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The traffic situation in Metro Manila and other urban centers will get worse before it becomes bet­ter, as the government em­barks on massive projects to improve travel among key cities, President Duterte said. Mr. Duterte has ap­pealed to the public for more understanding as big-ticket projects under the govern­ment’s “Build, Build, Build” program are expected to worsen the traffic congestion …

The Department of Energy (DOE) will seek the revival of the Bataan Nuclear Power Plant (BNPP) after President Duterte allowed Energy Secretary Alfonso Cusi to study the possibility of reopening it, with specific instructions to prioritize the security and safety of the public.

Alex V. Buenaven­tura recently took his oath of of­fice as the ninth president and CEO of the state-owned Land Bank of the Philippines (LandBank), with a thrust to reinforce the bank’s development mandate anchored on pro­moting inclusive econom­ic growth especially in the countryside, with a stronger focus on helping farmers and fishers.

Leading mass-housing developer 8990 Holdings Inc. posted a flat prof­it in the first three quarters of 2016 amid the sharp rise in finance costs and higher cost of sales.

By Luis Leoncio The administration’s planned infrastructure spending would be the biggest in terms of its share to total economic output since the term of former President Ferdi­nand E. Marcos in 1969, the Depart­ment of Public Works and Highways (DPWH) said.

The country’s growth will weather the weakening of the Philippines peso against the US dollar, which was al­legedly triggered by President Duterte’s outbursts against the United States, Rep. Joey Salceda of Albay’s second district, said.

The administration’s economic man­agers have formally guaranteed “so­cial-protection initiatives” to shield the poor and low-income households from the impact of the proposed ad­justments in excise fuel taxes under the initial comprehensive tax-reform program that the government submit­ted last September to Congress for its approval.

The Department of Finance (DOF) will expand the val­ue-added tax (VAT) base and raise the excise tax on diesel to recoup losses from the pro­posed reforms on corporate and income taxes that would result in the reduced tariff payments of wage earners and business firms.

Of 149 countries in the world, the Philippines is the 60th most prosperous, based on the criteria of Brit­ish think tank Legatum In­stitute in its yearly ranking called the Prosperity Index.

Outside the blunt rhetorics of Presi­dent Duterte about targeting both drug addicts and traffickers in his determined campaign against narcotics, the National Eco­nomic and Development Authority (Neda) had told a United Nations (UN) com­mittee that his administration is actually investing heavily on the rehabilitation of ille­gal-drug dependents.