The Market Monitor Minding the Nation's Business

The Department of Labor and Employment (DOLE) estimates that around 341,000 overseas Filipino workers (OFWs) have lost their jobs abroad due to the Covid-19 pandemic.

The Department of Trade and Industry (DTI) urged online businesses to register with the government, citing it as key to consumer protection. This comes after the recent directive of the Bureau of Internal Revenue (BIR) for online sellers to register their businesses on or before 31 July 2020.

Both the local main stocks index and the peso ended weaker on Monday, partially on news of a spike in the number of coronavirus disease 2019 (Covid-19) in several countries.

Amendments on the Philippines Human Security Act (HSA), which have been incorporated in the Anti-Terrorism Bill (ATB), are necessary to address gaps in the country’s anti-money laundering and counter terrorism financing (AML/CTF) system.

Senator Christopher Lawrence “Bong” Go on Sunday urged the Philippine Sports Commission (PSC), Philippine Olympic Committee (POC), and other concerned agencies to craft guidelines to help national athletes bound for Olympic qualifying tournaments abroad.

International Container Terminal Services, Inc. (“ICTSI” or the “Issuer”), successfully priced a US$400 million offering of 10-year senior unsecured notes (the “Notes”). The offering will mark ICTSI’s return to the senior unsecured notes market, having last completed a fixed-for-life perpetual capital securities transaction in January 2018.

The Philippine Sports Commission (PSC) reassured its commitment to support Olympic-bound Eumir Felix Marcial even if he is now considering turning professional.

While we all wait for Enchanted Kingdom’s big re-opening after it temporarily closed its gates to the public a few months ago due to COVID-19, thrill seekers can still enjoy the Park amidst the pandemic. Your favorite adventure destination is bringing magic and delights right to your home.

The Department of Trade and Industry (DTI), in commemoration of the 20th year of Republic Act No. 8792 or the “eCommerce Act of 2000” signed last 14 June 2000, committed to implement policies to strengthen and grow ecommerce in the country while supporting current legislative measures by Congress. 

The Bloomberry Cultural Foundation Inc (BCFI) and the Ayala Group’s healthcare unit, Ayala Healthcare Holdings, Inc. (AC Health), have partnered with the Tropical Disease Foundation (TDF) to add to the country’s COVID-19 testing capacity.