The Market Monitor Minding the Nation's Business

Hariphil Asia Resources, Inc. (HARI), the official Philippine distributor of Hyundai Trucks and Buses, is now into electric as it will unwrap its series of new energy vehicles in the one-day Hyundai Truck and Bus Mobility EV-olution Expo on May 2 at the Filinvest Tent in Alabang, Muntinlupa City.  The event will bring together key stakeholders from government, business, and …

The Isuzu Philippines Corporation (IPC) has a new president and  Mikio Tsukui was formally introduced in a formal turnover ceremony last week at the Okada Hotel in Paranaque City. Tsukui succeeds Tetsuya Fujita, who has returned to Isuzu Motors Limited in Japan. A seasoned executive with over three decades of experience within the Isuzu Group, Tsukui has built a robust …

Mitsubishi Motors Philippines Corporation (MMPC) reiterated its commitment to education and skills development by donating three vehicles –one Mirage G4 GLX M/T and two L300 M/T units — to three academic institutions such as Laguna State Polytechnic University (LSPU) Siniloan campus, Bataan Peninsula State University (BPSU)  Balanga campus, and Eulogio “Amang” Rodriguez Institute of Science and Technology (EARIST) GMA campus. …

Several motoring journalists are invited to join the second edition of the Pink Argonauts Golf Tournament & Underwater Photo Competition with the underwater photo competition taking place from May 1-4 at the Aiyanar Beach and Dive Resort inAnilao, Mabini, Batangas while the golf tournament will be on May 9 at the Malarayat Golf & Country Club in Lipa, Batangas. The …

Despite global economic uncertainties, Ayala Corporation remains confident about its growth trajectory, following its strongest financial performance to date. During a media briefing held in Makati City on Friday, Ayala Corp. President and CEO Cezar Consing said the company is poised to build on its 2024 momentum, when it recorded an all-time high core net income of P45 billion. Asked …

Philippine shares rallied on Friday, recovering losses triggered by former U.S. President Donald Trump’s reciprocal tariff announcement earlier this month. The local currency also extended its gains against the U.S. dollar. The Philippine Stock Exchange index (PSEi) surged by 1.79 percent to close at 6,268.75, while the broader All Shares index climbed 1.02 percent to 3,695.69. According to Rizal Commercial …

The Philippine franchising industry is expected to post an eight to 10 percent revenue growth this year, reaching approximately P800 billion, with the food segment continuing to lead the charge despite global market uncertainties. At the International Franchise Conference held at the SMX Convention Center in Pasay City, Philippine Franchise Association (PFA) chairperson Christopher Lim shared the group’s latest outlook, …

Clean energy firm First Gen Corp. has entered into an agreement with Japanese multinational Sanyo Denki Co. Ltd. to supply 100-percent renewable energy to its facilities in the Philippines. In a statement issued last week, First Gen said it will provide electricity from its geothermal plant in Negros Oriental to power four Sanyo Denki Philippines factories operating within the Subic …

The National Economic and Development Authority (NEDA) Board, led by President Ferdinand R. Marcos Jr., has approved a new program aimed at addressing food insecurity and undernutrition across the country. In its final meeting before transitioning into the Economy and Development (ED) Council under Republic Act 12145, the NEDA Board gave the green light to the Reducing Food Insecurity and …

Tanduay Distillers, Inc. (TDI) achieved a milestone in 2024 by posting a record net income of P2.15 billion, marking a 37% increase from the previous year’s P1.57 billion. The impressive growth was powered by higher sales volumes—up 2% for liquor and 1% for bioethanol—as well as strategic pricing adjustments that pushed segment revenues to P33.85 billion, up by 13%. Despite …