The Market Monitor Minding the Nation's Business

The winners in the Full-length Documentary and Short Fiction Feature categories of the Sineng Pambansa Climate Change Scriptwriting Contest were awarded the certificates and the cash prizes promised to them at the Film Development Council of the Philippines’ (FDCP) headquarters on September 17.

By Jocelyn Noveck / The Associated Press New York—New York Fashion Week always has its share of memorable moments: the weird and the wonderful, and everything in between. Here are some highlights of the eight jam-packed days:

Leading international hotel brand Dusit International has announced its intention to increase its presence in the Philippines, beginning with reaching out to the upscale, long-staying travel sector.

By Luis Leoncio  The much-awaited proposed tax cuts may not come about, after all, despite earlier assurances that Malacañang was open to them. 

The monstrous daily traffic snarls have apparently pushed many motorists to desperation, and some are now demanding that President Aquino declare a state of national emergency in Metro Manila to stop the anarchy on the streets that the problem has spawned. 

The Supreme Court (SC) has ordered the Executive and Legislative branches to explain not later than Friday allegations by watchdogs of public funds that certain provisions in the 2015 national budget resurrected the already outlawed Priority Development Assistance Fund (PDAF) and the voided practices under the Disbursement Acceleration Program (DAP). 

By Riza Lozada  The government continues to use huge allocations for state workers in the 2015 budget to raise savings for the future use of the Executive as “discretionary funds.” 

Trade Secretary Gregory Domingo has resigned from the Cabinet, Malacañang confirmed, but President Aquino has yet to act on the resignation. 

Publicly listed 8990 Holdings Inc. spearheaded the forming of a research center aimed at gathering data on the industry to help the government and the private sector ease the problem of lack of shelter in the country. 

Broadcasting giant ABS-CBN said several online sites illegally providing ABS-CBN TV shows and movies have been barred after it received several preliminary injunctions in the US Federal District Court against 44 sites.