Philippines morning news for November 19

Philippines morning news for November 19
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Philippines morning newsNG gross borrowings hit nearly P44B in September
GROSS borrowings of the national government for September have reached P43.979 billion, pushing government’s 9-month financing efforts to P683.284 billion, Bureau of the Treasury (BTr) data showed.
— Business Mirror

PH, China to sign 20 agreements
Several economic and political agreements are expected to be signed during the first state visit of Chinese President Xi Jinping to the Philippines on Nov. 20 to 21 to mark a new milestone in Manila and Beijing’s increasingly friendly ties.
— Philippine Daily Inquirer

Youth groups hold protest rally, demand Imelda’s imprisonment
Various youth and student groups on Sunday conducted a protest rally at the People Power Monument in Quezon City against former first lady Imelda Marcos’s provisional liberty, granted after she posted P150,000 in bail.
— GMA News

Fund managers withdraw more hot money from PH
Foreign fund managers withdrew more investments from the domestic financial markets in October as inflation rate hovered at a nine-year high of 6.7 percent and the trade war between the United States and China intensified.

Tropical depression Samuel keeps strength, continues to move west
Tropical Depression Samuel has maintained its strength as it continues to move west, the state weather bureau warned Sunday.
— ABS-CBN News

Militants ask: Exhume Marcos, jail Imelda
A militant group has called not only for the removal of former President Ferdinand Marcos’ body from Libingan ng mga Bayani but also for the arrest of his wife, Imelda, who has been convicted of graft charges.
— Philippine Daily Inquirer

BPI board approves expanded first bond tranche of P25 billion
BANK of the Philippine Islands (BPI) is planning to issue the first tranche of its P50-billion peso bond and commercial paper program amounting to P25 billion.
— BusinessWorld Online

‘No sea of debt for PHL in China Belt and Road’
DESPITE US Vice President Mike Pence’s warning to Indo-Pacific countries not to compromise their sovereignty in exchange for Chinese loans, the Philippine government remains keen on joining China’s “Belt and Road” initiative (BRI).
— Business Mirror

ANALYSIS-Two years after Philippines’ pivot, Duterte still waiting on China dividend
Two years after Philippine President Rodrigo Duterte announced a divorce with old ally the United States in return for bumper business ties with China, he doesn’t have much to show for it.
— Thomson Reuters Foundation

Duterte sacks 3 left-leaning DSWD undersecretaries
President Rodrigo Duterte has fired three officials of the Department of Social Welfare and Development (DSWD).
— CNN Philippines

Moody’s Analytics sees strong Philippines GDP growth
The Philippines is poised to book a strong gross domestic product (GDP) growth of between six and seven percent over the next few years despite the slowdown in the past few quarters, according to Moody’s Analytics, a unit of Moody’s Corp.
— The Philippine Star

PH, Papua New Guinea to launch joint eco, trade committee
The trade departments of the Philippines and Papua New Guinea will establish a Joint Economic and Trade Committee (JETC) following the signing of a Memorandum of Understanding (MOU) on the sidelines of the Asia Pacific Economic Cooperation (APEC) Summit.
— Philippine News Agency

DoT to pour P4.5 million in job training in Boracay
THE DEPARTMENT of Tourism (DoT) said it will invest P4.5 million in training employees in Boracay after the recent opening of the rehabilitated tourist island.
— BusinessWorld Online

More than 5K cops to secure Xi Jinping’s visit
Some 5,500 police officers will be deployed for the state visit of Chinese President Xi Jinping on Nov. 20-21, National Capital Region Police Office (NCRPO) director, Chief Supt. Guillermo Eleazar said over the weekend.
— Philippine Canadian Inquirer

Gov’t action to bring inflation back to 2-4% – BSP
The implementation of two anti-inflation measures – rice tariffication and temporary suspension of the excise tax on fuel – should be enough to temper upside risks to future inflation and keep it within the two-four percent target.
— Manila Bulletin

A China-backed consortium faces the prospect of a protracted legal battle after winning its bid to become the Philippines’ third telecoms provider.
— Philippines Magazine

Senate extends telco franchise for China Communications unit
THE Senate passed on third and final reading the bill extending the franchise granted to G. Telecoms, Inc., a subsidiary of Shenzhen-based China Communication Technology Co. (CCT), for another 25 years.
— BusinessWorld Online

Philippines inks 5-year ‘agri’ deal with Papua New Guinea
The governments of the Philippines and Papua New Guinea recently signed a five-year Memorandum Of Agreement for more meaningful cooperation on agriculture.
— Politiko

Gov’t debt yields end flat
YIELDS on government securities (GS) were flat last week amid the suspension of excise taxes on fuel and the central bank’s policy rate hike.
— BusinessWorld Online

Fish output slightly down to 972,910 MT in Q3 – PSA
The country’s fish production slightly decreased in the third quarter of the year as output from commercial and municipal fisheries declined, the Philippines Statistics Authority (PSA) said.
— The Manila Times

DBP extends P1.3 B loan to Nueva Ecija
State-run Development Bank of the Philippines (DBP) has extended a P1.3-billion omnibus loan to the provincial government of Nueva Ecija to help facilitate the efficient transportation of goods and boost trade in the province.
— The Philippine Star

PhilSys to cover 25M Pinoys each year from 2020–PSA
A QUARTER of the population will have national IDs or be registered in the Philippine Identification System (PhilSys) every year starting 2020, according to the country’s statistics agency.
— Business Mirror

12 mines face closure or suspension
More than half of the country’s operating metallic mines failed to score “acceptable” in the mine audit done by the Mining Industry Coordinating Council (MICC), which is co-chaired by Environment Secretary Roy Cimatu and Finance Secretary Carlos Dominguez.
— Manila Bulletin

Philippine government departments amp up cybersecurity for all
An event aimed to address the current cybersecurity threats and the proliferation of attacks on cyberspace has recently transpired.
— Open Gov

MSMEs to benefit from new law – IRO
Micro, small, and medium enterprises (MSMEs) are expected to benefit from opportunities that will arise from the newly signed Personal Property Security Act, the central bank’s Investor Relations Office (IRO) said.
— The Manila Times

P2 million bounty up for arrest of ex-councilor’s killer
A reward amounting to P2.3 million will be given to anybody who can provide information leading to the arrest of the killer of a former councilor of this town.
— The Philippine Star

PH launches new Petroleum Exploration Program
The Philippine Department of Energy (DOE) intensifies its thrust to develop the petroleum exploration industry for global competitiveness.
— Philippine Information Agency

5 soldiers killed in clash vs. Abu Sayyaf
Five soldiers were killed while 23 others were wounded when they fought members of the Abu Sayyaf group in Patikul, Sulu Friday, the military said Saturday.
— CNN Philippines


Feature photo SuSanA Secretariat

This week’s Philippines morning news feature photo acknowledges World Toilet Day November 19


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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