The Market Monitor Minding the Nation's Business

By Riza Lozada Listed developer DoubleDragon Properties Corp. (DD) has filed with the Securities and Exchange Commission (SEC) documents for its proposal to raise its capital stock up to P20.5 billion to support the launching of major projects this year. 

Mining firm Benguet Corp. reported to the bourse a 647.1 million wet metric tons (WMT) increase in the ore inventory of its unit Benguetcorp Nickel Mines Inc. (BNMI).

The Manila Electric Co. (Meralco) signed last January 7 a joint venture agreement (JVA) and Shareholding Agreement (SHA) with Repower Energy Development Corp. (Repower) for the development of hydroelectric power plants.

Victoria’s Milling Co. (VMC) reported consolidated profit of P292 million for the final quarter of its fiscal year that ended November 30.

Four fraudsters in Cebu City were recently arrested by a joint police and Globe Telecom security team after they submitted fake documents in applying for postpaid accounts that included provision for high-end smartphones. 

Benigno Aquino III’s chosen presidential candidate for 2016 is running on a platform of continuity, he being not simply part and parcel of the administration in the last five years but a significant principal, as originally envisioned when picked to run with Aquino in 2010, pulling levers and operating in front of and behind the throne. As Aquino’s anointed, he …

In five months, Bangko Sentral Governor Amando “Say” Tetangco bows out from a sterling stewardship of the monetary body with numerous firsts for the country and to name a few: the paying off of the Philippines’s loan to the International Monetary Fund and its subsequent role as lender ($1 billion), the huge reserves of $80 billion equivalent to 10.5 months …

Last week, media discussions centered on who has spent the most on television advertising among the presidential aspirants in the 2016 elections. 

Seoul, South Korea— North Korea warned of war as South Korea on Saturday continued blasting anti-Pyongyang propaganda across the rivals’ tense border in retaliation for the North’s purported fourth nuclear test. 

By Jerry Maglunog The country’s development can’t be sustained unless all the flagship Public-Private Partnership (PPP) projects of the government are bidded out and built, an official of investment banking house unit of the Metrobank group First Metro Investments Corp. (FMIC) said.