The Market Monitor Minding the Nation's Business

The Gaisano group’s Metro Retail Stores Group Inc.’s (MRSGI) net income after tax grew to P52.8 million, up 69.2 percent from P31.2 million in 2015. 

Alighting from the jam-packed bandwagon of pundits philosophizing the rationale behind the public’s vote for Rodrigo Duterte against the spurning of a compassionate presidency from Sen. Grace Poe-Llamanzares, the blank continuity from Manuel Roxas II and the proven administrative competence from Vice President Jejomar Binay, let us focus on the vice presidency and dwell on the obvious. 

That fences can fend off or screen out, either way, any hint of thievery, as it turns out, proves to be an illusion. Where I live, a break-in two weeks ago at the northeast corner ground-floor suite, stirred us in the last council meeting to tackle what has been a daily heartache over rotting parts of the wooden fence—with some …

Last week, more than 16 million Filipinos marked Rodrigo Duterte on their ballots and elected him the country’s next President. 

Filipinos must maintain an optimistic mindset as the country transitions from one administration to another after the conduct of presidential election this month, a Palace official said on Saturday. 

The thrift bank of state pension fund Government Service Insurance System (GSIS), GSIS Family Bank, was shut down and placed under the receivership of the Philippine Deposit Insurance Corp. (PDIC) receivership last Friday.

The Philippine National Bank (PNB) is reviewing the financial profiles of rural banks (RBs) for a possible acquisition.

By Daryl Rose Virtudazo  The Japan International Cooperation Agency (Jica) has announced that 14 projects were selected from 89 proposals for this year’s Science and Technology Research Partnership for Sustainable Development (Satreps) program. 

The executive board of the International Monetary Fund (IMF) approved the financial body’s administrative and capital budgets for financial year (FY) 2017, beginning May 1, 2016, and took note of indicative budgets for FY2018–19. 

By Weng C. Ocfemia The Department of Transportation and Communications (DOTC) announced that the deadline for submission of prequalification documents for the Light Rail Transit (LRT) Line 6 project has been moved from May 12 to June 2.