The Market Monitor Minding the Nation's Business
LANDBANK reaffirms its financial strength and stability, following the Bank’s P50-billion contribution to the Maharlika Investment Fund (MIF), and remains fully committed to its mandate as a reliable partner to the national government’s inclusive development agenda. The state-run Bank has consistently met and exceeded the minimum requirements of the Bangko Sentral ng Pilipinas (BSP) for Capital Adequacy Ratio (CAR)—a critical …
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December, 2024
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27 December
Correcting the budget is better, than rushing its signing
By Rose de la Cruz With four days left before the year ends, the President is now hurdling the biggest challenge to his leadership– a flawed budget courtesy of the greedy members of the House of Representatives, which he must correct or face impeachment. At this juncture, it is anybody’s guess what motivated the members of HoR to cut the …
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27 December
SM FOUNDATION’S LAST QUARTER MEDICAL MISSIONS
SM Foundation continued its medical and dental missions across the country during the last quarter of the year to help ensure the well-being of beneficiaries in communities where SM businesses operate. From October to December, these medical and dental missions were conducted across the country in collaboration with local government units and partner organizations. Like prior SM Foundation medical and …
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27 December
More corn imports seen for animal feeds
By Rose de la Cruz The massive destruction caused by recent typhoons on corn farms of the country and the high cost of production would necessitate higher imports of corn for animal feeds of by 7.2 percent or 1.63 million metric tons for 2024-2025, according to the USDA-Foreign Agricultural Service in Manila. The USDA also sees corn production only growing …
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24 December
J&T Express PH ends 2024 on a high note by providing Christmas ‘ayuda’ to its 60,000 employees
Aside from expanding its services and operations nationwide, J&T Express, one of the leading logistics and delivery service providers in the Philippines, continues to embody its care culture and Bayanihan spirit with the rollout of Christmas gift packages for its 60,000-strong service personnel this December. Following its string of activities supporting MSMEs and communities in need, the management spearheaded this …
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23 December
PhilHealth urged to utilize surplus funds amid subsidy cut
Senator Loren Legarda believes the Philippine Health Insurance Corporation (PhilHealth) has enough resources to expand benefit packages and address gaps in public healthcare access despite the removal of the agency’s P74-billion government subsidy under the proposed 2025 national budget. Legarda made this assertion during a Senate hearing on December 18, as she urged PhilHealth to utilize its P150 billion surplus …
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23 December
MMDA, GSIS sign deal to address traffic woes
The Metropolitan Manila Development Authority (MMDA) and the Government Service Insurance System (GSIS) have solidified a partnership aimed at addressing critical urban traffic issues through the expanded use of GSIS properties. The agreement was signed on December 18 by GSIS President and General Manager Wick Veloso and MMDA Chairman Romando Artes, with MMDA General Manager Procopio Lipana as witness. Key …
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23 December
BBM cites AFP modernization’s role in thwarting cybercrime, emerging national security threats
President Ferdinand R. Marcos Jr. underscored the importance of the Armed Forces of the Philippines’ (AFP) modernization program in addressing cybercrime and other evolving national security threats during the AFP’s 89th founding anniversary celebration at Camp General Emilio Aguinaldo in Quezon City on Friday. In his speech, Marcos praised the AFP’s agility and adaptability to modern security challenges. “You have …
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23 December
‘Kasambahays’ in NCR to get P500 pay hike
The Regional Tripartite Wages and Productivity Board in the National Capital Region (RTWPB-NCR) has approved a P500 increase in the monthly minimum wage for domestic workers (kasambahay). In Wage Order No. NCR-DW-05, the NCR wage board said the new minimum wage in the region for the sector will be at P7,000 a month. “The new minimum wage for kasambahays in …
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23 December
PDEG flexes P2.4-B narcotics haul
The Philippine National Police – Drug Enforcement Group (PDEG) confiscated nearly P2.4 billion worth of illegal drugs in operations conducted from January 1 to December 18, 2024. PDEG chief Brig. Gen. Eleazar Matta disclosed on Friday that the haul included 168 kilograms of shabu, 3,866,600 fully grown marijuana plants, 1,830 kilograms of dried marijuana leaves, 48.672 kilograms of ketamine, 36.9 …
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