The Market Monitor Minding the Nation's Business

The Bureau of Immigration (BI) on Wednesday called for the investigation of syndicates behind the issuance of Philippine passports and other identification documents to illegal aliens.

The Philippine peso recovered against the US dollar Thursday but the Philippine Stock Exchange index (PSEi) weakened after a lower-than-expected growth of the domestic economy in the second quarter this year.

The U.S. Department of Homeland Security (DHS) has lifted the public notice on its security concerns at the Ninoy Aquino International Airport (Naia).

Socioeconomic Planning Secretary Ernesto Pernia on Thursday called for the fast-tracking of infrastructure projects and passage of investment-oriented laws after the economy expanded at a slower pace of 5.5 percent in the second quarter.

Officials of state-owned Land Bank of the Philippines (Landbank) are targeting to grow agriculture-focused loans by 15 percent annually to help about three million farmers by the end of the Duterte administration in 2022.

Six officials of the Philippine Coast Guard and Maritime Industry Authority were relieved from their posts following the recent tragedies at sea in the Iloilo Strait that killed 31 people.

Ride-sharing app provider Angkas called for Skyway O&M Corp. (SOMCo) to clarify its move to prohibit sub-400cc motorcycles to ply along Osmeña Highway, which took effect on July 22, as it is deemed uncoordinated with proper authorities and beyond its mandate of operating and maintaining toll roads under the South Metro Manila Skyway Project (SMMS).

British Airways canceled more than 100 flights to and from London airports and delayed many others August 7 after its check-in systems were hit by computer problems, stranding about 20,000 passengers.

License plates for vehicles registered before the start of the Duterte administration will be issued by mid- 2020.

President Rodrigo Duterte on Tuesday said Chinese Vice President Wang Qishan will be accompanying him to watch a Gilas Pilipinas game in the 2019 FIBA World Cup in China.