The Market Monitor Minding the Nation's Business

Mitsubishi  Motors  Philippines  Corporation (MMPC)  officially announced that its  Mitsubishi  Manila  Bay showroom as  its flagship Dendo  Drive  Station in  the  country. It is  an  outlet  where customers can learn and experience a variety of energy sources represented by an Electric Vehicle (EV) or Plug-In Hybrid Electric Vehicle (PHEV) and the value of their power feeding functions in the event …

Bloomberry Resorts Corporation (“Bloomberry”, “the Company”), whose subsidiaries own and operate Solaire Resort & Casino (Solaire) and Jeju Sun Hotel & Casino (Jeju Sun), reported unaudited consolidated financial results for the three months ended March 31, 2022.  Enrique K. Razon Jr., Bloomberry Chairman and CEO, said, “We reported a strong set of results despite a return to GCQ Alert Level …

It will be sadly dark for the next six years. A BBM voter said “Suportahan na lang natin kung sino man mananalo.” Wise words from a humble barber. Midway through the administration of Digong Duterte, not a few of the more than 16 million Filipinos who voted for him said they were disillusioned. They thought Digong would make a difference. …

International Container Terminal Services, Inc. (ICTSI) has invested more than PhP900 million (USD20 million) in information technology (IT) for its flagship Manila International Container Terminal (MICT) in the last 10 years.   “The hefty investments in technology are meant to crisis-proof the terminal, safeguard shipments and system processes, maximize the efficiency of its operations and maintain ICTSI’s world-class brand of customer service,” says Christian R. Gonzalez, ICTSI executive vice president. Setting the stage …

Manila Water announced its desludging schedule in various barangays in the East Zone of Metro Manila and Rizal Province for the month of May. This is part of the company’s environmental protection program where it encourages customers to avail of the septic tank siphoning services without the need to pay any additional cost. Manila Water desludging tankers will be present in Bgys. Pinagbuhatan and …

The Senate and House of Representatives should already prepare for the canvassing of votes for president and vice president, according to House Deputy Speaker Rufus Rodriguez.  He urged Congress to immediately coordinate with the Commission on Elections (COMELEC) for the expeditious transmission of certificates of canvass from provinces and independent cities to Congress.  “For the sake of transparency, a receiving …

Commission on Elections (Comelec) Commissioner George Garcia urged Congress to pass a law that would allow online voting (“internet voting”) in the next elections, after Comelec received reports that some over seas Filipino had difficulties voting in person.  Garcia attributed this to foreign employers who disallow their Filipino employees from going out, preventing them from exercising their right to suffrage.  “Ang …

The Commission on Elections (COMELEC) has appointed COMELEC Law Department Director John Rex C. Laudiangco as acting spokesman while his predecessor, James B. Jimenez, is undergoing an investigation.  COMELEC Chairman Saidamen B. Pangarungan told Laudiangco through a one-page memorandum: “You shall report directly to Commissioner George M. Garcia, the Commission-in-Charge (CIC)on Public Information and Education.”  Laudiangco said in a brief …

Senator Leila M. de Lima, who has been detained since 2017, wrote Justice Secretary Menardo I. Guevarra asking him to review the illegal drugs cases filed against her after former Bureau of Corrections acting chief Rafael Marcos Z. Ragos and self-confessed drug lord Erwin Espinosa recanted their testimonies against the senator.  De Lima said in a letter to Guevarra dated …

With less than seven weeks before he steps down, President Rodrigo Duterte offered this advice to his successor: Just “stick with the rules” and continue the fight against corruption.  “There are rules everywhere to be followed. Just follow the rules,” the President said in an interview.  The Philippines will be relatively better in the coming years, but this could only be …