Foreign investment pledges soar to P189.5B in Q2

Mariedel Irish U. Catilogo 08/16/2024

Foreign investment pledges approved by investment promotion agencies (IPAs) jumped by 220.07 percent in the second quarter compared to the same period last year, showing a strong rise in investor confidence, according to the Philippine Statistics Authority…

P5M for Cebu City residents wanting to start a small business

Jasmin Meode - CTU Intern 08/16/2024

  CEBU CITY, Philippines — The Cebu City government has set aside P5 million this year for low-income residents or low-income households who want to start a small business. READ MORE:  Cebu City Council OKs P400M financial…

Cebu Province inflation rate up in July

Jasmin Meode 08/15/2024

CEBU CITY, Philippines – Inflation rate in Cebu Province soared up to 4.0 percent in July  from 3.5 percent in June 2024, according to the latest report by the Philippine Statistics Authority (PSA) Cebu. On Thursday, August…

PH gains 2nd ‘A’ credit rating from Japan’s credit watcher, citing strong economic growth

Mariedel Irish U. Catilogo 08/15/2024

Japan’s Rating and Investment Information Inc. (R&I) has upgraded the Philippines’ credit rating to ‘A-’ with a stable outlook, citing strong economic growth and a better fiscal position. This is the country’s second ‘A-‘ credit rating, following…

PSEi poised to rebound to 8,200 in 2025

Meg J. Adonis 08/12/2024

Rising inflation in July has led Maybank Securities Inc. to push back its 12-month forecast of 8,200 for the Philippine Stock Exchange Index (PSEi) by a few months. Traders are now focusing on the Bangko Sentral ng…

Mactan-Cebu Airport’s Terminal 2 earns Skytrax 4-star rating

Carl Lorenciana, Morexette Marie B. Erram 08/11/2024

CEBU CITY, Philippines – Mactan-Cebu International Airport’s (MCIA) Terminal 2 has achieved a major milestone with a 4-star rating from Skytrax. From a 3-star rating, the London-based consultancy firm upgraded T2 to a 4-star rating, pointing out…

Creation of PPP unit to streamline project proposals in Cebu City sought

Niña Mae C. Oliverio 08/11/2024

CEBU CITY, Philippines — A legislator has called for the creation of a public-private partnership (PPP) unit to streamline the submission of project proposals to the City Government. This was proposed by Councilor Rey Gealon in his…

Central Visayas inflation eases to 4.5% in July

Jasmin Meode - CTU Intern 08/11/2024

CEBU CITY, Philippines — Inflation in Central Visayas dropped to 4.5 percent in July 2024, down from 4.8 percent in June, according to the Philippine Statistics Authority in Central Visayas (PSA-7). PSA-7 regional director Ariel Florendo reported…

PH economy grows 6.2% in Q2, buoyed by gov’t spending, strong investments

Mariedel Irish U. Catilogo 08/09/2024

The Philippine economy grew by 6.3 percent in the second quarter, thanks to increased government spending and strong investments, which helped counter the effects of high consumer prices on household spending. This growth is an improvement from…

Pumpboat operators struggle as P100 environment fee reduces tourists in Lapu-Lapu

08/08/2024

LAPU-LAPU CITY, Cebu – Pumpboat operators in Lapu-Lapu City are struggling due to the P100 environmental fee, which has reduced their clients. The fee, introduced by Councilor Annabeth Cuizon, applies to island hopping and other water sports…

JC celebrates 10 years of success at Marina Bay Sands, Singapore

Antonio Iñares 08/05/2024

JC marked its 10th year anniversary with the highly awaited Good Life Summit held on July 27, 2024, at the prestigious Marina Bay Sands in Singapore. The event brought together international wholesalers, celebrity guests, and company leaders…

Cacao farmers need more support to boost PH chocolate industry, senator says

Niña Mae C. Oliverio 08/05/2024

CEBU CITY, Philippines — As the chocolate industry in the Philippines continues to grow, Senator Pia Cayetano calls for ways to support it. During her visit to Cebu for the National Cacao Congress 2024, the legislator noted…

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