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Listed Benguet Corp., the oldest mining firm in the country said the minor and intermit­tent mine tailings leak in An­tamok, Benguet has been put under control.

By Riza Lozada The inflation rate in October 2016 remained at 2.6 percent, the same pace as in September, and is within the outlook of of the Bangko Sentral ng Pilipina (BSP) in the near term.

An official of the Philippine Charity Sweepstakes Office (PCSO) has won the 2016 Outstanding Social Worker of the Philippines award in the field of Health and Medical Services.

The country’s strong mac­roeconomic fundamentals along with the high liquid­ity system in the economy and improvement of asset quality continue to back the country’s banking system, Moody’s Investors Service said.

By Luis Leoncio Leakages from tax perks giv­en to corporations average P100 billion annually, com­pared to only P5 billion in revenues lost through inefficient collections from exemptions of se­nior citizens based, according to computations of the Department of Finance (DOF) in its studies on ways to plug loopholes in the tax system.

Local business and government executives urged China to do more in terms of im­proving economic ties with the Philippines after President Duterte’s state visit to the Asian giant.

By Riza Lozada Japan’s giant trading hous­es or sogo shoshas are again investing big in the Philippines in response to the invitation of President Duterte during his recent three-day official visit to Ja­pan.

The country’s biggest corporations and state-owned firms can now choose where to buy their electricity after the Supreme Court (SC) junked the petition of the Manila Electric Co. (Meralco) against the implementation of the retail competition and open access (RCOA), a provision of the Electricity Power Industry Reform Act (Epira).

By Luis Leoncio If the economic managers who are under the Nation­al Economic and Devel­opment Authority (Neda) board would have their way, the P125-a-day across-the-board wage increase being sought in Congress is out of the question this year, and perhaps in the years to come.

A think tank has questioned the meth­odology of the Philippine Statistics Au­thority (PSA), which reported last week that the country’s poverty rate declined to 21.6 percent in 2015 compared to 25.2 percent in 2012.