The Market Monitor Minding the Nation's Business

Yuchengco-controlled uni­versal bank Rizal Commer­cial Banking Corp. posted an unaudited consolidated net income of P1 billion for the first quarter.

Investment in infrastructure will remain a priority of the Asian Development Bank (ADB) as the bank prepares a new long-term strategy to respond to rapid regional changes, said ADB presi­dent Takehiko Nakao at the 50th Annual Meeting of ADB’s Board of Governors held recently in Yokohama, Japan.

Transportation Secretary Arthur Tugade presented to an international audience the Philippines’ airport development plan that aims to accelerate poverty re­duction and transform the country to be among the larg­est economies in the world by 2022.

The Quezon City government continues to increase the delivery of basic health care programs and services to city residents by building more health infrastructure facilities.

Ayala Land Inc. (ALI) registered robust financial results, with the company earning a net income of P5.56 billion in the first quarter of the year, 18 percent higher than the P4.71 billion it posted in the first three months of 2016. Its sustained income growth is expected to contribute to the achievement of the company’s P40 billion net income target …

The Australian government will provide the Philippines with about AUD 85 million or P3.12 billion in official development as­sistance (ODA) for 2017-2018.

We watched on TV last week the turn over ceremonies at the Department of Environ­ment and Natural Resources (DENR) and couldn’t help but feel a twinge of regret at the loss of this fine woman for the country and for our environment.

Swans, for me, would have remained the im­ages I conjured from art and literature—ear­ly on in the fairy tale, “Ugly Duckling”, and later, “Swan Lake”, the ballet (my first at the CCP in the 70’s with Rus­sian prima ballerina, Maya Plisetskaya)—if a friend and I hadn’t chanced upon a herd by the entrance of Stanley Park on my first visit …

The “war” among shopping malls in Cagayan de Oro City (CDO), which is the trading capital of Northern Mindanao, intensified with the recent opening of the 15.2-hectare Shoe Mart (SM) in the city’s downtown area along Claro M. Recto Avenue.

By Jesse C. Ong  Chooks to Go, a fast-growing chain of stores selling roasted chicken and processed meat, is looking to get more seriously involved in Philippine basketball.