The Market Monitor Minding the Nation's Business

An agricultural economist in the academe on Tuesday said the agriculture sector’s contribution to the gross domestic product (GDP) naturally declines as a country moves closer to developed economy status. This came as a reaction to a Philippine Statistics Authority study showing that the agriculture, forestry and fishing (AFF) sector accounted for only 8.9 percent of GDP in 2022, the …

Research by Procore Technologies Inc., a leading global provider of construction management software, shows that the Philippines is leading among surveyed Southeast Asian countries in plans to adopt data strategy in the construction industry. In a statement Tuesday, the company said 80 percent of construction businesses in the Philippines plan to design and implement a data strategy over the next …

A total of 60 local government units (LGUs) in Region 5 (Bicol) will benefit from P722.5 million worth of community sub-projects of the Kapit-Bisig Laban sa Kahirapan–Comprehensive and Integrated Delivery of Social Services (KALAHI-CIDSS), the Department of Social Welfare and Development (DSWD) said on Tuesday. Ranelle Anne Sertan, DSWD-5 social marketing officer, said these sub-projects are focused on nutrition-sensitive initiatives …

AWU Foundation recently held an event “AWU FD Founding Ceremony”, a 1-day event last June 15th, 2023 in Dust Thani Manila. The purpose of the event was to launch the AWU foundation and the HOMS token. AWU Foundation aims to bring happiness and hope by creating secure and stable homes for those who are less fortunate. We seek to prevent …

According to the Department of Tourism (DOT), 2.65 million foreign tourists visited the country in 2022, higher than its 1.7 million target. In the meantime, thousands of Filipinos keep local tourism alive by flocking to domestic destinations to try new experiences. Most tourists often visit vital locations in the Philippines to immerse in the culture and cuisine. While tourists remain …

In a bid to improve coin circulation in the Philippines, the Bangko Sentral ng Pilipinas (BSP) and SM Store deployed the first of coin deposit machines at the SM Store in SM Mall of Asia, today, June 20, 2023. This is the first of 18-coin machines that will be available at the SM Stores and SM Supermarkets. The BSP-initiated project …

Nestled amid the lush greenery of a tranquil rural landscape is a 670-hectare mixed-used township development of the Pueblo De Panay, Inc. (PDPI) that has been a contributing pillar to Roxas City’s bid for inclusive development. Home to various commercial establishments, agro-industrial zones, and endearing tourist attractions—with a residential component that integrates Capiznons’ traditional lifestyle with contemporary living—the PDPI mega …

Chess takes center stage when the Professional Chess Association of the Philippines (PCAP) Inter-School chess championship comes off the wraps on July 8, 9, 15 and 16. PCAP president-commissioner Atty. Paul Elauria said top universities and colleges are expected to participate in the four-day competition being held as part of the  International Chess Day celebrations on July 20. “We expect to see the best and …

By Robert Andaya Expect volleyball fireworks starting the fourth of July as world champion Italy and seven other countries take the floor for the 2023 Volleyball Nations League (VNL) at the Mall of Asia Arena in Pasay. The seven other countries in the event scheduled July 4-9 are 2022 world championship runner-up Poland, 2016 Rio Olympics gold medalist Brazil, world No.8 Japan, No. 9 …

The NCSC has actively taken part in two-day seminar-workshop on public service ethics and accountability (PSEA) at the Connect Function Hall of Savoy Hotel in Pasay City recently.  Breaking the ice was NCSC Chairman Franklin Quijano’s opening remarks that served as a guide on how important the activity was in terms of public accountability in government and public service.  The …