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Former finance secretaries and heads of the National Eco­nomic Development Authority (Neda) strongly supported and pushed for the approval of the Tax Reform for Acceleration and Inclusion (Train) bill, which seeks to legislate fiscal reforms that the Duterte administration had sought to achieve its vision of inclusive growth.

By Luis Leoncio  As if to stress its fierce opposition to the move in Congress to grant an across-the-board pension increase for Social Security System (SSS) retirees without a corresponding increase in member contributions, the Department of Finance (DOF) is now citing the proposal, and an earlier recommendation for a two-year moratorium on land conversion, as the biggest threats to …

A shutdown for almost three weeks of the Malampaya natural-gas facility off Palawan next month will result in higher electricity prices on top of a likely power shortage in February, simulations at the Department of Energy (DOE) showed. 

By Riza Lozada  The Supreme Court (SC) has left to corporate regulator Securities and Exchange Commission (SEC) the nationality question that has long hounded telecommunications giant Philippine Long Distance Telephone Co. (PLDT), despite clearing an SEC memorandum that applied the 60:40 rule only on voting shares. 

Here’s a first for the Philippines: the administration is considering the use of drones, among other measures, to monitor the progress—or lack of it—of its infrastructure-buildup strategy and to keep such public works projects free from graft and corruption. 

Investigations in Bangladesh into the electronic theft of $81 million from the country’s central bank have zeroed in on some technicians from the bank bolstering the claim of the local Rizal Commercial Banking Corp. (RCBC) through which the pilfered funds were channeled that it did nothing wrong. 

The area around Quiapo was practically placed on a lockdown since Saturday as the government spared no effort to thwart a supposed terrorist threat during the celebration of the annual feast of the Black Nazarene this Monday. 

Philippine Long Distance Telephone Inc. (PLDT) information technology unit ePLDT Inc. has called for more cybersecurity experts to be recruited in deterring hacking and other cybercrime incidents in the future. 

Close to 2,000 LandBank of the Philippines (LandBank) employees joined the celebration of Volunteerism Month last December with various employee activities held all over the country. Earlier this year, the Bank institutionalized its employee volunteerism program dubbed Volunteerific, through which its nearly 8,000-strong employees are enjoined to conduct volunteerism activities all year round. 

Citing recent economic trends, the World Bank (WB) has upgraded its economic outlook for the Philippines for the next two years and it now projects the economy to grow at 6.8 percent this year from an earlier 6.4-percent growth forecast.