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The Philippines has taken the limelight in Southeast Asia not only as the host of the ASEAN Summit this year, but also as a center of infrastructure development in the region given the government’s aggressive infrastructure push.

The stock market retreated yesterday as investors continued to stay on the sidelines.

The Bangko Sentral ng Pilipinas has directed banks to adopt stricter authentication measures for online transactions to foster secure digital financial services environment and protect consumers against cyber attacks.

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When DOTr Secretary Art Tugade talked about “revisiting” the PPP approach to infra projects, I should have been alarmed.

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San Miguel Corp. and state-run Philippine National Construction Corp. are looking to build a  P700-billion tollroad that would connect Quezon, Bicol and Samar.

The Philippine metal industry is cautious on prospects for exports this year in line with the projected reduction in imports from the United States.

The National Grid Corp. of the Philippines has expressed its full support for the government’s national broadband program by using the fiber optics network in the transmission grid to improve the internet speed in the country.

Assets under the management of Sun Life Asset Management Co. Inc. amounted to about P57 billion as of early-April, exceeding its target AUM of P53 billion by year-end.

Lopez-led Energy Development Corp. has closed a P5-billion loan with Security Bank Corp. as part of its refinancing program for its existing debts.

Just a few days before her confirmation hearing, Environment Secretary Gina Lopez threw another shot at the mining industry after she issued an order banning all prospective open pit mines in the country.

Even before the delegates and participating business leaders of the ongoing Association of Southeast Asian Nations Summit arrived in Manila, the chairman of the US-ASEAN Business Council warned his contemporaries about a worrisome trend in the insurance industry.

US President Donald Trump on Wednesday told the leaders of Mexico and Canada that he will not immediately pull out of the North American Free Trade Agreement, just hours after administration officials said he was considering a draft executive order to do just that.

The World Bank is retaining its forecast for crude oil prices this year but is projecting a price increase by 2018 due to the production cutback of petroleum exporting countries.

Japan’s central bank kept its ultra-lax monetary policy unchanged yesterday, forecasting that growth in the world’s third-largest economy would remain slow but steady through the fiscal year ending in March 2018.

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