The Market Monitor Minding the Nation's Business

The Philippine Olympic Committee (POC) executive board has suspended the national sports associations for athletics and tennis and will directly supervise the two federations’ national teams. Suspended for 90 days were the Philippine Athletics Track and Field Association (Patafa) and the Philippine Tennis Association (Philta). POC president Rep. Abraham “Bambol” Tolentino hopes the suspensions will ensure the participations of pole …

The Philippine Athletics Track and Field Association (Patafa) cited the lack of due process in the Philippine Olympic Committee’s (POC) decision to suspend it for 90 days. Patafa said it was not given a chance to dispute the charges against it, especially the allegation that it refused to endorse its athlete, EJ Obiena, in the World Athletics Indoor Championship and …

The Philippine volleyball teams are gearing up for the 31st Southeast Asian Games in Hanoi, Vietnam in May by scheduling training in Qatar for the men’s squad and Brazil for the women’ squad. Philippine National Volleyball Federation (PNVF) president Tats Suzara revealed this during the contract signing of a partnership between the PNVF and PLDT. Suzara said the Philippine squad …

Boxing legend and presidential candidate Manny Pacquiao expressed elation at the recent victory of his eldest son Jimuel in his amateur debut in the US. “Congratulations to my son Jimuel Pacquiao on fighting and winning his first U.S. amateur fight at junior welterweight! I’m so proud of you.” This was Pacquiao’s post on his social media page in reaction to …

The Association of Boxing Alliances in the Philippines (ABAP) is expecting Eumir Marcial to rejoin the national team immediately after his second professional bout next month. Marcial is booked to see action on April 9 in Las Vegas and ABAP president Ed Picson said the Tokyo Olympics bronze medalist promised to beef up the squad for the 31st Southeast Asian …

The BBM-Sara Uniteam insists they have the numbers – crowds at rallies and surveys – compared to Leni & Kiko. If BBM’s crowds are bigger, why are popular Pinoy bands denying claims they accepted to perform at BBM’s rallies? They said “Hindi kami bayaran”. If BBM’s crowds are bigger, why is there no drone shot? If ever there was one, …

The Bangko Sentral ng Pilipinas (BSP) encourages Filipinos to take full advantage of the benefits offered under the Personal Equity and Retirement Account (PERA).  “Compared to other retirement and investment products, PERA provides contributors or investors exclusive tax benefits which enable them to accumulate their retirement savings at a faster pace,” according to BSP Governor Benjamin E. Diokno. Income earned from PERA …

The BSP remains vigilant over the possible implications of the unfolding Ukraine-Russia conflict on the Philippine economy. We expect the ongoing conflict to continue to exert upward pressures on key international commodity prices, particularly oil and wheat. Meanwhile, the ongoing conflict could also cloud prospects for global trade and investment, as uncertainty spills over into financial markets through higher volatility …

The Philippines’ Department of Trade and Industry’s overseas trade office in Australia, Philippine Trade and Investment Center – Sydney (PTIC-Sydney), and a group of Philippine food snack companies met virtually last February to discuss market trends, opportunities, and challenges in exporting snack and health food products in the Australian market.   The discussion aimed to boost and mainstream the country’s exports …

While MSMEs still comprise the majority of registered businesses in the country, a survey conducted by the Department of Trade & Industry (DTI) – Ecommerce Office in September 2020 showed that 73% of MSMES still require assistance in digitizing their operations. Shopee remains committed to help MSMEs transition to digital easily and seamlessly as it once again partners with the …