Philippines Morning News For May 17

Philippines Morning News For May 17

Philippines morning newsOpposition senators ask SC to declare PH withdrawal from ICC ‘ineffective’
Opposition senators on Wednesday asked the Supreme Court to declare as ineffective the Philippine government’s withdrawal from the Rome Statute of the International Criminal Court (ICC).
— Philippines Magazine

MPIC unit bags P1.62-B Dumaguete water project
Infrastructure holding firm Metro Pacific Investments Corp. has expanded its footprint in the water sector with a new P1.62-billion deal to modernize Dumaguete City’s water distribution and wastewater management system.
— Philippine Daily Inquirer

TRAIN boosts tax collection by P12.5 billion in Q1
The implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law helped the Bureau of Internal Revenue (BIR) boost its collections by P12.5 billion in the first three months, the agency said yesterday.
— Philippine Star

Philippines Fully Lift Ban On Domestic Helpers Working In Kuwait
The Philippines fully lifted ban to allow domestic helpers to go to Kuwait following numerous reports of abuse and mistreatment.
— Independent Newspapers

More than 50% of Filipinas feel that having children affected their career opportunities
Women and young mothers in the Philippines find themselves leaving their jobs thanks to a lack of adequate parent-friendly working arrangements, subpar employee benefits, and poor work-life balance, according to Monster.com’s annual #SheMakesItWork survey.
— Human Resources

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PLDT opens P1-billion vitro data center in Cebu
Telco giant PLDT Inc. has opened a new P1 billion VITRO data center in Cebu, its second facility in the province, to cater to increased data and information and communication technology (ICT) needs of businesses.
— Philippine Star

Taiwanese electronics firm to hire 16,000 more Filipinos
A Taiwanese electronics manufacturing firm said Wednesday its expansion in the Philippines would generate 16,000 more jobs this year.
— ABS-CBN (video)

ABS-CBN net profits widened to P411 million in Q1
MULTIMEDIA conglomerate ABS-CBN Corp. saw net profits widening by almost a third during the first quarter of 2018, as the decline in expenses cushioned the slight drop in revenues.
— Business Mirror

Pay govt P147B for Malampaya, oil firms ordered
The unremitted share of the government in the Malampaya Natural Gas Project that is due from contractors Philippine National Oil Company (PNOC), Shell Philippines and Chevron has reached P146.79 billion from 2002 to 2016, according to the Commission on Audit (CoA).
— The Manila Times

Democracy in the Philippines has been gravely wounded
The recent decision by our Supreme Court to remove a sitting chief justice — whom President Rodrigo Duterte had declared his “enemy” — is nothing short of chilling.
— Washington Post

PNP and Samsung develop mobile app for emergency assistance
Contacting the authorities may soon become easier during emergencies as the Philippine National Police (PNP) and Samsung Philippines signed on Wednesday an agreement for the further development of a mobile application for Android devices that contains a database of police stations and other service agencies nationwide.
— Philippines Magazine

Philippines close to approving Islamic autonomous region
The Philippines is on track to approve an Islamic autonomous region in the country, taking a step toward ending 50 years of bloody conflict with separatist rebel groups.
— Nikkei Asian Review (paywall)

NIA to construct P381.5-M Sorsogon dam
THE National Irrigation Administration (NIA) is set to begin building the P381.51-million Ibingan Earthfill Dam in Sorsogon province as part of the government’s efforts to provide farmers there with water for irrigation.
— The Manila Times

Gov’t files motion to extend drug war files submission
The government filed a compliance with motion for extension of time to submit additional documents before the Supreme Court (SC) in relation to the administration’s campaign to eradicate illegal drugs.
— Philippine Canadian Inquirer

13 Senators sign draft resolution asking SC to review Sereno ouster
Thirteen senators, or more than half of the Senate, have already signed a draft resolution urging the High Court to review its decision to oust former chief justice Maria Lourdes Sereno.
— Rappler

