Philippines Morning News For May 3

Philippines Morning News For May 3
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Philippines morning newsPH ranks 2nd in Asia-Pacific in deaths due to household pollution
Pollution caused by traditional cooking fuel is killing people in the Philippines at higher rates than those in most other countries in the Asia-Pacific region, according to the World Health Organization (WHO).
— Philippine Daily Inquirer

SC affirms a 2015 Manila RTC order
The Supreme Court (SC) has affirmed a 2015 Manila regional trial court (RTC) order that stopped the Bureau of Customs (BOC) from canceling its P650-million information technology project.
— Manila Bulletin

DBM earmarks P490M for Boracay road repair
THE Department of Budget and Management (DBM) is seen releasing P490 million to the Department of Public Works and Highways (DPWH) for the road rehabilitation of Boracay Island during its six-month closure.
— Business Mirror

BTr awards P10-B T-bonds in full
The Bureau of Treasury (BTr) has fully awarded the re-issued PHP10-billion treasury bonds (T-bonds) at average yield of 5.592 percent on Wednesday’s auction.
— Philippine News Agency

Manufacturing robust in April
The seasonally adjusted Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) rose from 51.5 in March to 52.7 in April, signaling a robust improvement in the health of the sector, the recent report said.
— Malaya

PCGG fails to sell over ₱336-M worth of ill-gotten properties from Marcos cronies – COA report
The Presidential Commission on Good Government failed to sell alleged ill-gotten properties it recovered from the cronies of former President Ferdinand Marcos, the Commission on Audit reported.
— CNN Philippines

Kuwait cuts off power, water to Philippine envoy’s home
Kuwait has cut off water and electricity at the official residence of Philippine Ambassador Renato Villa after he was expelled and declared persona non grata for allowing the rescue of distressed Filipino workers in the Gulf state, sources said yesterday.
— Philippine Star

Cordillerans advised not to vote for candidates involved in drugs
Baguio City Mayor Mauricio Domogan is advising Cordillerans not to vote for people involved in illegal drugs in the May 14 barangay and Sangguniang Kabataan elections.
— Northbound Philippines

BOI, Peza OK P181.8B worth of investments
Investments registered and approved by the Department of Trade and Industry’s incentives-granting bodies surged by more than half to P181.8 billion in the first quarter of 2018 from a year ago.
— Philippine Daily Inquirer

Firm pours in P5B investment for Bacolod; 1st int’l brand hotel underway
AT LEAST P5 billion worth of investments have been poured in by property firm Cebu Landmasters Inc. (CLI) for Bacolod City, which it considers as the “next big thing” in terms of real estate development.
— Sun Star

Banks push up BSP yields as rate hike looms
Interest rates for the liquidity mop-up tool of the Bangko Sentral ng Pilipinas continued their steady rise—an uptrend that started in mid-February—as bankers tried to anticipate a possible monetary policy-tightening move next week.
— Philippine Daily Inquirer

Labor Day job fair in Zamboanga hires 384 workers
The Department of Labor and Employment (DOLE) on Wednesday announced that 384 job seekers were hired on the spot during the two-day Labor Day job fair in this city.
— Philippine News Agency

Child labor program recipients get P1.9-M livelihood projects
THE Department of Labor and Employment (Dole), through an integrated livelihood program, has turned over P1.9 million worth of livelihood projects to 207 beneficiaries in Negros Occidental.
— Sun Star

Duterte rejects appeals for gov’t to reconsider looming expulsion of Aussie nun
President Duterte has rejected appeals for the government to reconsider the looming expulsion of Australian missionary nun Patricia Fox from the country.
— Manila Bulletin

Filipino diplomats face kidnapping charges in Kuwait
Filipino diplomats face kidnapping charges in Kuwait after conducting allegedly illegal rescues of overseas Filipino workers (OFWs) in the Gulf state.
— Rappler

Security Bank raises P5.8 billion via LTNCDs
Listed Security Bank Corp. has raised P5.78 billion through the issuance of long term negotiable certificates of deposits (LTNCDs) on the back of strong demand from investors.
— Philippine Star

PH among most prone to cybersecurity attacks
Most organizations in the Philippines are still among the most vulnerable to cybersecurity attacks, making it imperative for regulators to work harder to ensure a resilient ecosystem.
— Philippine Daily Inquirer

Investment pledges surge 53%
Investment pledges approved by the government’s two largest incentive-giving bodies jumped 53 percent in the first quarter from a year ago, on higher commitments in the energy sector.
— Manila Standard

High time for PH to go straw-free
We laud Ceres P. Doyo for calling attention to another nonessential use of plastic as a drinking straw that is wreaking havoc to the marine environment (“Ban plastic straws,” 4/26/18).
— Philippine Daily Inquirer

AgriNurture to raise capital stock to P2B
LISTED fruit and vegetable grower AgriNurture Inc. (ANI) is set to increase its authorized capital stock to P2 billion from the current P1 billion.
— The Manila Times

Philippines boosts sea deterrent with first ever navy missiles
The Philippine has completed the purchase of its first-ever ship-borne missile systems, boosting its maritime deterrent as part of a military modernization program, defense and navy officials said on Wednesday.
— ABS-CBN (video)

Anchor Land net profit hits P620M
ANCHOR Land Holdings, Inc. reported an 11% increase in profit in 2017, driven by higher real estate sales and increased rental income.
— BusinessWorld Online

Most Filipinos Oppose Planned Constitutional Changes – Survey
Majority of Filipinos oppose proposals to amend the Philippine constitution and shift to a federal system of government, according to a nationwide survey released on Wednesday.
— Independent

Teachers assail 5% tax on poll pay
A teachers’ group is raising a howl over the reported mandatory five-percent withholding tax which the Bureau of Internal Revenue (BIR) will deduct from the honoraria and travel allowance of the Board of Election Tellers (BET) who will serve in the Barangay and Sangguniang Kabataan (SK) polls.
— Manila Bulletin

Sulu kidnappers demand P5M for release of abducted policewomen
Kidnappers are demanding P5 million from the Philippine government for them to release two policewomen they abducted in Sulu on Monday, April 30.
— Rappler


Feature photo TeslaBuisson


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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