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Transportation ministers and officials of the Association of Southeast Asian Nations (Asean) committed to deepen the integration of the transportation system in the region through the adoption of various transport initiatives at the recent 22nd Asean Transport Meeting (ATM).

Bloomberry Resorts Corp (Bloomberry), owner and operator of the Solaire Resort and Casino and Jeju Sun Hotel and Casino in Korea, reported that it sustained its return to profitability in the third quarter, generating P1.417 billion in net profit, which was seven percent higher from the previous quarter and a major reversal from the P189 million net loss a year …

Technology and e-commerce are shaping up as critical pillars of the country’s long-term progress as the government strengthens its thrust to improve the state of connectivity in the country.

Chevron Philippines Inc. (CPI) has expanded its presence in the high-growth Calabarzon area with the opening of its newest Caltex service station in Silang, Cavite.

Central bank retrieved $15.25 million (P732 million at P48/$1) of the $81 million (P3.89 billion) stolen in a cyber attack in the United States last February.

By Luis Leoncio The government’s economic man­agers last week said the planned infrastructure buildup of the Duterte administration would be pursued, even at the risk of increased public borrowings.

By Riza Lozada Analysts and economists continue to up­grade their assessments on the country as a result of determined moves of the Duterte administration to institute policy reforms, particularly in doing away with red tape.

Three local business clans landed on the prestigious 2016 Forbes list of Asia’s Richest Fam­ilies, with the Sy family of the SM empire placing 17th, with a net worth of $12.8 billion. The Zobel family of the Aya­la Group took the 37th spot, with a net worth of $5.1 billion, and the Aboitiz family of the Aboitiz Group, was 39th, …

The government plans to bid out new ra­dio frequencies to firms that will challenge the domination of Philippine Long Distance Telephone Co. Inc. (PLDT) and Globe Tele­com in the telecommunications industry, the National Telecommunications Commission (NTC) said. The NTC said it plans to bid out unas­signed frequencies by the middle of next year to pave the way for the entry …

By Riza Lozada After a long period of stagnation, ex­ports recovered in September as they posted a 5.1-percent growth to end 17 months of consecutive contractions going back to June 2015.