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LEDAC to focus more on curbing corruption in procurement process

The Legislative-Executive Development Advisory Council (LEDAC) has agreed to put greater focus on curbing corruption in the procurement process.

PH posts P28.8-B surplus in August ‘17

The Philippine government posted a P28.8-billion budget surplus in August 2017 as revenue collections for the month grew higher than expenditures.

ICTSI acquires Petron’s share in Manila North Harbor

International Container Terminal Services, Inc. (ICTSI) has acquired 10.449 million shares of Petron Corp. in Manila North Harbor Philippines, Inc. (MNHPI) for P1.75 billion.
A typical rush-hour scene on EDSA. This year;s quake drill will be done at 4pm, and include scenarios besides earthquakes, especially fire suppression. MMDA said it's also the first time the drill takes 4 days. INTERAKSYON FILE

MPIC likely to be granted original proponent status on MRT rehab – DOTr

The Department of Transportation (DOTr) said the Metro Pacific Investments Corporation (MPIC) will likely be granted the original proponent status for the takeover and rehabilitation of the Metro Rail Transit (MRT) Line 3.

Asia firms’ sentiment slips on geo-political tensions – Thomson Reuters/INSEAD

Business confidence among Asian companies fell for the first time in three quarters in July-September as escalating geo-political tensions outweighed an improved performance by most economies in the region, a Thomson Reuters/INSEAD survey showed.

Business as usual for Toys “R” Us Philippines despite US bankruptcy filing

It's business as usual for all Toys “R” Us stores in the Philippines, which will continue to offer a wide assortment of toys and merchandise for kids, the company said Wednesday, amid reports that Toys "R" Us Inc, the largest US toy store chain, has filed for bankruptcy protection.
The Philippines’ main stocks index’ rallied for the third day in a row Monday, closing at over 8,200-level on sustained rise in Wall Street.

Senate okays Fiscal-Monetary Report Act of 2017

The Senate on Monday unanimously approved on third and final reading a measure which promotes greater transparency and public accountability in the formulation and implementation of the Executive department's economic policies.
DOF Usec Karl Chua

DOF defers submission of 2nd tax reform package

The Department of Finance of Finance (DoF) will defer submission to Congress of the second of up to five tax reform packages, as it focuses all its efforts on pushing the first tranche through the Senate and enactment in time for implementation as 2018 starts.

THE RIVER LIVES | Here’s why train operator LRMC also deploys tiny plants and weird balls on dirty esteros

We own this river - it is an indispensable part of our lives, and we must be responsible stewards for it. With this message to various stakeholders, the operator of LRT-1 undertook for the second year on Saturday a massive make-or-break cleanup for rivers, with focus on the environmentally challenged Tripa de Gallina in Pasay City.

Despite culling amid bird flu, poultry prices seen stable heading into holiday season

The Department of Trade and Industry (DTI) said poultry prices are likely to remain stable heading into the holiday season even after thousands of birds were culled due to the avian flu.

Win: Public will lose with House move to punish ERC with measly P1,000 budget

It's not just the reduction of the Commission on Human Rights' 2018 budget to a ridiculous P1,000 that has gotten senators worried: the House of Representatives' move to give the Energy Regulatory Commission a similar P1,000 budget could have dire consequences on the country's power situation, according to the Senate's energy committee chief.

PH slips in human capital ranking

The Philippines has remained among East Asia and the Pacific’s top 10 economies in terms of human resource development, according to an annual report of the World Economic Forum that nevertheless showed the country slipping in regional and global ranking, weighed down by challenges in skills application and accumulation through work.