Philippines Morning News For November 6

Manufacturing sector’s PMI soars in October
The Philippine manufacturing sector, as reflected by the purchasing managers’ index (PMI) in October posted a 10-month high score of 54, from its previous score of 52 in September, indicating an uptick in the sector’s activity to usher-in the fourth quarter.
— Philippine News Agency

Asean politicians, Unesco: Impunity for journalist killings & abuse must end (video)
A loose coalition of human-rights concerned politicians from across the region on Friday called on governments throughout Southeast Asia to end the increasing number of assaults and abuses of media workers throughout the region.
— AEC News Today

BOI-listed investments grew 26% to P515B in 10 months–source
INVESTMENTS registered with the Board of Investments (BOI) expanded 26 percent to P515 billion from January to October, the BusinessMirror learned from a highly reliable source.
— Business Mirror

Philippine rice import dependency up
The country’s rice self-sufficiency level declined to 93.44 percent from 95.01 percent, the Philippine Statistics Authority said.
— The Philippine Star

Bello bares new minimum wage hike for NCR workers
Three regional wage boards, including the Regional Tripartite Productivity and Wages Board-National Capital Region (RTPWB-NCR), issued new wage orders ranging from PHP10 to PHP25 across different sectors in the regions, the Department of Labor and Employment (DOLE) said on Monday.
— Philippine News Agency

PH sets petroleum perks benchmarking with Indonesia
The Philippines has set into motion collaborative talks with Indonesia on prospective benchmarking of incentives for investments in the upstream petroleum sector.
— Manila Bulletin

Chinese company commits to make $100-million investment in CEZA
Shanghai Jucheng Supply Management Group, eyeing a fresh tourism destination in Asia that has Jeju Island’s allure of nature, beaches and parks, has committed to pour in investments estimated at $100 million to develop this rarely explored corner off the Northern Pacific Ocean that is part of the sprawling Cagayan Economic Zone Authority (CEZA) territory.
— Manila Bulletin

COA: Lapses bog down P134.98-B infra projects
The government was unable to fully implement P134.982 billion worth of infrastructure projects in 2017 due to deficient plans, procurement delays and the failure of agencies to impose sanctions, according to the Commission on Audit (COA).
— Business Mirror

P3B intervention set as copra prices fall
Government is eyeing to buy coconut at a fixed price of P25 per seed nut for replanting as one of the mitigating measures for coconut farmers amid plunging farmgate prices of copra.
— Malaya

DoH backs higher tobacco tax to fund universal health care
THE Department of Health (DoH) on Monday said it is seeking higher tobacco taxes to increase funding of the Universal Health Care (UHC) bill, which will cost around P257 billion in the first year of implementation.
— BusinessWorld Online

PLDT to build Philippines’ first 5G city in Clark
PLDT Inc said Monday it would activate its first 5G cell site in the Clark Freeport Zone in November, making the former US military reservation the country’s first 5G area.
— ABS-CBN News

China firm to build $100-m resort in Cagayan
Chinese conglomerate Shanghai Jucheng Supply Management Group is investing an initial $100 million to develop an integrated resort with casino in Cagayan Special Economic Zone and Freeport.
— Manilastandard.net

BTr fully awards P15B in Tbills
The Bureau of the Treasury made a full award on the treasury bills auctioned yesterday amid moderated increase in rates across all tenors.
— Malaya

OFWs should not pay travel tax – Bello
AIRLINE companies continue to collect travel taxes and terminal fees from overseas Filipino workers (OFWs) in violation of existing laws, the Department of Labor and Employment (DoLE) said on Monday.
— The Manila Times

Debt watcher keeps PHL rating a notch above minimum investment grade
A KOREAN DEBT WATCHER kept its credit rating for the Philippines at above minimum investment grade, citing tax reform and infrastructure spending gains even as rising prices continue to bite.
— BusinessWorld Online

‘Protest Chinese weather stations on PH reefs’ – maritime law expert
A maritime law expert on Monday urged the government to question China’s weather observation stations on three Philippine-claimed reefs in the Spratly archipelago, saying the installations could be used for military purposes.
— Philippine Daily Inquirer

‘Higher pay makes PHL less business-friendly’
THE Philippines is bound to further lose its competitiveness against its Southeast Asian neighbors with the approval of a P25 wage hike for workers based in the country’s capital, employers warned on Monday.
— Business Mirror

PAO mulls upgrading Dengvaxia cases to murder
THE PUBLIC Attorney’s Office (PAO) is considering upgrading its Dengvaxia-related complaints from reckless imprudence resulting in homicide to murder, PAO Chief Persida V. Rueda-Acosta said on Monday.
— BusinessWorld Online

Fishkill hits cages in Taal Lake; owners lose P5M
The local government of Agoncillo town in Batangas province will distribute tilapia fingerlings to local cage operators affected by the recent fishkill in Taal Lake.
— Philippine Daily Inquirer

Richest LGU Makati breaches P100-B mark in assets
Makati City did not only overtake Quezon City as the Philippines’ richest local government unit in 2017, it also became the first LGU to breach the P100 billion mark in terms of assets.
— Rappler

Feature photo E2S

This week’s Philippines morning news feature photo acknowledges World Tsunami Awareness Day, November 5.

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.

Philippines morning news for November 6 added by Stella-maris Ewudolu on November 6, 2018
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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.