Cebu’s Aboitiz makes it to Forbes’ list of World’s Best Employers in 2021

Morexette Marie B. Erram 10/17/2021

CEBU CITY, Philippines — Cebu-based conglomerate Aboitiz Equity Ventures (AEV) once again made it to the list of World’s Best Employers by Forbes magazine. AEV ranked 665th in Forbes’ World’s Best Employers for 2021. In a statement…

Cebu City Treasurer’s Office targets P7B collection in 2021

Dyrecka Letigio 10/13/2021

CEBU CITY, Philippines—The Cebu City Treasurer’s Office (CTO) is targeting to collect at least P7 billion in revenues in 2021.  City Treasurer Mare Vae Reyes said that they have collected P4.2 billion in actual income, P1.7 billion…

Mingla reclamation project a go

Morexette Marie B. Erram 10/08/2021

CEBU CITY, Philippines – The reclamation project in Minglanilla town in south Cebu is a go. Real estate developer Cebu Landmasters Inc. (CLI), in a recent filing made before the Philippine Stock Exchange (PSE), announced that the…

DBP approves P40-billion infra loans

PR 10/07/2021

State-owned Development Bank of the Philippines (DBP) has approved P39.5-billion in loans under its flagship credit program that aims to address funding gaps in infrastructure development in the country, a top official said. DBP President and Chief…

Transportify Now Available in Cebu with Lowest Prices

PR 09/23/2021

CEBU, Philippines — On-demand delivery just got better and more affordable for Cebuanos. Transportify, the country’s largest logistics app platform, is now available in Cebu. Transportify has been in the Philippines since 2016 and is already available…

Selected brgys in Cebu City pilot areas for ‘prepaid electricity’

Morexette Marie B. Erram 09/22/2021

CEBU CITY, Philippines – Visayan Electric will be rolling out a new way for consumers to manage their electricity use. The distribution utility, during a virtual briefing last Tuesday, September 20, announced that they will be implementing…

Expect dip in electricity rates soon, says Visayan Electric

Morexette Marie B. Erram 09/21/2021

CEBU CITY, Philippines – Consumers in Metro Cebu can expect a decrease in their electricity bills soon. This developed after the Visayas Electric Company announced that they have terminated their contract with Cebu Private Power Corporation (CPPC).…

DBP extends P8.5-billion in rehabilitation and recovery financing

09/17/2021

CEBU CITY, Philippines — State-owned Development Bank of the Philippines (DBP) has approved P8.5-billion in funding support for the rehabilitation efforts of both public and private institutions adversely affected by the current public health crisis, a top…

GCQ in Cebu, Mandaue could lead to stronger economic climate by year-end

Morexette Marie B. Erram 09/07/2021

CEBU CITY, Philippines – The business sector in the cities of Cebu and Mandaue are now optimistic that the economy’s health will be stronger by December. This after the national government’s anti-COVID task force approved recommendations to…

CCCI welcomes move to slowly reopen businesses in Cebu City

Dyrecka Letigio 09/03/2021

CEBU CITY, Philippines — Allowing certain businesses to open and serve customers will bring the much needed relief for many businesses.  This was the statement of Felix Taguiam, the Cebu Chamber of Commerce an Industries (CCCI) in…

Govt to help around 300 workers affected by Fooda’s closure

Morexette Marie B. Erram 08/29/2021

CEBU CITY, Philippines – Around 300 workers will be affected by the impending permanent closure of Cebu-based supermarket chain Fooda Saversmart, the labor department reported. The Department of Labor and Employment in Central Visayas (DOLE-7) confirmed that…

Fooda Saversmart says goodbye after 19 years

Morexette Marie B. Erram 08/26/2021

CEBU CITY, Philippines – Another business in Cebu is shutting its doors as the COVID-19 pandemic drags on this year. Beloved Cebuano supermarket brand Fooda on Thursday, August 26 announced that they would be closing all their…

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