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Yu back as investment czar, ordered to grow BPO sector

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Grow the information technology-business process outsourcing (IT-BPO) sector and address all concerns to ensure that the sector’s potential to generate jobs is maximized. These were the marching orders of incoming Cebu City Mayor Tomas R. Osmeña to investment promotion expert Joel Mari S. Yu, who will be coming in as the mayor’s business and economic […]

Posted: May 31st, 2016 in Enterprise | Read More »

DTI brings Slingshot to Cebu

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THE Department of Trade and Industry (DTI) will bring to Cebu its Slingshot program, a platform for public dialog and partnership to accelerate the development of the startup community in the country. Joel Mari S. Yu, incoming business and economic adviser to Cebu City Mayor-elect Tomas R. Osmeña, described Slingshot as “an appropriate government response […]

Posted: May 31st, 2016 in Enterprise | Read More »

PLDT targets hotels, retailers

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Telecommunications giant Philippine Long Distance Telephone Co., Inc. (PLDT) yesterday launched in Cebu the #MyNumber solution for micro, small and medium enterprises (MSMEs). Around 60 MSMEs, mostly from the tourism and retail sectors, were invited to the product launching last night, said area sales head John Thomas Anthony Nanquil. Nanquil said they were targeting hotels […]

Posted: May 26th, 2016 in Enterprise | Read More »

DTI set to open FabLab

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The Department of Trade and Industry (DTI) Cebu provincial office will open next month a digital Fabrication Laboratory (FabLab). Maria Elena C. Arbon, DTI Cebu provincial director, said this would be the second FabLab in Central Visayas region after the facility that opened in Bohol province in May 2014. The FabLab in Cebu would be […]

Posted: May 25th, 2016 in Headlines | Read More »

Cebu grads dominate top 10 in CPA exam

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Ten graduates from Cebu were among the topnotchers in the May 2016 Certified Public Accountant Licensure Examination. Of the 10, four graduated from the University of San Jose Recoletos (USJ-R) while six came from the University of San Carlos. Jayvee Faust B. Anga of USJ-R landed in 3rd place with a rating of 91.67 percent. […]

Posted: May 24th, 2016 in Breaking | Read More »

Another solar power plant proposed in southern Cebu

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The Department of Energy has issued a service contract to Menlo Renewable Energy Corp. for the development of a 60-megawatt (MW) solar power plant in the City of Naga in southern Cebu. This was disclosed by MRC Allied, Inc., listed parent firm of Menlo, to the Philippine Stock Exchange (PSE) yesterday. The company said the […]

Posted: May 23rd, 2016 in Enterprise | Read More »

Aquino government to turn over ‘strong, stable’ economy

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The Aquino government is set to turn over a “strong and stable” economy to the next administration, with the gross domestic product (GDP) expanding by 6.9 percent in the first quarter of this year. Socioeconomic Planning Secretary Emmanuel F. Esguerra said the 6.9-percent growth, which was above the market expectation of 6.6 percent, made the […]

Posted: May 19th, 2016 in Enterprise | Read More »

Bullish outlook for retail sector as BPO workers drive spending

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Real estate services company Colliers International Philippines has maintained a bullish short-term outlook on Cebu’s retail market given the strong consumer spending propelled by rising incomes and purchasing power of Cebuanos, especially those in the business process outsourcing (BPO) sector. Julius Guevara, director and head of research, noted that there are about 100,000 BPO employees […]

Posted: May 15th, 2016 in Enterprise | Read More »

Exports continue to decline amid weak global market

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Among 11 Asean economies, the Philippines saw the steepest decline in merchandise exports in March this year, according to the National Economic and Development Authority (Neda). In a statement, the agency said the weak global economy has continued to pull down the country’s exports. Earnings have declined for 12 consecutive months since April 2015. A […]

Posted: May 12th, 2016 in Enterprise | Read More »

Draft competition rules out; consultation set on Monday

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The Philippine Competition Commission (PCC) will hold a public consultation here on the draft implementing rules and regulations (IRR) for Republic Act 10667, or the Philippine Competition Act of 2015. PCC chairman Arsenio M. Balisacan said the consultation in Cebu will be held on Monday, May 16, at the Hotel Elizabeth along Archbishop Reyes Ave., […]

Posted: May 11th, 2016 in Enterprise | Read More »