The Market Monitor Minding the Nation's Business

The recent gross domestic product (GDP) growth results and the robust projections for the Philippines for several years continue to bolster the Philippines’ reputation as one of the region’s economic tigers.

By Riza Lozada  Union Bank of the Philippines (UnionBank) sees the consumer market as a profit driver this year as a result of the steady growth in the economy. 

Former National Treasurer Roberto Tan was sworn into office as the new president of the Philippine Deposit Insurance Corp. (PDIC) by Finance Secretary Carlos Dominguez at the Department of Finance (DoF) office recently. 

The Asian Development Bank (ADB) reported approving $3.7 billion (P185 billion) in climate finance investments in 2016. 

The Clark Development Corporation (CDC) is set to embark on a new Master Development Plan (MDP) in order to usher in a new business landscape inside the country’s top economic havens. 

The Department of Public Works and Highways (DPWH) opened to traffic two new lanes of the Laguna Lake Highway, formerly known as C-6 Dike Road. 

The Housing and Urban Development Coordinating Council (HUDCC) and the six key shelter agencies (KSAs) under its administrative supervision provided assistance to the typhoon victims as part of the government’s collective immediate response and to help the families recover from the aftermath of Typhoon Nina. 

The Project Development and Monitoring Facility (PDMF) Committee approved the funding for the conduct of feasibility studies and transaction advisory services for the San Ramon Newport Project. 

The Public-Private Partnership Center (PPPC) issued new guidelines that provide information and definition on what constitutes unsolicited proposals with detailed discussion on the requirements and approval process for each stage of the project under this route. 

Protected by vast oceans as well as by a dual-citizenship status where as one who openly desires the downfall of a legitimately elected president, this wealthy person can, indeed, undermine and perhaps even fund the failure of democracy. Empowered by wealth, he can afford to be brazen. Born during the Great Depression in Hungary, once a satellite state of the …