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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. 

The positive growth outlook credit watchdog Fitch Ratings gave the country increases the need for the approval of the Comprehensive Tax Reform Program (CTRP) pending with Congress since it will ensure that necessary funds will be available to finance governmen projects targeted to end poverty and elevate the country to a high-income economy, Finance Secretary Carlos Dominguez III said. 

Majority of top local executives expect the economy to further strengthen this year and even exceed last year’s 6.8 percent growth rate, results of the Makati Business Club (MBC) First Semester Executive Outlook Survey for 2017 showed. 

President Duterte underlined the need to curb corruption to foster national development as well as the need to attend to Mindanao’s problems as he led last Thursday the awarding of Go Negosyo’s Inspiring Filipina Entrepreneurs, which coincides with the commencement of the National Women’s Month. 

Finance ministers and central bank governors from the Association of Southeast Asian Nations (Asean) are meeting next week in Mactan island in the province of Cebu to discuss ways of fleshing out Asean’s commitments to financial integration and cooperation against the backdrop of a new wave of protectionism and other uncertainties in the global economy.