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By Riza Lozada The Bangko Sentral ng Pilipinas (BSP) soothed worries about the recent weakening of the peso saying that the currency is merely undergoing an “adjustment process.”

Top economic executives said confidence on the economy is expected to make a strong rebound now that the Marawi conflict has ended and rehabilitation is on the way.

The government has formed an inter-agency task force to tackle bottlenecks and gaps in the country’s infrastructure development as infrastructure spending picks up, according to the National Economic and Development Authority (Neda).

The Philippine Competition Commission (PCC) said mobile and internet services in the country remains poor a year after Globe Telecom Inc. and PLDT Inc. acquired San Miguel Corp.’s (SMC) telecommunications assets including the 700MHz frequency it holds in a blockbuster P69 billion deal.

By Luis Leoncio Economic managers and other Cabinet officials were ordered by President Duterte to hasten spending or else lose their jobs.

Investments inflow remain healthy despite the warning of Sen. Franklin Drilon during a Senate hearing over a 90.3 percent drop in inew investments on which he based his serious concerns “over the capability of the government to attract new foreign investments.”

The government through the Board of Investments (BOI) of the Department of Trade and Industry (DTI) recently presented to global port operator International Container Terminal Services Inc. (ICTSI) the 2017 Guinogulan Award for Large Enterprises for its huge contribution to the country’s economic growth.

Funding will not be a problem in the rehabilitation of Marawi City, which was recently declared liberated from the clutches of pro-Islamic State (IS) groups, as government had prepared for the reconstruction effort while several countries have committed to provide aid, Budget Secretary Benjamin Diokno said.

By Riza Lozada The Philippines is spearheading the effort of the Association of Southeast Asian Nations (Asean) to improve catastrophic reinsurance initiatives that will help communities across the region recover faster from the impact of natural disasters and other adverse effects of climate change.

President Duterte expressed zero tolerance for corrupt public officials and tax-evading businessmen who are shortchanging the Filipino public.