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The Asean (Association of Southeast Asian Nations) Business Advisory Council (BAC) will advance frame­works on developing micro, small, and medium enter­prises (MSMEs) as well as promoting inclusive business models in the region.

Over 200 informal lenders have applied for registration before the Securities and Exchange Commission (SEC) after the gov­ernment initiated a crackdown against loan sharks engaged in “five-six” and other usurious practices.

A Filipino group in the United States has manifested its full sup­port for real change in the Philip­pines as declared by President Duterte in the war against illegal drugs, corruption and poverty. In a press statement, the newly formed group chaired by Arnedo S. Valera said the US Pi­noys for Real Change in the Phil­ippines (USPRCP) held a prayer vigil …

By Riza Lozada The government’s policy of self-suffi­ciency in rice has, since the previous administration, led to the unintended consequence of raising the price of the cereal, according to a recent study on food security released by state think tank Philippines Insti­tute for Development Study (PIDS) said.

By Luis Leoncio  Local businesses maintained their positive outlook in the first quarter despite the political noise as a result of the determined anti-drugs campaign of President Duterte, a recent Bangko Sentral ng Pilipinas (BSP) survey among executives showed. 

The postponement of the visit to Manila of Chinese Minister of Commerce Gao Hucheng was not in retaliation for the statement of Foreign Secretary Perfecto Yasay on the Chinese militarization of the South China, but was due to new appointments in the Chinese government, Trade and Industry Secretary Ramon Lopez said. 

Hitting the goal of a yearly economic growth of from 7 to 8 percent would need “efficient fiscal management” in the local government level, while local government units (LGU) should stop their heavy reliance on the Internal Revenue Allotment (IRA), according to Budget Secretary Benjamin Diokno. 

By Riza Lozada  The government has banned the hoarding of radio frequencies that telecommunications firms are in dire need of to improve their services.

Election spending, the traffic crisis and the increase in remittances of overseas Filipino workers all contributed to the surging sales of the country’s Motorcycle Development Program Participants Association (MDPPA) with an all-time sales hit of 1.1 million motorcycles, especially the light-engine or moped variety, in 2016. 

The notorious “5-6” scheme associated with Indian traders will soon become a legal financial scheme with some changes here and there, and the government is completing the guidelines for it, according to Rex Daryanani, president of the Federation of Indian Chambers and Commerce (Philippines) Inc. (Ficci).