Restaurant group allots P60M for new outlets

Aileen Garcia-Yap 09/16/2015

The Abaca Group has set aside P60 million for two new concepts and four new locations this year. “We are looking to expand more with all our brands and we want to do that efficiently. We don’t…

Traders back funds passport

Aileen Garcia-Yap 09/15/2015

Some Cebu-based businessmen have expressed support for a scheme allowing the cross-border marketing of mutual funds and other collective investment schemes in participating economies. The Philippines and five other members of the Asia-Pacific Economic Cooperation (APEC) are…

More affordable insurance products needed for masses

Aileen Garcia-Yap 09/14/2015

Government is pushing for the introduction of more affordable insurance products for the poor and the establishment of a national retail payment system to achieve financial inclusion in the country. Insurance Commissioner Emmanuel F. Dooc said micro-insurance…

CEBU ACTION PLAN SET

Aileen Garcia-Yap 09/12/2015

Finance ministers yesterday adopted a 10-year financial road map named after Cebu, placing the province in the history books of 21 Asia-Pacific economies. The Cebu Action Plan is a voluntary, non-binding document that will guide members of…

Financial integration to boost APEC trade

Aileen Garcia-Yap 09/11/2015

Philippine treasurer asks finance officials from Asia-Pacific economies to endorse Cebu Action Plan A Philippine official yesterday encouraged Asia-Pacific Economic Cooperation (APEC) ministers to endorse the Cebu Action Plan and cited the factors that can make it…

Aquino calls for solidarity in APEC

Aileen Garcia-Yap, Norman V. Mendoza 09/11/2015

CITING the “Philippine story” of better growth rates and upgraded credit ratings, President Benigno S. C. Aquino III yesterday called for solidarity and greater cooperation among the Asia-Pacific economies to achieve progress. The President, who flew in…

P-Noy in Cebu today for APEC finance ministers’ meeting

Aileen Garcia-Yap 09/10/2015

President Benigno Aquino III will be in Cebu today to give the welcome address for delegates attending the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting and Related Meetings at the Shangri-La’s Mactan Island Resort and Spa. He…

Finance execs fine-tune roadmap to make APEC resilient to shocks

Aileen Garcia-Yap 09/10/2015

A roadmap aimed at making the Asia-Pacific region more resilient to financial shocks and natural disasters is expected to gain the commitment from finance ministers tomorrow. The Cebu Action Plan, a 19-page document proposed by the Philippines,…

BPI loans go mostly to cars, housing

Aileen Garcia-Yap 09/07/2015

HOUSING and auto loans comprise the bulk of the loan portfolio of the Bank of the Philippine Islands (BPI), an official said. Of the bank’s estimated P11-billion loan portfolio, housing loans account for about P4 billion while…

Furniture designers, craft makers in Asean to conduct workshop in Cebu

Aileen Garcia-Yap 09/07/2015

FURNITURE designers and craft makers will converge here in November for a workshop under the Craft Connect Project supported by the German International Cooperation (GIZ). Nelia V. F. Navarro, Creative Cebu Council (CCC) director and Department of…

Cebu Guide app launched

Aileen Garcia-Yap 09/05/2015

A mobile application providing tourists information on Cebu was launched yesterday in a bid to maximize Cebu’s exposure to visiting Asia-Pacific Economic Cooperation (APEC) officials. The app, developed for the Cebu provincial government by Innopub Media in…

More exporters given chance to display wares

Aileen Garcia-Yap 09/04/2015

THE Department of Trade and Industry (DTI) has expanded the “Exquisitely Filipino” exhibit to give more Cebu exporters the opportunity to showcase their products for Asia-Pacific Economic Cooperation (APEC) delegates. The exhibit area at the SM City…

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