Philippines morning news for September 28

Philippines morning news for September 28
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Philippines morning newsPhilippines Takes Strong Rate Action to Curb Soaring Prices
The Philippine central bank raised its benchmark interest rate by half a percentage point, stepping up a battle to curb inflation that will exceed its target for this year and next.
— Bloomberg

Philippines raises key rates again to fight inflation
The Philippines on Thursday raised key interest rates for the fourth time this year as it aims to tame inflation that has spiked to a nine-year high and shore up its tumbling currency.
— Channel NewsAsia

Raps filed vs group eyed in destab plot
Six people linked to a supposed destabilization plot were arrested and charged by the National Bureau of Investigation (NBI) yesterday.
— Philstar Global

Probe of missing DND papers urged
The National Privacy Commission (NPC) should investigate the loss of Sen. Antonio Trillanes IV’s amnesty application form from the files of the Department of National Defense (DND), as it is considered a possible data breach, a former privacy official said on Thursday.

Tap cards, access bracelets eyed for Boracay visitors
Tourists may be required to avail themselves of tap cards or access bracelets as a security measure to regulate the number of visitors in Boracay during its scheduled reopening next month, the Department of Environment and Natural Resources (DENR) announced yesterday.
— Philstar Global

Philippines moves human rights probe on climate change to New York
A Philippine human rights commission opened hearings in New York on Thursday into whether oil companies violate human rights by causing climate change, hoping to attract the attention of world leaders meeting at the United Nations.

US report cites Philippines’ improved counterterrorism
THE PHILIPPINES’ counterterrorism capabilities have improved amid attacks and threats from terrorist groups affiliated with the Islamic State (ISIS), according to the US Department of State’s 2017 Country Reports on Terrorism .
— BusinessWorld

Duterte tells troops: No need to stage a coup
President Duterte stressed that government forces do not need to stage a coup to oust him, saying he is ready to step down if they give him a good reason to do so.
— Philstar Global

DBM beefs up right-of-way funds
To fast-track the rollout of big-ticket infrastructure projects, implementing agencies have been allocated a bigger P56.5 billion under the proposed 2019 national budget to acquire right of way (ROW), the Department of Budget and Management said Thursday.

Grab gets Philippine license to offer enhanced payments features
Grab will expand its payments offerings in the Philippines after it obtained an electronic money issuers’ (EMI) license from Bangko Sentral ng Pilipinas (BSP), the country’s central bank.

Philippines DOE planning to explore local geothermal potential in Davao Oriental
Reported earlier this week, the Philippines Department of Energy has announced plans for a study of the Mati-Lupon-Tarragona geothermal field in Davao Oriental during a meeting in Mati City, capital of the province.
— Think Geoenergy

QRCS intensifies efforts to help Philippines typhoon victims
Qatar Red Crescent Society (QRCS) has allotted $100,000 from its emergency response fund to help the victims of typhoon Mangkhut, which hit the Philippines on September 15.
— Gulf Times

Court defers ruling on Trillanes coup case
The regional trial court (RTC) handling the coup d’état case of opposition Sen. Antonio Trillanes IV deferred issuing anew yesterday the warrant of arrest and hold departure order against the lawmaker
— Philstar Global

Trade chief urges Filipinos in UK to invest in the Philippines
Trade secretary Ramon Lopez on Saturday encouraged Filipinos in the United Kingdom to invest in the Philippines to take advantage of the growing economy.
— Panay News

$22m impact fund readies for dealmaking in Indonesia, Philippines
The investment portfolio at the Meloy Fund, a US-based impact investor, currently consists of one deal: a $1 million loan to the Philippines-based fish aggregator, processor, importer and exporter Meliomar.

Government vows to implement rules on vessel-monitoring systems
The Bureau of Fisheries and Aquatic Resources (Bfar) assured that the rules on vessel-monitoring systems (VMS) would soon be in place to boost government efforts to stop illegal fishing in the Philippines.
— Business Mirror

AboitizPower to invest $579 million in AC Energy thermal platform
Aboitiz Power Corp. is investing $579.2 million (roughly P31 billion) in AC Energy Inc.’s thermal platform, which effectively raises the former’s stake in the GNPower plants it partly owns.
— Philstar Global

No room for ‘trapos’ in federal Philippines, opinion leaders say
One thing that opinion leaders agree upon is that if ever the country will finally shift to a federal form of government, local leaders will really have to work hard given the regional autonomy and burden of responsibility.

BSP in most aggressive streak of rate hikes since 2000 crisis
Saying the country’s near decade-high inflation rate may get worse in the coming months, the central bank yesterday raised its key interest rate by 50 basis points, marking the most aggressive monetary policy tightening streak since the crisis-ridden Joseph Estrada presidency.

Filipino entrepreneur builds passenger drone for traffic-plagued cities (video)
A Philippine inventor has constructed a large drone suitable for passenger transport and found a partner for mass production in Australia.
— Investvine

Insights and trends of e-commerce in the Philippines [market analysis]
Second largest country in Southeast Asia, the Philippines is a large and rapidly developing market for e-commerce. With a low income but a high growth, the Philippines has a digital population of more than 67 million people which attracts both local and regional companies who compete against a dominant player.

Rabies-free Philippines in 2030, is it possible?
FILIPINOS love to pet anything —fish, iguanas, birds, dogs, cats and even the big and scary ones like tigers and snakes.
— BusinessMirror


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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