Philippines Morning News For March 8

Philippines Morning News For March 8
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Philippines morning newsSanofi may seek U.S. approval for Dengvaxia despite Philippines outrage
Sanofi will decide shortly whether to seek regulatory approval for its dengue vaccine Dengvaxia in the United States and remains committed to the medicine despite a health scare in the Philippines, a senior executive said on Wednesday.
— Reuters

Forex buffer down to $80.62 Billion
The country’s foreign exchange buffer declined for the second straight month to $80.62 billion in February amid strong outflows and lower gold prices in the international market, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
— Philippine Star

House minority leaders back move to probe alleged 2016 poll anomalies
Minority leaders of the House of Representatives on Wednesday backed the move of Senate Majority Leader Vicente Sotto III seeking a probe into alleged irregularities in the 2016 national elections.

ICTSI posts $182-million profit in 2017
EARNINGS of International Container Terminal Services, Inc. (ICTSI) were flat in 2017, as higher interest and financing charges alongside losses from operations in Colombia tempered the rise in revenues.
— BusinessWorld Online

Bargain hunting snaps week-long PSEi fall
The stock market recovered yesterday on bargain hunting, boosting the main composite index by 44.47 points, or 0.53 percent, to settle at 8,404.69. The broader All Shares index, however, lost 22.15 points, or 0.44 percent, to finish at 5,055.87.
— Philippine Star

Jobless rate down but underemployment rises
Fewer Filipinos were jobless at the start of the year but the number of those looking for more work also increased, the government reported on Wednesday.
— The Manila Times

Philippines: Manila Water to acquire 20% of Indonesia’s bulk water supplier Sarana
Philippine-listed water and wastewater services provider Manila Water Company Inc is acquiring a 20 per cent stake in Indonesian bulk water supplier PT Sarana Tirta Ungaran (STU) for an undisclosed amount.
— Deal Street Asia

Labor groups want P500 monthly subsidy for minimum wage earners
Labor groups continue to push for their proposed P500 monthly subsidy for minimum wage workers. They argue, this will help ordinary workers cope with the new tax law and the rising cost of living.
— ABS-CBN (video)

Women in the time of Duterte
Philippine President Rodrigo Duterte has been making global headlines about his portrayal of women in public speeches and interviews. This has caught the attention of women’s rights groups that have called the president out for his unswerving misogynistic and sexist remarks.
— UCA News

Pilipinas Shell gets P9-B loan
PILIPINAS SHELL Petroleum Corp. has entered into a P9-billion medium-term loan agreement with Bank of the Philippine Islands, the company told the stock exchange on Wednesday.
— BusinessWorld Online

Peso climbs on Trump comments
THE PESO strengthened slightly against the dollar on Wednesday as the foreign currency traded weaker overnight due to President Donald J. Trump’s rhetoric on slapping trade tariffs.
— BusinessWorld Online

Duterte sets conditions for lifting of OFW deployment ban to Kuwait
The deployment ban of Filipino workers to Kuwait would remain in effect until certain conditions on additional protection for workers are met, President Duterte bared on Tuesday.
— Manila Bulletin

Group offers P148B rehab of 4 airports
The infrastructure unit of the Aboitiz Group yesterday submitted a P148-billion unsolicited proposal to expand, operate and maintain the country’s four major regional airports over a 35-year concession period.
— Malaya

PH tops 35 countries in Women in Business 2018
The Philippines ranked first among 35 countries where 46.58 percent of Filipino women in business hold senior management roles or 22.44 percent more than the global average, according to Grant Thornton International Ltd.’s Women in Business report.
— Manila Bulletin


Feature photo Adam Cohn


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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