The Market Monitor Minding the Nation's Business

By Riza Lozada The Power Sector Assets and Liabilities Management Corp. (PSALM) recently met with representatives of Mindanao electricity distributors to assess the supply of electricity from power plants in the region.

Listed PetroEnergy Resources Corp’s (PERC) unit PetroWind Energy Inc. (PWEI) has secured the Renewable Energy Payment Agreement (REPA) for its 36-megawatt (MW) Nabas-1 wind power project in Nabas, Aklan. The Repa took effect December 22, 2015.

China Banking Corp.(China Bank) and the China Banking Corporation Employees Association (CBCEA) reached a new collective bargaining agreement (CBA) amounting to P511 million covering 2015-2017, among others, providing salary increases, insurance coverage, medicine and tellers’ allowances. The union members, according to the bank’s disclosure, unanimously ratified the CBA on November 28, 2015. The new CBA is China Bank’s 24th in …

(Conclusion) Against the onslaught of globalization and the advance of juggernauts of the corporate world aggressively establishing beachheads in far and distant developing and underdeveloped economies, there not so much to spread investments but rather to achieve economies, widen margins, exploit the cheapest labor, the lowest tax regimes and the most vulnerable markets, in the light of the initiative to …

Is there “pork” in the P3-trillion budget that President Aquino has just approved? This is what is uppermost in the minds of businessmen, given the assertion from former National Treasurer Leonor Magtolis Briones that there is plenty of that excess fat in the national appropriations, by far the biggest under the Aquino administration. 

There are several ways to spin the results of the last survey of the Social Weather Stations (SWS) for 2015, which was commissioned by a business newspaper. 

Washington—Michelle Obama’s affection for the White House South Lawn has grown just like the sweet potatoes and carrots she plants there. 

BEIJING—China has created three new military bodies as part of reforms to modernize its military—the world’s largest standing force—and improve its fighting capacity. 

By Jerry Maglunog  Alarmed by complaints that many banks’ automated teller machine (ATM) cards, including those of universal banks (unibanks), are not being honored outside the country, the Bangko Sentral ng Pilipinas (BSP) said it will look into the international clearing connections between local banks and their foreign partners.

The Cabinet-level Development Budget Coordination Committee (DBCC) maintained the government’s two to four percent inflation target range for this year up to 2018.