The Market Monitor Minding the Nation's Business

Mindanao International Container Terminal Services Inc. (MICTSI), a subsidiary of International Container Terminal Services Inc. (ICTSI), has secured a 25-year extension to operate and manage the Mindanao Container Terminal (MCT). The extension, awarded by the PHIVIDEC Industrial Authority, allows MICTSI to continue managing the MCT until 2058. Located within the PHIVIDEC Industrial Estate in Tagoloan, Misamis Oriental, the MCT serves …

The Philippines’ seventh consecutive participation at the China International Import Expo (CIIE), the world’s biggest import-themed trade show, was underscored by a notable performance after yielding USD 1.602 billion in export sales and purchase agreements, surpassing last year’s total by a significant margin. The amount was a combination of reported sales, purchase agreements or memorandum of understanding, and business matching …

Tagum Water, an operating unit of Manila Water Non-East Zone subsidiary Manila Water Philippines Ventures (MWPV), has once again proven its dedication to sustainability and responsible use of energy by winning in the Department of Energy’s 2024 Energy Efficiency Excellence (EEE) Awards. This consecutive win highlights Manila Water’s unwavering commitment to environmental stewardship and energy-efficient operations, paving the way for …

The Bangko Sentral ng Pilipinas (BSP) and the Department of Energy (DOE) led the “Roundtable Discussion on Unlocking Financing for the Green Energy Auction Program (GEAP)” on 12 December 2024 at the BSP Head Office in Manila. The event gathered policymakers, financial institutions, and energy industry players to explore market reforms and innovative financing instruments for renewable energy (RE) development. …

By Jinky Jorgio THE Philippine Economic Zone Authority (PEZA) expects to end 2024 with approved investments of around P215 billion, the highest in seven years. PEZA is also aiming for a nine to 10 percent increase in investment approvals next year, following the approval of the  CREATE MORE  and a new free trade agreement (FTA) with South Korea. PEZA director …

THE  Philippine Amusement and Gaming Corporation (PAGCOR) has entered into a 25-year lease agreement with SMC Infrastructure, a subsidiary of Ramon S. Ang-led San Miguel Corp., for the 15-hectare Nayong Pilipino property. The agreement, finalized last December 12, marks a significant step toward enhancing infrastructure and government operations. As part of the deal, 13 hectares of the property will be …

The National Economic and Development Authority (NEDA) Board approved two projects worth P63.2 billion last week, as well as the release of an executive order (EO) that will implement the tariff commitments under the Philippines-South Korea free trade deal. The EO will cover Manila’s tariff commitments under the Philippines-South Korea Free Trade Agreement (FTA), which was sealed in September last …

THE Sta. Barbara Central School in Zamboanga City is the newest recipient of a new school building from SM Foundation.  The pilot school of a special program of DepEd, the Madrassah Educational Program gets a two-storey, four-classroom building which will house among others the ALIVE Program (Arabic Language and Islamic Values Education) of DepEd. There are 3,000 enrollees in Sta. …

Carousell, the popular multi-category classifieds, and ecommerce marketplace, proudly announced the winners of the 2024 Carousell Property Awards, an annual celebration honoring the trailblazers and innovators shaping Philippine real estate.  Now on its fourth year, the awards celebrate developers, projects, and agencies across four categories: Development Awards, Developer Awards, Brokerage Firms Awards, and Special Awards. “The Carousell Property Awards represent …

THE United States Peace Corps, in collaboration with the U.S. Agency for International Development (USAID), hosted its second workshop on Marine Protected Area (MPA) management in Puerto Galera, Oriental Mindoro from Decembr 2-6.  The event brought together 23 Peace Corps Volunteers, 47 local government partners, and 12 fisherfolk leaders from 24 communities across the Philippines to learn new strategies on …