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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. 

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. 

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. 

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. 

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. 

The trend in economic risks facing financial institutions operating in the Philippines has become positive, based on improving credit fundamentals, S&P Global Ratings said in its latest “Banking Industry Country Risk Assessment: Philippines.” 

In a bid to build an advanced version of strategic partnership, China and Association of Southeast Asian Nations (ASEAN) unanimously agreed to formulate a 2030 Vision. 

The IMF could provide policy advice, financial support as well as capacity building for the Belt and Road Initiative, International Monetary Fund managing director Christine Lagarde said. 

The country’s recent hosting of the 30th Summit of the Association of Southeast Asian Nations (Asean) last April 26 to 29 at the Philippine International Convention Center (PICC) in Manila tackled a community vision that will guide the ten member-states to becoming a truly inclusive and stronger region in the next decade. 

China and the Philippines has agreed on the establishment of a biannual bilateral consultation mechanism (BCM) on the South China Sea.