The Market Monitor Minding the Nation's Business

President Marcos has appointed four more top officials at the Department of Agriculture, virtually filling up all top vacant positions in DA. Appointed were DA National Rice Program Undersecretary Christopher Morales, Cheryl Marie NatividadpCaballero as Undersecretary for High Value Crops, academician Dexter Respicio Buted, former president of the Pangasinan State University as board member of the Philippine Coconut Authority and …

The Philippine Charity Sweepstakes Office (PCSO) would like to clear up the observations raised by Sen. Raffy Tulfo about an individual that had purportedly won the lottery games 20 times. The list that Sen. Tulfo refers to originated from PCSO and it should not be interpreted in a manner other than what it is meant to be. That said list …

The Supreme Court (SC) upheld the rulings that sentenced a man to prison for illegal possession and use of fake banknotes. In a decision penned by Associate Justice Jhosep Y. Lopez, the SC’s Second Division denied the petition by Allan Gacasan that challenged the rulings of the Court of Appeals (CA) and the Regional Trial Court (RTC). In a buy-bust …

Thousands of Cebuano cyclists are expected to benefit from expanded active transport facilities in Metro Cebu after the Department of Transportation (DOTr) in partnership with the Cebu local government broke ground for state-of-the-art active transport and cycling infrastructures in the metropolis last March 11, 2024. Transportation Assistant Secretary for Road Transport and Infrastructure James Andres Melad said the project includes …

The Philippine Postal Corporation (PHLPost) warned the public not to engage or click the link on messages sent by scammers online using the name and logo of PHLPost. PHLPost will not send any messages via text/email or online related to a mail or parcel to be received, asking to confirm their address and banking details on a link provided and …

By Rose de la Cruz If local government units and the Metro Manila Development Authority are not agreeable to having e-bikes, e-trikes and escooters plying the main roads (for supposedly causing accidents and because they are unregistered, so it is obviously the negligence of land transport authorities) then it must allow these units to ply within vast campuses like the …

The Land Bank of the Philippines (LANDBANK), the Overseas Filipino Bank (OFBank), and the Department of Migrant Workers (DMW) have joined forces to expedite the delivery of indemnity claims to Overseas Filipino Workers (OFWs) displaced by the bankruptcies of Saudi Arabian construction companies in 2015 and 2016. The collaboration will integrate and streamline the processes of LANDBANK and OFBank with …

Foreign direct investment (FDI) net inflows sustained its growth momentum in December 2023, increasing by 29.9 percent year-on-year to reach US$826 million from the US$636 million net inflows in December 2022. FDI increased mainly on the back of the 86.2 percent growth in nonresidents’ net investments in debt instruments to US$527 million from US$283 million in the comparable month in 2022. Similarly, reinvestment …

Department of Trade and Industry (DTI) Secretary Fred Pascual underscored the invaluable contribution of the Federation of Filipino Chinese Chambers of Commerce & Industry, Inc. (FFCCCII) to the Philippines’ socioeconomic development during its 70th Anniversary Gala Night held at the SMX Convention Center, Mall of Asia Complex, on 09 March 2024. “In a world driven by relentless change, the Federation’s unwavering commitment …

The Department of Trade and Industry (DTI) MIMAROPA Regional Office has issued a bulletin announcing price freeze on essential commodities in the municipalities of Bulalacao and Mansalay due to severe and prolonged drought. Based on two separate Sangguniang resolutions, the municipalities of Bulalacao and Mansalay in Oriental Mindoro, have declared a state of calamity due to drought. In view of …