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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. 

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. 

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. 

A technology for producing high quality charcoal was developed by the Forest Products Research and Development Institute (FPRDI). 

Beko Philippines, a unit of one of the largest home appliance brands in Europe, recently treated the sole winner of “Kick your way to Barcelona: The Grand Kick-off Challenge” to an all-expense paid, tax-free trip to Barcelona, Spain to watch the live match of FC Barcelona in LaLiga. 

Aboitiz Equity Ventures Inc. (AEV) ended the first quarter of 2017 with a P4.7-billion net income, representing a 7-percent fall from a year ago. 

EON, an e-money account powered by UnionBank, makes every transaction easier by pioneering ‘Selfie Banking’ here in the Philippines through a top-of-the-line biometric authentication system. 

The Philippine econ­omy is expected to grow the fastest in the region, even bet­ter than China and next only to India, as the outlook for de­veloping East Asia is expected to remain broadly positive in the next three years, according to a new World Bank (WB) re­port.

Environment Secretary Regina Lopez is blocking a plea of the Department of Finance (DoF)-led Mining Industry Coordinating Council (MICC) for the government to allocate P50 million to review the mine closures ordered by the Department of Environment and Nat­ural Resources (DENR).

The Supreme Court (SC) re­jected with finality a petition of intervention filed by lawyers questioning the Securities and Exchange Commission’s (SEC) implementation of the high court’s June 2011 ruling that ef­fectively stated the regulator has the jurisdiction in ruling on Phil­ippine Long Distance Telephone Co.’s (PLDT) compliance to the 40-percent limit to foreign own­ership.