The Market Monitor Minding the Nation's Business

The Department of Energy (DoE) will require gasoline stations with underground storage tanks to be located a safe distance away from residences.

This time, the typically vigilant and characteristically incisive debt watchdog seemed to have gotten its messages mixed. As aggressively zealous as the watchdog is, caution and prudence still seem to be the best practices in any endeavor, including the most passionately purposed special-interest group. 

Is the current situation of Sen. Leila de Lima consistent with the saying that “haste makes waste?” 

The research group IBON says the P125 across-the-board wage increase proposed by the Department of Labor and Employment (DoLE) is necessary, possible and good for the economy. 

By Riza Lozada Petitions for adjustments in power rates with the Energy Regulatory Commission (ERC) and proposals to raise excise taxes on petroleum products, along with a new round of transport-fare increases, threaten to raise inflation, which may trigger higher bank rates, the Bangko Sentral ng Pilipinas (BSP) said.

The Trust and Investments Group of BDO Unibank became the first institution in the country to be accredited as Personal Equity and Retirement Account (PERA) administrator after hurdling stringent qualification requirements of the Bangko Sentral ng Pilipinas (BSP) and the Bureau of Internal Revenue (BIR).

Public Works Secretary Mark A. Villar led the first batch of motorists to drive through the new elevated expressway that connects Diosdado Macapagal Avenue in Pasay City to Ninoy Aquino International Airport (Naia) Terminals 1 and 2 in Parañaque City in a simple last Thursday. 

The Department of Public Works and Highways (DPWH) has issued a notice of award (NOA) to the Metro Pacific Tollways Development Corp. (MPTDC) and its subsidiary Manila North Tollways Corp. (MNTC) for the North Luzon Expressway (NLEx)– South Luzon Expressway (SLEx) Connector Road Public-Private Partnership (PPP) Project. 

The Metropolitan Manila Development Authority (MMDA) is encouraging the private sector to come up with innovative projects with the use of advance technology to aid the agency on flood control, solid waste management, health and public safety, and urban planning and renewal. 

An urban drainage system project costing P96.5 million in Butuan City that is part of Agusan River Basin Flood Control Project has been completed by the Department of Public Works and Highways (DPWH).