Fitch: Shell refinery shutdown spells gloom for vulnerable PH

Ronnel W. Domingo - @inquirerdotnet 10/23/2020

The ripple effect from the permanent shutdown of Shell’s refinery in Tabangao town, Batangas province, in the Philippine economy will be far-reaching, leaving the country exposed to global oil price fluctuations while weakening its potential to attract…

Women’s group in Lapu showcases products

Futch Anthony Inso 10/21/2020

LAPU-LAPU CITY, Cebu—The Kababayen-an sa Opon nga Nagkahiusa alang sa Kalamboan (KONKA), Inc., showcased its different products during the “2020 KONKA Product Promotion” held at the covered court of Barangay Basak here on Wednesday, October 21, 2020.…

Airlines pressed to refund hundreds of millions in unused airfare pending since March

Daxim Lucas 10/21/2020

MANILA, Philippines — The umbrella organization of the country’s largest travel agencies on Wednesday, October 21, 2020, urged airlines to expedite the refund of hundreds of millions worth of unused airfare that have remained pending since the…

Robinsons Retail acquires 300-store Rose Pharmacy

Doris Dumlao-Abadilla - Reporter / @philbizwatcher 10/18/2020

Gokongwei-led retailer Robinsons Retail Holdings Inc. (RRHI) has expanded its footprint in the pharmaceutical distribution space with the acquisition of 300-store Rose Pharmacy Inc. from Hong Kong-based Jardine Matheson group. Mulgrave Corp., a unit of Jardine’s Daily…

Mall sale events now allowed in GCQ, MGCQ areas

Krissy Aguilar - Reporter / @KAguilarINQ 10/16/2020

MANILA, Philippines — To spur consumer activity, the government’s task force on the coronavirus disease (COVID-19) has allowed shopping malls to resume sale events, Malacañang said Friday. “Ang mga establishments at mga malls may hold activities para…

Chan to appeal to senators: Retain PEZA power to grant incentives

Futch Anthony Inso 10/13/2020

LAPU-LAPU CITY, Philippines — Lapu-lapu City Mayor Junard “Ahong” Chan plans to send a letter to senators appealing for the retention of the Philippine Economic Zone Authority’s power to grant incentives to its registered export-oriented enterprise. Earlier,…

Frasco files bill for proposed Camotes Cebu Domestic Airport

Rosalie O. Abatayo 10/11/2020

CEBU CITY, Philippines — Tourists and residents may soon be able to access Camotes Islands by plane, cutting off the long travel time from mainland Cebu to the island group in Cebu’s northeast. Cebu fifth district Representative…

Exports, imports still sliding

Ben O. de Vera 10/10/2020

The value of goods exported and imported by the Philippines in August fell by more than a fifth due to still weak global demand caused by the COVID-19 pandemic. The latest preliminary external trade data released by…

‘Best Island in Asia’ recognition a boost of confidence for Cebu’s tourism

Morexette Marie B. Erram 10/08/2020

CEBU CITY, Philippines – Cebu’s recognition as the favorite island destination in Asia provides the much-needed boost to the local tourism industry that was badly hit by the pandemic. Shalimar Tamano, director of the Department of Tourism…

Capitol microenterprise program application up until Oct. 31

Rosalie O. Abatayo 10/04/2020

CEBU CITY, Philippines — Micro-entrepreneurs and those aspiring to start up their own micro enterprises have until October 31 to sign up for the Capitol’s assistance program that it recently launched in a bid to get the…

MCIA consolidates operations in T1

Morexette Marie B. Erram 10/02/2020

CEBU CITY, Philippines – Starting this November 1, passengers departing both for domestic and international destinations from the Mactan Cebu International Airport (MCIA) will be accommodated in Terminal 1. GMR-Megawide Cebu Airport Corporation (GMCAC), in a media…

Funds raised for MCIA expansion, Carbon redevelopment

Morexette Marie B. Erram 10/01/2020

CEBU CITY, Philippines — Conglomerate Megawide Construction Corporation will be raising up to P5 billion in funds to implement several government-tied projects. In a press statement dated and submitted on September 30, 2020, to the local bourse,…

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