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The Asian Development Bank has upgraded its 2017 and 2018 economic growth forecasts for the Philippines, with infrastructure investments seen to continue playing an important role in the country’s development.

The balance of trade swung to a higher 28 percent deficit in October as imports continued to outpace exports, the Philippine Statistics Authority reported.

The Philippines inched closer to its plan to bring in cattle from Latin American nations after the World Organization for Animal Health laid down guidelines that will allow the country to import the breeding materials.

Columns

As they say, the only thing certain in this world is death and taxes.

I have commented on the efforts of President Duterte to reach out to the NPA communist rebellion in this column.

President Duterte was being melodramatic as usual when he declared Metro Manila will be dead in 25 years.

Latest Business News

A Japanese consortium led by Oriental Consultants Global has bagged the consulting contract for the construction of the North-South Commuter Railway (NSCR) project (Malolos – Tutuban line), the Japan International Cooperation Agency (JICA) said.

Cebu Pacific is spending over P60 million per year over the next five years for digital platforms to help make airport operations efficient and improve customer service.

The Department of Energy (DOE) has issued new policies on the sale of adulterated gasoline and diesel to tricycles to allow faster development of gas stations in the countryside.

The Government Service Insurance System (GSIS) will extend P315 million in emergency loans to its active members and pensioners in five areas in Mindanao affected by typhoons and heavy rains.

The Development Bank of the Philippines (DBP) has granted a P1.8-billion loan to Davao Occidental for the financing of various infrastructure and livelihood projects in the province.

The Tourism Enterprise Zone Authority (TIEZA) has formalized agreements for the development of four Tourism Enterprise Zones (TEZ).

Global stocks rocketed higher Friday, with Wall Street indices ending at fresh records, following strong US jobs data and a breakthrough in Brexit talks between Britain and the European Union.

The National Electrification Administration (NEA) has renewed its cooperation with the Technical Education and Skills Development Authority (TESDA) for a skills training program for linemen of electric cooperatives (ECs) and barangay electricians across the country.

The government will earmark another P1 billion next year to provide micro enterprises an alternative source of financing that is easy to access and made available at a reasonable cost.

Online banking remains a hard target for cyber-attackers in Asia-Pacific, cloud security solutions leader Trend Micro said.

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