The Market Monitor Minding the Nation's Business

President Duterte said the Philip­pines is on track for an unparal­leled trajectory of growth as he highlighted the gains of his re­cent attendance at the Asia-Pacific Eco­nomic Cooperation (Apec) Economic Leaders’ meeting in Peru.

The Asian Development Bank (ADB) and the Department of Foreign Affairs (DFA) recent­ly launched a photo exhibit to commemorate a 50-year partnership that started when ADB’s headquarters was es­tablished in Manila, and which has since played a critical role in the region’s development.’

Pure fiber optic cables are the better choice to achieve faster speed and higher bandwidth for data transmission neces­sary for business productivity, technology firm Converge ICT said.

Communications gi­ant Globe Telecom is seeking govern­ment help in its bid to speed up the installation of more cell sites in the country as consumer demand for mo­bile data rises.

Diversified Ayala Corp. (AC) fully redeemed P10 billion of its 5.45 percent bonds due on 2019 to fulfill call option on the debt instruments.

Global port operator Inter­national Container Terminal Services Inc. (ICTSI) is com­mited to developing, man­aging and operating ports in Kenya and East Africa in general, Jacob Gulmann, ICTSI Business Develop­ment Director, said.

By Riza Lozada Monetary offi­cials plan to re­store regulatory incentives for bank mergers and acqui­sitions (M&A) to further strengthen the banking in­dustry, BSP Deputy Gover­nor Nestor Espenilla Jr. said.

The House committee on Banks and Financial Intermediaries has passed the proposal to amend the charter of the Bangko Sen­tral ng Pilipinas (BSP).

The Department of Finance (DOF) recently released its Peo­ple’s Freedom of Information (FOI) manual in keeping with the people’s constitutional right to information and the govern­ment’s policy of full disclosure of its transactions involving public interest, subject to reasonable conditions prescribed by law.

International payments service firm Visa has hosted its first-ever Financial Literacy Day for students in Manila, in cooperation with Teach for the Philippines (TFP) and the Money Museum at Bang­ko Sentral ng Pilipinas.