July 18, 2022
Philippines 2nd most fragile state in Southeast Asia
Source BusinessWorld
8 Nations to drive global population growth–UN
BusinessMirror, July 18, 2022
Cai Ordinario
The Philippines is one of eight countries that are expected to drive more than half of the growth of the world’s population by 2050, according to the think tank of the United Nations...
Marcos gov’t mulls next move on rail projects
BusinessWorld, July 18, 2022
Arjay L. Balinbin
The Marcos administration now faces the challenge of securing funding for the three major railway projects after the government canceled its applications for loans from China...
Govt debt servicing higher in May
The Manila Times, July 18, 2022
Mayvelin U. Caraballo
The national government's debt servicing was higher in May 2022 compared to payments made a year earlier because of higher interest payments and amortization charges, according to data released by the Bureau of the Treasury...
No retrenchment in rightsizing – DOLE chief
Philippine Daily Inquirer, July 18, 2022
DJ Yap, Dona Z. Pazzibugan
Labor Secretary Bienvenido Laguesma asked state workers not to fear the Marcos administration’s plan to “rightsize” the bureaucracy, saying this does not automatically mean retrenchment...
Alert Level 1 stays for most parts of PH
Manila Standard, July 17, 2022
More than half of the Philippines, including Metro Manila, will stay under the most lenient Alert Level 1, pending the review of the alert level classifications and a meeting between President Ferdinand Marcos Jr. and Department of Health OIC Maria Rosario Vergeire on Monday...
Bill seeks to mandate govt staff to waive bank secrecy
BusinessMirror, July 18, 2022
Butch Fernandez
Senator Francis G. Escudero is reviving a bill obliging all government officials and employees to sign a waiver of the bank secrecy law...
Supermarkets see goods not subject to price controls becoming more expensive
BusinessWorld, July 17, 2022
Revin Mikhael D. Ochave
Supermarkets said prices are rising for goods not subject to government price ceilings...
Lawmakers refile House bill to repeal libel law
BusinessWorld, July 17, 2022
Kyle Aristophere T. Atienza
Several congressmen have refiled a bill that seeks to decriminalize libel, which they said has been used to harass journalists...
BBM: Mandatory vaccination not needed
Daily Tribune, July 18, 2022
Jom Garner
President Ferdinand “Bongbong” Marcos Jr., who recently recovered from Covid-19, said that there is no need to pass a law that will require mandatory Covid-19 vaccinations for Filipinos...
Go pushes creation of Virology Institute
The Manila Times, July 18, 2022
Bernadette E. Tamayo
Sen. Christopher Lawrence "Bong" Go has refiled his bill that seeks to create the Virology Science and Technology Institute of the Philippines...
Temporary employment for displaced workers eyed
The Manila Times, July 18, 2022
Bernadette E. Tamayo
Sen. Christopher Lawrence "Bong" Go has pushed a measure that will provide temporary employment to displaced workers in rural areas as the government strives to achieve economic recovery...
‘Revive child protection committees in schools’
Philippine Star, July 18, 2022
Delon Porcalla
A veteran legislator from Mindanao is urging the national government to revive what used to be the child protection committees in schools across the country, for purposes of protecting children from all kinds of abuses...
Deployment to Sri Lanka put on hold
Manila Standard, July 17, 2022
Agence France-Presse
The Department of Foreign Affairs raised Alert Level 2 for Filipinos in Sri Lanka on Saturday due to the security situation in that country but clarified that there is no evacuation plan yet...
Solon files bill reviving local salt industry
Manila Standard, July 17, 2022
Maricel Cruz
A party-list lawmaker seeks to revitalize the local salt industry in a bid prevent the country’s full dependence on imported salt...
Solons seek COVID ‘reserve force’
Manila Standard, July 17, 2022
Rio N. Araja
Four lawmakers from Camarines Sur, led by Rep. LRay Villafuerte, want the creation of a reserve force of highly skilled and medically trained professionals and volunteers...
Villar files measure encouraging bike use
Manila Standard, July 17, 2022
Macon Ramos-Araneta
Senator Mark A. Villar has filed a bill that seeks to provide the rights of bicycle riders and convince others to use the bike as an alternative mode of transportation...
App allows SME digitization
Daily Tribune, July 18, 2022
Raadee Sausa
Small and medium enterprises (SME) can tap an innovative solution that promised to redefine businesses capability to grow their businesses through the Packworks app...
