The Market Monitor Minding the Nation's Business

Given my penchant for nostalgia, especially if progressed to its extreme, I would have been diagnosed with this malady had I lived in the 17th century—when longing for the past skidded beyond its reputation as romance into an identified illness. 

The Philippines can learn from Cuba on how to achieve food security through sustainable agriculture, coupled with an efficient healthcare system and genuine universal health coverage. 

The region’s multilateral lender Asian Development Bank (ADB) will have Takehiko Nakao as President for an additional five years beginning this November 24 based on the recent elections held by the ADB board.

The United States needs to show more positive economic performance, otherwise the Federal Reserve (the Fed) has no choice but to hike rates in the near term following the rate cut announcement by the Bank of England (BOE) last Thursday, a local bank said in a report.

The Yuchengco group’s Rizal Commercial Banking Corp. (RCBC) posted an unaudited consolidated net income of P2.61 billion for the first half, 3.3 percent higher than the P2.53-billion net income reported for the same period last year. Core income excluding the cyclical trading gains increased by 59 percent.

By Daryl Rose Virtudazo In an effort to improve government investments in infrastructure, the Investment Coordination Committee-Cabinet Committee (ICC-CabCom) in its first meeting under President Rodrigo R. Duterte’s administration, recommended 10 projects for National Economic and Development Authority (NEDA) Board approval. 

The country’s metal production dropped 12 percent to P22 billion in the first quarter of 2016 due to persistent soft metal prices in the world market, the Mines and Geosciences Bureau (MGB) reported. 

By Weng C. Ocfemia Overseas Filipino workers (OFW) employed by nine construction companies in Saudi Arabia will get emergency assistance from the government after Labor and Employment Secretary Silvestre H. Bello III approved the allocation of P500-million emergency assistance. 

The Clark Development Corp. (CDC) is pursuing various road projects meant to improve traffic surrounding the Freeport Zone. 

The Department of Agrarian Reform (DAR) recently conducted a dialogue with the local government of Dupax del Norte for the construction of a farm-to-market road (FMR) traversing Malasin (JPR) – Lamo – Ineangan Road.