Cebu City ‘BPO Day’ on March 28 gets City Council’s okay

Niña Mae C. Oliverio 04/25/2024

CEBU CITY, Philippines — The Cebu City Council approved on its third and final reading the proposed ordinance dedicating March 28 as “BPO Day” in Cebu City. The proposed ordinance authored by Councilor Pancrasio “Francis” Esparis was…

GSIS profit in Q1 soars to P37 billion

04/25/2024

MANILA, Philippines — The Government Service Insurance System (GSIS) increased its profit by 21 percent in the first quarter compared to last year, thanks to better investment earnings in important sectors. The pension fund for government employees announced…

Marcos to DA: Relax rules on farm imports to bring down prices 

Melvin Gascon 04/22/2024

MANILA, Philippines — President Ferdinand Marcos Jr. instructed the Department of Agriculture to ease rules and remove nontariff barriers on importing farm products to increase local supply and lower prices of items like rice and pork. The President’s…

Cebu City wants to declare special ‘BPO Day’ to honor sector’s economic impact

Niña Mae C. Oliverio 04/21/2024

CEBU CITY, Philippines — Cebu City’s economy has benefited significantly from the Business Process Outsourcing (BPO) industry. The City Council plans to honor the dedicated workers in this sector by declaring a special ‘BPO Day’. Councilor Pancrasio “Francis”…

AI impact on IT-BPM industry fuels future growth

Carl Lorenciana 04/18/2024

The Contact Center Association of the Philippines (CCAP) said that generative Artificial Intelligence (AI) has generated positive impact not just to contact center companies but also to the entire Information Technology and Business Process Management (IT-BPM) industry.…

Impact of extreme heat: soaring prices as vegetable supply drops, vendors fear for livelihood

Emmariel Ares 04/18/2024

CEBU CITY, Philippines – Lera Daral is a regular shopper at Carbon Public Market in Cebu City. Every week, she joins countless others in buying groceries, especially vegetables. The market, known as the oldest and largest in…

Chinese tourist absence hampers PH tourism recovery

Ian Nicolas P. Cigaral 04/15/2024

Bank of America’s (BofA) recent report pointed out that the Philippines, along with China, Hong Kong, and Taiwan, are still struggling to catch up in tourism recovery compared to other parts of Asia, as tourist arrivals in…

Fuel pump prices to go up again this week

04/15/2024

MANILA, Philippines — Motorists can expect another increase in fuel prices this week because of various geopolitical events outside the Philippines. Unioil predicts diesel will go up by 80 centavos to P1 per liter and gasoline by…

Coal still dominates as renewables grow in PH’s power mix

Jordeene B. Lagare 04/12/2024

MANILA, Philippines — Coal-fired power plants continue to dominate energy generation in the Philippines, even as renewable energy sources have also seen growth in their contribution to the power grid’s capacity. According to the Department of Energy…

Gov’t sees stronger peso this year

Ian Nicolas P. Cigaral 04/11/2024

MANILA, PHILIPPINES — The Marcos administration doesn’t expect the peso to reach 58 per dollar this year anymore due to lower import forecasts. Now, the interagency Development Budget Coordination Committee (DBCC) predicts the peso will average between…

IATA: Asia-Pacific sees strong demand in air travel this year

Tyrone Jasper C. Piad 04/08/2024

MANILA, Philippines —The Asia Pacific aviation sector, including the Philippines, had a robust beginning to the year with sustained momentum in air travel demand, the International Air Transport Association (IATA) said. According to the latest data from…

Why cybersecurity is crucial for any business

Carl Lorenciana 04/06/2024

CEBU CITY, Philippines — With cyber threats looming ever larger in today’s digital landscape, local businesses especially in Cebu are facing an urgent need: prioritize cybersecurity or risk dire consequences. A Cebu-based cybersecurity expert has emphasized the…

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