The Market Monitor Minding the Nation's Business

Something stinks to high heavens in the Bureau of Immigration (BI), and this case is proving to be the latest kink in this administration’s much-ballyhooed straight and righteous path.

The World Bank (WB) has noted that growth in the Philippines is becoming more inclusive. “The Philippines now has achieved macroeconomic stability. It has had high growth rates for quite a number of years and more recently, that’s the important point, it is starting to show the kind of growth which is more inclusive,” WB Philippines lead economist Rogier van …

By Riza Lozada The National Commission for Culture and the Arts (NCCA) took custody of the Manila Metropolitan Theater (Met) after the signing of a deed absolute sale with state pension fund Government Service Insurance System (GSIS).

By Jerry Maglunog Yuan, the Chinese currency, is set to become a dominant tradable currency in the world like the US dollar and Philippine banks must be ready for this eventuality, Bankers’ Association of the Philippines (BAP) President Lorenzo Tan said.

For former world boxing champion Josie Gabuco, the Southeast Asian Games shaped as a make-or-break tournament after her run of defeats in major events last year. It turned out to be make.

The Philippine Azkals beat Bahrain 2-1 in Group H during the Asian qualifying rounds for the 2018 World Cup. Substitute Misagh Bahadoran opened the scoring five minutes into the new half, and Javier Patino doubled the lead 10 minutes later. Bahrain scored a consolation goal in injury time through Abdulwahab Al Malood.

Seoul, South Korea—South Korea’s central bank lowered its key interest rate to a historic low on Thursday, responding to a slump in exports and the prospect that the outbreak of the deadly MERS virus could slow the economy.

Washington—The US House of Representatives sidetracked a high-profile White House-backed trade bill, a blow to a pending Asian trade deal and a humiliating defeat for President Barack Obama inflicted by members of his own party.

Beijing—Li Haitao, a 24-year-old employee at a steel trading company, did no research last June before he joined a stampede of novice investors into China’s surging stock market. He paid for his risk-taking.

New York—Standard & Poor’s on Wednesday downgraded Greece’s credit rating one notch further into junk territory, saying it’s likely the country will default on its commercial debt within a year if it can’t strike a deal with its creditors.