The Market Monitor Minding the Nation's Business

The IMF could provide policy advice, financial support as well as capacity building for the Belt and Road Initiative, International Monetary Fund managing director Christine Lagarde said. 

The country’s recent hosting of the 30th Summit of the Association of Southeast Asian Nations (Asean) last April 26 to 29 at the Philippine International Convention Center (PICC) in Manila tackled a community vision that will guide the ten member-states to becoming a truly inclusive and stronger region in the next decade. 

China and the Philippines has agreed on the establishment of a biannual bilateral consultation mechanism (BCM) on the South China Sea. 

The completion of the draft of the framework of the Code of Conduct (COC) for the South China Sea territorial disputes is a way forward in attaining peace and stability in the Asian region, Ambassador to China Jose Santiago Sta. Romana said. 

The China-proposed Belt and Road Initiative (BRI) will help boost global trade in the long term, said a Peruvian expert. 

SM Foundation, the socio-development organization of the SM Group of Companies, was awarded the Silver Anvil Award by the Public Relations Society of the Philippines during its 52nd Anvil Awards Night. 

By Riza Lozada  The Securities and Exchange Commission (SEC) has suspended 104 erring lending companies in the first four months of 2017, and will revoke the primary licenses of those on this list that fail to have their suspension orders lifted by May 22. 

Cement firm Eagle Cement Corp. priced the initial public offer (IPO) of its shares at P15 each. 

Broadcast giant ABS-CBN Corp. reported P9.6 billion in consolidated revenue for the first three months as consumer sales grew by 10 percent to P4.7 billion while its first quarter airtime revenues were 13 percent lower compared to the same period last year. 

Home-grown hydropower generation company, Hedcor Inc., was recognized as ‘Employer of the Year’ at the Kapatiran sa Industriya (Kapatid) Awards by the Employers Confederation of the Philippines.