The Market Monitor Minding the Nation's Business
The Philippines has leapfrogged 47 places over the past decade in the Global Innovation Index (GII) published by the World Intellectual Property Office (WIPO). The country ranked 53rd this year from 100th place in the 2014 edition of the report, making the country one of the fastest 10-year risers along with China, Türkiye, India and Vietnam. The Philippines also advanced …
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September, 2024
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30 September
SSS projects 4-5M new member registration in 2024
The Social Security System (SSS) is optimistic that new member registration could reach 4 million to 5 million this year. In a statement on Thursday, the SSS said its new member registration has already reached 2.4 million as of end-July, surpassing the agency’s 2 million target for this year. Macasaet said the new SSS members went up by 165 percent …
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30 September
JAO to promote workers’ safety
Different government agencies hope to streamline safety monitoring at construction sites after setting the guidelines for a joint administrative order (JAO). Spearheaded by the Construction Industry of the Philippines (CIAP), the signing of JAO No. 1, Series of 2022 are with Departments of Labor and Employment (DOLE), Public Works and Highways (DPWH), and Trade and Industry (DTI). The JAO promotes …
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30 September
Parqal Mall recognized as one of the most beautiful architectures
An architectural group has recognized a newly built mall in Paranaque City as among the most beautiful structure globally. as one of beautiful structures. Parqal Mall, located in Aseana City, was one of the seven buildings that made the list of The World’s Most Beautiful Emporiums for 2024 by Prix Versailles, an annual architectural competition. Aside from Parqal Mall, other …
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30 September
FPIP Plaza construction starts
Lopez-led First Philippine Industrial Park (FPIP) has started construction of a multifunctional retail and office facility in Batangas. FPIP Plaza is envisioned to house various retail establishments, restaurants, service centers, corporate offices, and government offices in its 600-hectare property in Sto. Tomas, Batangas. FPIP Chief Commercial Officer Jose Valentin Pantangco said the plaza aims to open more employment opportunities, adding …
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30 September
Western Visayas faces demand for nearly 500k housing units
The Department of Human Settlements and Urban Development (DHSUD) revealed that Western Visayas needs a total of 495,268 housing units to address the region’s current housing backlogs and future needs. DHSUD-6 director Eva Marie Marfil said that the region’s housing needs represent 7.44 percent of the national housing backlog of 6.5 million units. Of the total, 346,810 come from the …
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30 September
MPT South increases CAPEX to boost road project connectivity
Metro Pacific Tollways South (MPT South) is allocating P14 billion in capital expenditures (CAPEX) for 2025, an increase from last year’s P8 billion. The funds will primarily be used to complete road segments that are still under construction. MPT South Vice President Elnora Rumawak said the company needs to finish the projects by 2025 despite challenges such as right-of-way issues …
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30 September
CREBA to hold national convention in October
The Chamber of Real Estate and Builders’ Association Inc. (Creba) will hold a national convention next month in Clark, Pampanga its effort to realize its vision of “A Home for Every Filipino”. Creba National President Noel Cariño said the national convention slated from October 16 to 18, 2024, at Hilton Hotel Clark Freeport Zone in Pampanga, is expected to draw …
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30 September
BSP announces more rate cuts possible this year
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. indicated that more interest rate cuts are “possible” for the remainder of the year. “We have a policy meeting in October and another in December. So, a 25-basis-point cut in each meeting is possible, in principle,” Remolona said on the sidelines of a forum at the Asian Development Bank (ADB) last …
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30 September
PSA, GoTyme Bank sign accord promoting financial inclusion
The Philippine Statistics Authority (PSA) has entered into a partnership with GoTyme Bank Corporation to implement a co-location strategy for mobile registration activities under the National ID system. In a statement released on Thursday, the PSA announced that the agreement was formalized on September 10 at its headquarters on East Avenue, Quezon City. The partnership aims to promote greater financial …
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