The Market Monitor Minding the Nation's Business

Fuel distributor Phoenix Pe­troleum Philippines Inc. (PNX) has tapped Globe Business, the corporate information and communications technolo­gy arm of Globe Telecom, for the use of G Suite to maximize business efficiency.

Ayala Corp. unit AC Energy Holdings Inc. (AC Energy) signed investment agree­ments with UPC Renewables Indonesia Ltd for the develop­ment, construction, and oper­ation of a 75-megawatt (MW) wind farm project in Sidrap, South Sulawesi, Indonesia.

The Asian Develop­ment Bank’s (ADB) operations that in­cluded approvals of loans and grants, techni­cal assistance, and cofinanc­ing reached an all-time high of $27.15 billion in 2015, a 19 percent increase over the $22.89 billion in 2014, accord­ing to ADB figures.

Domestic liquidity or M3 is expected to remain high following the ban against trust entities from tapping the Bangko Sentral ng Pilipinas’ (BSP) overnight de­posit facilities and the Term Deposit Fa­cility (TDF).

By Riza Lozada Foreign direct investments (FDI) inflow rose to $6.22 billion in the first 10 months of last year, up 22.2 percent from $5.1 billion a year ago, government data released last week showed.

Six foreign banks have indi­cated interest to open local offices, Bangko Sentral ng Pili­pinas (BSP) Governor Amando Tetangco Jr. said.

The Duterte admin­istration’s ambitious program to ramp up investments in in­frastructure is meant not only to improve connectivity and boost economic productivity in the countryside, but also to develop the country’s emer­gency response system and better protect its communities most vulnerable to natural di­sasters.

Pag-IBIG Fund housing loan applicants can now get their loan approval in just 17 days from date of submission of complete requirements and the proceeds of the loan in just 3 days after post-approval compliance.

The House Committee on Housing and Urban Devel­opment is set to pass during the resumption of session next week the various mea­sures which provide further protection for buyers of sub­division and condominium units.

The Japan International Co­operation Agency (JICA) has signed a loan agreement with the Land Bank of the Philippines (LBP) for an ODA loan of up to ¥4.928 billion for Harnessing Agribusi­ness Opportunities through Robust and Vibrant Entre­preneurship Supportive of Peaceful Transformation (Harvest).