The Market Monitor Minding the Nation's Business
The Philippines ranked lowest among 58 countries in an international assessment for mathematics and science for Grade 4 students.
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December, 2020
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15 December
Holidays boost confidence among consumers, firms
Relaxing quarantine restrictions and the projected high consumer demand during the Christmas season are fueling business optimism for the rest of 2020 while consumers’ pessimism for next year gets diminished. Several Bangko Sentral ng Pilipinas (BSP) surveys indicated that businesses and consumers are starting to be more confident in the final 3 months, going into the first quarter of 2021. …
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15 December
Philippine economy to shrink 8.5% in 2020 – ADB
The Asian Development Bank is projecting the Philippine economy to shrink 8.5% in 2020 due to the impact of a protracted pandemic.
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15 December
Megawide to rehabilitate NAIA
Developer Megawide Construction Corporation, under the leadership of its CEO Ed Saavedra, hopes to duplicate its showcase achievement in building the Mactan-Cebu International Airport (MCIA), this time for the Ninoy Aquino International Airport (NAIA), the country’s main gateway.
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15 December
US billionaires’ fortune soars during pandemic
America’s billionaires have seen their wealth rise by more than $1 trillion since the start of the COVID-19 pandemic, according to a recent study, fueling debate about higher taxes on the rich.
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15 December
Baltic Container Terminal builds intermodal rail facility
Baltic Container Terminal (BCT) in Gdynia, Poland has joined the EU-backed COMODALCE project, designed to take intermodal rail operations to a new, higher level. Participation in the COMODALCE initiative is the latest in a series of measures implemented by BCT that have combined to lift intermodal rail traffic to account for 30 per cent of BCT’s annual container throughput. BCT …
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15 December
Coca-Cola appoints Filipino country president to lead Philippine business unit
Global beverage company appoints Tony Del Rosario as president of Coca-Cola Philippines After 108 years of being in the country and almost three decades since the business was led by a Filipino, the global beverage brand recently announced homegrown and returning Filipino talent, Tony Del Rosario as the next president for Coca-Cola Philippines, and vice-president of franchise operations for Coca-Cola …
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15 December
Resort slammed for insensitive treatment to autistic child
A recent incident at a Cebu resort that absolved itself of any wrongdoing for its handling of a mother and her autistic child should give focus on the need for disability sensitivity training in various establishments, according to Autism Society Philippines. Mai Pages, mother of a child with special needs, posted on TripAdvisor her experience at Plantation Bay Resort and …
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15 December
Bohol reopens for leisure travel
Bohol is now open for leisure travel in time for the Christmas holidays, according to Tourism Secretary Bernadette Romulo Puyat. “Bohol will be open for leisure travel, even those coming from GCQ [general community quarantine] areas,” such as Metro Manila, she said.
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15 December
DOT’s ‘Have a Safe Trip, Pinas’ campaign promotes safe travels
After the Philippines gradually reopened several tourist destinations, the Department of Tourism (DOT) launched a new travel video dubbed Have a Safe Trip, Pinas – showing the advent of tourism under the new normal. Images of a typical out-of-town trip—partaking in tourism activities, lounging by scenic spots, al fresco dining in the moonlight—are combined with scenes of face masks and …
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