The Market Monitor Minding the Nation's Business

After three years, Terminal 2 of the Mactan-Cebu International Airport (MCIA), billed as a “resort airport,” was inaugurated by GMR-Megawide Cebu Airport Corp. (GMCAC) with President Rodrigo Duterte as guest.

The Department of Public Works and Highways (DPWH) is evaluating the P24 billion proposal of San Miguel Corp. (SMC) to extend the Tarlac-Pangasinan-La Union Expressway (TPLEX) by 54-kilometers from Rosario to San Juan, La Union.

Futsal is gaining popularity in the country and could expect further boost with the growing number of playing facilities in the cities.

Stallion Laguna was the second club to announce its PFL mid-season transfer window signings by baring that it acquired the services of Pao Bugas and OJ and Gino Clarino.

Eight young footballers will represent the Philippines in this year’s Allianz Junior Football Camp (AJFC) in Bangkok, Thailand.

Now that the NBA season has finally ended, a lot of questions have been answered but still with a major one unanswered.

Republic Act 7832 (Anti-Electricity and Electric Transmission Lines/Materials Pilferage Act of 1994) recognized that not all systems loss ought to be borne by the power distributors. It is for this reason that RA 7832 made it state policy to impose a cap or ceiling on how much systems losses can be recovered from consumers.

Moody’s Investors Service says that tax reforms in developing Asia Pacific economies will help address the narrowness of revenue bases in some countries, but that many governments still face structural barriers to broadening these bases.”

A spike in rice prices because of alleged lack of supply, a weak peso, rising oil prices abroad, better tax compliance of local cigarettes, and growing consumer demand accounted for the bulk of the 4.5 percent inflation in April.”

Subnational regions should be at the forefront of Philippine development as the government implements its massive infrastructure program throughout the country in line with the National Spatial Strategy, the National Economic and Development Authority (Neda) said.