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DTI sees no increase in prices of Christmas products

Krissy Aguilar - Reporter / @KAguilarINQ 09/17/2020

MANILA, Philippines — The Department of Trade and Industry (DTI) on Thursday said it is not expecting an increase in the prices of Christmas products because of a slack in demand. But as the holiday season approaches,…

Negosyo Center in Talisay City launched

Delta Dyrecka Letigio 09/16/2020

CEBU CITY, Philippines — A Negosyo Center was launched in Talisay City to cater to small and medium enterprises (SMEs) and help ease the processing of various business-related permits. Mayor Gerald Anthony “Samsam” Gullas said this is a…

Pandemic-hit PH, Asean consumers changing buying habits, says Nielsen study

Daxim L. Lucas - Reporter / @daxinq 09/14/2020

New socioeconomic and behavioral patterns are shaping the future of the fast moving consumer goods (FMCG) market in Southeast Asia, which appears to be less and less influenced by the news cycle about coronavirus transmission, according to…

PSA: No foreign investments in CV for Q2 2020

Morexette Marie B. Erram 09/13/2020

CEBU CITY, Philippines — Investments in Central Visayas massively dropped when the coronavirus pandemic peaked during the second quarter this year. Figures posted by the Philippine Statistics Authority (PSA) showed that the total investments both from foreign…

Cautious mood returns to the market; PSEi sheds points

Doris Dumlao-Abadilla 09/11/2020

The local stock barometer dipped on Thursday, September 10, 2020, as caution returned to the market after the sharp gains seen earlier in the week. The main-share Philippine Stock Exchange index (PSEi) declined by 30.45 points or…

IT-BPM firms urged to strengthen academe-industry ties

Morexette Marie B. Erram 09/10/2020

CEBU CITY, Philippines — Information technology (IT) and business process outsourcing (BPOs) players here in Cebu were encouraged to reinforce their ties with the academe. Former Cebu IT-BPM Organization managing director and now consultant Wilfredo ‘Jun’ Sa-a…

Gov’t ramps up spending to fight COVID-19

Ben O. de Vera 09/10/2020

To better fight COVID-19 and fast-track recovery from the pande­mic-induced recession, the government plans to spend a bigger amount of P2.33 trillion during the second half of this year. The latest quarterly fiscal program for 2020 released…

Cebu City falls 3 notches in Tholons’ super cities list

Morexette Marie B. Erram 09/06/2020

CEBU CITY, Philippines – Cebu City’s rank in Tholons’ list of Super Cities for outsourcing has slipped a few notches for two consecutive years. In their Tholons Services Globalization Index (TSGI) report for 2020, Cebu City ranked…

Dominguez vows gov’t to catch, jail UCPB cybercrime perpetrators

Ben O. de Vera - Reporter / @bendeveraINQ 09/04/2020

MANILA, Philippines — President Rodrigo Duterte’s chief economic manager on Friday vowed to go after the cybercriminals that had victimized the state-run United Coconut Planters Bank (UCPB), while ordering the government financial institutions (GFI) under his watch…

Price hikes likely to remain muted as Aug. inflation comes in below BSP’s forecast

Daxim L. Lucas - Reporter / @daxinq 09/04/2020

MANILA, Philippines — Price pressures on basic goods and services will likely remain muted over the near term, according to the central bank, as it welcomed the lower-than-expected August inflation rate which came in below the monetary…

Inflation eases to 2.4 percent in August

Cathrine Gonzales 09/04/2020

MANILA, Philippines — The country’s headline inflation eased to 2.4 percent in August from 2.7 percent in July, the Philippine Statistics Authority (PSA) said Friday, September 4, 2020. The latest figure brings the year-to-date inflation for 2020…

DTI sees 4K percent rise in online businesses during virus lockdown

Christia Marie Ramos - Reporter / @CMRamosINQ 09/03/2020

MANILA, Philippines — The Department of Trade and Industry (DTI) has seen a 4,000-percent increase in the number of registered online businesses during the six-month lockdown enforced by the government to curb the spread of the coronavirus…

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