Cebu business sector willing to police self to help reduce COVID cases

Delta Dyrecka Letigio 02/25/2021

CEBU CITY, Philippines — The Cebu business sector is willing to police themselves in order to help reduce the Coronavirus Disease 2019 (COVID-19) cases in the city. This they promised during the Cebu Citizens’ Initiative forum on…

Castrol Phils Inc. seals distributorship deal with North Trend Marketing Corp

02/18/2021

MANILA, Philippines — Castrol Philippines Inc. has sealed a strong partnership with North Trend Marketing Corporation (NTM), appointing the country’s leading name in lubricants distributorship as its authorized provider of commercial and industrial lubes in the Philippines.…

Asian markets mixed as inflation fears play against recovery hopes

Agence France Presse 02/18/2021

HONG KONG – Asian markets were mixed Thursday on profit-taking and growing worries about inflation, which offset long-running optimism about the global recovery as vaccines are rolled out, infection rates slow and Joe Biden’s stimulus winds through…

2-3 million MSME workers to benefit from proposed wage subsidy program — DOLE

Cathrine Gonzales - Reporter / @cgonzalesINQ 02/15/2021

  MANILA, Philippines — Two to three million workers of micro, small, and medium enterprises (MSMEs) may benefit from the P52-billion wage subsidy program being proposed by the Department of Labor and Employment (DOLE), Labor Secretary Silvestre…

Cebu’s business sector: Vaccine is key to economic revival

Delta Dyrecka Letigio 02/12/2021

CEBU CITY, Philippines — The business sector in Cebu believes that the economic revival of the province and the tricities would greatly rely on a successful vaccination program against the Coronavirus Disease 2019 (COVID-19). Cebu Chamber of…

Cebu chamber named COVID-19 hero for Asia Pacific region

Morexette Marie B. Erram 02/07/2021

CEBU CITY, Philippines — An international award-giving body gave recognition to the Cebu Chamber of Commerce and Industry (CCCI) for its efforts in addressing the crisis brought about by the coronavirus disease 2019 (COVID-19) pandemic. The CCCI…

Economists urge more food imports to temper price spikes

Ben O. de Vera - Reporter / @bendeveraINQ 02/06/2021

MANILA, Philippines — More economists are urging greater importation in view of expensive food that jacked up the inflation rate to a two-year high of 4.2 percent year-on-year in January. “Our priority right now is to ensure…

Debt-to-GDP ratio jumped to 14-year high in 2020

Philippine Daily Inquirer 02/04/2021

Repayments and a stronger peso slightly tempered debt accumulation in December last year, but the record recession coupled with a jump in borrowings to fight COVID-19 jacked up the share of unpaid obligations to the Philippine economy…

Metro Ayala reopens 3 years after the fire to better serve Cebuano shoppers

Marc Cosep 02/02/2021

Just like a phoenix rising from the ashes, Metro Gaisano in Ayala Center Cebu reopened its doors last January 29 to offer an even better brand of service to Cebuano shoppers . Manuel Alberto, president and chief…

Cebu City dad to DMDP: Hold virtual job fairs

Delta Dyrecka Letigio 01/30/2021

CEBU CITY, Philippines — A Cebu City councilor is asking the Department of Manpower Development and Placement (DMDP) to hold virtual job fairs for residents. In a resolution passed by the City Council this week, Councilor Alvin…

MCIA receives accreditation from Airports Council International

Morexette Marie B. Erram 01/30/2021

CEBU CITY, Philippines – The Philippines’ second-busiest airport has received accreditation from the international trade organization representing the world’s airport authorities. The Mactan Cebu International Airport (MCIA) was awarded the Airports Council International – Airport Health Accreditation…

Gaisano retail unit holds off on Cebu warehouse, prioritizes Luzon

Doris Dumlao-Abadilla 01/26/2021

Gaisano group-led retailer Metro Retail Stores Group Inc. (MRSGI) has carved P714.91 million out of its initial public offering (IPO) proceeds to build a new warehousing and logistics hub in Sta. Rosa City, Laguna province. “At present,…

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