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PSEi down 14.4% in dreadful week for stocks

Doris Dumalao-Abadilla 03/14/2020

The local stock barometer ended the worst week seen in recent history with a modest rebound after a roller-coaster ride on Friday that triggered a circuit-breaker for the second straight session. The Philippine Stock Exchange index (PSEi)…

DTI: Only 2 bottles of disinfectant per buyer

Irene R. Sino Cruz 03/14/2020

CEBU CITY, Philippines —To address the concern over the diminishing supply of alcohol and other basic disinfectants, the Department of Trade and Industry (DTI) has directed retailers to limit to only two bottles of these products per…

Primary Homes offers affordable housing with its Richwood Homes Bogo

Marc Cosep 03/13/2020

Homegrown property developer, Primary Homes Inc. (PHI), ventures into Bogo City, in an effort to continuously provide affordable housing for growing families. Richwood Homes Bogo, the 4th in Primary Homes’ Richwood Series that is located in Cebu,…

FDA to online traders: Don’t overprice products

Irene R. Sino Cruz 03/13/2020

CEBU CITY—The Food and Drug Administration (FDA) will crack down on online selling platforms selling emergency medical supplies above the price ceiling set by the Department of Health. The FDA has directed its inspectors and regulatory enforcement…

Cebu Chamber postpones Cebu Business Month 2020 celebration

By Irene R. Sino Cruz 03/12/2020

CEBU CITY—The Cebu Chamber of Commerce and Industry (CCCI) will reschedule the Cebu Business Month (CBM) celebration, the annual major event held in the whole month of June since 1994. “With inputs from the CBM 2020 Team,…

DOLE to start four-day workweek schedule next week

Futch Anthony Inso 03/12/2020

CEBU CITY, Philippines — Starting next week, the Department of Labor Employment (DOLE)-7 will no longer hold office during Friday as a precautionary measure against the Coronavirus Disease 2019 (COVID-19). In Administrative Order No. 99-2020 issue by…

64 workers affected as 2 firms temporarily close

Futch Anthony Inso 03/12/2020

CEBU CITY, Philippines — Around 64 workers are now facing temporary displacement after two establishments within the Tri-Cities of Cebu City, Mandaue City and Lapu-Lapu City have announced that they will be implementing temporary closure. In the…

Cebuano blind entrepreneur, Bohol-based women’s group are CV’s reps to DOLE nat’l awards

Irene R. Sino Cruz 03/12/2020

CEBU CITY—Two beneficiaries of livelihood projects implemented by the Department of Labor and Employment in Central Visayas (DOLE-7) will represent the region in the national competition among the agency’s assisted livelihood projects. In an emailed news release,…

Aboitiz Power posts P17.3 billion net income in 2019

Irene R. Sino Cruz 03/11/2020

CEBU CITY, Philippines—Despite challenges faced in 2019, Aboitiz Power Corporation still posted a net income  earning of P17.3 billion.  This figure, though, is 20 percent lower compared to the P21.7 billion registered in 2018. The company’s non-recurring…

Thousands of CV workers affected by flexi work schedule due to COVID-19

Futch Anthony Inso 03/10/2020

CEBU CITY, Philippines – The Department of Labor and Employment (DOLE)-7 has already tallied more than 2,000 workers in Central Visayas as being affected by the flexible work arrangements that some establishments are resorting to due to…

Marginalized fishermen among beneficiaries of tilapia fingerlings from BFAR-7 fish farm in Bohol

Irene R. Sino Cruz 03/09/2020

CEBU CITY—The Bureau of Fisheries and Aquatic Resources in Central Visayas (BFAR-7) generated over 2.4 million tilapia fingerlings at the Clarin Freshwater Fish Farm (CFFF) in Bohol from January to March 4 this year. More than two…

DOLE-7 tells employers to consult with workers prior to adoption of new work schedules

Irene R. Sino Cruz 03/09/2020

CEBU CITY—With businesses in Central Visayas affected by the coronavirus 2019 (COVID-19) outbreak, the Department of Labor and Employment (DOLE)  said that they can opt to implement changes in their work schedules but after proper consultation with…

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