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Member states of the Association of Southeast Asian Nations (Asean) need to improve their collaboration to successfully deal with the profound challenges of the Fourth Industrial Revolution, a new joint report launched today by the World Economic Forum and the Asian Development Bank (ADB) said.

The Association of Southeast Asian Nations (Asean) should establish macroeconomic and political stability to meet an estimated $60 billion a year to address the region’s infrastructure needs, a senior official of the Asian Development Bank (ADB) said.

By Luis Leoncio The targeted inclusive growth rate is now a reality for the Philippines after the 6.9 expansion in the gross domestic product in the third quarter as the Duterte administration further ramps up spending on infrastructure and human capital development to supercharge the economy and move closer to financial inclusion, Finance Secretary Carlos Dominguez III said.

Dubai, United Arab Emirates—Airbus signed a $49.5-billion deal to sell 430 airplanes to the Phoenix-based private equity firm that owns Frontier Airlines, striking the European aerospace company’s biggest deal ever at the Dubai Air Show.

By Luis Leoncio The International Monetary Fund (IMF) raised the possibility of the economy overheating amid the successive strong growth as the demand for goods and services may outstrip supply thus leading to higher prices.

By Luis Leoncio All documents needed for an impending probe on the misuse of the Malampaya Fund will be released as the government will fully cooperate with efforts to identify those responsible as a result of recent Commission on Audit (COA) findings on the irregular use of the multibillion peso fund, Budget Secretary Benjamin Diokno said.

By Riza Lozada Chinese Prime Minister Li Keqiang will push 30 new initiatives during the 31st Association of Southeast Asian Nations (Asean) Summit and Related Meetings slated this week.

By Riza Lozada Multilateral lender Asian Development Bank (ADB) recently approved a $100 million loan to set up systems that will speed up the country’s infrastructure buildup.

By Luis Leoncio The government has assured the business sector is open to team-ups on big-ticket infrastructure under the “Build, Build, Build” program through solicited and unsolicited proposals for public-private partnerships (PPP) or joint ventures (JV) under terms that would prove most beneficial to the Filipino people.

The Senate will seek the scrapping of the excise tax on petroleum products under the Tax Reform Acceleration and Inclusion (TRAIN) since the proposed P6 per liter increase will prove burdensome to consumers, Senate President Pro Tempore Ralph Recto said.