The Market Monitor Minding the Nation's Business

By Jerry Maglunog  A guessing game has started on who would succeed Amando Tetangco Jr. when his second and last term as Bangko Sentral ng Pilipinas (BSP) governor ends on July 3, 2017. 

By Riza Lozada  As is his wont, President Aquino again blamed the Philippines media for sensationalizing and blowing out of proportion much of the country’s problems under his administration. In the “A Meeting of Minds” dialogue with Forbes Media Editor-in-Chief Steve Forbes at the closing of the 15th Forbes Global CEO Conference in Manila, Mr. Aquino was asked about his …

The Bangko Sentral ng Pilipinas (BSP or Bangko Sentral) scored a victory in a long legal battle as the Supreme Court (SC) ruled in its favor in its case against Orient Commercial Banking Corp. (OCBC), Jose C. Go and corporations connected with him—Gotesco Properties Inc.; Go Tong Electrical Supply Inc.; Ever Emporium Inc.; Ever Gotesco Resources and Holdings Inc.; Gotesco …

By Riza Lozada The Philippine Stock Exchange Inc. (PSE) said it would rather have no extended holidays during the Asia-Pacific Economic Cooperation (Apec) forum that the country will host next month, since the long layoff may affect the current uptrend in the bourse.

Ayala Land Inc. (ALI) recently unveiled plans for a new commercial, mixed-use development that will transform the entrance of Ayala Center Makati into a modern gateway, with a first-of-its-kind intermodal transport facility designed especially for the commuting public. 

By Riza Lozada Metro Pacific Investment Corp. (MPIC) acquired 84,012 common shares in Indra Philippines, Inc. (Indra) from the Manila Electric Company (MERALCO) for P365.525 million.Meralco reported to the stock exchange it completed the sale to MPIC noting “the said sale represents 24.95 percent of the outstanding capital stock of Indra and reduces Meralco’s stake therein to 24.95 percent.”The Board of …

In a discussion with one bureaucrat, of particular interest was the official’s unusual perspective on the mining industry. 

He could have all the toys he ever wanted, trips to enchanted kingdoms or, yes, Disneyland itself. His future carved out of his parents’ dreams, though still lost to him in the flurry of packing away and his first flight, nevertheless, excites him. 

In announcing his running mate in the 2016 presidential elections, Mar Roxas introduced Leni Robredo as the pambato of the Liberal Party. 

Beijing—A top Chinese general said Saturday China’s newly created islands in the disputed South China Sea are intended mainly to aid shipping and dismissed concerns that Beijing is seeking to strengthen its control over the strategically vital region.