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CEBU CITY, Philippines – Cebu City’s rank in Tholons’ list of Super Cities for outsourcing has slipped a few notches for two consecutive years. In their Tholons Services Globalization Index (TSGI) report for 2020, Cebu City ranked…
MANILA, Philippines — President Rodrigo Duterte’s chief economic manager on Friday vowed to go after the cybercriminals that had victimized the state-run United Coconut Planters Bank (UCPB), while ordering the government financial institutions (GFI) under his watch…
MANILA, Philippines — Price pressures on basic goods and services will likely remain muted over the near term, according to the central bank, as it welcomed the lower-than-expected August inflation rate which came in below the monetary…
MANILA, Philippines — The country’s headline inflation eased to 2.4 percent in August from 2.7 percent in July, the Philippine Statistics Authority (PSA) said Friday, September 4, 2020. The latest figure brings the year-to-date inflation for 2020…
MANILA, Philippines — The Department of Trade and Industry (DTI) has seen a 4,000-percent increase in the number of registered online businesses during the six-month lockdown enforced by the government to curb the spread of the coronavirus…
CEBU CITY, Philippines — The Municipality of Cordova and the Cebu Provincial Tourism Task Force have relaunched on Sunday, August 30, 2020, the tourism activities for the town in a bid to bring back the livelihood of…
CEBU CITY, Philippines — The Cebu City government has extended the payment for real property taxes (RPT) and business taxes for the current year on September 30, 2020. This is part of the implementation of the new…
At least a dozen more loans worth a total of $4.02 billion (over P195 billion) will be secured by the Philippines this year and in 2021 to finance response to and recovery from the health and socioeconomic…
MANILA, Philippines — Short term investments in local financial markets continued to leave the Philippines in July as investors repatriated their assets due to the economic uncertainties caused by the coronavirus pandemic, according to the latest data…
The Philippines may have survived the worst impact of the COVID-19 pandemic but recovery seems slower than how its peers fare as infections remain high, UK-based think tanks said on Wednesday. “The economy is likely past the…
Government spending to fight the new coronavirus disease (COVID-19) has bloated public expenditures during the first seven months, widening the end-July budget deficit to P700.6 billion while tax and nontax revenues remained weak due to the pandemic-induced…
MANDAUE CITY, Cebu – The Cebu Provincial Office of the Department of Trade and Industry (DTI) opened on Tuesday, August 25, a Negosyo Center in Mandaue City to especially help micro, small, and medium enterprises (MSMEs) that…
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