The Market Monitor Minding the Nation's Business

British bank Standard Chartered has offered to help convert the state-owned Development Bank of the Philippines (DBP) into the government’s infrastructure bank. 

The Bangko Sentral ng Pilipinas (BSP) is consulting the banking sector on a plan to issue new rules regarding online financial transactions next month. 

By Riza Lozada Filipinos working abroad can look forward to having a bank dedicated to their needs and a chance to invest in government securities as the Department of Finance (DOF) said a state-owned OFW bank will open in October while at least $500 million worth of US-dollar OFW bonds is being planned for overseas issue next year. 

The Bangko Sentral ng Pilipinas (BSP) has launched Credit Surety Funds (CSFs) in Tacloban City and Mandaue City. 

A Commission on Audit (COA) report released this week showed that delays in the completion of the Housing and Urban Development Coordinating Council’s (HUDCC) survey projects have deprived the intended housing beneficiaries of these projects’ benefits. 

Senator Sherwin Gatchalian has filed a resolution urging the government to begin making an assessment report on the damage suffered by Marawi City and its residents as a result of the conflict and start preparing a recovery plan to help residents bounce back as soon as it ends. 

The Public-Private Partnership (PPP) Center reported that all infrastructure projects awarded to private partners are in various stages of construction. 

The Department of Trade and Industry-Construction Industry Authority of the Philippines (DTI-CIAP) thru its human resource development arm; the Construction Manpower Development Foundation (CMDF) will be launching the Enhanced Construction Managers’ Training and Certification Program (ECOMTCP) within 2017 to lead infrastructure developments in the Philippines with capable project managers. 

The Department of Public Works and Highways (DPWH) is embarking on a multi-million infrastructure project that will increase mobility within the Cagayan area. 

We are all for improving the quality of internet service in our country considering that it has one of, if not the slowest internet speed service in the world.