The Market Monitor Minding the Nation's Business

The Malaysian Chamber of Commerce and Industry (MCCI) has expressed interest in bringing in big manufacturing enterprises in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), tapping the region’s vast workforce to make processed Halal (Islamic) food and rubber products, among others.

Malacañang remains optimistic in meeting its macroeconomic targets amid the lower-below-expected Gross Domestic Product (GDP) in the second quarter of the year.

The Bureau of Internal Revenue (BIR) has collected an initial P186 million in withholding taxes from Philippine Offshore Gaming Operators (POGOs) and is getting another P170 million this month in tax payments from these businesses employing foreign nationals.

With global growth likely to remain sluggish for the remainder of 2019, the government must exert all efforts in boosting domestic demand and exports’ competitiveness to improve the Philippines’ trade performance, the National Economic and Development Authority (NEDA) said.

Ayala Land Inc. (ALI) recorded a 12% increase in net income to P15.2 billion in the first six months of 2019 while total revenues increased by 4% to P83.2 billion during the period.

Not only is Iza Calzado the senior among the bunch of these young beauties in local tinsel town she’s also the most independent of them all.

SAP recently supports BP Waterworks Inc., an ISO-certified private water service provider, to strengthen its financial information systems and achieve significant gains in providing accurate, insightful, and timely information to the organization’s decision-makers and to keep pace with the growing demands of serving and nurturing a growing portfolio of consumers nationwide.

The City of Manila has recognized global port operator International Container Terminal Services, Inc. (ICTSI) and subsidiary Manila North Harbour Port, Inc. (NorthPort) as among the city’s top business taxpayers for fiscal year 2018.

The Land Transportation Office (LTO) announced on Friday that beginning Thursday next week (August 15), motorists who have paid the Radio Frequency Identification (RFID) fees from August 1, 2009, to January 15, 2010, will be given refunds from their local LTO offices.

Finance Secretary Carlos Dominguez III said the growth of 5.5 percent in the second quarter was not an unexpected result given the residual effects of the four-months-and-a-half delay in the passage of the 2019 national budget by the House of Representatives.