The Market Monitor Minding the Nation's Business

By Luis Leoncio Economic managers and other Cabinet officials were ordered by President Duterte to hasten spending or else lose their jobs.

Investments inflow remain healthy despite the warning of Sen. Franklin Drilon during a Senate hearing over a 90.3 percent drop in inew investments on which he based his serious concerns “over the capability of the government to attract new foreign investments.”

The government through the Board of Investments (BOI) of the Department of Trade and Industry (DTI) recently presented to global port operator International Container Terminal Services Inc. (ICTSI) the 2017 Guinogulan Award for Large Enterprises for its huge contribution to the country’s economic growth.

Funding will not be a problem in the rehabilitation of Marawi City, which was recently declared liberated from the clutches of pro-Islamic State (IS) groups, as government had prepared for the reconstruction effort while several countries have committed to provide aid, Budget Secretary Benjamin Diokno said.

By Riza Lozada The Philippines is spearheading the effort of the Association of Southeast Asian Nations (Asean) to improve catastrophic reinsurance initiatives that will help communities across the region recover faster from the impact of natural disasters and other adverse effects of climate change.

President Duterte expressed zero tolerance for corrupt public officials and tax-evading businessmen who are shortchanging the Filipino public.

Three air carriers from mainland China are scheduled to launch within October regular flights directly to Cebu, according to GMR Megawide Cebu Airport Corporation (GMCAC), developer of the Mactan-Cebu International Airport (MCIA).

The Ninoy Aquino International Airport (NAIA) is no longer listed among the world’s worst airports.

Local public utility vehicle (PUV) manufacturers will be provided incentives to increase their competitiveness in keeping with government plans to modernize the transportation sector, a Cabinet official said.

The Department of Transportation (DOTr) is looking for support among various stakeholders for the government’s public utility vehicle modernization program in the aftermath of the recent two-day nationwide jeepney strike.