The Market Monitor Minding the Nation's Business

The contribution of small and medium enterprises (SMEs) to total world employment has stagnated hurting the global goal to eradicate poverty, the recently released International Labor Organization (ILO) flagship report World Employment and Social Outlook showed.

The Department of Finance (DoF) estimates that government revenues will increase almost P40 billion from excise tax on tobacco products starting in 2018, following the move by Mighty Corp, to settle its tax liabilities and sell its assets to Japan Tobacco Inc. (JTI).

LANDBANK account holders can now pay their taxes through the LANDBANK LinkBiz Portal, an alternative payment channel that allows taxpayers to pay their taxes via the internet.

British billionaire Richard Branson is investing in Hyperloop One, which is developing super high-speed train systems.

Dubai is home to some of the most innovative yet quirky technologies over the years, and its latest one might just be the best yet.

The Philippines has become the second country in Southeast Asia, after Singapore, to accept the use of electronic technical logbooks for its helicopter fleet.

By Justin Bachman Bloomberg—Elon Musk, founder of SpaceX, is forming an airline of sorts, one that pledges to transport people anywhere on Earth in minutes by launching them on a rocket at speeds up to 17,000 mph.

International container port operator International Container Terminal Services, Inc. (ICTSI) posted record productivity at its flagship Manila International Container Terminal (MICT) in the Philippines for August and September with equipment operators achieving their monthly targets.

By Riza Lozada Integrated energy company Semirara Mining and Power Corp. (SMPC) has tripled its first half royalty payments to the Department of Energy (DOE) to P1.69 billion from P575 million a year ago. The surge in government remittances was driven by the SMPC’s increased production and expanding operations. The company is targeting an annual coal production of 16 million …

Property giant Megaworld Corp. will expand its office space inventory by 500,000 square meters to meet strong demand over the next three years owing to the country’s sustained economic growth.