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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). 

By Riza Lozada  State-owned National Power Corp. (Napocor) posted a net income of P1.6 billion in 2016 which was lower than last year, based on its report to the Commission on Audit (COA). 

By Ben Cal Despite the simple ceremonies, it was for the first time in three decades that three of the four key players that triggered the historic four-day Edsa People Power revolution on Feb. 22-25, 1986 that restored freedom and democracy in the Philippines, attended together a Holy Mass during the 31st Edsa anniversary held at Camp Aguinaldo last Friday. 

Listed integrated energy company Semirara Mining and Power Corp. (SMPC) reported an all-time-high net income of P12 billion in 2016, a 42 percent improvement from P8.47 billion the previous year as a result of higher coal and power sales. 

Most Australian firms prefer the Philippines to explore offshoring opportunities, as opposed to other rival potential business process outsourcing (BPO) destinations in the region, such as India, according to a study by government think tank Philippine Institute for Development Studies. 

By Luis Leoncio  The protectionist policies of US President Donald Trump may soon hit home to stunt the country’s growth as he will surely have a relook at the trade figures and deals with four Asean members, namely Singapore, Malaysia, Indonesia and the new Beijing “supporter,” the Philippines. 

The battle for the construction of an alternative to the ageing and dilapidated Ninoy Aquino International Airport (Naia) continues as the demand for more airports gained added urgency with passenger volumes increasing rapidly. 

Manila is ranked the 19th most dynamic among 134 major cities of the world assessed in the latest study by professional services and investment management firm Jones Lang LaSalle (JLL). 

More institutions have signified their support for the immediate enactment of the Duterte administration’s tax-reform package, which is pending in Congress, to maintain the economy’s growth momentum. 

By Riza Lozada  Trade groups and civic organizations are clashing head-on over the order of the Department of Environment and Natural Resources (DENR) to cancel nearly one quarter of the nation’s mining operations.