The Market Monitor Minding the Nation's Business
Suzuki Auto San Pablo is celebrating its second anniversary with a big bang under the umbrella of the Gateway Motors Group which, in turn, is also celebrating its own 20th year anniversary in serving the local automotive industry with quality cars of various brands. Situated along Maharlika Highway, Brgy. San Benito, Alaminos, Laguna, Suzuki Auto San Pablo is now having …
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October, 2024
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22 October
Jetour, Autodeal.ph ink deal
Jetour Auto Philippines Inc. recently inked a partnership with the country’s leading online automotive marketplace Autodeal (Autodeal.com.ph) to become an active part of Autodeal’s extensive network of over 450 partner dealerships nationwide, helping customers and car buyers research vehicles, find promos, and compare prices across all brands, empowering consumers well before they reach the showrooms. Jetour customers will now find …
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22 October
Motor renewal at PITX
The Parañaque Integrated Terminal Exchange (PITX), in collaboration with the Land Transportation Office (LTO), inaugurated its motor vehicle registration renewal services at the terminal for both cars and motorcycles, making PITX an ideal location for motorists to renew their registrations with ease. To complete the motor vehicle registration renewal process at PITX, the following requirements must be submitted: LTO Client …
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22 October
5-year Australia-Phl development partnership plan launched
The Australian Embassy in the Philippines launched on Thursday a five-year development partnership that is set to be implemented nationwide until 2029. Australian Department of Foreign Affairs and Trade (DFAT) Secretary Jan Adams, together with Australian Ambassador to the Philippines Hae Kyong Yu, officially introduced the Australia-Philippines Development Partnership Plan 2024-2029 during a ceremony in Makati City. The partnership aims …
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22 October
Gov’t ramps up effort to strike bilateral deals as Phl falls behind RE target
The Department of Energy (DOE) is ramping up its efforts to secure bilateral energy cooperation agreements as the Philippines strives to catch up on its renewable energy targets. DOE Secretary Raphael Lotilla recently led an energy mission to Saudi Arabia, where the Philippines signed its first memorandum of understanding (MOU) with Saudi Energy Minister Abdulaziz bin Salam Al Saud. Joining …
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22 October
Reforms pushed to streamline mining application process
The government is pushing for key reforms aimed at streamlining the mining application process, officials said on Thursday. Department of Environment and Natural Resources (DENR) Undersecretary for Integrated Sciences, Carlos Primo David, announced during a forum organized by the Chamber of Mines of the Philippines (COMP) that the DENR has introduced a digital application system in three regions. “We’ve rolled …
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22 October
CIP gets pre-development ECC for offshore wind energy project
Danish firm Copenhagen Infrastructure Partners (CIP) has received its pre-development Environmental Compliance Certificate (ECC) for its 1-gigawatt San Miguel Bay Offshore Wind Project in Camarines Sur, marking a significant milestone for offshore wind energy in the Philippines. The Royal Danish Embassy in Manila announced Friday that this project is the first of its kind to secure a pre-development ECC from …
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22 October
Q3 economic growth projected to settle at 6%-6.5%
Philippine economic growth likely settled within the 6.0 to 6.5 percent range in the third quarter of the year, an economist said on Friday. Seasonal increase in importation, manufacturing and other production activities in preparation for the increased demand during the holiday season likely helped boost growth during the quarter, Rizal Commercial Banking Corporation chief economist Michael Ricafort said in …
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22 October
Bangko Sentral cuts down on volume bills offering
The Bangko Sentral ng Pilipinas (BSP) announced on Friday that it has reduced the total offering of its BSP bills (BSPB) to P160 billion, down from P190 billion in the previous week. This adjustment was made in response to evolving market conditions and liquidity management needs. In a statement, BSP Deputy Governor Francisco Dakila Jr. explained that the allocation for …
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22 October
Local financial sector’s total resources record 9.20% uptick in August
The Philippine financial sector’s total resources increased by 9.20 percent as of end-August this year, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary data released by the BSP last week showed that the total resources of banks and non-bank financial institutions reached P32.14 trillion in August, higher than the P29.43 trillion in August 2023. Banks’ total resources amounted …
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