The Market Monitor Minding the Nation's Business

By Luis Leoncio Economic observers have ramped up their growth estimates on the Philippines after the surprise 7.1-percent gross domestic product (GDP) expansion in the third quarter, the first three months under President Duterte’s term.

By Riza Lozada President Duterte has pledged to make use of the summit of the Asian Pacific Economic Forum (Apec) in Peru to get the maximum advantage he could for the Philippines, saying the trip “that would cost the Filipino people should realize economic gains for the country.”

The peso took another beating from the US dollar last Friday as it shed 22 centavos more to end the week at 49.78 from 49.56 a day ago.

The new chairman of the state pension fund Social Security System (SSS) has revived, with some changes, the proposal to stagger the implementation of the long sought-after P2,000 pension increase for SSS retirees without depleting the fund.

Saying business productivity is often tied with the daily caffeine fix of employees, the Berlin-based online office supply company Service Partner ONE has released the 2016 Coffee Price Index, detailing which cities offer the best value coffee worldwide. The research, which took into account 75 cities from 36 countries across the globe, found that Rio de Janeiro in Brazil offers …

Davao City— The creation of the new 2017 slogan for the Department of Tourism (DOT) will cost about P650 million, Tourism Secretary Wanda Teo disclosed Saturday.

The Duterte administration is looking at space technology as the new investment frontier for the country.

Transportation ministers and officials of the Association of Southeast Asian Nations (Asean) committed to deepen the integration of the transportation system in the region through the adoption of various transport initiatives at the recent 22nd Asean Transport Meeting (ATM).

Bloomberry Resorts Corp (Bloomberry), owner and operator of the Solaire Resort and Casino and Jeju Sun Hotel and Casino in Korea, reported that it sustained its return to profitability in the third quarter, generating P1.417 billion in net profit, which was seven percent higher from the previous quarter and a major reversal from the P189 million net loss a year …

Technology and e-commerce are shaping up as critical pillars of the country’s long-term progress as the government strengthens its thrust to improve the state of connectivity in the country.