Seafood, fish products from Madridejos remain in demand amid pandemic

Morexette Marie B. Erram 11/29/2020

BANTAYAN ISLAND, Philippines — The coronavirus crisis has adversely affected nearly all sectors in Cebu, both small and large-scale.  But in the sleepy town of Madridejos, located approximately 140 kilometers northwest of Cebu City, fisherfolks are still…

DTI issues SRP for Noche Buena products

Futch Anthony Inso 11/26/2020

CEBU CITY, Philippines- The Department of Trade and Industry (DTI) has already issued a suggested retail price (SRP) for Noche Buena products to guide consumers as Christmas draws near. Ines Cajegas, chief of the Consumer Protection Division…

DOLE-7 has disbursed P25M for displaced workers under Bayanihan 2

Futch Anthony Inso 11/24/2020

CEBU CITY, Philippines– Around 5,131 workers in Central Visayas who were displaced and temporarily laid-off due to the impact of the Coronavirus Disease 2019 (COVID-19), have already received the P5,000 financial assistance under the COVID-19 Adjustment Measure…

Post-COVID growth prospects of Cebu, Davao residential markets

Joey Roi Bondoc 11/21/2020

Colliers remains optimistic about the growth prospects of the Philippine property market in 2021. Several key indicators point to some glimmer of optimism. Overseas Filipinos continue to send in money; foreign investments are starting to rise; mortgage…

Cebu City eyes market trading post to regulate prices of goods

Delta Dyrecka Letigio 11/21/2020

CEBU CITY, Philippines — Cebu City plans to put up a market trading post at the Carbon Market to facilitate the regulation of prices of goods.  Market Operations Division (MOD) Head Irvin Cabales said that their agency…

Strict enforcement of health protocols key for Cebu malls’ optimism

Morexette Marie B. Erram 11/19/2020

CEBU CITY, Philippines — As long as minimum health standards are in place, and health protocols are being observed, malls in Cebu are optimistic that the industry’s road to recovery will not be a tedious one. “We…

Asian traders cautious as vaccine hopes offset by virus surge

11/18/2020

Hong Kong, China—Asian markets mostly rose Wednesday, November 18, 2020, but investors were shifting cautiously as they weighed hopes for a virus vaccine against surging infections around the world that threaten an already stuttering economic recovery. While…

Asia markets lifted by fresh vaccine hope

11/17/2020

  Hong Kong, China—Most Asian markets rose Tuesday, November 17, 2020, as hopes the world could begin to return to normal were boosted by news that another vaccine candidate appeared to be effective against the coronavirus. However,…

BSP data: Strong dollar remittances in Sept keep PH economy from sinking

Daxim L. Lucas - Reporter / @daxinq 11/16/2020

MANILA, Philippines — The Philippines’ estimated 10 million citizens abroad once more stepped in to buoy the local economy in the middle of a crisis, driving a late third quarter surge in dollar remittance that helped ward…

Biz sector members urged to do part in preventing rapid virus transmission

Morexette Marie B. Erram 11/16/2020

CEBU CITY, Philippines – Members of Cebu City’s business community are urged to do their part in preventing the rapid transmission of SARS-CoV-2, the virus that causes COVID-19. Felix Taguiam, president of Cebu Chamber of Commerce and…

Dito CME to gain control of telco biz in P68.4-B backdoor deal

Miguel R. Camus - Reporter / @miguelrcamusINQ 11/14/2020

Davao-based businessman Dennis A. Uy’s Dito CME Holdings Corp. is poised to take a controlling stake in Dito Telecommunity through layers of companies as the group reshuffles its shares in the telco startup backed by China Telecom.…

Biz sector: We cannot afford another lockdown

Morexette Marie B. Erram 11/13/2020

CEBU CITY, Philippines – Members of the Cebu business community reminded the public not to let their guard down against the coronavirus pandemic. This as the city’s Emergency Operations Center (E that OC) issued a warning that…

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