A group led by First Pacific submitted last Friday its offer to buy Shell's 45% stake in the Malampaya gas field, according to the Hong Kong-based firm's CEO Manny Pangilinan.

The Philippine Health Insurance Corporation will run out of funds in the next seven years if no additional funding is given to the agency to cover the deferred monthly contribution increase this year.

Democratic Senator Elizabeth Warren faces an uphill battle persuading Washington to back her tax on ultra-millionaires — starting with convincing her own party's Treasury Secretary.