Visayas poised for continued economic growth in 2025, OPAV says

Niña Mae C. Oliverio 01/26/2025

CEBU CITY, Philippines — The Office of the Presidential Assistant for the Visayas (OPAV) recently expressed its focus on fostering economic growth in the Visayas region with a vision for the year 2025. In a forum with…

Cebu’s December inflation climbs to 3.5%

Niña Mae C. Oliverio 01/23/2025

CEBU CITY, Philippines — The inflation rate in Cebu Province in December has climbed to 3.5 percent from 2.8 percent in November 2024. Chief Statistical Specialist Melchor Bautista of the Philippine Statistics Authority (PSA-Cebu) reported this result…

Bitcoin hits record above $109,000 awaiting Trump 

Agence France Presse 01/21/2025

LONDON, United Kingdom — Bitcoin hit a record high above $109,000 on Monday as Donald Trump, who plans to deregulate the cryptocurrency sector and has launched his own “meme coin”, prepares to be sworn in as US…

Finland seeks Filipino workers to fill growing demand in key industries

Alden Monzon - @inquirerdotnet 01/20/2025

MANILA, Philippines — Finland is inviting more Filipinos to work in the country to address its need for skilled workers and challenges from an aging population. Business Finland, a government agency, highlighted job opportunities for Filipinos in…

InstaPay fund transfers surpass ATM withdrawals, BSP says

Ian Nicolas P. Cigaral - @inquirerdotnet 01/18/2025

Filipinos now prefer digital payments over ATM withdrawals, with InstaPay fund transfers surpassing ATM transactions in both value and volume after the pandemic. According to the Bangko Sentral ng Pilipinas (BSP), InstaPay transactions in September 2024 reached…

Taiwan biz delegation eyes ecozone development in PH

01/17/2025

MANILA, Philippines – A business delegation from Taiwan met with officials of the Philippine Economic Zone Authority (PEZA) to explore investment opportunities in the country, particularly in ecozone development. In a statement Friday, PEZA said the Taiwanese…

OFW remittances hit 6-month low in November 2024 due to weak peso

Ian Nicolas P. Cigaral - @inquirerdotnet 01/16/2025

Remittances or money sent home by Filipinos working abroad dropped to a six-month low in November 2024, as the weak peso helped them save on transfer costs. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances…

Cebuanos invited to visit China as PH, China mark 50 years of diplomatic ties

Morexette Marie B. Erram 01/16/2025

CEBU CITY, Philippines – Despite ongoing tensions at the West Philippine Sea, the Chinese government is hoping for stronger bilateral ties with the Philippines. This year, China and Philippines will be celebrating its 50th anniversary of diplomatic…

UN report: PH one of strongest performers in Southeast Asia

Anna Leah Gonzales - Philippine News Agency 01/13/2025

MANILA, Philippines — Philippine economic growth is expected to accelerate this year and in 2026, making the country one of the strongest performers among Southeast Asian economies. UN report: PH one of strongest performers in Southeast Asia…

BSP considering subscription fee on digital transactions

Anna Leah Gonzales - Philippine News Agency 01/10/2025

MANILA, Philippines – Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the central bank is considering a subscription fee model for digital transactions. “If you look at the payment system, every time you add one more participant,…

PAL mounts more domestic flights from Cebu

Tyrone Jasper C. Piad 01/09/2025

Philippine Airlines (PAL) is expanding its domestic network by introducing by March 1 a new route linking Cebu to Catarman, the capital of northern Samar. On the same date, the flag carrier will also increase its Cebu-Siargao…

Peso poised to hit record low amid strong dollar surge

01/09/2025

The Philippine peso may fall below the 59:$1 mark in the second quarter of 2025, reaching a new record low as Asian currencies weaken due to the strong US dollar. HSBC Global Research economist Aris Dacanay told…

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