The Market Monitor Minding the Nation's Business

By Riza Lozada  The Bangko Sentral ng Pilipinas (BSP) has sought the view of local banks on a proposal to redefine their real-estate exposure, to include investments in socialized-housing developments. 

President Aquino directed the Department of Health (DOH) to monitor the situation abroad and study the Zika virus to ensure public safety, a Malacañang official said.

London—Although some lessons from the Ebola outbreak can be applied, the recent spread of the Zika virus presents a different challenge and needs a different response, according to a commentary published Friday by a British think tank Chatham House. 

By Luis Leoncio The current market downturn resulting from the flight of foreign funds from the Asian market has a good side to it, according to analysts who now consider the local stock exchange as a buyers’ market. 

By Riza Lozada Listed firm 8990 Housing Development Corp. has been named the top developer in the country by the Home Development Mutual Fund (Pag-IBIG) in terms of take-out value.

Local bourse operator Philippine Stock Exchange Inc. (PSE) held its annual Philippine Corporate Day in Tokyo, Japan on January 28 and 29 in partnership with DBP-Daiwa Capital Markets Philippines.

Leisure and Resorts World Corp. (LRWC) had formed an 80 Percent owned information technology unit LR Data Center and Solutions Inc. (LRDCSI). 

Chemical distributor SBS Philippines Corp (SBS) has appointed Gerry Tan as president and CEO effective last January 29 in place of SBS founder Necisto Sytengco, who was also former interim president and current chairman of the board and executive committee.

Telecommunications giant Globe Telecom was named among Asian companies with the most active capital investment in Asia as it posted one of the highest capital expenditure (capex)-to-revenue ratio among telcos in the region in the past two years showing how aggressive the company has been in upgrading and enhancing its network infrastructure.

It would otherwise be a brazen act of pillaging and plundering pensions and that would be criminal if, indeed, the first order of the day for those entrusted with our money had first and foremost their own monetary interests in mind.