The Market Monitor Minding the Nation's Business

BDO Unibank, Inc.’s (BDO) net profit grew 12% year-on-year (YoY) to P60.6 billion in the first nine months of 2024, driven by the sustained contribution of its core intermediation and fee-based service businesses. Annualized Return on Common Equity (ROCE) stood at 15% in the 9M 2024 period. Gross Customer Loans increased 13% YoY on broad-based growth across all market segments, …

Metropolitan Bank & Trust Co. (Metrobank) was recognized with a Gold Stevies at the recently held 2024 International Business Awards for its ‘Grow With Metrobank’ campaign, which tell the stories of growth from customers’ and Metrobankers’ perspective. The campaign had two parts: first is a customer story video, which is based on how the Bank has helped clients in their …

Land Bank of the Philippines (LANDBANK) has announced the availability of immediate financial assistance to businesses and individuals affected by Typhoon Kristine, reinforcing its commitment to helping rebuild communities and restore economic activity in hardly hit areas. Under the LANDBANK CARES Plus (Community Assistance and REintegration Support Plus) Lending Program, various sectors—including farmers, fishers, cooperatives, micro, small, and medium enterprises …

The Government Service Insurance System (GSIS) launches the Multi-Purpose Loan (MPL) Lite program to help its members quickly bridge or cover unexpected expenses and temporary budget gaps, the GSIS said. The MPL Lite, tailored specifically to support members, offers accessible financing that ranges from 5,000 to 50,000 (multiple of five) with flexible repayment terms of six, 12, 18 or  24 …

East Java Multipurpose Terminal (EJMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Lamongan Regency, Indonesia, has appointed Sinarmas LDA Usaha Pelabuhan (SLUP) as its preferred towage and pilotage supplier.  Under this partnership, SLUP will deploy two Azimuth Stern Drive Z-peller propulsion system harbor tugs with total engine power of 6,200 horsepower and provide Maritime Pilot Class 1 services to …

Global innovative technology brand TECNO today shared that its innovative TECNO Pocket Go has been listed as one of TIME’s Best Inventions of 2024 by TIME.  This recognition underscores TECNO’s leadership in innovation with a futuristic mindset, further adding to TECNO Pocket Go’s impressive array of accolades, including from the Red Dot Design Awards, the International Design Excellence Awards and …

The Bases Conversion and Development Authority (BCDA) has made history by being the only national government agency from the Philippines to bag two Gold Stevie awards in the prestigious 2024 International Business Awards held at the InterContinental Hotel in Istanbul, Turkey on 11 October 2024. Of over 3,600 entries from 62 nations, the BCDA’s 2021 Annual Report (Best Annual Report …

McDonald’s Philippines (Golden Arches Development Corporation), led by George T. Yang, founder and master franchise holder of the quick-service giant in the country, proudly celebrated the graduation of its first batch of youth trainees under the YouthWorks PH program. YouthWorks PH is an initiative in partnership with United States Agency for International Development (USAID) and Philippine Business for Education (PBEd) …

Isabella E. Cuartero The relationship between our past and present has a huge impact as it profoundly shapes our future. No matter how far we go or how quickly we move forward, the past remains a part of us. It serves as a reminder of who we once were, guiding us as we weave the threads of our present endeavors …

By Wilma Villanueva-Palafox Not knowing exactly what course I wanted to take up after high school, my parents decided    that the University of Santo Tomas was the ONLY school for me. The thought of going to the state university was definitely remote. My father called it “the hub of Communism.” On the first day of class at the Faculty …