MANILA – Declining crude oil prices helped ease negative investor sentiment and allowed both the Philippine Stock Exchange index (PSEi) and the Philippine peso to recover on Tuesday. The local bourse’s main index rose 1.13 percent to 5,945.71…
Apple on Monday unveiled new artificial intelligence advances, including upgrades to its Siri assistant, emphasizing a focus on privacy and day-to-day use as the iPhone maker tries to catch up to rivals when it comes to AI.…
CEBU CITY, Philippines – The Visayas grid will receive reduced power imports from Mindanao after a magnitude 7.8 earthquake struck General Santos City, damaging key energy infrastructure, including power plants, the Department of Energy (DOE) said Tuesday,…
CEBU CITY, Philippines — A restaurant in Mandaue City managed customer payments using multiple QR codes displayed on its counter—one for each bank—while the owner manually recorded sales in a blue notebook. While digital payments had made…
MANILA, Philippines – Filipino motorists and consumers are bracing for another round of fuel price hikes this week, with increases affecting diesel, gasoline, and kerosene nationwide. In an advisory released Monday, Seaoil Philippines announced that fuel price…
Consumers across Cebu, Negros, Panay, Bohol, and nearby islands may experience rotational brownouts on Monday, June 8, after the National Grid Corporation of the Philippines (NGCP) warned that it could implement Manual Load Dropping (MLD) to prevent…
CEBU CITY, Philippines — Rising prices of food items kept Central Visayas as the country’s inflation hot spot in May, with overall inflation holding at 10.8 percent, according to latest data from the Philippine Statistics Authority (PSA).…
MANILA, Philippines – President Ferdinand R. Marcos Jr. has approved the expansion of the West Cebu Industrial Park-Special Economic Zone in Balamban, Cebu, adding more than 64 hectares of land to one of the country’s major industrial hubs.…
CEBU CITY, Philippines — Buying a condominium unit in Cebu can still be a worthwhile investment, but investors can no longer expect the easy gains that characterized the market in previous years. Cebu’s condominium sector remains attractive,…
MANILA, Philippines – A major manufacturing investment is headed to Cebu as part of a wider surge in Philippine Economic Zone Authority (Peza) approvals last May, signaling continued confidence in the region as a prime ecozone destination.…
MANILA – An official of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) reduced its projection for the annual decline of vehicle sales this year to between 5 percent and 8 percent amid improvement in the…
CEBU CITY — The Visayas power grid is expected to maintain a positive but thin operating reserve throughout the workweek of June 8 to 12, according to the latest outlook the National Grid Corp. of the Philippines…
