The Market Monitor Minding the Nation's Business

Listed restaurant chained Shakey’s Pizza Asia Ventures Inc. (PIZZA) posted a net income of P760 million for last year buoyed by stronger sales, an expanded store network, and improved profitability. 

Top food canner Century Pacific Food Inc. (CNPF) reported a full-year consolidated net income of P2.66 billion in 2016, which was a 37 percent increase from a year ago on the back of continued revenue growth and the consolidation of its recently acquired coconut subsidiary. 

Local steel maker SteelAsia and its chief executive officer Benjamin Yao have been named finalists in the two top categories of the prestigious Platts Global Metals Awards. 

Senate President Aquilino “Koko” Pimentel III filed a counterpart measure to the Duterte administration’s pending tax reform bill in the House of Representatives as he underscored the importance of implementing tax policy and administration reforms meant to raise sufficient revenues for the government’s unprecedented public investment program, while at the same time plugging value added tax (VAT) leakages he estimated …

By Riza Lozada  State pension fund Government Service Insurance System (GSIS) has a new chairman in Dr. Francisco Duque III, former chairman of the Civil Service Commission (CSC). His term started after ceremonies held at the GSIS Head Office in Pasay City. 

The state-run Social Security System will seek the help of Congress to implement the mandatory coverage of Overseas Filipino Workers (OFWs) following its goal to expand its members’ coverage, while providing security protection for the country’s new heroes. 

With several tax reform packages now in the offing, tax seems to be on everyone’s mind. Not for Aling Lina though, the woman who sells fried plantains daily at the street corner. She practically works the whole day, whether attending to household chores, or earning a living that on good days brings in barely P200 a day. Besides, Lina said …

At least 5,000 overseas Filipino workers (OFW), mostly employed by construction companies in Saudi Arabia, but have not been paid of their salaries and currently stranded at various cities in the Kingdom of Saudi Arabia (KSA), will be repatriated by the Department of Labor and Employment (DOLE). 

The Maynilad Water Services Inc. (Maynilad) is constructing six new Sewage Treatment Plants (STPs) in various parts of its West concession area to expedite the provision of sewerage and sanitation services for its customers. 

Movement of vehicles along Quezon Avenue – east bound will significantly improve with the opening of two additional vehicular lanes on top of a completed P87.69 million flood control structure.