‘Look beyond China to fund rail projects’
BusinessMirror, July 18, 2022
Jovee Marie De La Cruz
Two leaders of the House of Representatives on Sunday said the Marcos administration should stop pursuing Chinese financing for three big railway projects, saying Japan and the private sector could fund these projects...
Beijing willing to renegotiate deals on big-ticket projects
BusinessMirror, July 18, 2022
Malou Talosig-Bartolome and Butch Fernandez
The Chinese Embassy in Manila said China is still open to renegotiating deals on the “Build, Build, Build (BBB)” projects initiated by the Duterte administration and that it is confident that the new administration would provide the continuity needed to further boost bilateral relations.
PHL-US military to hold second leg of exercises
BusinessMirror, July 18, 2022
Rene Acosta
The heliborne training involving the Philippine Marine Corps (PMC) and the US Marine Corps (USMC) will begin today and it will be conducted in Zambales and Taguig City as both forces strengthened their interoperabitily operations...
More PHL destinations get back-to-back intl accolades
BusinessMirror, July 18, 2022
Ma. Stella F. Arnaldo
Several destinations in the country including the idyllic Boracay Island and energetic Manila received back-to-back accolades from international travel publications and online entertainment sites...
ICC asks PH, victims to comment on resumption of drug war probe
Philippine Daily Inquirer, July 17, 2022
Zacarian Sarao
The International Criminal Court (ICC) has requested the Philippine government to comment on the proposed reopening of the court’s investigation of the drug war of its previous president, Rodrigo Duterte...
US warship challenges Beijing’s claims in Spratlys
Philippine Daily Inquirer, July 18, 2022
Frances Mangosing
A United States warship on Saturday sailed near a disputed area in the South China Sea, the second “freedom of navigation operation” meant to challenge “excessive maritime claims” in the region since Wednesday...
New fiscal consolidation goal ‘realistic’–think tank
Philippine Daily Inquirer, July 16, 2022
Ronnel W. Domingo
The fiscal program of the Marcos administration, albeit yet to be threshed out, appears to be “realistic” and favorable to continued economic recovery from pandemic-induced recession, according to GlobalSource Partners...
Fitch unit tags PH as 'outperformer' in geothermal power market
CNN Philippines, July 15, 2022
Pilar Manuel
The Philippines is among the countries seen as “outperforming” in the geothermal power sector, according to Fitch Solutions...
Unstoppable dollar risks worsening $71-B Asia stock exodus
BusinessWorld, July 18, 2022
Bloomberg
The Dollar's relentless rise is threatening to trigger more outflows from Asia’s emerging-market shares, spoiling hopes of the region making a comeback in the second half...
‘Prolonged war to worsen trade balance in ASEAN +3’
Philippine Star, July 18, 2022
Louella Desiderio
A prolonged war between Russia and Ukraine would lead to further increases in fuel and commodity prices, and worsen the trade balance for most economies in the Association of Southeast Asian Nations (ASEAN) +3 (China, Japan and South Korea) region...
G20 heads agree to act on food insecurity
The Manila Times, July 18, 2022
Xinhua News Agency
A two-day meeting of Finance Ministers and Central Bank Governors (FMCBG) of the Group of 20 (G20) ended on Saturday in Indonesia's Bali resort island, resulting in a consensus to consolidate collaboration and cooperation to tackle the mounting food security crisis and related challenges...
Saudi sets oil production limit
The Manila Times, July 18, 2022
Xinhua News Agency
Saudi Arabian Crown Prince Mohammed bin Salman said on Saturday (Sunday in Manila) the kingdom will increase oil production to 13 million barrels per day at most, the Saudi Press Agency reported...
‘Climate change affects everyone’: Europe battles wildfires in intense heat
Philippine Daily Inquirer, July 18, 2022
Reuters
Authorities across southern Europe battled on Sunday to control huge wildfires in countries including Spain, Greece and France, with hundreds of deaths blamed on soaring temperatures that scientists say are consistent with climate change...
Ukraine war shows West’s dominance is ending as China rises, Blair says
Rappler, July 17, 2022
Reuters
The Ukraine war shows that the West’s dominance is coming to an end as China rises to superpower status in partnership with Russia at one of the most significant inflection points in centuries, former British Prime Minister Tony Blair said...
Macau extends COVID shutdown, including for casinos
Philippine Star, July 17, 2022
Agence France-Presse
Macau is set to begin another working week of partial lockdown, after the city extended the closure of its casinos and non-essential businesses to try and eradicate its worst coronavirus outbreak yet...
