The Market Monitor Minding the Nation's Business

The regulator Metropolitan Waterworks and Sewerage System (MWSS) approved recently a 1.12% increase or a 28-centavo per cubic meter increase in the Foreign Currency Differential Adjustment (FCDA) for the third quarter of this year for East Zone concessionaire Manila Water Co. 

Listed Phoenix Petroleum was named Outstanding Filipino Franchise in Retail-Large Store Category in the 2017 Franchise Excellence Awards (FEA), the second time for the company to receive the prestigious award. 

By Riza Lozada The Sy group-led Banco de Oro Unibank Inc. (BDO) hopes to raise P5 billion through the issue of 5.5-year Long-Term Negotiable Certificates of Deposit (LTNCD) with an indicative interest of of 3.5 to 3.75 percent per annum. 

Oriente and Express Holdings Inc., a Hong Kong-based unit of JG Summit Holdings Inc. (JGSH), through an exclusive partnership, seeks to address the financial exclusion problem of underbanked consumers and local micro, small and medium enterprises (MSMEs). 

State-owned Development Bank of the Philippines (DBP) and the Bases Conversion Development Authority (BCDA) recently signed a memorandum of understanding (MOU) for a partnership in support of the infrastructure buildup targeted under the Duterte administration’s “Build, Build, Build” program. 

The Department of Finance (Dof) has sanctioned an official found to have included her personal expenses in the official costs of a recently-held DOF technical workshop funded by the Asian Development Bank (ADB). 

Strong loans growth boosted Security Bank Corp.’s (SBC) net income in the first half to P5.2 billion from P4.9 billion a year ago. 

The Philippine Iron and Steel Institute (PISI) has asked the Department of Trade and Industry (DTI) Consumer Protection Group (CPG) to immediately launched a regular market monitoring and standards enforcement on steel bars being sold in Leyte and Samar now that rebuilding activities in these earthquake-affected areas are being undertaken. 

Batangas City—Mayor Beverly Dimacuha and Rep. Marvey Marino of Batangas led the groundbreaking recently of the P338-million Calumpang Bridge project, the third in the city that aims to improve the traffic situation in the area. 

The Armed Forces of the Philippines (AFP), in partnership with key government agencies, has started the construction of temporary houses for the thousands of displaced families in Marawi City as part of the early recovery and rehabilitation process. This developed even as fighting has continued in the “battle zone” in the area.