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By Riza Lozada  Despite an offer from global ride-sharing firm Uber to pay a P10-million fine, regulator Land Transportation Franchising and Regulatory Board (LTFRB) stood its ground in imposing a one-month suspension on the company and even encouraged transport network vehicle services (TNVS) accredited by Uber to jump to its competitors. 

Economic observers are confident that the Philippine economy will hit the target range of 6.5-percent to 7.5-percent growth this year after the government announced a 6.5-percent gross domestic product (GDP) expansion in the second quarter. 

Economic managers made a bold prediction to foreign investors in a Singaporean forum that the Philippines is slated to become Asia’s next economic powerhouse. 

The Department of Finance (DOF) said it appreciates the decision of the US government’s Millenium Challenge Corp. (MCC) to reopen a $434 -million (P2.17-billion) grant, but the conditions attached to it would have to be reviewed. 

Telecommunications companies in Southeast Asia need to invest more in spectrum and new services to meet the explosive data and bandwidth demand in the smartphone era, a new study from Standard & Poors (S&P) Global Ratings showed.

By Riza Lozada The Department of Energy (DOE) and the Consunji group’s Semirara Mining and Power Corporation (SMPC) made a pact to facilitate the development of a mine-mouth power plant in the province of Antique to ensure the acceleration of total electrification of the country. 

The Employers Confederation of the Philippines (ECOP) has expressed anew concerns over certain provisions in 25 pending House of Representatives bills tackling the issues of contractualization and workers’ security of tenure.

It is important to pass the new tax reform bill of the government as a package, according to a senior research fellow of government thinktank Philippine Institute for Development Studies (PIDS). 

By Riza Lozada A survey of top busi­nessmen in the country showed a unanimous positive economic outlook mainly as a result of the improved busi­ness climate.

Economic managers bared three flagship projects—the construction of a new termi­nal for Clark International Airport, the Mega Manila Subway System, and the Philippine National Railways (PNR) North and South rail lines—that President Duterte is banking to ease the local transportation problem.