The Market Monitor Minding the Nation's Business

Contecon Manzanillo S.A. de C.V. (Contecon Manzanillo), a business unit of International Container Terminal Services, Inc. (ICTSI) and concessionaire of the Specialized Container Terminal of the North Zone of the Port of Manzanillo (TEC-II), is the first organization across the Mexican port industry to be certified carbon neutral. The Carbon Neutrality UNE-14064-3:2019 certification recognizes Contecon Manzanillo’s commitment to global initiatives …

The Land Bank of the Philippines (LANDBANK) and Pryce Corporation signed a P1.6-billion loan agreement to fund the expansion of the firm’s operations in real estate development and liquefied petroleum gas (LPG) distribution.  LANDBANK President and CEO Cecilia Cayosa Borromeo, Pryce Corporation Chairman Salvador P. Escaño and President Efren A. Palma led the signing on 27 January 2023 at the …

Etiqa Philippines’ insurance plan for mobile phones and electronic devices won the International Finance Awards (IFA) Best Insuretech Initiative in the Philippines for 2022. Gadget Protection is Etiqa’s first venture into embedded insurance with major e-commerce platforms that protects smartphones and other electronic devices users from unexpected repair costs brought about by unwanted incidents. “We remain steadfast in our commitment …

Manila Water bares the February desludging schedule for its customers in the East Zone of Metro Manila and Rizal Province. The water and wastewater concessionaire also advises its customers to coordinate with their respective barangay offices for the exact schedule of this service with no added cost. Rizal Province residents in barangays Mahabang Parang in Angono; Mahabang Parang, Binangonan; and …

Known for its full line of trendy, affordable and accessible makeup, Ever Bilena has come to be associated with the “OG” two-way cakes, sturdy wooden German brow pencils, trusty matte lipsticks, viral lip and cheek tints, and BB creams.   Ever Bilena had its humble beginnings producing nail polish back in 1983. Denice Sy, Ever Bilena’s Chief Sales & Marketing Officer, …

A Senate Public Hearing was convened on Tuesday, 7 February 2023 by the Committee on Foreign Relations (CFR) to extensively discuss concerns of agricultural groups regarding the Philippines’ ratification of the Regional Comprehensive Economic Partnership (RCEP) Agreement.  The hearing was facilitated by Senate President Pro Tempore Loren Legarda and Senate President Juan Miguel F. Zubiri. Both have stressed at the …

The local bourse’s main index declined anew on Tuesday partly due to acceleration in domestic inflation rate to 14-year high of 8.7 percent last January, and this performance was mirrored by the peso.  The Philippine Stock Exchange index (PSEi) shed 0.80 percent, or 55.35 points, to 6,881.26 points. All Shares followed with a decline of 0.52 percent, or 18.93 points, …

Taking off from the instructions of President Ferdinand R. Marcos Jr. to gather all stakeholders and address the issue of overpriced red onions in the market, the Department of Agriculture (DA) has issued a suggested retail price (SRP) of P125 per kilogram of medium- and big-sized imported red onion in wet markets within the National Capital Region (NCR). “[I]n order …

SAN Miguel Beer holds a share of the top spot with four wins in as many games, and CJ Perez has been the most consistent force for the Beermen in their sizzling start in season-ending meet. The 6-foot-2 gunner registered 17.0 points, 7.7 rebounds, and 4.7 assists in a three-game stretch, gaining the nod as the Cignal Play-PBA Press Corps …

In another collaboration for social good, SM Foundation, Inc. (SMFI) and UNIQLO Philippines simultaneously turned over new handwashing through the Balik Eskwela Program last January 24, 2023. Advocating hand hygiene and safe resumption of in-person classes, the initiative commenced on December 6, 2022 in 10 schools: Caritan Norte Elementary School in Tuguegarao, Joaquin Smith Elementary School in Baguio, Masamat Elementary …