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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,…
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…
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…
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…
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…
MANILA, Philippines — The Sy family’s conglomerate SM Investments Corp. is taking over 2Go Group Inc., strengthening its footprint in logistics during a period of upheaval for the industry. SM is taking a controlling stake in 2Go…
CEBU CITY, Philippines – The Mactan Cebu International Airport (MCIA), the country’s second-busiest gateway, recorded an all-time low in its air and passenger traffic in 2020 when the coronavirus disease 2019 (COVID-19) pandemic struck. Data from Mactan Cebu…
MANILA, Philippines—Food manufacturer Monde Nissin Corp. is seeking regulatory approval to sell as much as P72.45 billion worth of shares through an initial public offering, potentially the largest stock market debut in the country. Monde Nissin plans…
CEBU CITY, Philippines — The National Economic and Development Authority in Central Visayas (NEDA-7) said that in order to boost economic revival the consumer demand would need to rise. In their report to the Regional Development Council…
CEBU CITY, Philippines — The Cebu business sector is willing to police themselves in order to help reduce the Coronavirus Disease 2019 (COVID-19) cases in the city. This they promised during the Cebu Citizens’ Initiative forum on…
MANILA, Philippines — Castrol Philippines Inc. has sealed a strong partnership with North Trend Marketing Corporation (NTM), appointing the country’s leading name in lubricants distributorship as its authorized provider of commercial and industrial lubes in the Philippines.…
HONG KONG – Asian markets were mixed Thursday on profit-taking and growing worries about inflation, which offset long-running optimism about the global recovery as vaccines are rolled out, infection rates slow and Joe Biden’s stimulus winds through…
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