The Market Monitor Minding the Nation's Business

The research group IBON has said the Department of Finance’s (DOF) proposed tax plan essentially remains elitist and is inconsistent with President Duterte’s pro-poor stance. Following the President’s lead, the government should be brave enough to tax the richest businesses and families instead of burdening the poor with new taxes, IBON said. 

When the story first broke that there was a possibility that the opposition senator then chairing the congressional investigation on the extra judicial killings perpetrated recently in connection with the anti-illegal drugs campaign of the government might be personally complicit, the major broadsheets had immediately dispatched reporters and photographers in a race to ejaculate the next morning their most eye-catching …

Volatility in the global financial market will continue until the United States Federal Reserve (the Fed) gives a clearer path for its key interest rates, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said.

By Riza Lozada Local banks’ foreign currency deposit units (FCDUs) have total deposits of $34.68 billion (P1.63 trillion) in the second quarter from $34.66 billion (P1.629 trillion) in the previous quarter, Bangko Sentral ng Pilipinas (BSP) data showed. 

The Development Bank of the Philippines (DBP) recently granted a P352-million loan to Birdsteel Farm, one of the top contract growers in the country, for its farm-expansion project.

Members of the House Committee on Metro Manila Development have asked the Department of Public Works and Highways (DPWH) to come up with better and more revolutionary infrastructure ideas to address major concerns of Metro Manila and its surrounding areas. 

Sen. Loren Legarda renewed her call for the Department of Education (DepEd) to build green schools and restore heritage school buildings in the country during the hearing on the proposed 2017 budget of the Department. 

Sen. Cynthia Villar led the inauguration of the completed construction of the C5 Road South Extension project spanning the Las Piñas City and Parañaque City segment. 

The Makati City government through the Office of the Building Officials ordered all developers and contractors of ongoing constructions in the city including those involved in the construction of high rise to conduct regular declogging of drainage facilities around their job sites to prevent flooding during heavy rain. 

Did you know that Nadine Lustre has been bringing a “third wheel” to her dates with boyfriend James Reid for months now? No, it’s not a chaperone or a dutiful friend. And no, it’s not JC Santos, their equally handsome co-star in the hit ABS-CBN telenovela Til I Met You.