AEV posts P2-billion net income for 1st quarter of 2020

Irene R. Sino Cruz 04/30/2020

CEBU CITY, Philippines — Although the coronavirus 2019 outbreak has adversely affected the country’s economy, the Aboitiz Equity Ventures Inc. (AEV) still generated P2-billion net income for the first quarter of 2020, an emailed company statement revealed.…

DTI loan facility helps on-demand uniform manufacturer re-purpose its business

Irene R. Sino Cruz 04/29/2020

CEBU CITY, Philippines — To help address the unserved demand for personal protective equipment (PPEs) for frontliners, Lapu-Lapu City-based Uniform Solutions Inc. (UNISOL) decided to shift their production in response to the crisis situation brought about by…

Advocacy group Oceana calls for approval of nat’l plan for protection, management of sardines

Irene R. Sino Cruz 04/29/2020

CEBU CITY, Philippines — Oceana is seeking the approval of a national plan to protect and manage the country’s sardine industry, considering that sardines, canned, and otherwise remains a staple food for Filipinos. A survey conducted in…

SBWS program to provide wage subsidy for formal sector workers affected by ECQ

Irene R. Sino Cruz 04/29/2020

CEBU CITY, Philippines—Here’s good news for formal sector workers who were unable to avail of the one-time cash assistance under the COVID-19 Adjustment Measures Program (CAMP). While the Department of Labor and Employment (DOLE) could no longer…

CV mining firms extend assistance to communities affected by pandemic

Irene R. Sino Cruz 04/28/2020

CEBU CITY, Philippines — Mining companies in Central Visayas have extended assistance to communities affected by the coronavirus disease 2019 (COVID-19) using the 2019 unspent Social Development and Management Program (SDMP) funds. The SDMP funds amounting to…

Aboitiz Group readjusts capex to P47 billion

Irene R. Sino Cruz 04/28/2020

CEBU CITY, Philippines — Although the coronavirus 2019 pandemic has an adverse impact on the global economy, the Aboitiz Group plans to infuse P47 billion in capital expenditure (capex) for the year 2020 to help the country’s…

Aboitiz Group eyes agile strategy as it continues to operate amidst the COVID-19 outbreak

Irene R. Sino Cruz 04/28/2020

CEBU CITY, Philippies—The Aboitiz Group and its business units are ready to face head-on the challenges brought about by the coronavirus disease 2019 (COVID-19) outbreak by adhering to an agile approach in 2020. In an emailed press…

DSWD SLP beneficiaries paying it forward in this time of crisis 

Irene R. Sino Cruz 04/27/2020

  CEBU CITY, Philippines—The coronavirus disease 2019 (COVID-19) pandemic might have brought suffering to the low-income families but some have risen above this crisis, as they provide assistance to frontliners in their own ways. These people with…

Secretary Dar: PH will have enough rice supply until March 2021

Irene R. Sino Cruz 04/27/2020

CEBU CITY, Philippines —The Department of Agriculture projected that the country would have a 94-day rice buffer stock would continue by the end of December 2020. “We would like to inform the public that based on our…

SEARCA to discuss food security amid COVID-19 in first digital brainstorm webinar 

Irene R. Sino Cruz 04/27/2020

CEBU CITY, Philippines—The “new normal” resulting from the coronavirus disease 2019 (COVID-19) outbreak would need wider participation in agriculture among urban residents as an alternative food security solution. To promote further the idea of having urban residents…

More than 200 OFWs set to arrive in Cebu on April 28

Irene R. Sino Cruz, Morexette Marie B. Erram 04/27/2020

CEBU CITY, Philippines — More than 200 overseas Filipino workers (OFWs), most of whom are seafarers stranded in Metro Manila, are set to arrive in Cebu on Tuesday, April 28. That is according to authorities, who confirmed…

BFAR-7 continues to supply bangus fry, fingerlings to fisherfolk, private fishpond operators

Irene R. Sino Cruz 04/27/2020

CEBU CITY, Philippines—The facilities of the Bureau of Fisheries and Aquatic Resources in Central Visayas (BFAR-7) continue their production of fish stock, such as bangus fry and fingerlings, for distribution to fisherfolk and private fishpond operators. One…

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