The Market Monitor Minding the Nation's Business

By Luis Leoncio The Mining Industry Coordinating Council (MICC) has started a “fact-finding and science-based” review of mining operations across the country for the first time since the inception of this multisectoral oversight body five years ago, Finance Secretary Carlos Dominguez III said.

Subic Bay International Terminal Corp. (SBITC), a unit of International Container Terminal Services Inc. (ICTSI), operating the container terminals of the Subic Bay Freeport, supports the waiver of the $200 or P10,000 accreditation fee by the Subic Bay Metropolitan Authority (SBMA) for new logistics firms that will transact and do business at the Freeport.

The Management Association of the Philippines (MAP) chose tycoon John Gokongwei Jr., founder and chairan emeritus of JG Summit Holdings Inc. as MAP Management Man of the Year 2017.

The first Philippine Aviation Day – put together by the Air Carriers Association of the Philippines (ACAP) – gathered key aviation stakeholders who saw the opportunity for local aviation to gain from the ongoing regional air travel boom.

The International Air Transport Association (IATA) warned the Philippines against “excessively onerous” aviation regulations that would hamper growth in the aviation sector and consequently hurt passengers.

Cebu Pacific is deferring plans to fly to Honolulu and the US mainland to focus on the growing domestic and regional demand.

Local oil refiner Petron Corp. has filed a case against state-owned Philippine National Oil Company (PNOC) for breach of a binding and compulsory sale-leaseback contract, saying such act threatens to hurt not only Petron’s operations and its shareholders but the broader economy that relies on its petroleum products.

Phoenix Petroleum Philippines Inc. recently signed a memorandum of understanding to acquire Philippine FamilyMart (PFM), the third largest convenience store brand in the country.

By Riza Lozada Association of Southeast Asian Nations (Asean) micro, small and medium enterprises (MSMEs) play an important role in linking up with multinational enterprises (MNEs) and propelling economic growth of the regional block, Trade and Industry Secretary and Board of Investments (BOI) Chairman Ramon Lopez said.

Global port operator International Container Terminal Services Inc. (ICTSI) has, since last year, rolled out a new employee rewards program by raffling off new house and lot units to qualified employees of its flagship, Manila International Container Terminal (MICT) in the Philippines.