed the delay in the implementation of a key environmental measure that could have helped the City of Manila in reducing its garbage woes.

SMC Global Power plans to sell P35-b debt securities
SMC Global Power Holdings Inc., the power generation unit of conglomerate San Miguel Corp., said it plans to issue up to P35 billion worth of debt securities under a shelf-registration program to refinance dollar-denominated debts.

Govt to greenlight new LRT-1 coaches
Commuters can look forward to riding new Light Rail Transit Line 1 (LRT-1) coaches as a procurement notice is expected to be issued by the government in November, operator Light Rail Manila Corporation (LRMC) said.
— The Manila Times

SRA sees 4.8% decline in sugar output
THE PHILIPPINES has allocated the bulk of this crop year’s sugar output to the domestic market amid an expected decline in production, though the regulator said it will be able to meet its US export commitments and ship some product to other markets as well.
— BusinessWorld Online

Rody: I would advise my son to appear before Senate but…
PRESIDENT Duterte yesterday said he would advise his son, Davao City Vice Mayor Paolo Duterte, to attend and face a Senate inquiry on the alleged smuggling of some P6.4-billion worth of shabu into the country where his name is being dragged.
— Malaya

PAF looking for P192.6-M worth of chopper parts
The Philippine Air Force (PAF), through its Bids and Awards Committee (BAC), is now looking for suppliers of PHP192,693,000 worth of spare parts needed for the maintenance of its six remaining W-3A “Sokol” helicopters.
— Philippine News Agency

NCRPO extends aid to 1,500 ‘bakwit’ families
In line with ongoing efforts to care for persons displaced by the fighting in Marawi City, the National Capital Region Police Office (NCRPO) has distributed last month relief goods to 1,500 “bakwit” families in seven evacuation centers in Iligan City.
— Philippine Canadian Inquirer

Former Cebu mayor gets 12 years over 350 bags of cement
FOR failing to return 350 bags of cement purchased with public funds totaling P57,750, former Tudela, Cebu mayor Rogelio Baquerfo Sr. is now facing imprisonment for 12 years.
— Malaya

Duterte sees end of Marawi crisis by December
The Marawi crisis should end soon so that the government can deal with other problems that could erupt into bigger troubles, President Rodrigo Duterte said on Saturday.
— Philippine Daily Inquirer


Feature photo ILO in Asia and the Pacific
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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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