The Market Monitor Minding the Nation's Business

Two big events that transpired as the first month of the year ended had what could be described as a “January effect” of the stock market, so called to indicate the surge in the buying of stocks this month that followed the December selling off for market players to monetize their tax losses. 

A painful lesson should be learned by parties involved in the apparent intense black-propaganda and reputation-demolition operations against two major political personalities running in this year’s national polls. 

Athens—For the first time in decades, Greek winemakers joined a wave of anti-austerity protests staged by trade unions. 

Washington—The International Monetary Fund (IMF) has announced the implementation of its long-due quota reforms, which was approved by the US Congress last year, that will give more voting rights to emerging economies like India and China in the functioning of the organization.

By Jerry Maglunog Banco de Oro Unibank (BDO) President and Chief Executive Officer Nestor Tan is expected to assume the presidency of the Bankers Association of the Philippines (BAP) by March 21 during a meeting of the biggest group in the local banking industry.

The Asia-Pacific Project Preparation Facility (AP3F), a multi-donor trust fund managed by the Asian Development Bank (ADB) to help developing Asia and the Pacific prepare, structure, and place bankable public-private partnership (PPP) projects in the market, launched its operations last week. 

By Daryl Rose Virtudazo  Construction of the P277.90-million integrated transport hub south of Manila will commence on September this year following the signing of the Concession Agreement for the South Integrated Transport Systems (ITS), said Transportation Secretary Joseph Emilio Abaya. 

A unique convention center, shaped like a surfing board, will soon rise on a 13 hectare-hilly spot in Barangay Sevilla, San Fernando City. 

The Department of Trade and Industry (DTI) reiterated its call that contractors need to attend the two-day authorized managing officers (AMO) course as a requirement for the release of a Philippine Contractors Accreditation Board (PCAB) license.

The Department of Transportation and Communications (DOTC) said there are improvement projects in the pipeline this year for the Metro Rail Transit Line 3 (MRT-3) that would provide passengers a better commuting experience and enhanced system reliability.