The Market Monitor Minding the Nation's Business

Andrew Kevin Arandia wasn’t expecting a podium finish when he debuted at the 2022 Asean Para Games held in Surakarta, Indonesia. But he did, winning the men’s singles Class 9 silver medal that proved he has a bright future in table tennis. “I was so happy when I got the silver medal in Indonesia. It inspired me to do better …

Breanna Labadan advanced to the finals of two events – the individual all-around and ball – after the end of the qualifying rounds of the 14th Senior Rhythmic Gymnastics Asian Championships at the Ninoy Aquino Stadium yesterday. Based in Hungary in training, Labadan, 16, finished sixth overall in the individual all-around qualifiers with a total score of 107.90 points, counting …

SM City Bataan reflects the values of the local community with over 96% of the mall’s administration staff being Bataeños, including two in leadership roles. With a workforce of over a thousand across mall tenants—and still increasing, the mall proudly showcases the skills and expertise of the community. Congressman Albert S. Garcia, Bataan’s 2nd District Representative, joined thousands of Bataeños …

Department of Transportation Secretary Jaime Bautista has designated lawyer Hector Villacorta, an assistant secretary of the agency, as officer-in-charge (OIC) of the Land Transportation Office on Wednesday.  Villacorta replaces Jay Art Tugade who resigned on May 22, citing “differing methods” with Bautista.  Tugade’s resignation takes effect June 1.  Villacorta is the department’s Assistant Secretary for Communications and Commuter Affairs, a …

Victoria International Container Terminal (VICT), International Container Terminal Services, Inc.’s Australian operation and the first fully automated container terminal in Australia, received the inaugural call of COSCO Shipping Lines’ recently launched ANE service. The ANE service offers a direct connection between Australia’s southeastern coast and New Zealand, providing coverage up to Bell Bay in Tasmania. Catering to the speed-to-market requirement between …

Officers of  TeaM (Philippines) Energy Corporation (TPEC), a subsidiary of TeaM Energy Corporation, and Kratos RES, Inc. (KRI) shown after both firms signed a two-year energy supply deal at the TeaM Energy corporate office in Bonifacio Global City, Taguig. Under the agreement, TPEC will provide the power requirements of several establishments under the  Villar group of companies including ALLHome, VistaMall, …

The volume and value of local trade posted double-digit growth in the first quarter of the year, the Philippine Statistics Authority (PSA) reported. Data released late Monday showed that the value of domestic trade amounted to P199.72 billion, up by 46.7 percent from the P136.18 billion a year ago. By mode of transport, almost all of the commodities were traded …

Premier contractor D.M. Consunji Inc. (DMCI) is eyeing to participate in at least five more infrastructure projects under the “Build Better More” infrastructure program of the Marcos administration. “Our participation would depend on the amount and type of work involved. We want to focus on projects where our core competencies can bring the most value for our country,” DMCI president …

The Department of Finance (DOF) said the implementation of the Comprehensive Tax Reform Program (CTRP) generated P202.8 billion additional revenues in 2022. In a statement over the weekend, the DOF said the total collection last year was higher by 26.3 percent from P160.5 billion revenue in 2021. Finance Secretary Benjamin Diokno said the higher collections was due to the “full …

The positivity rate or the number of people testing positive for the coronavirus disease 2019 (Covid-19) in the National Capital Region (NCR) has decreased to 22 percent as of May 27. In a tweet on Monday, OCTA Research Group fellow Dr. Guido David said the figure was over a 3 percent decrease from the region’s positivity rate of 25.7 percent …