The Market Monitor Minding the Nation's Business

Megaworld, the country’s pioneer developer of integrated urban townships, reported a 41% growth in its net income to P3.5-billion for the first quarter this year from P2.5-billion during the same period last year as the business environment continued to improve.  Net income attributable to the parent company, likewise, increased by 30% year-on-year to P3.1-billion during the quarter compared to last …

The wait is over! Crocs (NASDAQ: CROX), the global leader in innovative casual footwear for men, women, and children finally invades the famous surfing destination up north, Elyu for a Labor Day weekend full of fun and chill beach vibes.  Crocs took over the sunny side and sandy shores of San Juan, La Union beach through different Crocs-tastic activities and …

The New Range Rover Sport has made its global premiere with a dramatic world-first climb up a flooded dam spillway in Iceland. The epic ascent saw the New Range Rover Sport resist the surging torrent of water flowing down the ramp of the Karahnjukar Dam – the biggest of its kind in the world – at a rate of 750 …

The call of the open road is difficult to ignore during the summer season.  A trip to the beach, mountains, or other cities with family and loved ones is a great way to rest and rejuvenate the soul. Especially if you choose these    two iconic Lexus models that will transport you and your whole family to your chosen destination. …

Suzuki Philippines Inc. (SPH), the country’s pioneer compact car distributor, announced its extension of the Triple Deal Promo up until May 31, 2022. The Triple Deal Promo offers low downpayment rates and large cash discounts on the Suzuki XL7, Suzuki Carry models, and Suzuki Dzire. The Suzuki XL7 is a vehicle that draws attention on the road thanks to its …

Pilipinas Autogroup, Inc. (PilipinasAuto), the official distributor of Tata Motors in the Philippines, is now offering a combined low down payment and low monthly deals until June 30, 2022. It partnered with Security Bank to come up with a realistic business solution making the dependable business workhorse available at P99,000 down payment and P12,738 monthly payments for 60 months for …

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 …