The Market Monitor Minding the Nation's Business

The Australian government, through the Partnerships for Infrastructure (P4I) program, will help the Philippines to attract investments in key infrastructure projects.  At the launching of the P4I in Pasay City recently, Australian Ambassador to the Philippines Hae Kyong Yu PSM said the P4I will provide infrastructure advisory support to the Philippine government especially in choosing what type of financing strategy …

Ilagan, Isabela – From being one of the poorest municipalities in Isabela over a decade ago, this first-class City now boasts of a vibrant and fast-growing economy driven by major infrastructure projects financed by the Land Bank of the Philippines (Landbank).  Under the leadership of City Mayor Josemarie Diaz, the local government unit (LGU) of Ilagan and Landbank maintain a …

With the peso now stabilizing against the United States dollar, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said recently they can now focus on further addressing the elevated inflation rate, which is expected to return to within-target levels by October 2023.  In his speech during the Chamber of Thrift Banks (CTB) general membership meeting in Makati, Medalla said monetary authorities …

The Green Climate Fund (GCF) Board approved recently the Adapting Philippine Agriculture to Climate Change (APA) Project during its 35th Board Meeting in Incheon, South Korea. The total project cost amounts to USD 39.2 million, financed by the GCF through a grant of USD 26.3 million and Philippine government co-financing of USD 12.9 million.  The Department of Finance (DOF) serves …

By Robert Andaya The Philippine Sports Commission (PSC) joined the nationwide celebration for “Women’s Month” this March by paying tribute to outstanding female achievers in the wonderful world of sports.  Fittingly, one of those honored by the PSC was Elma Muros-Posadas, who earned the moniker “Iron Woman” for being the country’s undisputed long jump queen for nearly 40 years now  …

Converge ICT Solutions Inc. Co-Founder and President Maria Grace Uy has once again gained another international recognition after being named as the lone Filipina in the carefully selected list of “5 Women over 50 Who Are Leading the Way in Asia Pacific” who are trailblazing their respective fields in the region.  “Despite progress in gender equality, women over 50 still …

Despite being the successful businessman he is today, Justin Uy, President of Cebu-based Profood International Corp., never fails to look back at where he came from.  From being a striving small-scale entrepreneur to a thriving businessman who owns several companies, Uy endeavors to give back to his fellow Cebuanos to whom he attributes his success.  Uy, known as Cebu’s Mango …

On World Water Day, San Miguel Corporation (SMC) reported that its businesses collectively saved some 33,865,901,000 liters of water from 2017 to 2022–equivalent to the annual consumption of over 94,000 households, or the monthly use of over 1.129 million families.  The water savings, part of the company’s long-running “Water for All” water sustainability initiative, represent a 21.65% reduction in the …

In celebration of International Women’s Month, SM Supermalls partnered with the Embassy of France to the Philippines and Micronesia and ACTED Philippines to promote sustainable and inclusive agriculture of Bangsamoro women. This event is in partnership with Philippine Airlines and Airspeed. VIPs: French Ambassador Her Excellency – Michele Boccoz, National Defense Secretary, Carlito Galvez, Jr., MTIT Representative, Director General of …

As travel and tourism go perfectly with this year’s summer season, the Department of Trade and Industry (DTI) is bringing unique products from across the country closer to tourists through the special Bagsakan sa Intramuros on March 25 to April 2 at the Fort Santiago, Intramuros, Manila City. In time with the grand launch of the DTI’s latest Go Lokal! …