The Philippines has lost its 20-year dominance as China’s top banana supplier to Vietnam, marking a significant shift in the multi-billion-dollar market. Data from the International Trade Centre (ITC) revealed that Vietnam, for the first time, surpassed the Philippines in banana exports to China last year. China imported a record 625,166 metric tons (MT) of bananas from Vietnam, while imports …
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Chiding China for “overreacting” to the deployment of a U.S. Typhon missile system in Northern Luzon, Department of Foreign Affairs (DFA) Secretary Enrique Manalo criticized Beijing’s concerns as exaggerated. In an interview, Manalo emphasized that the missile system is purely for defense and not aimed at any country, much like China’s own military build-up, which includes nuclear weapons and advanced …
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Despite the growing traction of the e-gaming sector in the Philippines, integrated casino resort operator Melco Resorts & Entertainment Ltd. is reassessing its operations to align with its expansion targets for the year. The Nasdaq-listed company announced that it is exploring “potential strategic alternatives” for City of Dreams Manila while it plans its next steps in the coming months. Melco …
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Mamburao, Occidental Mindoro – The Philippine Amusement and Gaming Corporation (PAGCOR) inaugurated the province’s first PAGCOR-funded socio-civic center on February 28. The two-story facility, constructed with a P50 million grant from PAGCOR, will benefit residents of Mamburao’s 15 barangays and nearby municipalities. Occidental Mindoro Governor Eduardo B. Gadiano, who led the unveiling alongside PAGCOR Vice President for Corporate Social Responsibility …
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The collapse of a section of the newly completed Cabagan-Santa Maria bridge in Isabela province is a tragic reminder of the consequences of negligence and possible corruption in public infrastructure projects. With a staggering cost of P1.225 billion and nearly a decade in the making, the bridge was supposed to serve as a vital link for communities. Instead, it has …
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Listening to what the customers need and giving them the complete services for their cars are sure-fire formula in keeping them come back time and time again. And these are the best known secrets of Mitsubishi Gateway Cebu in dealing with their loyal customers who keep on coming back either to buy new Mitsubishi car or bring their car for …
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BYD Cars Philippines, a subsidiary of ACMobility, has officially launched the highly anticipated BYD Shark 6 DMO, a grand entry into the Philippine pickup truck market adding to BYD’s cutting-edge lineup that slowly but surely getting into the mainstream of the local automotive scene. The BYD Shark 6 DMO, which was presented last Friday night at the SM MOA in …
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JMC Philippines, backed by global mobility leader Astara, is taking a bold step into the future of mobility with the soon-to-be introduced JMEV (Jiangxi Jiangling Group New Energy Vehicle Co., Ltd.) electric cars to the Philippine market marking a significant milestone as JMC broadens its lineup beyond its renowned Grand Avenue and Vigus pickups to include sustainable EV options. From …
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The all-new Hyundai Santa Fe has been named the “Supreme Winner,” the globally recognized award by the only all-female jury in the international automotive industry, at the recent 2025 Women’s Worldwide Car of the Year (WWCOTY) Awards. The Hyundai Santa Fe’s success was further boosted when it also bagged the Best Large SUV and it reflected Hyundai Motor’s dedication to …
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The Tesla Drive to Believe Challenge, offered in different countries since 2016 to allow more people to experience the thrill and ownership experience of driving an electric vehicle, is now in Manila offering Filipinos the opportunity to swap their current ICE vehicle with the Model 3 for a three-day driving experience. Book a test drive appointment at Tesla Centre BGC …
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The Market Monitor Minding the Nation's Business