Philippines Morning News Roundup For February 23

Philippines Morning News Roundup For February 23
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Welcome to the Philippines morning news roundup by AEC News Today, your one stop for Philippines news on matters of governance and policies affecting Asean business communities.


Philippines morning news

Philippine minister doubtful of China row resolution ‘during our lifetime’
The foreign minister of the Philippines expressed doubt on Wednesday that a maritime sovereignty dispute with China could be resolved “during our lifetime”, so it was better to set it aside, engage Beijing and avoid an armed confrontation.
— Reuters

Higher end of GDP target doable — FMIC-UA&P
THE PHILIPPINE ECONOMY should be able to grow at least seven percent this quarter and for the entire year, riding on a sustained investment boom, as well as positive farm output and goods exports, analysts of First Metro Investment Corp. (FMIC) and the University of Asia & the Pacific (UA&P) said in their latest joint report.
— BusinessWorld

US business leaders downplay PH concerns, cite US-ASEAN FTA talks
American business leaders have assured the Philippines of continued long-term relationship in an apparent attempt to calm down concerns from both sides as they even welcomed the possibility of a bilateral free trade agreement between the ASEAN and US.
— Manila Bulletin

How Will the Philippines’ Military Join Duterte’s Drug War?
On January 29, Philippine President Rodrigo Duterte and his police chief Ronald dela Rosa announced the temporary suspension of the police’s role in the ongoing war on drugs following the high-profile kidnapping and killing of a South Korean businessman.
— The Diplomat (paywall)

PNP task force has received complaints even against star-rank officers
The Philippine National Police’s task force against bad cops has been receiving complaints against policemen as high as star-rank officers allegedly involved in illegal drugs, illegal gambling, kidnapping, and other criminal activities.
— Philippine Daily Inquirer

Higher inflation to prompt hike in BSP rates — S&P
S&P Global Ratings expects the Bangko Sentral ng Pilipinas (BSP) to raise interest rates this year amid the upward pressure on inflation due to the strong economic growth.
— Philippine Star

Japan, China firms eager to enter Phl
Japanese and Chinese companies are looking at investing and partnering with Philippine firms amid the bright prospects brought about by the sustained growth in the economy.
Philippine Star

Ayala group sets P185B capex
The Ayala group has set a larger capital expenditure budget of P185 billion this year primarily to expand its real estate, telecommunications and water units as well as ramp up its emerging businesses in power, industrial technologies, healthcare and education.
— Philippine Daily Inquirer

Philippines to deport convicted U.S. pedophile wanted for crimes
A convicted American pedophile– wanted by U.S. authorities– was arrested Sunday in the Philippines after allegedly committing a string of crimes, the country’s bureau of immigration said
— Fox News World

Philippines, Israel to expand exchange program on agri sector
THE Philippines will be sending over 500 college students annually to Israel in order to learn from Tel Aviv’s expertise and advanced technologies in agriculture, the Department of Finance (DOF) said Wednesday.
— Sunstar Manila



Feature photo: Maynard Rabanal



The Philippines morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.




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