State-owned Development Bank of the Philippines (DBP) has extended a P1.4-billion loan to a top renewable energy firm as partial funding to construct a 8.4-megawatt hydroelectric power plant in Bukidnon in line with the National Government’s efforts to expand new and sustainable energy sources, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the …
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A week after the APEC Business Advisory Council (ABAC) meetings in San Francisco, California, ABAC Philippines reaffirmed its commitment to sustained dialogue and critical recommendations for APEC leaders. The collaboration, involving private sector business leaders from the 21 APEC economies, aims to foster ongoing engagement on critical issues. For ABAC Philippines members Sabin Aboitiz, Joanne De Asis, and alternate member …
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Department of Trade and Industry (DTI) Secretary Fred Pascual underscored the Philippines’ robust economic growth, positioning the country as an ideal investment destination during the recent Philippines and United Arab Emirates Forum and Networking held at the Shangri-La Hotel, Bonifacio Global City. He emphasized the country’s remarkable economic strides and investor-focused initiatives aimed to present the country as a strong …
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Metro Retail Stores Group Inc. (MRSGI), a prominent player in the retail sector, has unveiled its new and improved Mareng Ems Program. Tailored to enhance collaborations and to serve as a comprehensive support system for businesses, particularly within the dynamic Sari-sari Store (SSS) and Hotel, Restaurant, and Catering (HoReCa) sectors, this initiative aims to nurture the company’s robust and mutually …
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South Pacific International Container Terminal (SPICT) and Motukea International Terminal (MIT), International Container Terminal Services, Inc.’s (ICTSI) operations in the ports of Lae and Motukea, respectively, established a record as they welcomed the largest boxship to ever dock in Papua New Guinea and the Pacific Islands region. The 2,754-TEU gearless ship KOTA GABUNG made its inaugural call in Lae on 12 November and in Motukea, adjacent to …
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The Securities and Exchange Commission (SEC) was recognized as one of the top performing agencies in the implementation of the Freedom of Information (FOI) Program of the Executive Branch, proof of its commitment to transparency by ensuring open access to information. The Presidential Communications Office, led by its FOI-Project Management Office, presented the award, given to government agencies with 500 …
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December 8 marks the ninth anniversary of The Market Monitor: Minding the Nation’s Business, one of the most sought-after business newspapers, offering a different view of the latest financial developments in the Philippines. Aside from the latest business and financial news, The Market Monitor also takes pride in its reports on banking and finance, motoring, games and gaming, gadgets and …
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The Philippine capital has logged the fastest growing price in luxury residential market across the world, real estate consultancy firm Santos Knight Frank (SKF) said. In a press conference in Makati City on Friday, the SKF said the price growth of Manila’s prime residences was recorded at 21.2 percent over the past 12 months and at 19 percent in the …
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The Didipio Mine bagged its second consecutive safest underground mining operation award at the 69th Annual National Mines Safety and Environment Conference (ANMSEC) in Baguio City. Atty. Joan Adaci-Cattiling, Didipio Mine President and General Manager for External Affairs and Social Performance, said that the award is a testament to the company’s commitment to having not only a safe working environment …
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The Government Service Insurance System (GSIS) partners with the Japan International Cooperation Agency (JICA) to improve the protection of public properties and assets against disasters. On the instruction of President Ferdinand Marcos Jr., the GSIS is working with the Department of Finance in building up capacity in all the aspects of public insurance including underwriting, loss control and management, insurance …
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The Market Monitor Minding the Nation's Business