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By Luis Leoncio The Lee family of South Korea that controls the Samsung Group, tops the list of Asia’s richest, with a combined wealth of $26.6 billion, Forbes Asia said during the launch of its inaugural ranking of the top 50 Asian business dynasties. 

By Luis Leoncio  Another technical glitch marred operations at the Philippine Stock Exchange (PSE) last week and raised fresh jitters in the local bourse, as this was the fourth time the PSE halted operations since migrating to a new trading system. 

The World Economic Forum (WEF) has cited several “problematic factors” hampering the Philippines’ business environment, even as it reported that the country rose five places to the 47th spot in the recent World Economic Forum-Global Competitive Index (WEF-GCI). 

By Riza Lozada  The government, finally heeding the growing demand to lower the cost of electricity—reputed to be the highest among members of the Association of Southeast Asian Nations (Asean)—has announced a plan that requires power distributors to hire foreign auction managers who would make sure that electricity is bought from suppliers at the lowest price. 

By Jerry Maglunog The country’s growing population of 101.6 million, with an average that puts the majority at working age, or what the government calls the “demographic sweet spot,” is among the primary reasons investors are starting to flock to the country. 

By Luis Leoncio  The Asian Development Bank (ADB) has issued a warning on the adverse impact of the tightening of monetary policies in the United States on foreign capital in the region, including the Philippines. 

As a growing number of local and foreign business groups continued to support a congressional initiative to reduce income and corporate taxes, a former budget official blasted the arguments raised by President Aquino in opposing it. 

By Lito U. Gagni  The government needs to fine-tune the policy focus of its mass-housing program if it must address this social-reform issue that has eluded six presidents for the past 50 years, according to Januario Jesus Atencio III, president and CEO of 8990 Holdings Inc., the country’s top housing developer. 

Iloilo City, Iloilo—Ministers of the Asia-Pacific Economic Cooperation (Apec) recognized on Friday that corruption and unethical business practices hamper micro, small and medium enterprises (MSMEs) from entering the global market. 

“Practitioners of the craft are responsible, in no small part, to the state of the Philippine society, or more accurately, to the state of the Filipino mind,” thus declared Chief Justice Ma. Lourdes Sereno when she opened the 22nd National PR Congress at the Hotel Intercontinental Manila in Makati City.