The Market Monitor Minding the Nation's Business
Gabby Espinas scored inside at the buzzer as Caloocan stunned San Juan, 79-78, on Friday in the MPBL (Maharlika Pilipinas Basketball League) Sixth Season elimination round at the Caloocan Sports Complex. Jeramer Cabanag found himself covered as he drove in, but saw Espinas open for the clincher that put the Batang Kankaloo’s drive for the fourth playoff spot in the …
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September, 2024
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30 September
Philippine Board of Investments: Celebrating 57 Years of Investment Growth
The Philippine Board of Investments (BOI) proudly celebrated its 57 th founding anniversary on September 16, 2024, reaffirming its vital role as a key agency under the Department of Trade Industry. For nearly six decades, the BOI has led the charge in creating investment opportunities and driving economic growth throughout the Philippines. As a dedicated partner for both local entrepreneurs …
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30 September
FDA forms TWG for stricter regulation of traditional meds, health supplements
The Food and Drug Administration (FDA) has formed a technical working group (TWG) aimed at enhancing its regulatory oversight of traditional medicines and health supplements. The new task force, known as “Taskforce Thomson,” will be responsible for crafting policies and regulations in line with existing laws, rules, and regulations to ensure the safety, efficacy, and quality of these products. Taskforce …
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30 September
BOI Hits P1.35-T Investment Approvals Mid-September to surpass 2023 Full-Year Performances
The Philippine Board of Investments surpasses its Php1.26 trillion full year investment approvals for 2023 as it reaches Php1.35 trillion by its 57th founding anniversary on September 16, 2024. This figure marks a significant 82% increase from the Php741.98 billion approved in January to September 15 last year. The energy sector, mainly projects in renewable energy, continued to dominate the …
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30 September
3.4% inflation rate expected by end of 2024
The Department of Finance (DOF) forecasts a full-year inflation rate of 3.4% by the end of 2024. During a recent media briefing at Malacañang, DOF Secretary Ralph Recto stated this projection aligns with the Bangko Sentral ng Pilipinas (BSP) target range of 2% to 4%. “We expect it to be within the target range of the BSP… so we’re looking …
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30 September
Residential property prices rise in Q2 2024
Residential real estate prices of various types of new housing units in the Philippines continued to increase in Q2 2024. Residential property prices rose by 2.7 percent year-on-year (YoY), albeit at a slower pace than the 6.1 percent growth in Q1 2024. On a quarter-on-quarter (QoQ) basis, housing prices grew faster at 1.8 percent than the 1.1 percent growth in …
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30 September
PAGCOR ‘Bingo for a Cause’ offers bigger funds to LGUs, organizations
The Philippine Amusement and Gaming Corporation (PAGCOR) said it has tweaked its “Bingo for A Cause’’ program to help local government units (LGUs) and non-government organizations (NGOs) raise more funds for their socio-civic programs. PAGCOR Assistant Vice President Maria Teresa Ocampo said the state gaming agency has approved new packages that will allow LGUs and NGOs to earn as much …
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30 September
Unilever’s Kabisig Summit Empowers Filipino Sari-Sari Store Owners
Unilever Philippines is making waves with its Kabisig Summit, a groundbreaking initiative aimed at supporting sari-sari store owners—an essential part of Filipino communities. With over a million sari-sari stores across the country, these micro-businesses are crucial to the nation’s economy, serving as hubs for daily essentials, social connection, and family livelihood. The Kabisig Summit offers both online and in-person training …
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30 September
Lower budget deficit recorded in August
The national government’s budget deficit went down by 59.24 percent to P54.2 billion in August this year from P133 billion in the same month a year ago. Data released by the Bureau of the Treasury (BTr) showed that the lower deficit during the month was due to the 24.40 percent growth in government revenues alongside a 0.68 percent contraction in …
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30 September
Gov’t prepared to implement law to thwart economic sabotage
Finance Secretary Ralph Recto has assured the public the Department of Finance (DOF) and the Bureau of Customs (BOC) are ready to fully implement the anti-agri economic sabotage law to end agricultural smuggling, profiteering, and hoarding. In a statement on Friday, Recto said Republic Act 12022 or the Anti-Agricultural Economic Sabotage Act, signed by President Ferdinand R. Marcos Jr. on …
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