The Market Monitor Minding the Nation's Business

Beleaguered local cigarette manufacturer Mighty Corp. (MC) has asked the Bureau of Customs (BOC) to lift the suspension of its accreditation issued last week.

Davao City—The Australian government has approved additional funds amounting to 40 million Australian dollar (P2 billion) for peace initiatives in the Philippines.

While the nation debates whether to prioritize economic growth or environmental sustainability, a company is proving that solar energy is already cheaper than coal.

Multilateral financing agency World Bank (WB) recently approved the funding for the Philippines’ first bus rapid transit (BRT) project.

The Philippine Stock Exchange Inc. (PSE) recently participated in the global “Ring the Bell for Gender Equality” initiative in celebration of the International Women’s Day. Over 40 stock exchanges worldwide took part in this event, which is now on its third year.

By Riza Lozada Conglomerate LT Group Inc. (LTG) booked a 42-percent increase in profit in 2016, driven mainly by banking, tobacco and beverage businesses with a net income of P9.39 billion last year from P6.6 billion in 2015.

Food manufacturer Del Monte Pacific Limited (Del Mon­te) will conduct a primary offer of up to 15 million preferred shares and up to 10 million in oversubscription option scheduled for listing at the local bourse in April.

International Container Terminal Services Inc.’s (ICTSI) implementation and multi-stakeholder engagement of the 1-Stop Terminal Appointment Booking System (TABS) at the Manila International Container Terminal (MICT) was adjudged the best public relations (PR) program by the Public Relations Society of the Philippines (PRSP).

Listed conglomerate DMCI Holdings Inc. reported a flat core net income for last year of P12.1 billion from P12.3 billion a year ago.

The next central bank head should have a good understanding of the Bangko Sentral ng Pilipinas (BSP) governor’s job, patience and a knowledge of how to work with the BSP which are the top three characters the next BSP chief must have, BSP Governor Amando Tetangco Jr. said.