Philippines morning news for July 20

Philippines morning news for July 20
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Philippines morning newsPhilippines hits 3.7 million foreign tourists mid-2018
The Department of Tourism (DOT) on Thursday, July 19, announced that foreign visitor arrivals reached an all-time high of 3.7 million for the first half of 2018.
— Rappler

US gives $26.5 million to boost Philippine counterterrorism efforts
As a “proud ally” of the Philippines, the US said it would “continue to provide whole-of-government support and assistance to the country’s counterterrorism efforts as both sides work together to address shared threats”.
— Philippines Lifestyle

ADB maintains 2018, 2019 growth forecast for Philippine economy
Asian Development Bank (ADB) has kept its economic growth estimates for the Philippines at 6.8 percent in 2018 and 6.9 percent in 2019, said a new ADB report released on Thursday.
— Xinhua

H1 dollar outflows now more than double BSP’s forecast for entire 2018
With only six months worth of international transactions having been tallied to date, the central bank announced yesterday that the cumulative dollar outflows from the Philippine economy have already exceeded its full year forecast by more than 100 percent.
— Philippine Daily Inquirer

Hiring grows for fifth straight month in May; BPO declines
HIRING ACTIVITY grew for a fifth straight month in May, with job listings rising 7% year on year, though the growth rate was slower than the 12% recorded in April, and the business process outsourcing (BPO) sector continuing to post double-digit declines, online jobs website said.
— BusinessWorld Online

BOP gap widens to $1.2 billion in June 2018
The country’s balance of payments (BOP) deficit ballooned to the widest level in 19 months to hit $1.17 billion in June amid strong dollar outflows to finance the importation of capital equipment and raw materials, according to the Bangko Sentral ng Pilipinas.
— The Philippine Star

Gov’t incentives to firms swell to P376 billion in 2015-2016
Foregone revenues due to the grant of income tax holidays, customs duty incentives, and other perks to large corporations amounted to P376 billion in 2015-2016, according to the Department of Finance (DOF).
— The Philippine Star

NTC order to cut telcos’ interconnection fees lands PHL now with 3rd lowest rates in Asean
WITH the National Telecommunications Commission’s (NTC) order to lower the interconnection fees among telcos, the Philippines now ranks as the third nation—after five countries—in Southeast Asia with the lowest interconnection charges.
— Business Mirror

Convictions of child traffickers signal ‘justice for poor’
Recent decisions to reverse the acquittals of human traffickers preying on minors in the Philippines are testaments that “justice for the poor is possible,” an international, non-governmental organization focused on human rights, law and law enforcement said on Thursday.
— Philippine News Agency

COA flags Philippine Coconut Authority for overpriced corn, other irregularities
The Commission on Audit has questioned the purchases of the Philippine Coconut Authority (PCA) regional offices, saying these were overpriced by over a million.

Sister Fox told to leave Philippines, visa canceled
The Bureau of Immigration has ordered the deportation of Australian missionary Sister Patricia Fox for allegedly violating the conditions of her visa in joining political activities.

Duterte has made PHL ‘a far more dangerous place’ — Amnesty Int’l
Rather than making the Philippines safer, President Rodrigo Duterte has made the country a “far more dangerous place” by rolling back Filipinos’ human rights protections, Amnesty International Philippines said.
— GMA News

BOI sees nearly 28% jump in investment pledges
Department of Trade and Industry (DTI) Secretary Ramon Lopez revealed that investment pledges in its attached investment promotion agency (IPA), the Board of Investments (BOI), increased by nearly 28 percent in the first half of 2018.
— Philippine News Agency

DPWH allots P1.08 billion to rebuild, retrofit 36 Metro Manila bridges
With the government allotting P1.08 billion to develop bridges in Metro Manila, the Department of Public Works and Highways (DPWH) is ensuring that the reconstruction methods and processes involved in the retrofitting, rehabilitation, and replacement of old and weak bridges in the metropolis is on a par with international standards.
— Business Mirror

India seeks better trade, tourism ties with PH
India is vigorously pushing for increased trade and tourism ties with the Philippines, as the country is turning to Southeast Asia to accelerate its economic development through its “Act East” policy.
— Panay News

TMP takes P1-B hit over weak peso
Toyota Motor Philippines, the country’s largest car player, yesterday said the peso depreciation would translate to more than P1 billion in additional cost this year, which they hope to recover through higher prices of their vehicles to sustain income and prop up profitability.
— Manila Bulletin

Feature: Metro Manila fights back malnutrition
Nutrition is deeply valued by Filipinos. Every year, educational institutions and local government units gear up to celebrate the much-anticipated Nutrition Month.
— Philippine Information Agency

Singapore firms attracted to PHL consumer demand — HSBC
HONGKONG and Shanghai Banking Corp. (HSBC) said investments from Singapore are expected to increase in the Philippines due to its growing consumer market, though investors also had more bullish plans for other Southeast Asian markets.
— BusinessWorld Online

BI launches e-gate facility in PHL’s four international airports
The Bureau of Immigration (BI) introduced on Thursday its P329-million electronic gate system, or e-gate, which is expected to enhance and lessen the air travelers clearing time.
— Business Mirror

BSP hikes signal commitment to price stability
THE CENTRAL BANK flexed its muscle last month through a second tightening move to signal that they wield a firm hand on economic stability, while previously flagged risks have now materialized.
— BusinessWorld Online

Household spending rises 5.9% in 2017 — PSA
HOUSEHOLD SPENDING increased 5.9% in 2017 though 13 of 17 regions posted slower growth rates, according to data released by the Philippine Statistics Authority (PSA).
— BusinessWorld Online

DOTr to roll out 200 modern jeepneys before SONA
THE Department of Transportation (DOTr) is rolling out around 200 units of modern jeepneys next week under the PUV Modernization Program, days before President Rodrigo Duterte’s State of the Nation Address (SONA).
— Panay News

Duterte to sign BBL ahead of SONA
President Rodrigo Duterte’s third State of the Nation Address is set to be a historic one, with the country’s leader expected to sign the proposed Bangsamoro Basic Law (BBL) before he delivers his SONA on Monday, Malacañang said on Thursday.
— The Manila Times

5 Baguio health centers to be upgraded to birthing stations
Five district health centers in Baguio City are set to be upgraded to birthing stations to attend to the needs of pregnant women from the villages.
— Northbound Philippines

DOJ reverses order, indicts Kerwin Espinosa, Peter Co
After the Department of Justice (DOJ) previously cleared Rolan “Kerwin” Espinosa, Peter Co, and others from their criminal cases related to illegal drug trade, the department through the Office of the Prosecutor General reversed this order on July 19, Thursday.
— Philippine Canadian Inquirer

Germany needs 400 Filipino nurses
THE German Federal Republic has job openings for 400 qualified Filipino nurses under its Triple Win Project, a government-to-government program supervised by the Philippine Overseas Employment Administration (POEA).
— The Manila Times


Feature photo rmac8oppo


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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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