Investors brace for spike in oil prices after US bombs Iran sites

06/23/2025

NEW YORK — A US attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety, investors said. They assessed how the latest escalation of tensions would ripple through the…

Fuel price hike next week seen exceeding P5 per liter

Jordeene B. Lagare - @inquirerdotnet 06/22/2025

MANILA, Philippines — The fuel price hike on June 24 is expected to exceed P5 per liter, driven by global oil market fluctuations and escalating tensions in the Middle East—higher than initial industry projections. The Department of…

Big-time oil price hike set for June 17 amid Middle East tension

Jordeene B. Lagare - @inquirerdotnet 06/16/2025

MANILA, Philippines – As widely expected, oil companies announced a big-time pump price hike of almost P2 per liter effective Tuesday, June 17, mainly due to the escalating tension in the Middle East. Big-time oil price hike…

Aboitiz takes over Bohol-Panglao International Airport

06/16/2025

MANILA, Philippines – The Aboitiz Group has expanded its airport operations following the takeover of the Bohol-Panglao International Airport, the gateway to the booming tourist destination. On June 16, the Department of Transportation (DOTr) and the Civil…

Central Visayas inflation drops in May 2025 as food prices fall

Pia Piquero 06/14/2025

CEBU CITY, Philippines – The inflation rate in Central Visayas dropped to just 0.9 percent in May as prices of basic goods and services continued to slow down. This is the lowest it has been in over…

Cordova opens Roro Port food plaza to help vendors, attract visitors

Futch Anthony Inso 06/08/2025

CEBU CITY, Philippines – The Municipality of Cordova formally opened the RoRo Port Food Plaza on Saturday night, June 7, 2025. The opening ceremony was led by Mayor Cesar “Didoy” Suan, together with several town and barangay…

PH unemployment worsens, 2.06M jobless in April

Ian Nicolas P. Cigaral - @inquirerdotnet 06/06/2025

MANILA, Philippines — The country’s jobless rate climbed to 4.1 percent in April, making it the worst unemployment figure recorded in the last three months. There were 2.06 million unemployed Filipinos in April, the Philippine Statistics Authority…

Marcos to review economic impact of proposed P200 daily wage hike

Faith Argosino - @inquirerdotnet 06/05/2025

MANILA, Philippines — President Ferdinand R. Marcos Jr. will “look into the economic implications” of the proposed measure seeking to increase the minimum wage earners’ salaries by P200 per day, according to Presidential Communications Office Undersecretary Claire…

Cebu City ranks 470th in global ‘best cities to live’ list – report

Morexette Marie B. Erram 06/05/2025

CEBU CITY, Philippines – Cebu City has been ranked 470th among the world’s best cities to live in for 2025, according to a new report from UK-based consulting firm Oxford Economics. The city landed just behind Nanchang,…

Visayan Electric wins Bronze at Asia Pacific Tambuli Awards 2025

06/05/2025

Visayan Electric, the country’s second-largest electric distribution utility, won the Bronze Award for Leaders for Sustainability and Corporate Purpose in the Care for the Environment category at the Asia Pacific Tambuli Awards 2025 for its Cebu A-Park…

SM harnesses business ecosystem to support an evolving job market

06/03/2025

SM Investments Corporation (SM Investments), the parent company of the SM group, is harnessing the strength of its diverse business ecosystem to help bridge the country’s skills gap and prepare the workforce for the demands of a…

Unlock Growth at CDM, Cebu’s next prime business district

JS Bee B. Galgo 06/02/2025

Land development is in full swing at CDM, the 58-hectare master-planned estate rising in the heart of South Road Properties (SRP).     Recently, the estate unveiled a new viewing deck, offering investors an elevated vantage point…

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