Easing inflation, election spending seen to drive economic growth in Q2

Mariedel Irish U. Catilogo 07/22/2024

The Philippine economy may grow by 7.1 percent in the second quarter due to easing inflation and mid-term election spending, the Bank of the Philippine Islands’ (BPI) lead economist said. This exceeds the government’s annual growth target…

Think tank: Peso could rally to 56:$1 by year-end

Ian Nicolas P. Cigaral 07/19/2024

The Philippine peso is expected to strengthen to 57 per US dollar in the third quarter as the US economy shows signs of slowing down. According to a quarterly forecast by London-based Capital Economics, the peso may…

Mandaue City’s inflation remains the highest in Cebu at 7.4% in June

Shannah Rose Pardo 07/16/2024

CEBU CITY, Philippines — Mandaue City’s inflation rate further quickened to 7.4 percent in June 2024, still the highest in Cebu, according to the Philippine Statistics Authority in Central Visayas (PSA-7). In an inflation report released on…

Central Visayas shows 0.8 % rise of inflation rate in June 2024

Niña Mae C. Oliverio, Shannah Rose Pardo 07/12/2024

CEBU CITY, Philippines — From 4.0 percent, the inflation report for Central Visayas shows another 0.8 rise in June 2024. In a data dissemination forum on Friday, July 12 in Cebu City, Philippine Statistic Authority Central Visayas…

Major companies, university eye to invest in Danao City in 3-5 years

Niña Mae C. Oliverio 07/07/2024

DANAO CITY, Cebu — Bigger projects are eyed in Danao City for the next three to five years, its city mayor revealed during his ‘first’ State of the City Address (SOCA) on July 5. Danao City Mayor…

Regular flights to Bantayan Island, Cebu to launch this August

Morexette Marie B. Erram 07/04/2024

CEBU CITY, Philippines — Beginning this August, travelers will finally have the option to fly directly to Bantayan in northern Cebu. The Cebu Provincial government recently announced that regular flights between the mainland and Bantayan Island via…

Dubai Kalayaan 2024: JC empowers Filipino entrepreneurs

CDN Digital 07/04/2024

The Dubai World Trade Center was filled with excitement as the Filipino community there came together for the Dubai Kalayaan Event 2024 held last June 9. Among the participants of the gathering was JC Premiere, bringing a…

Casino project in Cebu: Firm ends talks to acquire it

Carl Lorenciana 07/02/2024

Tiger Resort Leisure and Entertainment Inc. (TRLEI), one of the parent companies of Okada Manila, has ended its talks with Dennis Uy’s PH Resorts (PHR) to acquire the latter’s unfinished development of Emerald Bay casino in Mactan…

LPG prices rise by P6 per 11-kg tank in July

Lisbet Esmael - @inquirerdotnet 07/01/2024

Filipino households will face higher cooking gas prices this month as oil companies raise liquefied petroleum gas (LPG) costs. Over the weekend, Solane and Petron announced that LPG prices will increase by 55 centavos per kilogram, or…

Councilor proposes ordinance to curb disposable food container use, reduce waste in Cebu City

Niña Mae C. Oliverio 06/30/2024

CEBU CITY, Philippines — To help protect the environment and reduce pollution in Cebu City, Councilor Jose Lorenzo Abellanosa has proposed an ordinance to regulate the use of disposable food containers. Councilor Jose Lorenzo Abellanosa proposed the…

UN Tourism chief urges Cebu to build a ‘gastronomy center’

Morexette Marie B. Erram 06/27/2024

CEBU CITY, Philippines – Historic Cebu should leave a legacy in the world’s gastronomy scene. This is what the top official of the United Nations Tourism Organization (UN Tourisn) urged stakeholders to consider as the island province…

UN Tourism: Over 300 delegates to arrive in Cebu

Morexette Marie B. Erram 06/24/2024

CEBU CITY, Philippines — More than 300 delegates from 30 nations will arrive here this week as Cebu will serve as host for two fora for the United Nations Tourism Organization (UN Tourism). The Philippines was selected…

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