The Market Monitor Minding the Nation's Business

It appears that, this early, some people are already stoking the embers of disaffection against President-elect Rodrigo Duterte. 

The National Council of Churches in the Philippines, (NCCP) has vowed to “fully support” incoming President Duterte “in all his mandated tasks” but called on him at the same time “to honor the trust” bestowed on him by the people, as it raised “deep concern” about some of his pronouncements, notably on the return of the death penalty and on …

Credit-rating firm Fitch Ratings has backed findings of the Bangko Sentral ng Pilipinas (BSP) on the possibility of a real-estate price bubble, as property prices continue to rise amid the rapid improvement in the economy and the business-process outsourcing (BPO) boom.

Union Bank of the Philippines (UnionBank) is focusing on its core lending business to drive profit, which, in the first four months, grew by 28.1 percent. 

The Multi-Year Obligational Authority (MYOA) for the construction of the proposed National Economic and Development Authority (Neda) central office building from 2017 to 2020 has been issued, according to the Department of Budget and Management (DBM). 

In the light of the recent Group of Seven (G7) Summit in Ise-Shima, Japan, the Japan International Cooperation Agency (Jica) reaffirms stronger development cooperation initiatives in the Philippines. 

The Mindanao River Basin Management Council (MRBMC) Core Group has called on joint planning and collaborative efforts to solve problems of interconnectivity of priority projects. 

The Department of Public Works and Highways (DPWH) has partnered with the United States Agency for International Development’s (Usaid) Water Security for Resilient Economic Growth and Stability (Be Secure) project to come up with a website that will turn the DPWH’s current stream-flow data sets into digitized ones for use in incorporating measures for flood mitigation and management. 

To minimize flash floods this rainy season, the Quezon City government has intensified the declogging of the city’s waterways, especially rivers, creeks and big canals. 

New public schools will be built in various provinces in Regions 9, 10, 11 and 12 to accommodate students from indigenous peoples’ (IP) communities.