The Market Monitor Minding the Nation's Business

International Container Terminal Services, Inc.’s (ICTSI) flagship Manila International Container Terminal (MICT) is partnering with Intelligent E-Processes Technologies Corp. (IETC), the subsidiary of San Miguel Corporation that manages Autosweep RFID, to enable a faster, more seamless gate process for trucks at the Port of Manila. The partnership will enable RFID scanners at the terminal gates to read Autosweep tags and …

Michael Ted R. Macapagal was appointed chairman of the Philippine National Railways by President Ferdinand “Bongbong” Marcos Jr. Macapagal took his oath of office before DOTr Secretary Jaime Bautista, under whose authority the PNR operates, on May 2. He will, along with PNR GM Jeremy Regino, implement the construction of the 147.26 km North-South Commuter Railway Project from Clark in …

Seasoned banker Lynette V. Ortiz was sworn in today as the new President and Chief Executive Officer of the Land Bank of the Philippines (LANDBANK) following her recent appointment by President Ferdinand R. Marcos, Jr. She brings with her over 30 years of extensive experience in local and international banking.  Ortiz formally took her oath as the 11th President and …

On Friday, 19 May 2023, the Philippines and the UK held their 4th round of bilateral Economic Dialogue chaired by Philippine Department of Trade and Industry Undersecretary Ceferino Rodolfo and His Majesty’s Ambassador to the Philippines Laure Beaufils.  The Philippines and the UK signed a Partnership Statement on Trade, Investment and Economic Cooperation, which include the following commitments:   Grow bilateral trade, including …

The Philippine Amusement and Gaming Corporation (PAGCOR) has cancelled the accreditation of offshore gaming customer relations service provider CGC Technologies Inc. (CGC). The cancellation of CGC’s accreditation came barely a week after PAGCOR issued a stern warning to its offshore gaming licensees and its accredited service providers who are involved in illegal activities. Investigations confirm that CGC, an accredited service …

The popularity of nicotine pouches is rising in some European countries and the United States, with experts predicting considerable market growth for this product by 2028.  In the Philippines, adult smokers continue to seek alternative ways to smoke, leading to an increased demand for Reduced Risk Products such as e-cigarettes or vapes. With the market’s interest in products that lessen …

Enchanted Kingdom, the country’s premier theme park, is delighted to announce its exclusive offering for Mothers: the Faerie Queen Mother Online Promo. Designed to give all mothers the royal treatment they deserve, this special promotion is available to all guests who wish to celebrate this joyous occasion in style. For the affordable price of Php 4,700, guests can enjoy a …

Bacoor and General Santos City asserted their superiority over separate rivals on Monday and keep their drive in the OKBet-MPBL (Maharlika Pilipinas Basketball League) Fifth Season going at the Baliwag Star Arena in Bulacan. The Bacoor City Strikers posted a wire-to-wire 86-69 victory over the Rizal XnetroMall Golden Coolers, while the GenSan Warriors kept on pounding till the end to …

By Robert Andaya As far as Philippine Olympic Committee president Abraham “Bambol” Tolentino is concerned, finishing a fighting fifth overall  in the recently- concluded Southeast Asian Games in Cambodia. Is enough reason to celebrate. That’s because the  840-strong Filipino delegation could have finished even better than its fifth-place finish. “To me  our fifth-place finish was already a strong performance,” said …

Basra Gateway Terminal (BGT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Umm Qasr in Iraq, has handled four million TEUs after nine years of operation in the country’s busiest port. The record volume was achieved during the recent unloading operation on the Yang Ming vessel YM Mutuality. BGT is the only terminal in Iraq to have handled four million TEUs. …