Philippines Morning News For April 27

Philippines Morning News For April 27

Philippines morning news

Govt approves P735-b int’l airport in Bulacan
The National Economic and Development Authority board headed by President Rodrigo Duterte approved eight major projects Wednesday, including the P735.6-billion international airport project of San Miguel Corp. in Bulacan province.
— Manila Standard

Kuwait orders Philippine ambassador to leave in a week
The Kuwaiti government has ordered the Philippine Ambassador to Kuwait to leave the country in one week. On Wednesday, Kuwait’s Ministry of Foreign Affairs announced that Renato Villa has been notified that he is persona non-grata in the country and ordered him to leave in one week, Kuwait News Agency reported.
— Asia Times

Philippine government following tough stance on nickel miners
Investing News reported that new regulations designed to encourage environmental rehabilitation in the Philippines could see nickel production in that country curbed.
— Steel Guru

Philippines to draw up nuclear energy policy
The Philippines Department of Energy has submitted its recommendation to the President on the country’s nuclear energy policy. The policy will include a decision on the future of the mothballed Bataan nuclear power plant.
— World Nuclear News

Metrobank seeks fresh P25B from term deposit offer
On the heels of a P60-billion capital boost program, Ty family-led Metropolitan Bank & Trust Co. plans to raise P25 billion more from a new offering of high-yielding deposits to diversify and lengthen its funding pool.
— Philippine Daily Inquirer

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Ayala-led Manila Water bags P400-million deal in Bulacan
Ayala-led utility firm Manila Water Company Incorporated bagged a P400-million water project in Balagtas, Bulacan.
— Rappler

P7M eyed from auction of seized goods
The Bureau of Customs (BOC) is eyeing to generate additional estimated revenues of P7.19 million, as it holds a public auction sale of various goods.
— Malaya

Viral ‘Rescue’ Videos Ignite Dispute Between Philippines And Kuwait
Philippine authorities say they have conveyed to Kuwait their “strong surprise and great displeasure” over the Gulf country’s decision to expel their envoy within a week.
— NPR

Electronic exports up 10% in Jan-Feb
The Philippines’ exports of electronics increased by 10 percent to $5.328 billion (P278.55 billion) in the first two months of 2018 from $4.837 billion (P252.88 billion) a year ago, the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (Seipi) said.
— The Manila Times

Landbank lends P63 billion to farm sector in 2017
The Land Bank of the Philippines has extended P63 billion in loans to farmers and fisherfolks last year.
— Philippine Star

Party switching banned in proposed new Constitution
Party switching or political turncoatism will be banned in the proposed new charter being drafted by the Consultative Committee (ConCom) tasked by President Rodrigo R. Duterte to review the 1987 Constitution.
— Philippine News Agency

Kuwait issues arrest warrants vs 3 Filipino diplomats
The Philippines confirmed on Thursday, April 26, that Kuwait has issued arrest warrants against 3 Filipino diplomats, while 4 of the embassy’s Filipino hires remain in detention.
— Rappler

Foreign businessmen urge PH gov’t to be cautious on rationalization of fiscal incentives
American and Japanese businessmen express their worries over government’s plan to rationalize fiscal incentives under the proposed second tax reform package.
— ABS-CBN (video)

Self-rated poverty declines to record-low 42% in Q1 — SWS
THE share of families self-reporting as poor decreased in the first quarter of 2018 to a record-low 42%, equivalent to 9.8 million families, according to a Social Weather Stations (SWS) report.
— BusinessWorld Online

CebuPac to fly 22 million passengers in 2018
BUDGET carrier Cebu Pacific aims to fly about 22 million passengers by year-end, as it continues to build up its route network and its portfolio of jets throughout 2018.
— Business Mirror

SPEs for project finance given 25% SBL leeway
Special Purpose Entities (SPEs), either a corporation or a trust, created for project finance undertakings will have its own single borrower’s limit (SBL) equivalent to 25 percent of its net worth, according to the central bank.
— Manila Bulletin

BPI-supported program helps K-to-12 students find internships
BANK of the Philippine Islands (BPI) said the BPI Foundation and social enterprise YGOAL, Inc. are working with the Department of Education (DepEd) to help K-to-12 students gain more work experience during and after their time in school.
— BusinessWorld Online

BFAR sets up 44 community fish landing centers in Region 1
The Department of Agriculture’s Bureau of Fisheries and Aquatic Resources (BFAR) has established 44 Community Fish Landing Centers (CFLC) in Region 1, which were designed to ensure high quality products for consumers thus providing good income for fisherfolk.
— Northbound Philippines

Duterte declares state of calamity in 3 barangays in Boracay
On the first day of Boracay closure, President Rodrigo Duterte officially declared a state of calamity in three villages of the world-famous White Beach on Thursday, April 26.
— Philippine Canadian Inquirer

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Volvo, Saab, lead Sweden firms eyeing Philippines infra prospects
Swedish companies led by Volvo and Saab are taking a look at the Philippines to provide sustainable solutions to the ongoing efforts to modernize the country’s infrastructure, particularly in setting up a bus rapid system and beefing up security in the country’s airports.
— Philippines Magazine

 

Feature photo Brian Evans

 

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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