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Anti-dirty money deal seen in EAS leaders meet

Senior officials from the East Asian region and adjoining countries are considering several documents, including those related to anti-money laundering and countering financing terrorism, which will be issued in November for the Philippines during the East Asia Summit (EAS). 

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Royal Cargo starts construction of P1.2-B Bulacan logistics hub

By Riza Lozada  Global logistics firm Royal Cargo Inc. recently broke ground for the construction of its P1.2-billion solar-powered Cargo City North Hub on Plaridel Bypass Road, Bulacan province, as part of its capacity expansion in the Philippines. 

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Strong growth seen with BRI infra plan

A “strong Philippine economic growth” is expected in the coming years as a result of the country’s joining the $1-trillion Belt & Road Initiative (BRI) infrastructure plan, seven independent analysts said during the May 25 Pandesal Forum. 

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Xiamen sees huge gains from BRICS Summit hosting

Xiamen, a bustling coastal city of Fujian province where many Chinese-Filipinos in the Philippines have traced their origin, vowed to grab an unprecedented opportunity from its hosting of the 9th BRICS Summit to enhance its economic and tourism development. 

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US businessmen bullish on multinational proposal

Businessmen in the southern part of the United States hailed the China-proposed Belt and Road Initiative, saying it will usher in a win-win cooperation. 

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UN exec: China a role model in fight vs poverty

A senior UN official said that China has made great strides in poverty reduction and could be a “role model” for other nations in this aspect. 

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Intrusive US aid should also be reviewed —think tank

By Riza Lozada  Since the Duterte administration had made it policy to reject financial aid with strings attached to it after rejecting 250 million euros. or P14-billion European Union (EU) grants, a think tank said that it might as well look into the United States’ aid programs. 

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Duterte steps onto Silk Road to prosperity (Last part)

By Chito Lozada  Last of two parts  Many considers the current phase of uninterrupted progress in China as the bold new world of money, in which capital moves unceasingly everywhere in the country. 

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Growth skid in Q1 no cause for concern—economic execs

By Luis Leoncio  The lower-than-expected 6.4 percent growth in the first quarter is not a source of worry for President Duterte’s economic managers, as the country remains one of the strongest performers among major emerging economies in Asia. 

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Meralco’s P6.9-B refund ordered paid in 3 months

The Energy Regulatory Commission (ERC) has ordered dominant power distributor Manila Electric Co. (Meralco) to refund P6.9 billion in over-recoveries to electricity users within three months instead of 36 months based on its petition to firm petitioned. 

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