The Market Monitor Minding the Nation's Business

State-owned Land Bank of the Philippines (Landbank) has a new chief—former Officer-in-Charge Andres Sarmiento, who served in a concurrent position as executive vice president, after the bank’s President and CEO Gilda E. Pico’s term ended on July 14.

By Riza Lozada The central bank’s policy-making Monetary Board (MB) has approved the domestic operations of Taiwan’s First Commercial Bank, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor Espenilla Jr. said.

Remittances from overseas Filipinos reached $2.4 billion in May, up by 1.8 percent year-on-year, Bangko Sentral ng Pilipinas (BSP) figures released last July 15 showed.

Speaker Feliciano Belmonte Jr. is pushing anew for the passage of his proposal to institutionalize and strengthen public-private partnerships to encourage more private sector participation in the government’s public infrastructure and development projects. 

The Japan International Cooperation Agency (Jica) congratulated the Philippines under the new leadership of President Duterte and Vice President Robredo, as it looks forward to further strengthening its development cooperation in the country. 

The Department of Public Works and Highways (DPWH) is now implementing the P356-million Flood-risk management project for Cagayan River, Tagoloan River, and Imus River (FRIMP-CTI) in Regions 2, 10, and 4A, respectively. 

The single most crucial component in rejuvenating decaying urban areas around the world is private sector participation, according to a report released from the World Bank and the Public Private Infrastructure Advisory Facility (PPIAF) during the World Cities Summit taking place in Singapore this week. 

Hedcor’s run-of-river hydropower project in Manolo Fortich town, Bukidnon is well underway and now halfway to completion. 

By Kris M. Crismundo / Philippines News Agency State-owned Bases Conversion and Development Authority (BCDA) is looking into partnering with the French government to develop Clark Green City in Capas town, Tarlac province. 

Since starting operations earlier this year, the Dot Property Group’s Philippines website—www.dotproperty.com.ph—has witnessed phenomenal growth by allowing property owners and real-estate agents to list their properties for sale and rent for free.