Philippines Morning News For July 10

Duterte’s Call to “Prove” God’s Existence Just More Fake News (video)
The problem with Philippine President Rodrigo Duterte is that it is all to easy to believe the latest screaming headline attributed to him.
— AEC News Today (video)

PH to borrow P1.19-T to finance next year’s budget
The Philippine government said on Monday it plans to borrow up to P1.19 trillion ($22.3 billion) to partly finance next year’s budget, with a quarter of that expected to be met from external sources.
— ABS-CBN

P23.3-billion expressway connector project on track–Metro Pacific
Metro Pacific Investments Corp. is mobilizing initial civil works for the P23.3-billion Connector Road, in time for the full-blast construction of the said highway in the first half of 2019.
— Business Mirror

Senate minority seeks probe on PTV-4’s planned airing of Chinese programs
The Senate minority bloc on Monday, July 9, called for an immediate inquiry into the plan of the Duterte administration to air Chinese television series and movies on the government-owned People’s Television Network (PTV-4) beginning next month.
— Philippine Canadian Inquirer

GDP seen to sustain strong 6.8% growth
ANZ Research said the Philippines may sustain a robust economic growth this year that has led to rising inflation as well as widening trade shortfall.
— The Philippine Star

ASEAN Series: Weaving resurgence in Marawi | Video
The weaving tradition sees a revival in war-torn Marawi as a way to earn money and as a distraction from displacement.
— Channel NewsAsia (video)

BI misreads Duterte order, loses P869M in express lane fees
The Bureau of Immigration (BI) lost P869.24 million last year after it stopped collecting express lane fees starting in June — because of a misinterpretation of President Rodrigo Duterte’s veto on the use of the funds to pay for its personnel.
— Philippine Daily Inquirer

Bureau of the Treasury awards P13.4 billion in T-bills auction
THE Bureau of the Treasury (BTr) received mixed results in its latest auction for Treasury bills (T-bills) on Monday, awarding a total of P13.399 billion from the P15 billion on offer, seeing higher rates for longer-dated securities.
— Business Mirror

Draft constitution proposes giving Philippine President Rodrigo Duterte sweeping powers that could let him rule indefinitely
The draft of a new Philippines constitution that was to be submitted to President Rodrigo Duterte on Monday would grant him sweeping new powers, including rule by decree, a member of the drafting committee said.
— South China Morning Post

PH Navy scouting for port for 2 new missile frigates
The spokesman of the Philippine Navy Monday said that they are looking at Subic in Olongapo City, Pier 13 in Manila and the Naval Forces Central in Lapu Lapu City, Cebu as possible places where the two missile frigates it will soon acquire may dock.
— Manila Bulletin

Indonesia consul calls for shorter, more direct trade routes
Trade between the Philippines and Indonesia has been steadily growing, but most of the cargo traffic still moves between Luzon and Java, which is costlier than more direct routes originating from Mindanao, according to Indonesian Consul General Berlian Napitupulu.
— BusinessWorld Online

Manila, Washington eye start of free trade talks
The United States and the Philippines plan to hold preparatory meetings that will lead to bilateral free trade negotiations, the Finance Department said Monday.
— Manilastandard.net

DSWD provides cash aid to indigent HS students
The Department of Social Welfare and Development (DSWD) is now catering to indigent high school students, providing them with educational assistance of PHP1,500 each, Acting Secretary Virginia Orogo said Monday.
— Philippine News Agency

Philippines, Resorts World Manila Rebound From Deadly Attack
Last June, Resorts World Manila suffered a nightmarish attack by a gunman who set fire to the second floor casino area, leaving 36 dead and more than 50 injured before killing himself.
— Forbes

Govt seeks proposals to develop ICT sector
THE Department of Information and Communications Technology (DICT) will solicit comments from industry leaders on boosting the Philippine ICT industry.
— The Manila Times (annoying pop-ups)

DOTr rounds up 64 colorum vehicles in Cordillera
The Department of Transportation (DOTr) in Cordillera has so far rounded up 64 colorum vehicles, or public utility vehicles plying without permits, since January this year, the agency’s legal officer told the Philippine News Agency (PNA) on Monday.
— Northbound Philippines

Philippine Central Bank Approves Two New Cryptocurrency Exchanges
The Bangko Sentral ng Pilipinas (BSP) has approved the accreditation of two new virtual currency exchanges, bringing the total number of regulated crypto exchanges in the country to five.
— Yahoo Finance

Digital platforms leading Philippines to greater financial inclusion
The rise of various digital platforms is preparing the country for a financial services revolution leading to inclusion, G-Exchange Inc. president Albert Tinio said.
— The Philippine Star

Mactan-Cebu’s new Terminal 2 elevates PHL airport standards
Up until 2017, the Philippines’ main gateway, the Ninoy Aquino International Airport in Metro Manila, has consistently been in the list of the world’s worst airports.
— BusinessWorld Online

Duterte to meet with Mahathir after Pacquiao’s fight in KL
Malacañang announced on Monday that President Rodrigo Duterte will travel to Malaysia next week to meet with Malaysian Prime Minister Mahathir Mohamad after the Manny Pacquiao-Lucas Mathysse fight.
— Philippine News Agency

Lawyer’s crusade: To raise funds for Panay residents with rare disease
Six months after recovering from a rare neurodegenerative disorder that affects muscular movement, lawyer JP Anthony Cuñada resolved to help alleviate or end the misery of fellow dystonia patients, particularly in his home province of Panay.
— Manilastandard.net

FPI says sugar labelling ‘discriminatory’
The Federation of Philippine Industries (FPI) yesterday branded as discriminatory a plan to put additional labels on beverages saying this singles out an industry already overburdened by taxes.
— Malaya

Incentive benefit for OFW’s bigger in 2017
Disbursements under a voluntary provident program for overseas Filipino workers (OFWs) saw double-digit growth last year, the Social Security System (SSS) said on Sunday.
— The Manila Times (annoying pop-ups)

Malacañang: Duterte wants election for federal transition gov’t leader
The Palace on Monday revealed President Rodrigo Duterte wants the leader of the federal transition government be an elected official.
— CNN Philippines

Tax reform law goes full steam amid high inflation
DESPITE the five-year-high 5.2-percent inflation rate recorded in June, the Department of Finance (DOF) over the weekend said the implementation of the tax reform law will not be suspended.
— Sun Star

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.

Philippines Morning News For July 10 added by Stella-maris Ewudolu on July 10, 2018
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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.