The Market Monitor Minding the Nation's Business

Shangri-La Plaza is home to Metro Manila’s most interesting and in-demand dining destinations that offer a myriad of choices that promise indulgent and unforgettable culinary experiences. 

The eight-point economic agenda presented by the camp of presumptive President Rodrigo Duterte, and the names of the personalities who would be part of his Cabinet, appear to have quickly soothed anxieties in the business sector. 

Credit-rating firms are keeping a wait-and-see attitude on the administration of presumptive President Rodrigo Duterte, the tough-talking former Davao City mayor whose lead over his rivals in the last presidential election appears to have become insurmountable. Although the official results have yet to be announced, all of his rivals, with the exception of Sen. Miriam Defensor-Santiago, have conceded defeat But …

By Riza Lozada  Presumptive President Rodrigo Duterte will receive full cooperation from the business sector in his programs addressing poverty alleviation, high unemployment, inadequate infrastructure and preparedness on risks and disasters, the Philippine Chamber of Commerce and Industry (PCCI), the country’s biggest trade group, said. 

By Luis Leoncio Small and medium enterprises (SMEs) are the key drivers of growth among economies of Association of Southeast Asian Nations (Asean) members, but experts say these remain one of the region’s untapped resources. 

By Riza Lozada Corporate regulator Securities and Exchange Commission (SEC) and the International Finance Corp. (IFC) of the World Bank signed a memorandum of understanding (MOU) to strengthen the country’s regulatory framework and corporate governance practices.

Diversified Asian conglomerate San Miguel Corp. (SMC) reported that its first-quarter profit soared more than twofold to P13.5 billion, driven by its core food, beverage and packaging businesses. 

The Department of Energy (DOE) has approved the revised rules for the electricity spot market that that expanded the authority of technical committee of the Wholesale Electricity Spot Market (WESM) to detect incidences of violation of trading rules and distortion to the spot market, whether intended or not. 

PAL Holdings Inc. and its subsidiaries reported a total comprehensive income of P2.7 billion for the quarter of its fiscal year ending March 31 representing a P1 billion decrease from the same quarter in 2015. 

Listed budget airline Cebu Pacific (CEB) remains focused on expanding connectivity through the acquisition of 30 Airbus A321neos scheduled for delivery from 2016 to 2021, the company reported to the bourse.