The Market Monitor Minding the Nation's Business

Getting  a Ford Ranger is now so easy and affordable as Ford Philippines brings back its Ford Truck Month where customers can get as much as P50,000 cash discount or even an all-in low downpayment of P98,000 or a low monthly payment of P11,111.  From September 4 to 30, 2023, Ford is extending a wide array of cash discounts, all-in …

Premium Overland Outfitters made the growing numbers of off-roaders very happy with the official introduction of world-renowned Rival 4×4 in the country last week at the Esplanade in Pasay City. It was sales director Alex Perez who welcomed Dmytro Chernychenko, head of Rival Middle East who made a presentation of their Russian-made products that are now being distributed all over …

Gateway Motors Group extended its dealership of Hyundai vehicles all the way to its main hub in Cebu when they officially broke ground its upcoming showroom in Talisay recently together with the top officials of the Hyundai Motor Philippines Inc. (HMPH). Gateway Motors executive vice president Michael Goho welcomed last month the visiting Hyundai officials composed of HMPH president  Dong …

Jetour Philippines held the 1st JAPI Aftersales Skills Competition recently that aimed to promote camaraderie within the dealer network while showcasing the highest standards of aftersales service.  Representatives from each dealership underwent written examinations to test their knowledge about the Jetour product lineup and the brand’s values and standard operating practices.  The JAPI technical team then conducted practical exercises to …

Isuzu Philippines Corporation (IPC) and the Jacobo Z. Gonzales Memorial School of Arts & Trade (JZGMSAT) signed a memorandum of agreement renewing its partnership for quality education and knowledge-sharing. Led by IPC president Tetsuya Fujita and IPC executive vice president Shojiro Sakoda, they turned over a new 4-post lifter with wheel aligner, and one unit of Isuzu D-Max pick-up, to …

The country’s trade deficit narrowed anew in July, Philippine Statistics Authority (PSA) data showed. In a report released Friday last week, the PSA said the trade deficit during the month dropped by 30 percent to USD4.2 billion from USD5.9 billion in July last year. It was, however, slightly higher than the USD3.9 billion trade deficit in June this year. The …

The National Economic and Development Authority (NEDA) assures the public that the government will strengthen its measures to ensure food security, protect consumers, and provide assistance to farmers.  The Philippine Statistics Authority reported today that inflation in August rose to 5.3 percent from 4.7 percent in July 2023, bringing the year-to-date inflation to 6.6 percent. This development is mainly due …

The country’s headline inflation rate rose to 5.3 percent in August 2023 from the 4.7 percent recorded in the previous month. This brings the  year-to-date inflation rate to 6.6 percent, higher than the Development Budget Coordination Committee (DBCC) assumption of 5.0 to 6.0 percent for full year 2023. “The government is resolute in its commitment to mitigate the impact of …

The Bangko Sentral ng Pilipinas (BSP) has selected Hyperledger Fabric as the distributed ledger technology (DLT) for its wholesale Central Bank Digital Currency (CBDC) pilot project: Project Agila, formerly known as Project CBDCPh. Project Agila aims to orient the BSP and participating financial institutions on CBDC technology solutions that have the potential to enhance the country’s large-value payment system. With …

Philippine Economic Zone Authority (PEZA) Director General Tereso O. Panga and Bureau of Customs (BOC) Commissioner Bienvenido Y. Rubio recently solidified a legacy reform project through the signing of a Data Sharing Agreement for the further enhancement of the monitoring of movements of ecozone goods under the Electronic Transfer of Containerized Cargo (E-TRACC) system.  Launched in 2020 through Customs Memorandum …