Banks swarm BSP, bid up deposit yields
Yields on the central bank’s short term debt instruments spiked during the first auction after last week’s monetary policy tightening—an indication that financial institutions expect another rate hike in the future.
— Philippine Daily Inquirer

Illegal radio stations in Davao region now 35
The National Telecommunications Commission XI has reported (NTC) five additional illegal radio stations operating in the region.
— Davao Today

Duterte: Next Ombudsman should have integrity and not be a woman
The next Ombudsman should not be a woman or a politician, President Rodrigo Duterte said on Wednesday.
— Inquirer.net

House panel orders DOH to prioritize vaccinated kids’ profiling
The House Committee on Appropriations on Wednesday, May 16, ordered the Department of Health (DOH) to prioritize the profiling of all children vaccinated with Dengvaxia, rather than using the funds for medical kits.
— Philippine Canadian Inquirer

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Congress authorizes NHA to redistribute Bulacan housing units
The 17th Congress gave the green light to the National Housing Authority (NHA) to award to other qualified beneficiaries the unoccupied housing units in Pandi, Bulacan.
— Rappler

EastWest Q1 profit down 22% to P945 million
Losses from securities trading due to the volatile markets and lower contribution from its rural bank arm pulled down the earnings of Gotianun-led East West Banking Corp. by 22 percent in the first quarter.
— Philippine Star

Philippines: Rosatom & A. Brown to build fruit irradiation centre
Rosatom Healthcare is the non-energy arm of Russia’s State Nuclear Energy Corp. (ROSATOM).
— Fresh Plaza

BCDA opens bidding for New Clark City utility partners
State-run Bases Conversion and Development Authority started the tender process for the selection of joint venture partners to design, build, finance, operate and maintain power and water distribution in New Clark City, the country’s newest economic center.
— Manila Standard

Gov’t readies incentives certification system for firms promoting green jobs
The Climate Change Commission is now developing the standards and certification system in line with the incentives for businesses and enterprises which are promoting green jobs.
— Manila Bulletin

PCSO earnings hit P20-B mark in April – Balutan
THE Philippine Charity Sweepstakes Office (PCSO) earned P20.8 billion from lotto, Small Town Lottery (STL), and other products in the first four months of the year, 29.30 percent higher than the collection in the same period last year, General Manager Alexander Balutan said on Wednesday.
— The Manila Times

Xurpas unit plans $100-M coin offering
A UNIT of Xurpas, Inc. will be raising $100 million through a coin offering to fund its project that seeks to provide free Internet access to consumers in select markets.
— BusinessWorld Online

Filinvest Q1 earnings up 18% at P2.8B
GOTIANUN-LED conglomerate Filinvest Development Corp. (FDC) saw net income for the first three months of the year grow 18 percent from a year earlier to P2.8 billion on the back of higher income contributions from its property business.
— The Manila Times

Martial law victims decry passage of bill abolishing PCGG
Martial law victims and opposition lawmakers slammed the House of Representatives after approving a bill that seeks to abolish the Presidential Commission on Good Government.
— ABS-CBN (video)

8990 Q1 profit hits P1B
EARNINGS of 8990 Holdings, Inc. grew by more than a third in the first quarter of 2018, fueled by the delivery of more housing projects across the country.
— BusinessWorld Online

House approves SIM card registration bill
The House of Representatives has approved on final reading a bill authorizing the registration of all Subscriber Identity Module (SIM) card users.
— CNN Philippines

OP, Go extend immediate aid to Pasig fire victims
Special Assistant to the President (SAP) Christopher Lawrence “Bong” Go on Tuesday night visited and extended financial assistance to the victims of a recent Pasig fire that left three children dead.
— Northbound Philippines

Philippines, Papua New Guinea ink farm cooperation deal
THE Philippines and Papua New Guinea have signed a joint declaration committing to expand and strengthen bilateral cooperation in agriculture.
— Sun Star

 

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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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