Fintech firms need to collaborate with banks

Irene R. Sino Cruz 08/09/2019

CEBU CITY, Philippines—Financial technology (Fintech) companies need to collaborate with banks to be able to offer financial services. Miguel Angelo Villa-Real, president of Bank Marketing Association of the Philippines (BMAP), said this during a press briefing on…

Cebu’s Rene Almendras returns as Manila Water president

Cris Evert Lato-Ruffolo 08/09/2019

MAKATI CITY, Philippines — Cebuano leader Jose Rene Gregory D. Almendras will be back as president of Manila Water, a position that he held 10 years ago prior to joining the Philippine government in June 2010. Almendras…

Cebu-based shipping companies create unified organization

Irene R. Sino Cruz 08/08/2019

CEBU CITY—The owners and operators of Cebu-based shipping companies established a single organization to promote development in the domestic shipping industry. The Phililppine Coastwise Shipping Association Inc. (PCSA) is composed of members, who used to belong to…

Ayala lauded by FTSE4GOOD Index Seriesfour years in a row

PR 08/06/2019

Ayala Corporation (Ayala) was re-confirmed as a constituent of the FTSE4GOOD Index Series following the June 2019 review of its Environmental, Social, and Governance (ESG) performance. London-based FTSE Russell, a global sustainability index provider, first formally included…

Inflation eased to 2-year low of 2.4% in July

08/06/2019

MANILA, Philippines — Inflation further eased to 2.4 percent year-on-year in July mainly due to stable food prices, including declining retail prices of rice, the government reported Tuesday. The rate of increase in prices of basic commodities…

Moratorium on Metro Manila ecozone approval to discourage BPO investments in RP

Irene R. Sino Cruz 08/05/2019

CEBU CITY—The moratorium on the approval of economic zone applications in Metro Manila could dampen new investments in the business process outsourcing (BPO) industry. This was the assessment of the officials of the Contact Center Association of…

BFAR to extend P500K assistance to fishermen in Cebu’s 2nd District

Irene R. Sino Cruz 08/02/2019

CEBU CITY—The Bureau of Fisheries and Aquatic Resources in Central Visayas (BFAR-7)  has allocated over P500,000 for projects to benefit fishermen in Cebu’s 2nd congressional district. BFAR-7 Director Alfeo Piloton and Representative Wilfredo Caminero of Cebu’s 2nd…

‘Mactan Cebu International Airport has grown by leaps and bounds’

Irene R. Sino Cruz 07/31/2019

CEBU CITY—The Mactan Cebu International Airport Authority (MCIAA) marked its 29th anniversary Wednesday, July 31, 2019, with a remarkable growth in passenger traffic and in the number of flights. MCIAA was created as a government-owned and controlled…

Filipino Homes offers home construction management, other value added services

Irene R. Sino Cruz 07/30/2019

CEBU CITY, Philippines—Starting out as a marketing group, Filipino Homes is now venturing into home construction management and other value-added businesses. “When we started as a marketing group, we saw some value-added businesses that will support our…

GMCAC remains committed to making MCIA a regional hub

Irene R. Sino Cruz 07/30/2019

CEBU CITY, Philippines — The GMR Megawide Cebu Airport Corporation (GMCAC) remained committed to making the Mactan Cebu International Airport (MCIA) a regional hub by attracting additional flights just like the soon to start between Cebu and…

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