Ukraine president sacks top prosecutor, security head in shakeup
Manila Standard, July 18, 2022
Agence France-Presse
Ukrainian President Volodymyr Zelensky on Sunday sacked his chief prosecutor and the head of the country’s security agency in the largest government shakeup since the start of Russia’s invasion nearly five months ago...
The truth, and strategy, of food expiration dates
CNN Philippines, July 18, 2022
Danielle Wiener-Bronner, CNN Business
When you walk into a supermarket and pick up an item — anything from milk to cereal to a can of beans — you'll likely see a little date on the package preceded by "enjoy by," "sell by," or a similar phrase...
Long lines in New York for monkeypox vaccine
Philippine Star, July 18, 2022
Agence France-Presse
On a hot Sunday afternoon in New York, the epicenter of the US monkeypox outbreak, a long line of men aged 20 to 40 wait for a vaccine to protect themselves and their loved ones against the virus...
Ghana confirms two cases of highly infectious Marburg virus
GMA News, July 18, 2022
Ghana has officially confirmed two cases of the Marburg virus, a highly infectious disease similar to Ebola, its health service said on Sunday, after two people who later died tested positive for the virus earlier this month...
Senators want new govt to clarify rightsizing plan
BusinessMirror, July 18, 2022
Butch Fernandez
The Senate will seek a clearer policy definition of the new administration’s intent to “rightsize” the bureaucracy when President Ferdinand Marcos Jr. convenes a meeting with lawmakers after his State of the Nation Address on July 25...
OWWA to launch program for kids of overseas workers
BusinessMirror, July 18, 2022
Malou Talosig-Bartolome
The Overseas Workers Welfare Administration (OWWA) is forming an OFW Children’s Circle for 200,000 children who were left behind in the Philippines by their OFW parents...
Marcos renews call for Covid shots, boosters
The Manila Times, July 18, 2022
Kristina Maralit and Kaithreen Cruz
Recovering from a second bout of Covid-19, President Ferdinand "Bongbong" Marcos Jr. has renewed his call to the public to get vaccine shots and booster doses...
COA flags delays in 14 DOTr projects worth P1.6-trillion
Philippine Daily Inquirer, July 18, 2022
Julie M. Aurelio
Fourteen foreign-assisted projects of the Department of Transportation (DOTr) worth P1.61 trillion suffered “setbacks” in implementation last year, forcing the government to pay P128.42 million in additional fees to several lenders financing them, according to the Commission on Audit (COA)...
Pascual wants e-vehicles included in CARS scheme
BusinessMirror, July 18, 2022
Andrea E. San Juan
Trade Secretary Alfredo E. Pascual is pushing for the inclusion of electric vehicles in the Comprehensive Automotive Resurgence Strategy (CARS) program...
Labor chief to public servants: Don’t worry about rightsizing
BusinessMirror, July 18, 2022
Jovee Marie De La Cruz
Labor Secretary Bienvenido E. Laguesma has called for “calmness” among public servants who fear losing jobs due to government’s rightsizing plan as this may not actually mean downsizing the bureaucracy...
Manila deploys free rides due to flood
Philippine Star, July 18, 2022
The Manila city government deployed free rides for passengers who were stranded due to a severe thunderstorm that affected the metropolis and neighboring areas, causing flooding on Saturday night...
5 provinces log over 20% COVID-19 positivity rate
Philippine Star, July 18, 2022
Pia Lee-Brago
Five provinces have posted “very high” or over 20 percent COVID positivity rate, according to the OCTA Research Group...
Explore other funding options for railway projects – Rodriguez
Philippine Daily Inquirer, July 18, 2022
Jeannette I. Andrade
The Marcos administration should explore other options in funding three major railway projects that were effectively put on hold with the government’s cancellation of loan applications with China, Cagayan de Oro City Rep. Rufus Rodriguez said in a statement issued on Sunday...
DILG to LGUs: Take initiatives to ease public’s financial burden
Philippine Daily Inquirer, July 17, 2022
Zacarian Sarao
Local government units (LGUs) should develop and carry out transformative initiatives to ease the public’s financial burden amid the surge in prices and inflation, said Interior Secretary Benhur Abalos on Sunday...
Analysts: National security should improve lives
BusinessMirror, July 17, 2022
Kyle Aristophere T. Atienza
The Philippines' national security strategy should also protect strategic industries, political analysts said on Sunday, as the government resumes free trade talks...
Around 27 million Filipinos are obese—PH Nutrition Council
Manila Bulletin, July 17, 2022
Analou de Vera
An estimated 27 million Filipinos were classified as obese, an official of the National Nutrition Council (NNC) said...
