The Market Monitor Minding the Nation's Business

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 …

Periods of high inflation challenge the financial security of people and businesses. Regionally, inflation in Southeast Asia has seen a small increase from December 2022 to January 2023. Meanwhile, the Philippines’ 8.6% inflation rate currently stands as the highest in Southeast Asia for February 2023. From a macro perspective, this weakens the growth of the nation’s economy. From a micro …

The threat of reported super typhoon “Betty” had no effect to the brave senior citizens of Bagac, Bataan as dozens of them trooped to the venue where the dialogue consultation was held in Bgy. Parang Bagac, Bataan. Comm. Rainier Cruz kicked off ceremonies with a highly informative speech that touched on the senior citizens’ right to legit discounts on travel …

Volvo Cars’ commitment to all-out electrification in 2017 has been recognized by the United Nations and other global environmental non-profit groups for its ground-breaking electrification strategy.  Even before sustainability became trendy in the automotive sphere, Volvo was already leading the pack in its efforts to curb its carbon footprint. Recognizing that cars are part of the ecological problem, Volvo owned …

The Autohub Group of Willy Tee-Ten successfully launched not one, but two Kia dealership simultaneously in one day middle of last week which boosted the rapid expansion of Kia Philippines in the country. The Kia Otis and Kia Marikina were opened one after the other with lots of fanfare and attended by imported Kia Philippines and Autohub Group officials and …

Hyundai Motor Company and Sony Pictures are joining forces again this summer on “Spider-Man: Across the Spider-Verse,” the animated movie featuring a flying version of the company’s prophecy concept EV model and its future mobility vision that also spotlights Hyundai’s acclaimed Ioniq all-electric vehicles. The collaboration stems from a global promotional partnership that Hyundai Motor inked with Sony Pictures in …