Cebu City falls 3 notches in Tholons’ super cities list

Morexette Marie B. Erram 09/06/2020

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…

Dominguez vows gov’t to catch, jail UCPB cybercrime perpetrators

Ben O. de Vera - Reporter / @bendeveraINQ 09/04/2020

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…

Price hikes likely to remain muted as Aug. inflation comes in below BSP’s forecast

Daxim L. Lucas - Reporter / @daxinq 09/04/2020

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…

Inflation eases to 2.4 percent in August

Cathrine Gonzales 09/04/2020

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…

DTI sees 4K percent rise in online businesses during virus lockdown

Christia Marie Ramos - Reporter / @CMRamosINQ 09/03/2020

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…

Cordova starts tourism engine with two tour packages

Rosalie O. Abatayo 08/30/2020

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…

Deadline extended to September 30 for RPTs, business taxes in Cebu City

Delta Dyrecka C. Letigio 08/28/2020

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…

$4B in additional loans for COVID-19 response underway

Ben O. de Vera 08/28/2020

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…

Pandemic woes continue to push hot money out of PH markets

Daxim L. Lucas - Reporter / @daxinq 08/27/2020

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…

PH economy seen slow to recover from pandemic’s impact

Ben O. de Vera - Reporter / @bendeveraINQ 08/27/2020

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…

7-month budget deficit widened to P701B

08/27/2020

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…

DTI opens Mandaue City Negosyo Center to aid MSMEs hit by pandemic

Doris C. Bongcac 08/26/2020

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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