The Market Monitor Minding the Nation's Business

There is no worry in the peso value despite its nearly 11-year low close to a greenback last Thursday when it finished at 50.67 per $1 from 50.60 a day ago and already near its 50.73 record close on Sept.1, 2006, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said.

By Riza Lozada  The Asian Development Bank (ADB) is ready to assist the government to deliver on its ambitious Build, Build, Build infrastructure program, including a $100 million loan to fast track priority projects in transport and water system management, ADB President Takehiko Nakao said. 

Iligan City – Some of 5,000 families displaced by the ongoing armed conflict in Marawi City received much-needed provisions from state gaming firm Philippine Amusement and Gaming Corp. (PAGCOR). 

By Gia Catimbang  The government must take into account off-the-radar information such as the value of smuggled goods in its statistics to have a full picture of the economic situation, former Customs Commissioner Ruffy Biazon said in the recent Kapihan Sa Manila Hotel forum. 

Soldiers—many of them in their 20s to early 30s– are rushed daily to V. Luna Medical Center from Marawi, wounded from shrapnel, snipers, mortars, IEDs and even land mines but their spirits are high and they are determined to even the score with the enemies. 

Member agencies of Task Force “Bangon Marawi” met last Friday to discuss the various recovery plans for the war-torn city. 

The government targets 2020 for its plan to issue a national ID system in a bid to further improve the delivery of services and ensure that recipients of state financial aids will securely receive it. 

Listed miner Philex Mining Corp. has allotted more than P400 million to fund various projects under its Social Development Management Program (SDMP) over the last five years, according to the company’s 2016 Annual Report. 

The Manila International Container Terminal (MICT), the flagship operation of global port operator International Container Terminal Services Inc. (ICTSI) achieved record volume and productivity with its first year-to-date two million twenty-foot equivalent unit (TEU) volume of cargos moved last December.

Local fast food giant Jollibee recently opened its 1000th store at BGC Triangle Drive in Taguig City.