The Market Monitor Minding the Nation's Business

First Metro Philippine Exchange Trade Fund Inc. (FMETF) will re­lease an additional P1 billion in Exchange-Traded-Fund (ETF), company executives said.

SM Investments Corp. (SMIC) will exercise its option for the purchase of P5 billion oversubcription on its issuance of the Se­ries G Bond that will bring to P20 billion the bonds it recently issued.

Manila Water Philippine Ven­tures Inc. (MWPV) and SM Prime Holdings Inc. entered into a memorandum of agreement (MOA) for water delivery services and facilities.

The Philippines, which is considered among the vulnerable coun­tries for rapid shift climate due to global warm­ing, can tap into $100 billion or P4.8 trillion a year in fund­ing for climate action proj­ects that multilateral funding agencies seek to put up under the United Nations’ Green Climate Fund (UNGCF).

Executives of the Philippines and Pakistan seek to broaden and diversify economic ties of both countries through enhanced co­operation in the fields of agricul­ture, defense, information tech­nology (IT) and pharmaceuticals.

UnionBank of the Philippines (UnionBank) has tapped infor­mation technology firm Voyager Innovations’ Takatack Rewards digital incentive system for the bank’s employees, in line with its efforts for digital transformation.

Online security threats in the aftermath of the high-profile cybertheft of $81 million from the Bangladesh Bank have been rising in the Asia-Pacific region, cybersecurity firm Fortinet has said.

The Philippines is a couple of decades behind its neighbors with regard to infrastructure, Finance Secretary Carlos Dominguez III said during a business forum held recently in Makati City.

The Department of Trade and Industry (DTI) and the De­partment of Public Works and Highways (DPWH) have signed a Memorandum of Agreement to create a Con­vergence Program on road connectivity for industry and trade development.

The Construction Industry Authority of the Philippines (CIAP) has urged members of the Philippine Constructors Association (PCA) to exercise prudence and professionalism to preserve the integrity of the construc­tion industry.