The Market Monitor Minding the Nation's Business

Omoda and Jaecoo Motor Philippines Inc. continues to grow its footprint nationwide by teaming up with  EV Tech Motors Enterprises Corporation to open its latest 3S dealership in Sta. Rosa, Laguna. This modern 385-square-meter facility at Greenfield Auto Park along Santa Rosa-Tagaytay Road is designed to provide a seamless and comprehensive experience for customers in Southern Luzon.   Omoda and …

Honda Cars Philippines, Inc. (HCPI) offers its Gear Up for 2025 promo to get vehicles ready for the year ahead. All Honda Connect app users are entitled to various offers and freebies until the end of the month. All users are entitled to a free 50-point check up with Tire and Battery Assessment. This promo also entails a P250 markdown …

Mitsubishi Motors Philippines Corporation is proud to announce that its latest pick-up truck, the Mitsubishi Triton, has been awarded the Best Design in the Standard Pick-Up Truck Category for 2024-2025 Auto Focus Media’s Choice Award (AFMCA), an esteemed recognition that highlights Triton’s robust and athletic design which makes it a perfect companion for any scene.  AFMCA is organized and conducted …

Dongfeng Motors Philippines, under the distributorship of Legado Motors Inc., provided first-hand experience of its latest vehicle lineup to a group of media personalities as it reaffirmed Dongfeng’s commitment to innovation, advanced automotive technology, and the growing demand for sustainable and high-performance vehicles in the Philippines. With the theme “Dongfeng: Drive Your Dreams,” the drive showcased the brand’s diversity in …

The government is accelerating efforts to generate non-tax revenues by expediting the privatization of non-performing assets, according to the Department of Finance (DOF). To streamline and speed up the process, the DOF has issued revised guidelines aimed at boosting revenue while creating investment opportunities for Filipinos. “Privatization of non-performing assets is among the strategic moves to raise much-needed revenues to …

Inflation is expected to slow further to 1.9% in March, driven by improved weather conditions that boosted agricultural production, according to an economist. Rizal Commercial Banking Corporation chief economist Michael Ricafort said in a Viber message that inflation is projected to ease from 2.1% in February, falling below the Bangko Sentral ng Pilipinas’ (BSP) target range of 2-4%. “Better weather …

The Philippines’ creative economy grew by 8.7% in 2024, reaching P1.94 trillion from P1.78 trillion in the previous year, according to the Philippine Statistics Authority (PSA). Preliminary data released last week showed that the sector contributed 7.3% to the country’s gross domestic product (GDP). The creative economy encompasses various industries, including audiovisual media, digital interactive services, advertising, research and development, …

The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos Jr., has approved P70.6 billion worth of projects aimed at enhancing infrastructure and economic development across the country. Among the approved projects is the P56.7-billion Panahon ng Pagkilos: Philippine Community Resilience Project (PCRP) by the Department of Social Welfare and Development (DSWD). Supported by the World …

Automotive vehicle sales in February saw a 2.9% increase, reaching 39,164 units compared to 38,072 in the same period last year, according to a joint report by the Chamber of Automotive Manufacturers Association of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA). The commercial vehicle segment was the primary driver of this growth, posting a 9.1% increase in …

SM Investments Corp., the country’s largest mall operator, remains optimistic about the Philippines’ economic growth this year, reaffirming its commitment to expanding its retail, property, and financial services sectors. Erwin Pato, SM Investments’ Executive Vice President for Treasury, Finance, and Planning, emphasized that the Philippine economy’s consumption-driven nature aligns well with the company’s core businesses. With 70% of the country’s …