The Market Monitor Minding the Nation's Business

The Department of Public Works and Highways (DPWH) MIMAROPA is fast-tracking the construction of the Victoria-Sablayan road project to provide easier accessibility between Oriental and Occidental Mindoro. DPWH MIMAROPA Regional Director Engr. Gerard Pacanan, during the Kapihan sa Bagong Pilipinas recently, said the project is one of the priority projects of the government as it will make transportation to and …

The Department of Human Settlements and Urban Development (DHSUD) said more private firms have expressed interest in building affordable housing through the Pambansang Pabahay para sa Pilipino (4PH) program. In particular, DHSUD Secretary Jose Rizalino Acuzar said Megawide Construction Corporation has committed to undertake the 4PH project in Imus City, Cavite. Acuzar said the participation of reputable private contractors like …

Budget hotel Red Planet has just opened its 14th branch at Bonifacio Global City (BGC) in Taguig City last May 30. Red Planet Executive Officer Florent Humeau said the branch is the first affordable hotel in BGC, which is projected to become a revenue earner for the company. Humeau also boasts the property’s significance of connectivity and entertainment during one’s …

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. said recently the development and the deepening of the Philippine capital markets are vital to the economy. “Hand in hand with the government, we are pushing on multiple fronts to deepen our capital markets. Such deepened markets will enhance our transmission mechanisms for monetary policy and make our financial system …

Land Bank of the Philippines (LANDBANK) has been tapped by the Department of Social Welfare and Development (DSWD) for the efficient and timely delivery of financial relief to crisis-affected individuals, including those in remote and underserved communities. Under DSWD’s Assistance to Individuals in Crisis Situation (AICS) Program, LANDBANK will serve as the Department’s disbursement partner and will engage financial service …

State-owned Development Bank of the Philippines (DBP) has granted a P4-billion credit assistance to the city government of Cabuyao to finance key public infrastructure projects in the first-class component city of Laguna, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the loan was approved under the Bank’s Assistance for Economic and Social Development …

Alternergy Holdings Corp. secured another local to finance the construction of its renewable energy projects, which are aligned with the government’s goals of increasing green energy supply in the country. The company obtained a P2-billion green corporate loan from BDO Unibank Inc., with BDCO Capital & Investment Corp. as the mandated lead arranger for the transaction. Prior to the said …

The growing reach of SM malls nationwide provides a venue for growth for many small and medium enterprises and communities. The opening of SM City Caloocan, SM’s 86th mall, will better connect surrounding urban and rural communities, sharing borders with Quezon City, Valenzuela, and the cities of Marilao, Meycauayan, and San Jose Del Monte in Bulacan. “SM malls are venues …

The annual Stock Market Investor Profile report of The Philippine Stock Exchange, Inc. (PSE) showed a total of 1,906,019 stock market accounts as of end-2023, higher by 11.3 percent or 193,285 accounts from 1,712,734 accounts in 2022. The growth was mainly due to new accounts opened through the GStocksPH platform, which also pushed the share of online accounts to 80.0 …

Finance Secretary Ralph G. Recto is upbeat on the Philippines’ bright economic outlook supported by a more open and liberalized investment policy landscape, which is part of the government’s growth-enhancing strategies aimed at lifting 14 million Filipinos out of poverty by 2028 and achieving inclusive growth. “Our growth-enhancing initiatives are meant not only to create an economy that is ready …