The Market Monitor Minding the Nation's Business

The Filipino-Chinese community in Baguio City celebrated the friendship day of both nations last June 9 with a gift-giving activity and the donation of the development at the Fil-Chi Friendship Park of the Botanical Garden. 

By Riza Lozada Listed companies had a combined net income of P683 billion in 2016, higher by 17.8 percent from P580.15 billion in 2015 as a result of improved business operations and lower costs, Philippine Stock Exchange (PSE) data showed. 

After an absence of three years, flag carrier Philippine Airlines (PAL) resumed daily services to Kuala Lumpur, Malaysia on June 8. 

Georgian ports need to improve their services and logistical connectivity to maintain the country’s position as a key transit corridor for the Caucasus, Jacob Gulmann, ICTSI Europe, Middle East and Africa Business Development Director, said during his presentation at the 6th Black Sea Ports Conference and Exhibit held last May 18 to 19 at the Sheraton Batumi Hotel in Adjara, …

The Insurance Commission (IC) is considering to place troubled pre-need firm Provident Plans International Corp. under rehabilitation unless it shows effort to improve its finances. 

Top lender BDO Unibank has extended and expanded its partnership with international financial technology provider Fiserv Inc. 

By Riza Lozada The government is receiving higher shares from state firms and agencies as three government-owned and controlled corporations (GOCCs) remitted recently a total of P4.54 billion to the National Treasury. 

The Bangko Sentral ng Pilipinas campaign on the demonetization of the old banknote series was selected as one of the three finalists under the category Best Communications Program in the 2017 Excellence in Currency Awards of the International Association of Currency Affairs (IACA). 

The Duterte administration’s Comprehensive Tax Reform Program (CTRP) while considered as a tool for overhauling the country’s “outdated” tax system, is also crucial as funding component of the Duterte administration’s bold “Build, Build, Build” program, which will usher in the “Golden Age of Infrastructure,” Budget Secretary Benjamin Diokno said. 

The development of Mindanao’s economy and infrastructure could prove to be the government’s most effective weapons against terrorism and extremism, as bringing jobs and economic opportunities to Mindanao can aid efforts to thwart attempts to radicalize youth in the region.