The Philippine economy is poised for moderate growth acceleration in 2024 and 2025, driven by easing inflation and gradual normalization of monetary policy, according to the International Monetary Fund (IMF). “Growth is expected to accelerate in 2024-25, supported by disinflation, and gradually declining borrowing costs as monetary policy normalizes,” stated the IMF following its 2024 Article IV consultation with the …
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Manila Water was lauded as the country’s Community Engagement and Partnerships Champion, while its President and Chief Executive Officer (CEO), Jocot de Dios, was the first runner-up for Leadership Commitment at the 2024 Philippines United Nations (UN) Women’s Empowerment Principles (WEPs) Awards last November 27, 2024. The company’s winning entry for the Community Engagement and Partnerships category was the Integrated …
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Mindanao International Container Terminal Services Inc. (MICTSI), a subsidiary of International Container Terminal Services Inc. (ICTSI), has secured a 25-year extension to operate and manage the Mindanao Container Terminal (MCT). The extension, awarded by the PHIVIDEC Industrial Authority, allows MICTSI to continue managing the MCT until 2058. Located within the PHIVIDEC Industrial Estate in Tagoloan, Misamis Oriental, the MCT serves …
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The Philippines’ seventh consecutive participation at the China International Import Expo (CIIE), the world’s biggest import-themed trade show, was underscored by a notable performance after yielding USD 1.602 billion in export sales and purchase agreements, surpassing last year’s total by a significant margin. The amount was a combination of reported sales, purchase agreements or memorandum of understanding, and business matching …
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Tagum Water, an operating unit of Manila Water Non-East Zone subsidiary Manila Water Philippines Ventures (MWPV), has once again proven its dedication to sustainability and responsible use of energy by winning in the Department of Energy’s 2024 Energy Efficiency Excellence (EEE) Awards. This consecutive win highlights Manila Water’s unwavering commitment to environmental stewardship and energy-efficient operations, paving the way for …
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The Bangko Sentral ng Pilipinas (BSP) and the Department of Energy (DOE) led the “Roundtable Discussion on Unlocking Financing for the Green Energy Auction Program (GEAP)” on 12 December 2024 at the BSP Head Office in Manila. The event gathered policymakers, financial institutions, and energy industry players to explore market reforms and innovative financing instruments for renewable energy (RE) development. …
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Christmas is the season of giving and the most anticipated time of year for kids. With its wide selection, MR.TOY has toys for children of all ages, catering to their diverse interests. Prepare for a holiday season filled with fun, creativity, and learning with MR.TOY’s extensive range! From interactive playsets to educational toys, there’s something for every child to enjoy, …
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BingoPlus, your comprehensive digital entertainment platform in the country, has always been supportive of Chelsea Manalo since she was pre-competing for the Miss Universe 2024. As she brought home the historic title of Miss Universe Asia, the brand formally welcomed her to the Philippines. BingoPlus held Manalo’s homecoming presscon on December 14, 2024, at the Empire Studio. Manalo graced the …
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BingoPlus, your comprehensive digital entertainment platform in the country, upheld the Christmas party of the Philippine Association of National Advertisers (PANA). The event transpired at a hotel in BGC, Taguig on December 12, 2024. The significant occasion highlighted the recognition of new members of advertisers. PANA is partnering with DigiPlus, the parent company of BingoPlus, was mentioned alongside TGXI and …
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Contecon Guayaquil S.A. (CGSA), International Container Terminal Services, Inc.’s (ICTSI) Ecuadorian business unit, received the inaugural call of Kota Eagle, the largest and most modern container ship of Pacific International Lines (PIL). This marks a significant development for Ecuador’s foreign trade and confirms Guayaquil as a strategic port on global shipping routes. The Kota Eagle features low environmental impact technology, operating …
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The Market Monitor Minding the Nation's Business