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Sen. Francis “Chiz” Escudero has assailed fellow legislators for kowtowing to Malacañang in the performance of their mandated task of legislation. 

By Lito U. Gagni Jollibee Foods Corp. (JFC) has embarked on an overseas expansion strategy to boost its profitability ratio, which went down when it absorbed higher operating costs and cut its product offerings by up to 10 percent. 

By Luis Leoncio  The sound fiscal reforms that had improved the economic stature of the Philippines started during the term of President Gloria Macapagal-Arroyo, Moody’s Investors Service said in its latest report on the country. 

By Jerry Maglunog  A guessing game has started on who would succeed Amando Tetangco Jr. when his second and last term as Bangko Sentral ng Pilipinas (BSP) governor ends on July 3, 2017. 

By Riza Lozada  As is his wont, President Aquino again blamed the Philippines media for sensationalizing and blowing out of proportion much of the country’s problems under his administration. In the “A Meeting of Minds” dialogue with Forbes Media Editor-in-Chief Steve Forbes at the closing of the 15th Forbes Global CEO Conference in Manila, Mr. Aquino was asked about his …

The Bangko Sentral ng Pilipinas (BSP or Bangko Sentral) scored a victory in a long legal battle as the Supreme Court (SC) ruled in its favor in its case against Orient Commercial Banking Corp. (OCBC), Jose C. Go and corporations connected with him—Gotesco Properties Inc.; Go Tong Electrical Supply Inc.; Ever Emporium Inc.; Ever Gotesco Resources and Holdings Inc.; Gotesco …

By Luis Leoncio  Had the Aquino administration not scrimped and spent the annual budgets as stipulated in the General Appropriations Act, the economy could have grown from 8 percent to 10 percent, which was what was required to eliminate poverty in the country, according to noted economist Dr. Bernardo M. Villegas. 

By Jerry Maglunog  Asian conglomerate San Miguel Corp. (SMC) has identified power and cement as its major growth drivers in the growing Philippine economy. SMC President Ramon S. Ang said SMC is spending $800 million to build two new cement plants in Pangasinan and Quezon.

By Riza Lozada  Big foreign investors continue to bypass the country, despite government claims of improved business perception, as shown by the country’s measly 4.6-percent share in the total foreign direct investments (FDI) that flowed into the economies of the Association of Southeast Asian Nations (Asean) in the first half of 2015. 

By Lito U. Gagni  Local market players, as well as employees of top snack producer Liwayway Marketing Corp., are opening bank accounts in Hong Kong, preparatory to the projected listing of the company’s shares in the Hong Kong Stock Exchange.