Negros Occidental eyes state of calamity due to dengue
Philippine Star, July 18, 2022
Gilbert Bayoran
The provincial government of Negros Occidental is considering placing the province under a state of calamity due to rising cases of the mosquito-borne disease dengue...
How to protect yourself from dengue
Rappler, July 18, 2022
What are the symptoms of dengue? How can you prevent yourself from getting infected with the dengue virus?...
Code Red: Reviving hope in a chronically ill health system
ABS-CBN News, July 18, 2022
Raphael Bosano
Some 2 years into the COVID-19 pandemic, the Philippines has eased mobility curbs and infections have gone down to manageable levels. But the road to recovery was far from a smooth journey, with some even paying the ultimate price...
Comelec: Over 1.3M new voters for barangay, SK polls
CNN Philippines, July 17, 2022
CNN Philippines Staff
Over 1.3 million individuals registered as new voters for the barangay and Sangguniang Kabataan (SK) elections slated on Dec. 5, the Commission on Elections (Comelec) said on Sunday...
BBM retains Teehankee as PH permanent envoy to WTO
Manila Standard, July 17, 2022
Vince Lopez
President Ferdinand Marcos Jr. has reappointed Ambassador Manuel Antonio Teehankee as the Philippines’ permanent representative to the World Trade Organization (WTO)...
CSC: Rightsizing the bureaucracy will not happen overnight
CNN Philippines, July 17, 2022
Crissy Dimatulac
Robert Sombillo is relatively new in his job. He has been working as a contract of service employee of a government agency for less than a year...
Marcos: Gov’t to launch COVID-19 booster campaign to prepare for resumption of in-person classes
CNN Philippines, July 17, 2022
Syrah Vivien Inocencio
President Ferdinand “Bongbong” Marcos Jr. said the government will launch a large-scale booster campaign in preparation for the resumption of in-person classes...
Social factors must be considered in education reforms – psychologist
Philippine Daily Inquirer, July 18, 2022
Jane Bautista
While curriculum and instruction enhancement is important to improve the quality of learning in the country, social and psychological factors must also be considered in implementing reforms, according to a researcher from De La Salle University (DLSU)...
Gatchalian urges BBM admin to decongest teachers’ workload
Manila Standard, July 17, 2022
Macon Ramos-Araneta
Senator Win Gatchalian is urging the new administration to decongest the workload of public school teachers so that they can focus on their teaching duties...
‘Economic impact of projects should exceed cost of loans’
BusinessMirror, July 18, 2022
Cai Ordinario
As Manila carefully weighs its financing options amid the spike in borrowing costs, former Finance Secretary Carlos G. Dominguez said the prudent path to take is to ascertain that the economic return of projects will be higher than the cost of the loan...
‘P528-B output gap requires stimulus spending in 6 years’
BusinessMirror, July 18, 2022
Cai Ordinario
The pandemic has cost the economy P528 billion and the government can help address this output gap through stimulus spending in the next six years, according to a local economist...
LANDBANK launches P10-B loan facility for rural banks affected by typhoon
BusinessWorld, July 18, 2022
K.B. Ta-asan
Land Bank of the Philippines (LANDBANK) has launched a lending program to aid the recovery of countryside financial institutions (CFIs) that were affected by typhoon Odette last year....
Double-digit growth for insurance trade
Daily Tribune, July 18, 2022
Raadee Sausa
Sustained recovery of the economy is expected to boost demand for insurance products, a bank official said...
BSP seen raising rates up to 4.5%
Philippine Star, July 18, 2022
Lawrence Agcaoili
Foreign banks are expecting the Bangko Sentral ng Pilipinas (BSP) to aggressively hike key policy rates by a total of 125 basis points to bring the benchmark rate to 4.50 percent by the end of the year...
Infrastructure program to help reduce Philippine poverty
Philippine Star, July 18, 2022
Louise Maureen Simeon
Boosting the country’s infrastructure program will allow the economy to grow more and, in turn, reduce the poverty rate that has been exacerbated by the pandemic...
Economist expects remittances to sustain growth as more countries that host OFWs recover from crisis
Manila Standard, July 17, 2022
Julito G. Rada
Remittances are expected to improve in the coming months as global economies continue to recover from the health crisis, an economist said over the weekend...
Companies asked to mitigate economic shocks
Manila Standard, July 17, 2022
Lee Gabriel S. Seril
An economist encouraged the manufacturing sector to “step up” to prevent economic shocks caused by health crises such as the COVID-19 pandemic...
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