The Market Monitor Minding the Nation's Business

By Luis Leoncio  The House of Representatives approved on third and final reading the proposed Tax Reform and Acceleration and Inclusion Act (TRAIN) after President Duterte declared it as an urgent measure that’s crucial to his administration’s massive expenditure program. 

The Bangko Sentral ng Pilipinas (BSP) noted a rise in spurious bank transactions involving North Korea, as it called on banks and other BSP-supervised institutions (BSFIs) to be vigilant on financial transactions involving the East Asian nation, and individuals and entities connected to it. 

The eighth International Infrastructure Investment and Construction Forum was held recently in China’s Macao Special Administrative Region with the aim of promoting global infrastructure development with sustainability and innovation. 

Yang Jilin stands in front of a modern machine on the third floor of the village office and types his name to check if the government subsidies have been allocated. 

An initiative of the Beijing Municipal Commission of Tourism Development, Charming Beijing: A Beijing Tourism Fair was recently held at SM by the Bay. 

China’s Ningxia province will leave no stone unturned to integrate itself further into Belt and Road Initiative through China-Arab States Expo 2017 which the China’s autonomous region will host on Sept. 6-9 this year. 

Great things can start from humble beginnings, they say. In the case of four sisters from Barangay Parang-Parang, Orani town, Bataan province, it all started with polvoron. 

The Philippine Exporters Confederation, Inc. (Philexport) welcomed the implementation of an “enhanced VAT refund system” for export sales as proposed in the Lower House-approved comprehensive tax reform package. 

Asian conglomerate San Miguel Corp. (SMC) officially inaugurated its 7.7-km elevated NAIA Expressway Phase II project (NAIAx), which is currently providing ease of access to and from the country’s busiest gateway, during a late night ceremony onsite that saw the government’s economic managers touting its thrust to further build on the country’s gains via its “Build, Build, Build” program. 

Listed budget airline Cebu Pacific (CEB) saw passenger growth bounce back in April, as summer went into full swing and on the back of the traditional Lenten break and four-day long Labor-Day weekend.