The Market Monitor Minding the Nation's Business

Toyota Motor Philippines Corp. (TMP) is investing at least P5.2 billion in the government’s CARS (Comprehensive Automotive Resurgence Strategy) program, saying such investment will help advance Philippine manufacturing.

Online Filipino consumers are far more trusting than those others countries in the region when it comes to their activities, according to Kantar TNS’s latest Connected Life research.

The Metrobank Foundation Inc. (MBFI) announced last September 23 the expansion of its art thrust to educating people on cultural heritage.

By Riza Lozada Local startup firms eyes entering new foreign markets in the next three to five years, according to the Philippine Startup Survey of Isla Lipana & Co./PwC Philippines and QBO Innovation Hub.

International remittance service firm Western Union recently expanded its national retail network in the Philippines with the addition of 1,200 new agent locations.

The government is exploring a grant from the United States to put up the country’s first tax academy, which will serve as a training institution that will provide revenue officials and employees continuing professional education on improving tax collection competence and efficiency.

By Riza Lozada State-owned Development Bank of the Philippines (DBP) was named small and medium enterprises (SME) Bank of the Year in the The Asian Banker – Philippine Country Awards for 2017 during ceremonies held last October 6, at the Fairmont Hotel in Makati City. The awards ceremony was held in conjunction with the region’s most prestigious retail banking event, …

Logistics firm Lalamove, which has been marking strong growth in Southeast Asia and China, with a strong presence in Manila, has recently completed its latest $100M (P5 billion) Series C funding round.

Listed lender Security Bank Corp (SBC), the country’s fifth largest private bank in terms of assets and capital as of June 30, has launched its initial tranche of long term certificates of deposit (CDs) last October 17 in line with the Bangko Sentral ng Pilipinas’ (BSP) approval to issue CDs dated October 5.

When President Rodrigo Duterte told striking jeepney drivers and operators “Magtiis kayo sa hirap at gutom” (Bear poverty and hunger), he could be as well speaking to all poor Filipinos who struggle with ever-rising cost of electricity, water and other basic necessities.