Economists urge more food imports to temper price spikes

Ben O. de Vera - Reporter / @bendeveraINQ 02/06/2021

MANILA, Philippines — More economists are urging greater importation in view of expensive food that jacked up the inflation rate to a two-year high of 4.2 percent year-on-year in January. “Our priority right now is to ensure…

Debt-to-GDP ratio jumped to 14-year high in 2020

Philippine Daily Inquirer 02/04/2021

Repayments and a stronger peso slightly tempered debt accumulation in December last year, but the record recession coupled with a jump in borrowings to fight COVID-19 jacked up the share of unpaid obligations to the Philippine economy…

Metro Ayala reopens 3 years after the fire to better serve Cebuano shoppers

Marc Cosep 02/02/2021

Just like a phoenix rising from the ashes, Metro Gaisano in Ayala Center Cebu reopened its doors last January 29 to offer an even better brand of service to Cebuano shoppers . Manuel Alberto, president and chief…

Cebu City dad to DMDP: Hold virtual job fairs

Delta Dyrecka Letigio 01/30/2021

CEBU CITY, Philippines — A Cebu City councilor is asking the Department of Manpower Development and Placement (DMDP) to hold virtual job fairs for residents. In a resolution passed by the City Council this week, Councilor Alvin…

MCIA receives accreditation from Airports Council International

Morexette Marie B. Erram 01/30/2021

CEBU CITY, Philippines – The Philippines’ second-busiest airport has received accreditation from the international trade organization representing the world’s airport authorities. The Mactan Cebu International Airport (MCIA) was awarded the Airports Council International – Airport Health Accreditation…

Gaisano retail unit holds off on Cebu warehouse, prioritizes Luzon

Doris Dumlao-Abadilla 01/26/2021

Gaisano group-led retailer Metro Retail Stores Group Inc. (MRSGI) has carved P714.91 million out of its initial public offering (IPO) proceeds to build a new warehousing and logistics hub in Sta. Rosa City, Laguna province. “At present,…

PH firms see busier 2021 but financing tech shift a challenge, says Grant Thornton

Daxim L. Lucas - Reporter / @daxinq 01/25/2021

MANILA, Philippines — Philippine companies are preparing for economic recovery and are prioritizing the use of technology to meet an expected uptick in business activity this year, but many face a shortage of financial resources needed to meet…

Pandemic gives rise to new entrepreneurs

Roy Stephen C. Canivel - Reporter / @roycanivel_inq 01/21/2021

More than 916,000 enterprises registered and renewed their business names under the Department of Trade and Industry (DTI) last year, driven mostly by pandemic-weary entrepreneurs who wanted to start their own mom-and-pop stores or sell products online.…

Mandani Bay: We are 100% ready for a post-pandemic world

Morexette Marie B. Erram 01/16/2021

CEBU CITY, Philippines – The year 2020 was full of uncertainties and challenges for both local and international developers like HTLand Inc. But this 2021, executives of Mandani Bay are taking on a more positive outlook as…

Mandaue City extends deadline for renewal of business permits

Mary Rose Sagarino 01/16/2021

MANDAUE CITY, Philippines – The Mandaue City government has extended the deadline for the renewal of business permits to March 31, 2021. This after Ordinance no. 15-2021-1614 authored by City Councilor Carmelino del Mar Jr., was passed…

Investors optimistic on strong recovery for earnings, stocks

Doris Dumlao-Abadilla - Reporter / @philbizwatcher 01/04/2021

MANILA, Philippines — After a nerve-wracking year marked by an unprecedented lockdown to contain a coronavirus (COVID-19) pandemic, investors are looking forward to a recovery in corporate earnings and stock prices this 2021. The main-share Philippine Stock…

Cebu Customs posts P3 billion ‘collection surplus’

Morexette Marie B. Erram 12/25/2020

CEBU CITY, Philippines – The Bureau of Customs in the Port of Cebu (BOC-Cebu) is expecting its P3 billion worth of ‘collection surplus’ to increase before 2020 ends. BOC-Cebu, in a press release dated and published on…

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