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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.

The country seeks to add at least 20,000 megawatts of renewable energy (RE) capacities by 2040 to sustain economic gains and continue efforts to elevate the quality of life in the country, Energy Secretary Alfonso Cusi said.

The Philippines has to “re­invent its logistics sector” to raise its visibility as a favored business destination in Asia, or increasingly lose out to neigh­boring countries, according to industry analysts.

Cebu Landmasters Inc. (CLI), Metro Cebu’s leading local housing developer, has obtained the Securities and Exchange Commission’s (SEC) clearance for its P3.8-billion initial public offering to fund its expansion plans. CLI filed its application with an offer price of up to P6.56 per common share, consisting of 505 million shares, with an over-allotment option of another 75 million secondary shares …

For years, Edmar, Benedict and Daniel’s daily routine was classroom work, house duties and community service at an or­phanage. Early this year, little did they realize their lives would transform.

By Luis Leoncio  Efforts to oust President Duterte, whether it be through the impeachment process or a military takeover, will remain futile due to the continued high popular support on Mr. Duterte, the US-based strategic forecasting firm Stratfor said. 

Power transmission network operator National Grid Corp. of the Philippines (NGCP) said it does not expect power outages until this June despite the onset of summer when traditionally, energy demand peaks. 

The government has submitted to Japan some $9 billion (P450 billion) worth of infrastructure plans for possible official development assistance (ODA) financing during the first meeting of the Philippines-Japan Joint Committee on Infrastructure Development and Economic Cooperation held in Tokyo last week.