The Market Monitor Minding the Nation's Business

FORD, the iconic American automaker, is returning to Formula 1 racing after more than two decades when it partnered with Red Bull Powertrains for the development of a next-gen hybrid power unit to be used from the 2026 Formula 1 season onward. Red Bull Ford will provide the power units for both the Oracle Red Bull Racing and Scuderia AlphaTauri …

THE Nissan Dasmarinas, the newest Nissan dealership down South, opened up last Thursday amidst colorful ceremony that saw several top Nissan officials, local government officials and members of the media in attendance. Led by Doroteo “Tey” Sornet, the president of the Southgatemotors Ventures Corporation, the 1,900-square-meter complex stood tall along the bustling Aguinaldo Highway was inaugurated amidst a fiesta-like atmosphere …

HYUNDAI Motor Philippines Inc. (HMPH), together with Hyundai Motor Corporation (HMC), invites Roblox users to explore and experience Philippine-themed content at the Hyundai Mobility Adventure (HMA) metaverse space.  HMA was developed in 2021 as a new-age online customer experience (CX) platform to introduce the brand’s latest products, initiatives and future mobility solutions to younger generations. It also provides constant in-game …

TOYOTA Motor Philippines is taking part in this year’s FIBA Basketball World Cup as a local major sponsor as it partners with the Samahang Basketbol ng Pilipinas (SBP) and Gilas Pilipinas. “It is with great appreciation and warmth that we welcome Toyota Motor Philippines to the FIBA Basketball World Cup 2023 family,” said SBP chairman emeritus Manny V. Pangilinan as …

HINO Motors Philippines (HMP) appointed its new president, Shingo Sakai, in recent ceremony at the Sheraton Manila Hotel ballroom. The new president was introduced to its network of dealers and business partners during the company’s 8th annual dealer conference. Sakai succeeds Mitsuharu Tabata who led the company for four years. Sakai acknowledged Tabata for his leadership in keeping the company strong …

Preference for premium rums and customization is a growing trend, with consumers favoring personalizing their drinking experience. Tanduay Senior Brand Manager and International Business Development Manager Marc Ngo said that the shift is led by the Generation Z market, who want more quality spirits, value individuality, and consider their choices as part of their self-expression. “They are willing to explore …

On 10 February 2023, a Signing Ceremony of Business Agreements was held as part of the 5-day Official Visit of President Ferdinand Marcos, Jr. to Japan. The ceremony was witnessed by President Marcos. Jr. which covered the signing of 35 business agreements, including a Memorandum of Cooperation (MOC) between the Philippines and Japan, awarding of Certificate of Gratitude to the …

After six years of hiatus, the Philippine Amusement and Gaming Corporation (PAGCOR) is reviving its nationwide photography contest for amateur and professional photographers – but this time, with bigger prizes at stake. With the theme, “Sa’n Tayo Next?”, the PAGCOR Photography Contest 2023 aims to highlight the unadulterated, yet equally beautiful places in the Philippines with tourism potential.  The photography …

Over 10,000 rice farmers from Panay Island in Western Visayas are expected to benefit from the top-of-the-line rice mill plant of Restia Rice Milling Corporation starting June 2023, while also helping to improve rice production and provide post-harvest facilities in the Province of Iloilo.  To be located in Brgy. Calaboa in the municipality of Leganes, the 2,472-square-meter rice mill plant …

The moment of thrill, fun, and excitement will come full circle to the Pipol as the 4th VP Choice Awards (VPCA) begin its voting period! VP Choice Awards is the country’s most engaged award-giving body produced by Red Entertainment, Inc. and Village Pipol.  The list of nominees was revealed in January, with nearly a hundred recognitions introduced under the travel, …