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,…

PH firms see busier 2021 but financing tech shift a challenge, says Grant Thornton

Daxim L. Lucas - Reporter / @daxinq 01/25/2021

MANILA, Philippines — Philippine companies are preparing for economic recovery and are prioritizing the use of technology to meet an expected uptick in business activity this year, but many face a shortage of financial resources needed to meet…

Pandemic gives rise to new entrepreneurs

Roy Stephen C. Canivel - Reporter / @roycanivel_inq 01/21/2021

More than 916,000 enterprises registered and renewed their business names under the Department of Trade and Industry (DTI) last year, driven mostly by pandemic-weary entrepreneurs who wanted to start their own mom-and-pop stores or sell products online.…

Mandani Bay: We are 100% ready for a post-pandemic world

Morexette Marie B. Erram 01/16/2021

CEBU CITY, Philippines – The year 2020 was full of uncertainties and challenges for both local and international developers like HTLand Inc. But this 2021, executives of Mandani Bay are taking on a more positive outlook as…

Mandaue City extends deadline for renewal of business permits

Mary Rose Sagarino 01/16/2021

MANDAUE CITY, Philippines – The Mandaue City government has extended the deadline for the renewal of business permits to March 31, 2021. This after Ordinance no. 15-2021-1614 authored by City Councilor Carmelino del Mar Jr., was passed…

Investors optimistic on strong recovery for earnings, stocks

Doris Dumlao-Abadilla - Reporter / @philbizwatcher 01/04/2021

MANILA, Philippines — After a nerve-wracking year marked by an unprecedented lockdown to contain a coronavirus (COVID-19) pandemic, investors are looking forward to a recovery in corporate earnings and stock prices this 2021. The main-share Philippine Stock…

Cebu Customs posts P3 billion ‘collection surplus’

Morexette Marie B. Erram 12/25/2020

CEBU CITY, Philippines – The Bureau of Customs in the Port of Cebu (BOC-Cebu) is expecting its P3 billion worth of ‘collection surplus’ to increase before 2020 ends. BOC-Cebu, in a press release dated and published on…

Don’t jack up prices of face shields –DTI warns retailers

Futch Anthony Inso 12/22/2020

CEBU CITY, Philippines – The Department of Trade and Industry (DTI)-7 warned face shield retailers not to take advantage of the order of the Inter-Agency Task Force (IATF) on the Management of Emerging Infectious Diseases requiring the…

Research firm: Offices still vital in ‘corporate culture’

Morexette Marie B. Erram 12/21/2020

CEBU CITY, Philippines – Real estate experts in the Asia Pacific expressed confidence that workspaces will remain vital in ‘corporate culture.’ This despite projecting an increase in the costs needed to renovate office spaces. Jones Lang LaSalle…

Price hikes of pork this Christmas, New Year expected

Delta Dyrecka Letigio 12/11/2020

CEBU CITY, Philippines — The Cebu City Department of Veterinary Medicine and Fisheries (DVMF) warns that prices of pork products may increase this holiday season due to high demand.  Dr. Jennifer Laurente, DVMF head, said the ban…

MOD prepares Carbon Market for Christmas rush

Delta Dyrecka Letigio 12/09/2020

CEBU CITY, Philippines — The Cebu City Market Operations Division (MOD) is already taking steps to prepare for the Christmas rush at the Carbon Market now that more people are able to access the market due to…

Displaced workers urged: Get in touch with PESO for job vacancies

Futch Anthony Inso 12/08/2020

LAPU-LAPU CITY, Philippines – The Lapu-Lapu City Government has continued to urge displaced workers to register at the Public Employment Service Office (PESO) for its work facilitation program. Public Employment Service Office (PESO) head Kim Francisco. CDN…

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