BPOs to continue to fuel office demand in Cebu

Jose Santino S. Bunachita 09/21/2018

The booming outsourcing sector continues to be the biggest demand driver for office space in Cebu despite initial concerns of a slowdown. In its latest report, property management and research firm Colliers International Philippines concluded that the…

Cebu properties looking to become tourism ecozones

Gerard Vincent Francisco 09/21/2018

  A RESORT-CASINO, a mixed-use township, and leisure residences are among the properties in Cebu particularly in Mactan Island that are looking to be designated as tourism enterprise zones (TEZ). Donald Maldonado, Tourism Infrastructure and Enterprise Zone…

Exporters press for PH-South Korea deal on bananas

Inquirer.net 09/20/2018

BANANA exporters could lose the Korean market if the latter insists on resolving a key trade issue through a longer process. The Pilipino Banana Growers and Exporters Association (PBGEA) has urged the government to come up with…

Cebu biz leaders to gov’t: Address weakening peso

Delta Dyrecka Letigio USJ-R Journalism Intern 09/20/2018

The government should address the weakening peso which has dropped past P54 against the US dollar level and has affected businesses in the country including that of Cebu. Antonio Chiu, Cebu Chamber of Commerce and Industry (CCCI)…

ALTERNATIVE TO REFILLED BUTANE CANISTERS: Co-op eyes 3M Cebuanos for its safer LPG cylinders

Jose Santino S. Bunachita, Reporter 09/19/2018

A cooperative is targeting the three million Cebuanos, who prefer to use smaller cylinders like refilled butane canisters to regular LPG tanks, with the launch of its newest offering to the market — refillable stainless steel cylinders…

Business leader to gov’t: Focus on competitiveness

Gerard Vincent Francisco, USJ-R Intern 09/19/2018

CEBU businessmen are encouraging the government to focus on the country’s competitiveness as Congress continues to deliberate on the second package of the Tax Reform for Acceleration and Inclusion (TRAIN) law. Antonio Chiu, Cebu Chamber of Commerce…

BSP sees yearend in country’s inflation woes

Inquirer.net 09/18/2018

Some of the price increases that have pushed the country’s inflation rate to its highest in nearly a decade can be attributed to a weak peso, which has been on a downtrend since the start of the…

Coke explores possibility of using cannabis in wellness drinks

AP 09/18/2018

THE Coca-Cola Company said Monday it is “closely watching” the expanding use of a cannabis element in drinks, another sign cannabis and cannabis-infused products are getting more acceptance in mainstream culture and a harder look from long-established…

CEO: Philhealth still ‘sound and stable’

Inquirer.net 09/18/2018

THE Philippine Health Insurance Corp. (PhilHealth) denies being on the brink of bankruptcy, insisting that it remains a “sound and stable institution” with close to P7 billion in net income in the first half of 2018. The…

Biz heads: Cebu to take a hit from higher airline ticket costs

Jose Santino S. Bunachita 09/18/2018

AIRLINES’ REIMPOSITION OF FUEL SURCHARGE Local tour and travel operators are wary over the recent decision of the Civil Aeronautics Board (CAB) to reimpose the fuel surcharge by airlines on plane tickets due to increasing prices of…

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