Top News

ICTSI revenues up 12% to $297M in three months

International port operator International Container Terminal Services Inc. (ICTSI) reported unaudited consolidated finan­cial results for the quarter ended March 31 posting revenue from port opera­tions of $297.2 million, an increase of 12 percent over the $266.5 million re­ported for the same period last year.

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Cimatu seeks concerted Asean action on ecology

Newly appointed Environment and Natural Resources Secretary Roy Ci­matu is calling for Asean member-na­tions’ increasingly concerted action for environmental protection.

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China paves modern Silk Road for Asian development

Around 2,000 years ago, merchants and caravans began moving east and west along the Silk Road, trading goods and technology. Now, a modern Silk Road, rekindling trade, attracting investment and sharing prosperity, is in the making.

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Philippine products seen to benefit from BRI

Zhengzhou City—With the Belt & Road Initiative (BRI) serving as bridge, more ‘Made in the Philippines’ food products such as dried mangoes, ba­nana chips and sugar-coated ‘pili’ nuts are expected to reach China’s market in the future.

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UN chief hails forum on Asian infra buildup

Many of the problems plaguing today’s world boil down to sluggish develop­ment, and effective growth strategies are more than welcome for better global governance, say analysts.

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Eagle sets IPO offer price at P15

Cement producer Eagle Cement Corp. which will be traded under the ticker symbol “Eagle”, has priced its initial public offering at P15 per share, following the recent approval of its public listing by the Philippine Stock Exchange (PSE).

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The power of lobby money

We watched on TV last week the turn over ceremonies at the Department of Environ­ment and Natural Resources (DENR) and couldn’t help but feel a twinge of regret at the loss of this fine woman for the country and for our environment.

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Infra gap, traffic woes main Philippines hurdles—Diokno

By Riza Lozada  The previous administration failed to invest in infrastructure, resulting in a gap in development and in monumental economic and social costs to the economy, among which is vehicular traffic that costs P2.4 billion daily, Budget Secretary Benjamin Diokno said. 

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MICC to pursue review despite Lopez rejection

By Luis Leoncio  Despite the rejection of Regina Lopez as head of the Department of Environment and Natural Resources (DENR) by the powerful Commission on Appointments (CA) last week, the government will still pursue the multistakeholders review by the Mining Industry Coordinating Council (MICC) of all mining operations in the country. 

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AP Renewables gets ADB award for development projects

The Asian Development Bank (ADB) and CNBC recently presented the second annual ADB Private Sector-CNBC awards to businesses from India and the Philippines. Janalakshmi Financial Services and AP Renewables Inc. (APRI) were honored for their innovative and impactful private sector solutions to key development challenges. 

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