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International Container Terminal Services Inc.’s (ICTSI) Victoria International Container Terminal (VICT) at the Port of Melbourne, Australia is the first fully automated international container handling facility in the world.

Globe Telecom has launched the $250-million Southeast Asia-United States (SEA-US) submarine cable system, providing direct links between Davao City and the United States that further enhance Internet connectivity in the country. Globe President and CEO Ernest Cu said the initiative was part of the company’s efforts to connect more homes and businesses to high speed Internet across the country. “It …

Global port operator International Container Terminal Services Inc. (ICTSI) reported unaudited consolidated financial results for the first half of the year with revenue from port operations of $603.7 million (P30.15 billion), an increase of 10 percent from the $550.8 million (P27.54 billion) reported for the first six months of 2016.

By Luis Leoncio  The Philippine Competition Commission (PCC) is investigating anti-competitive practices in the cement industry, PCC Commissioner Johannes Benjamin Bernabe said in a forum last week. 

By Riza Lozada  The Bangko Sentral ng Pilipinas (BSP) vows to further relax foreign exchange trading rules to help address rising financing requirements of the local economy. BSP Governor Nestor Espenilla Jr. said bank lending continues to be robust but noted financial institutions cannot sufficiently fund increasing needs, thus, the need to also support the local currency debt market. 

by Gia Catimbang and Hananeel Bordey  The Department of Agriculture (DA) plans to shift focus on the agriculture sector to agribusiness to adapt to a business world that is fast advancing due to technology, Agriculture Undersecretary Evelyn Laviña said. 

President Duterte has signed the bill that would provide free tuition in state universities and colleges (SUCs) into law last Friday but the government would not offer free tertiary education until next year. 

Not only economic growth should be the focus of the integration of the Association of Southeast Asian Nations (Asean) members but also poverty and income inequality, Philippine Institute for Development Studies (PIDS) President Gilberto Llanto said. 

It all started with a leisure trip for gold in Manila for South Korean real-estate magnate Lee Shin-Kun, and now, he owns Donggwang Clark Corp. (DCC) which is considered one of South Korea’s largest property developers. The company is about half into the biggest foreign property project in the country, if not Southeast Asia, called Clark Sunvalley Resorts and Country Club, …

The Philippines and the Czech Republic signed last week a new economic cooperation agreement that is expected to further enhance relations between the two countries.