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By Riza Lozada The government is setting up a community-based economic zone in Marawi City to help speed up the recovery of the city which was devastated by five months of fierce battle between Islamic State (IS)-inspired militants and government forces.

In another vote of confidence on President Duterte’s economic program, the Asian Development Bank (ADB) scaled up its growth forecast on the Philippines to 6.7 percent this year and 6.8 next year from earlier estimates of 6.5 percent and 6.7 percent expansion previously, the ADB’s Asian Development Outlook Supplement (ADOS) showed.

Local Rizal Commercial Banking Corp. (RCBC) and top Bangladesh officials traded accusations over the almost two-year joust on the $81 million stolen from the Bangladesh Central Bank in a cyber heist of a Chinese group that operates from the Philippines.

Healthy exports growth, economic cooperation, and trade facilitation initiatives will sustain the country’s trade growth which recorded a double-digit growth last October, Socioeconomic Planning Secretary Ernesto Pernia said.

Barely ten months after receiving the International Standardization Organization (ISO) 9001:2008 Certification for Quality Management System (QMS), the Philippine Amusement and Gaming Corp. (PAGCOR) has successfully transitioned to ISO 9001: 2015.

By Riza Lozada Online real estate broker Hoppler recently awarded some of their top-performing partner brokers during their Brokers Launch Party held at the Grind Bistro in Bonifacio Global City.

Puerto Princesa City – The Francisco Ubay Memorial Elementary School in Puerto Princesa with a population of 2,400 students from Brgys. Tagburos, San Manuel, Santa Monica and San Jose is the recipient of SM Foundation’s 86th school building under its school building program.

By Luis Leoncio Despite the rapid growth in the local banking industry the past few years, more than 86 percent of the population or roughly 86 million Filipinos do not have a bank account, Finance Secretary Carlos Dominguez III said.

By Riza Lozada Government spending grew by a hefty 28.2 percent in October to reflect the pick up in government projects and programs.

A Filipino-French joint venture building a $25-million pilot phase of an ocean tidal power plant in San Bernardino Strait, which will be the first in the Philippines and the Asean region, encouraged the government to create a single state-run guarantee agency to provide assistance to major projects.