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LAPU-LAPU CITY, Cebu — Lapu-Lapu City residents, particularly in Barangay Pajac, can take advantage of the low-priced agricultural products at the newly opened Kadiwa Store at Primark Center Mactan. John Racoma, one of the participants in the…
After four weeks of price hikes, fuel companies will lower petroleum prices starting Tuesday, October 22. Seaoil and Shell Pilipinas announced on Monday that gasoline will drop by 50 centavos per liter, while diesel will decrease by…
CEBU CITY, Philippines —Following the shut down of a company in Mactan Export Processing Zone (MEPZ) in Lapu-Lapu City last month, at least 337 workers had been retrenched. Retrenchments like this can greatly affect the country. “When…
Ayala Corp. is selling half of its stake in popular e-wallet GCash to Japan’s Mitsubishi Corp. for at least P18.4 billion. As a result, Mitsubishi will own 50 percent of AC Ventures Holdings Corp ., which in…
Recent typhoons have impacted local food production, with the Philippine Statistics Authority (PSA) reporting a drop in palay (unhusked rice) output in the third quarter. Palay production from July to September is estimated at 3.35 million metric…
MANILA, Philippines — Another batch of employees has been retrenched by the Lopez family-led ABS-CBN Corp., which has yet to erase its balance sheet losses. This move from the media group came amid financial struggles due to…
CEBU CITY, Philippines — The Mactan-Cebu International Airport (MCIA) has pledged to achieve net-zero by 2050 as part of its plans to becoming a sustainable gateway. Executives of MCIA’s two operators – Mactan Cebu International Airport Authority…
CEBU CITY, Philippines — The new wage hike in Central Visayas may have an impact on how consumers spend their wage on necessities. Wage Order No. ROVII-2, published on September 16, 2024, provides for an increase of…
MANILA, Philippines — Oil companies are set to implement big adjustments in fuel prices on Tuesday, October 15 with nearly P3 per liter increase from last week’s costs. According to Shell Pilipinas and Seaoil in separate advisories,…
WASHINGTON, United States — The world’s 26 poorest economies are facing the most significant debt burden since 2006, the World Bank announced in a new report published Sunday. Government debt in these countries, which are home to…
The Philippines is expected to import more rice this year and next, keeping its position as the world’s top rice importer due to the impact of El Niño, La Niña, and recent typhoons on local production. According…
Multinational firms’ lending to their Philippine subsidiaries drove foreign direct investments (FDIs) to a five-month high in July, reaching halfway through the Bangko Sentral ng Pilipinas’ (BSP) 2024 projection. According to the BSP’s report, July saw a…
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