The Market Monitor Minding the Nation's Business
Listed cement manufacturer Cemex Holdings Philippines Inc. (CHP) reported a P2.69 billion profit last year as sales of cement pick up amid the construction boom.
Read More »Cemex posts P2.69-B profit for last year
Business
Allianz cites P1.17-M ‘gap’ on family security
The recent gross domestic product (GDP) growth results and the robust projections for the Philippines for several years continue to bolster the Philippines’ reputation as one of the region’s economic tigers.
Read More »Healthy growth seen to spur use of banks
By Riza Lozada Union Bank of the Philippines (UnionBank) sees the consumer market as a profit driver this year as a result of the steady growth in the economy.
Read More »Ex-national treasurer now heads PDIC
Former National Treasurer Roberto Tan was sworn into office as the new president of the Philippine Deposit Insurance Corp. (PDIC) by Finance Secretary Carlos Dominguez at the Department of Finance (DoF) office recently.
Read More »ADB’s climate funding hits P185B for last year
The Asian Development Bank (ADB) reported approving $3.7 billion (P185 billion) in climate finance investments in 2016.
Read More »P280B in private bonds issued last year—SEC
By Riza Lozada Corporate borrowings have surged last year to reflect the healthy state of the economy as private bonds registered with the Securities and Exchange Commission (SEC) surged 134 percent in 2016.
Read More »UnionBank earmarks P3B for digital drive
Union Bank of the Philippines (UnionBank) has earmarked P3 billion for capital expenditure (capex) to complete its digital transformation strategy, UnionBank President and Chief Operating Officer Erwin R. Bautista said.
Read More »Caltex station opens in NE trading center
Bambang, Nueva Vizcaya – Chevron Philippines Inc. (CPI), distributor of the Caltex brand of fuels and lubricants, recently inaugurated its newest Caltex service station at the Nueva Vizcaya Agricultural Terminal – Agri-Pinoy Trading Center (NVAT-APTC) located along AH26, Bambang, Nueva Vizcaya.
Read More »Local bourse named best in Southeast Asia
The local bourse operated by Philippine Stock Exchange Inc. (PSE) was recognized as the 2016 Best Stock Exchange in Southeast Asia at the Marquee Awards of the 10th Alpha Southeast Asia Deal & Solution Awards held in Sepang, Malaysia last Jan. 25.
Read More »Clark to Davao flights open as PAL adds routes
Philippine Airlines (PAL) ramped up its operations by formally launching its third domestic flight last Feb. 1 that will connect Clark International Airport (CRK) in Pampanga to Davao, President Duterte’s hometown province.
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