30 Cebu establishments receive Gold Bagwis Seal

Futch Anthony Inso 06/09/2021

CEBU CITY, Philippines—The “Gold Bagwis Seal” was given to 30 establishments in Cebu Province by  the Department of Trade and Industry (DTI). The Bagwis award is given to establishments that uphold the rights and welfare of consumers…

Converge invests billions for VisMin expansion; Cebu as hub

Morexette Marie B. Erram 06/08/2021

CEBU CITY, Philippines – Internet service provider Converge ICT Solutions Inc. poured ‘billions’ for its expansion in the Visayas-Mindanao (VisMin) area. Converge opened its VisMin regional headquarters in Oakridge I.T. Center 2, A.S. Fortuna Street, Mandaue City…

Central Visayas accounts 58% of PH’s traded domestic goods

Morexette Marie B. Erram 05/30/2021

CEBU CITY, Philippines – Central Visayas leads in the country’s domestic trade for the first quarter of 2021, state statisticians announced. Data from the Philippine Statistics Authority (PSA) showed that Central Visayas is the country’s region with…

Robinsons realty firm plans P26.7B IPO for its REIT

Doris Dumlao-Abadilla - Reporter / @philbizwatcher 05/27/2021

MANILA, Philippines—Gokongwei-led Robinsons Land Corp. (RLC) plans to raise as much as P26.7 billion from the initial public offering of a real estate investment trust (REIT) that it will sponsor. According to a registration statement filed with…

Redeveloped Carbon to bring P70M in annual income to Cebu City

Morexette Marie B. Erram 05/27/2021

CEBU CITY, Philippines – The Carbon redevelopment project is expected to bring in an annual income of up to P70 million to Cebu City, according to its proponents. Megawide Construction Corporation, in a press release issued on…

Retailers told: Price freeze for basic necessities

Morexette Marie B. Erram 05/25/2021

CEBU CITY, Philippines – Sellers of basic necessities in Central Visayas are reminded of the prevailing price freeze while the entire country is placed under a state of calamity due to the African Swine Fever (ASF). In…

PH expands okra exports to South Korea

richbon-quevedo - @inquirerdotnet 05/13/2021

MANILA, Philippines – The Philippines will start exporting okra or lady’s fingers to South Korea, the Department of Agriculture (DA) said. “After the resumption of okra exports to Japan last year, we are opening yet another market…

DOLE-7 says manufacturing, construction, entertainment industries badly hit by pandemic

Futch Anthony Inso 04/30/2021

CEBU CITY, Philippines – The Department of Labor and Employment (DOLE)-7 has recorded 192 establishments that have permanently closed or have ceased their operations in 2020, due to the Coronavirus Disease 2019 (COVID-19) pandemic. “In 2020 actually,…

NSA-7: Central Visayas’ Gross Domestic Product declined in 2020

Mary Rose Sagarino 04/29/2021

LAPU-LAPU CITY, Philippines — The Gross Regional Domestic Product (GRDP) of Central Visayas in 2020 declined to negative 9.9 percent, lower than the 6.2 percent the region posted in 2019. Based on the report by the Philippine…

Uy’s Chelsea cut jobs, sent IOUs as losses bulged to P3.3B

Miguel R. Camus - Reporter / @miguelrcamusINQ 04/24/2021

MANILA, Philippines — The logistics group of Davao-based businessman Dennis A. Uy cut jobs, sought loan waivers and shed other assets apart from selling affiliate 2GO Group Inc. in a bid to stay afloat this COVID-19 pandemic. In…

To reduce power rates, VECO to renegotiate contracts with power suppliers 

Morexette Marie B. Erram 04/14/2021

CEBU CITY, Philippines – The Visayan Electric Co. (VECO) will be renegotiating several of its power contracts as part of its fulfillment to reduce power rates in Cebu. In a recent press release, VECO announced it is…

Visayas Community Medical Center to revamp operations, get new look

Morexette Marie B. Erram 03/21/2021

CEBU CITY, Philippines — A new Visayas Community Medical Center (VCMC) is set to be unveiled anytime soon. AppleOne Medical Group (AMG), the health and wellness arm of developer AppleOne Properties Inc. (API), is currently embarking on…

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