Philippines morning news for September 25

Philippines morning news for September 25
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Philippines morning newsAfter Piñol slams rice imports, PH to import 1 million MT of rice in 2019
The National Food Authority (NFA) Council approved the standby importation of one million metric tons (MT) of rice for 2019, Agriculture Secretary Emmanuel Piñol announced on Monday, September 24.
— Rappler

Gov’t taps over P134 million from relief fund after typhoon Ompong
THE Department of Budget and Management (DBM) said the government tapped P134.7 million from the quick response fund (QRF) to aid victims of typhoon Ompong (international name: Mangkhut).
— BusinessWorld Online

Pag-IBIG offers P150-K loan to ‘Ompong’-affected members
Pag-IBIG Fund is offering up to PHP150,000 loan to eligible members, whose homes have been affected heavily by Typhoon Ompong (international name Mangkhut), Malacañang announced Monday.
— Philippine News Agency

Government incurred P2.6-b deficit in August as spending rose
The government incurred a fiscal deficit of P2.6 billion in August, as expenditures jumped 29 percent, exceeding the revenue growth of 11 percent, the Bureau of the Treasury said Monday.

Philippines sets aside USD25 million for naval amphibious aircraft
The Philippine Department of National Defense (DND) has allocated some PHP1.3 trillion (USD25 million) towards the acquisition of one multi-purpose amphibious aircraft, and has invited eligible contractors to bid for the project.
— Jane’s 360

US delivers P117.4-M ammo to AFP for anti-terrorism training
The United States government on Monday announced the delivery of P117.4 million ($2.2 million) worth of ammunition to the Armed Forces of the Philippines (AFP) for use in its counterterrorism training.
— Manila Bulletin

PH needs to grow 6.5% annually in 22 years to eliminate poverty
The World Bank said Monday the Philippines needs to grow 6.5 percent annually over the next 22 years to achieve its vision of becoming a prosperous middle-class economy free of poverty.

QRCS intensifies relief work for Philippine typhoon victims
DOHA: Typhoon Mangkhut, which hit the Philippines on September 15, 2018, left behind more than 100 killed and missing, 49,000 damaged houses, and 128,000 displaced people.
— The Peninsula Qatar

PHL had ‘zero real wage growth’–WB report
THE absence of a real wage growth in the Philippines is among the major obstacles that could undermine the country’s efforts in turning the “American dream” of every Filipino into reality, according to the World Bank.
— Business Mirror

Agricultural damage by Typhoon Ompong highest since Yolanda
The damage to agriculture caused by Typhoon Ompong (Mangkhut) climbed to P26.7 billion, said Agriculture Secretary Emmanuel Piñol on Monday, September 24.
— Rappler

ARMM gov offers infra budget to fund Bangsamoro region polls
An official of the Autonomous Region in Muslim Mindanao (ARMM) has proposed the realignment of the regional government’s 2019 budget to fund the Bangsamoro Organic Law (BOL) plebiscite amid reports that no money was allocated for the electoral exercise.
— Philippine Daily Inquirer

Ompong farm damage climbs to nearly P27B
FARM sector damage caused by Typhoon Ompong has reached P26.7 billion, the highest since Supertyphoon Yolanda (international code name Haiyan) wrought havoc in 2013 and caused P35 billion in production losses, according to the Department of Agriculture (DA).
— Business Mirror

BSP to raise rates by 75 bps more
The Bangko Sentral ng Pilipinas (BSP) is expected to raise key rates by another 75 basis points (bps) before the year closes to lessen the impact of the escalating US-China trade war and high oil prices on the peso, according to ING Bank.
— Manila Bulletin

Senate passes bill creating PH energy research, policy institute
The Senate on Monday approved on third and final reading a bill seeking to establish the Philippine Energy Research and Policy Institute (PERPI) to help address research and policy gaps in the local energy sector and push for reforms that will directly benefit Filipinos.
— PTV News

