The Market Monitor Minding the Nation's Business

The government cited the substantial inroads made by the Association of Southeast Asian Nations (Asean) on a wide range of initiatives aimed at establishing a seamless financial system across the region.

International Container Terminal Services Inc.’s (ICTSI) Victoria International Container Terminal (VICT) at the Port of Melbourne, Australia is the first fully automated international container handling facility in the world.

Globe Telecom has launched the $250-million Southeast Asia-United States (SEA-US) submarine cable system, providing direct links between Davao City and the United States that further enhance Internet connectivity in the country. Globe President and CEO Ernest Cu said the initiative was part of the company’s efforts to connect more homes and businesses to high speed Internet across the country. “It …

Global port operator International Container Terminal Services Inc. (ICTSI) reported unaudited consolidated financial results for the first half of the year with revenue from port operations of $603.7 million (P30.15 billion), an increase of 10 percent from the $550.8 million (P27.54 billion) reported for the first six months of 2016.

By Riza Lozada The heated verbal exchanges between officials of the United States and North Korea over missile launches continue to make investors jittery, resulting in another weakness for both the Philippine peso and the stock market.

Businessman Andrew Tan’s flagship Megaworld Corp. reported its profit rose 11 percent to P6.69 billion in the first six months from P6.03 billion a year ago.

Bloomberry Resorts Corp. posted P4.11 billion net profit in the first semester, its highest for this year.

Apex Mining Co Inc. recently bolted the Chamber of Mines of the Philippines (COMP) which is the influential umbrella group of local miners.

Listed conglomerate JG Summit Holdings Inc. reported a consolidated core net income of P15.95 billion in the first half of 2017, slightly lower than the P15.99 billion a year ago.

By Riza Lozada The government paid P378.37 billion in debts in the first half, which was 25.5 percent lower than a year ago due to lower amortization and interest payments.