C. Visayas receives close to P5B in foreign pledges so far

Morexette Marie B. Erram 09/01/2022

CEBU CITY, Philippines – During the first six months of 2022, Central Visayas received close to P5 billion in foreign direct investments (FDI), latest government statistics showed.   The Philippine Statistics Authority (PSA) recorded that foreign investments…

Bureau of Customs Port of Cebu recognizes Top 10 importers in 2021

Doris C. Bongcac 08/27/2022

MANDAUE CITY, Cebu — For ensuring “substantial tax compliance,” the Bureau of Customs Port of Cebu recognized 10 of its top importers in 2021 during the celebration of its 136th founding anniversary on Friday, August 26. In…

Danao woos investors in city’s 1st biz summit 

Morexette Marie B. Erram 08/23/2022

CEBU CITY, Philippines – In a bid to improve its economic prowess and competitiveness, the local government of Danao City in northern Cebu is inviting businessmen to invest in the city. At least 50 business operators joined…

Cebu to Kuala Lumpur flights to resume this Sept.

08/17/2022

CEBU CITY, Philippines – More flights connecting Cebu to overseas destinations will resume this September. Officials from the Mactan Cebu International Airport (MCIA) confirmed that direct flights between Kuala Lumpur and Cebu will resume this September 21. …

Bongbong Marcos discusses sugar supply with food manufacturers

Neil Arwin Mercado 08/16/2022

MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. met with members of the Philippine Chamber of Food Manufacturers Inc. in Malacañang on Monday, August 15, 2022, to tackle concerns over the sugar supply in the country. “We…

Cebu tourism stakeholders told: Brace for ‘revenge travel’

Morexette Marie B. Erram 08/14/2022

CEBU CITY, Philippines — As Cebu’s tourism industry makes significant progress on its road to recovery, stakeholders are urged to brace for ‘revenge travel’. Members of Cebu’s tourism sector gathered for the Go Explore Cebu Tourism Summit…

Monde closes lid on Lucky Me! controversy, but sales plunge

Miguel R. Camus 08/12/2022

Food conglomerate Monde Nissin Corp. said profits in the first half declined on cost pressures while third quarter sales saw a turbulent start after a European Union (EU) warning last month scared off buyers of its iconic…

‘Refresher course’ mulled to help micro, small tourism vendors in Bohol

Morexette Marie B. Erram 08/04/2022

CEBU CITY, Philippines – In order to empower vendors and at the same time protect consumers’ welfare, the government is considering conducting refresher courses and training programs for micro, small and medium entrepreneurs (MSMEs) relying on tourism…

Cebu City is Asia’s 60th ‘most expensive city to live’ in 2022

Morexette Marie B. Erram 08/03/2022

CEBU CITY, Philippines – Cebu City, one of the country’s largest metropolis, is the 60th most expensive city to live in Asia, findings from a crowdsourcing survey showed. Numbeo, in its Mid-2022 Cost of Living Index, ranked…

Outside Metro Manila, Cebu still a top choice of BPO firms – experts

Morexette Marie B. Erram 07/31/2022

CEBU CITY, Philippines — Cebu remains a top destination of firms in the business process outsourcing (BPO) industry that want to explore or expand outside Metro Manila. In its latest Market Intelligence Report, real estate service provider…

Mactan airport welcomes 2M passengers in 1st half of 2022

Morexette Marie B. Erram 07/31/2022

CEBU CITY, Philippines – The country’s second busiest gateway continues to accommodate more passengers as leisure travel gradually regains ground two years after the COVID-19 pandemic. Latest statistics from the Mactan-Cebu International Airport Authority (MCIAA) showed that…

International flights from Cebu may return to pre-pandemic levels by 2023

Morexette Marie B. Erram 07/28/2022

LAPU-LAPU CITY, Philippines — Stakeholders of the Mactan Cebu International Airport (MCIA) are optimistic that the airport may return to its pre-pandemic liveliness by next year. Executives of GMR-Megawide Cebu Airport Corp. (GMCAC) made this statement as…

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