Duterte to step down if ‘dying or gravely ill’ – Palace
Malacañang on Monday maintained that President Rodrigo Duterte will step down if he is “dying or gravely ill”, amid renewed interest on the President’s health in the wake of his admission that he recently underwent gastrointestinal procedures.
— ABS-CBN News

PH to push for migration at UN General Assembly
One of the country’s focus at the 73rd United Nations General Assembly is to champion migration, Foreign Affairs Secretary Alan Peter Cayetano said Monday.
— Philippine News Agency

Gov’t waiting on word about Filipinos abducted in Nigeria
The Department of Foreign Affairs (DFA) is waiting for news about the seven Filipinos abducted by pirates in Nigeria.
— CNN Philippines

World Bank backs removal of productivity constraints
The World Bank is urging the removal of constraints affecting productivity — such as restrictions on foreign investments — to enable the country to attain its long-term agenda of being a poverty-free society by 2040.
— The Philippine Star

Airlines add fuel surcharge to ticket prices
Local airlines have started implementing higher rates in line with the revival of the fuel surcharge.
— Philippines Magazine

BOC seizes P5.5M-worth of firearms accessories
Several firearms accessories such as magazines and ammunition believed to be used for armed insurgency and shipped to the country using balikbayan boxes were seized by the Bureau of Customs Monday.
— Manila Bulletin

New guidelines to restrict media coverage of House proceedings
Reporters may no longer be allowed to hold “ambush” interviews if the House of Representatives approves proposed guidelines for media coverage.
— The Manila Times

AgSur farmers receive P2.5M economic benefits
Years of waiting is finally over for some 45 Agrarian Reform Beneficiaries (ARBs) of the NDC Guthrie Estates Incorporated (NGEI) cooperative after the recent distribution of economic benefits held in this province.
— Philippine Information Agency

Australia affirms support for Phlilippines anti-terror drive
The Royal Australian Navy (RAN) and Philippine Navy (PN) started yesterday another round of joint maritime security exercises in this city that will run until Oct. 4.
— The Philippine Star

Hot Stuff: Meet The Very Best In Tourism This Coming International Tourism Day!
The Spanish Chamber of Commerce cordially invites you to be part of International Tourism Day! On September 27, witness as it gathers local and international tourism experts for a one-day forum at Dusit Thani, Makati from 5 PM-10 PM.
— ABS-CBN News

PH needs to triple average Pinoy income – WB
The Philippines’ needs to triple the average annual productivity income of Filipinos in the next two decades to achieve the long-term vision for the country, the World Bank (WB) said yesterday.
— Manila Bulletin

Philippines customs intercept ₱16 million worth of smuggled onions
Last Friday, the Bureau of Customs captured ₱16 million (€250.000) worth of red onions smuggled from China. Customs Commissioner Isidro Lapeña said the shipment of ASD Total Package Enterprises Inc. was intercepted at the port on the suspicion that it contained mis-declared agricultural products.
— Fresh Plaza

T-bills undersubscribed as investors await monetary board, US Fed meetings
INVESTORS shied away from Treasury bills (T-bills), prompting the Bureau of the Treasury (BTr) to reject bids for all tenors on Monday’s auction.
— Business Mirror

Philippines military warn delays in rebuilding Marawi may create more ‘enemies of the state’
It is almost a year since the Philippines military forced Islamic state fighters to retreat from the city of Marawi, and life has not returned to normal.
— ABC News

Philippines: Israeli irrigation firm targets Davao region’s farms
Rivulis Irrigation is an Israeli company that specializes in micro-irrigation solutions.
— Fresh Plaza

Search for next Miss World Philippines is on
Miss World Philippines 2018 pageant kicked off with the press presentation of the forty official candidates held at Vestibule Bar of Resorts World Manila recently.

Cement manufacturers worried over quarrying ban
Cement makers express deep worries over government’s ban on quarrying, a key source of their raw materials.
— ABS-CBN (video) 


Feature photo U.S. Marine Corps Forces, Pacific

This week’s morning news feature photo acknowledges World Rabies Day, September 28.


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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