The Market Monitor Minding the Nation's Business

Listed Roxas Holdings Inc. (RHI) reported a consolidated net income of P102 million for its fiscal year ending September, which was 451 percent higher than the P18.5-million profit recorded a year earlier.

By Riza Lozada PAL Holdings, Inc. (PHI) will acquire 100 percent of the total issued and outstanding shares of Zuma Holdings Management Inc., the holding firm of PAL and its affiliate Airline Philippines Corp. (APC), in a transaction valued at P8.2 billion to effectively consolidate the airline business of the Lucio Tan Group.

The government is expected to issue more bonds next year that will reach about P465 billion to address increased funding needs in line with the programmed hike in infrastructure spending, banking giant Hongkong and Shanghai Banking Corp. (HSBC) said in a report.

By Riza Lozada Money supply (M3) has risen 12.8 percent from a year ago in October to P8.9 trillion from a growth of 12.7 in the previous month in line with the sustained growth of the economy despite a slight decline in bank lending.

PayMaya Philippines, formerly Smart eMoney Inc, a pioneer in financial technology services, and its long-standing partner, leading global payments company Mastercard, have renewed agreement to continue the use of PayMaya mobile payment gateway solutions by Mastercard in the global market.

A top-level Spanish delegation which visited Davao City last week has expressed Spain’s support for President Duterte’s 10-point socioeconomic agenda and lauded his ongoing peace initiatives with insurgent groups as well as his strong campaign against illegal drugs.

The government is spending a whopping P860.7 billion on large-scale infrastructure projects next year, which represents 5.4 percent of the country’s Gross Domestic Product (GDP), in keeping with its commitment to disperse growth and create enough jobs for Filipinos, especially in the countryside. 

A hefty part of President Duterte’s unparalleled public investments on his watch will be devoted to infrastructure servicing the tourism industry in keeping with his goal of transforming this sector into one major engine of growth to sustain the Philippines’ momentum as one of Asia’s fastest-growing economies. 

The Department of Public Works and Highways and the Manila North Tollways Corp. (MNTC) signed the concession agreement for the implementation of the North Luzon Expressway-South Luzon Expressway (NLEX-SLEX) Connector Road under the Public-Private Partnership (PPP) project. 

We were asked by at least three respected gentlemen to identify the economic losses of the ongoing investigations into the illegal-drugs trade that seemed to have spread wildly and had interwoven itself deep into the fabric of the government bureaucracy. Indeed, public concern is high and feverish to the point of pandemic alarm and utter nauseating disgust. Congressmen, living up …