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Central Visayas SLPAs turning crisis into opportunity

By Irene R. Sino Cruz 03/26/2020

CEBU CITY, Philippines—The coronavirus pandemic might have adv affected many businesses but this crisis has also brought about an opportunity to some sustainable livelihood program associations (SLPAs) in Central Visayas. Realizing the rising demand for face masks,…

SEC urges lending, financing companies to extend debt relief to borrowers

Irene R. Sino Cruz 03/24/2020

CEBU CITY—The Securities and Exchange Commission (SEC) urges all lending and financing companies to implement debt relief measures to their borrowers. The commission came up with this suggestion in a notice it issued on March 23 that…

SBC setting up P1B financing facility for micro, small enterprises affected by Covid-19 crisis

Irene R. Sino Cruz 03/23/2020

CEBU CITY—With the adverse impact the coronavirus disease 2019 (Covid-19) outbreak affecting micro and small enterprises, the Small Business Corporation (SBC) will be setting up a loan facility to help them recover. In a statement posted on…

GSIS to extend emergency loans to members, pensioners

Irene R. Sino Cruz 03/23/2020

CEBU CITY—Here’s good news for Government Service Insurance System (GSIS) members and pensioners amid the crisis brought about by the coronavirus disease 2019 (Covid-19) outbreak. GSIS will soon offer emergency loans to its members. GSIS president and…

Dimsum Break, a food haven for Cebuanos amid the COVID-19 storm

Marc Cosep 03/23/2020

The coronavirus is shaking up businesses and consumer behavior on a massive scale. Both the public and private sectors are scrambling to slow the spread of the illness and contain COVID-19 infections. While the full economic consequences…

DTI limits quantity of basic goods consumers can buy

Irene R. Sino Cruz 03/20/2020

CEBU CITY—To ensure stable prices and availability of vital and essential commodities, the Department of Trade and Industry (DTI) has set a limit on the quantity of basic goods consumers can buy. DTI issued Memorandum Circular 20-07…

Asian stocks rise after Wall Street gains on aid hope

03/20/2020

BEIJING  — Asian stock markets were mostly higher Friday after modest Wall Street gains on hopes government and central bank action can shield the world economy from a looming global recession caused by the coronavirus pandemic. Benchmarks…

BFAR-7 tests new technology to make seagrapes survive summer heat

Irene R. Sino Cruz 03/20/2020

CEBU CITY, Philippines—While the Bureau of Fisheries and Aquatic Resources in Central Visayas (BFAR-7) is taking precautions against the coronavirus pandemic, the bureau staff also continued to implement their projects. The bureau is currently eyeing at doing…

School in Cebu develops face shield for health frontliners 

Irene R. Sino Cruz 03/20/2020

CEBU CITY, Philippines—Amid the shortage of personal protective equipment (PPE) for health care professionals due to the coronavirus outbreak, here’s good news coming from Cebu Technological University (CTU) campus in Tuburan town, northwestern Cebu.  Set up to…

Bello appeals to other big businesses to take care of their workers amid COVID-19 crisis

By Irene R. Sino Cruz 03/19/2020

CEBU CITY, Philippines —Labor Secretary Silvestre Bello III called on big businesses to join others who have taken care of their employees amid the national emergency brought about by the COVID-19 outbreak. “We are grateful to the…

Of delivery delays, COVID-19, and NGCP projects

Irene R. Sino Cruz 03/19/2020

CEBU CITY—The extended suspension of the delivery of critical construction and transmission equipment from vendors and manufacturers in affected countries could impact on the implementation of the projects of the National Grid Corporation of the Philippines (NGCP).…

BIR resets tax filing deadline to May 15

Irene R. Sino Cruz 03/19/2020

CEBU CITY—The Bureau of Internal Revenue (BIR) has reset the deadline for the filing of the 2019 annual Income Tax Returns (ITRs) by a month to May 15, 2020, according to a press release from the Philippine…

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