The Market Monitor Minding the Nation's Business

The decline in United States’ equity markets last week, along with hawkish signals from Federal Reserve officials, resulted in the negative close of the local bourse’s main index on Monday and the weakening of the peso. The Philippine Stock Exchange index (PSEi) shed 1.29 percent, or 86.56 points, to 6,599.34 points. All Shares followed with a drop of 1.12 percent …

Argentine superstar Lionel Messi was named the Best FIFA Men’s Player of 2022 during The Best FIFA Football Awards 2022 at Salle Pleyel in Paris, France on Monday. The 35-year-old clinched the prestigious award for the third time after 2009 and 2019 in front of his Paris Saint-Germain teammate Kylian Mbappe and Real Madrid’s French striker Karim Benzema. Messi led …

THE Hyundai Staria bested its 15 other rivals to reign surpeme in the “Vans – Import” Category of the ‘Best Cars‘ Award of the German trade journal auto motor und sport. A total of 101,550 readers participated in the poll, voting for more than 422 cars across 13 categories “Receiving the award immediately after Staria’s sales launch last year was a …

HONDA Cars dealerships and service centers have highly skilled technicians and dedicated staff using state-of-the-art tools and equipment.  As Honda aims to improve and expand its after-sales service, the brand regularly conducts development programs and other improvement initiatives for dealer associates to enhance superior customer satisfaction throughout the network. Through programs such as the National Skills Contest (NSC), Periodic Maintenance …

THE Ford Ranger, the most versatile and capable Ranger ever, was adjudged as the “Best 4×4 and Pick-Up” in the recent Women’s World Car of the Year. The Women’s World Car of the Year is comprise of a jury of 63 all-women motoring journalists from 45 countries across five continents. Vehicles across six categories are assessed for safety, driving, comfort, …

JETOUR AUTO, a brand within the Chery Holdings Group, will be entering the Philippine market through a different local distributor – a partnership between the Gateway Group and the AutoSpeedyGo. Established only in 2018 in China, Jetour will finally introduced its 3-vehicle lineup during the Manila International Auto Show (MIAS) this April. Sources said vehicles to be included in the …

CALTEX, marketed by Chevron Philippines Inc. (CPI), is distributing Caltex SavePlus cards with big fuel discounts and other benefits to AutoHub customers as part of their after-sales program.   Customers that will book their PMS appointment thru their recently launched mobile app, are also eligible to get SavePlus cards.  This was announced during the partnership signing ceremony, held at the …

CHILD HAUS (Center for Child Improvement and Life Development) which was founded by Philanthropist “Mother” Ricky Reyes launches its Taos Puso Book, which tells the story of how Child Haus started in 2002 and how Mr. Hans T. Sy, SM’s Chairman for Executive Committee has taken under its wing more than 19,000 patients and guardians from all over the country …

I visited the beautiful City of Davao last week to cover the two-day NCSC-DSWD Joint Mindanao Conference at the Waterfront Insular Hotel, which turned out to be a huge success. The pivotal meeting served as a takeoff point for the transfer of some duties and functions related to senior citizens, from DSWD to NCSC. Breaking the ice was event  host …

Leading Philippine fiber internet provider Converge ICT Solutions Inc. (PSE: CNVRG) has inaugurated the site for its cable landing station (CLS) in Davao for the Philippine branch of the Bifrost Cable System, which will deliver much-needed internet capacity, redundancy, and reliability between the Asia-Pacific region and North America.  “Today, we are breaking ground on a significant infrastructure that will bring …