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Cebu malls to operate under ‘new normal’

Morexette Marie B. Erram 05/31/2020

CEBU CITY, Philippines – On Monday, Cebu, including Cebu City, will already be under general community quarantine (GCQ). While under GCQ, several business establishments including malls are expected to already resume operations after a two-month break. Read:…

Business, tourism stakeholders welcome GCQ, await orders from LGU

Morexette Marie B. Erram 05/30/2020

  CEBU CITY, Philippines — Several business groups and tourism stakeholders in Cebu welcomed the decision of the national government for Cebu City and Mandaue City to slightly ease their quarantine restrictions beginning June 1. And they…

MCIA income down by 10% due to COVID-19 crisis

Morexette Marie B. Erram 05/30/2020

CEBU CITY, Philippines — The coronavirus disease 2019 (COVID-19) crisis that has crippled the aviation industry worldwide has also resulted in a decline in passenger traffic and airport earnings for the first three months this year. Megawide Construction…

Cebu City businesses need to pass employee information to operate under MECQ

Delta Dyrecka Letigio 05/28/2020

CEBU CITY, Philippines — The Cebu City government will be requiring business establishments that will be operating during the modified enhanced community quarantine (MECQ) to submit the basic information of their on-site employees. Lawyer Rey Gealon, who…

SEC flags down more investment ‘scam’ groups

Rosalie O. Abatayo 05/27/2020

CEBU CITY, Philippines — The Securities and Exchange Commission has flagged more groups for alleged unauthorized solicitation of investments from the public. In an emailed press statement, SEC cautioned the public from investing in firms Aquitek Food…

Hoteliers asked: Offer low rates for OFWs, guests amid community quarantine

Rosalie O. Abatayo 05/25/2020

CEBU CITY, Philippines — Albeit the losses incurred by the tourism industry due to the coronavirus pandemic, the Department of Tourism (DOT) has called on accommodation establishments not to take advantage of repatriated workers or exempted employees…

CCCI welcomes lower corporate income tax as part of economic recovery

Morexette Marie B. Erram 05/22/2020

CEBU CITY, Philippines — The Cebu Chamber of Commerce and Industry (CCCI) welcomed the plans of the national government to reduce corporate income tax starting June. In a statement signed by its president, Felix Taguiam, the CCCI…

Visayan Electric posts P2.26 B income in 2019

Rosalie O. Abatayo 05/19/2020

CEBU CITY, Philippines — Visayan Electric Company has reported a net income of P2.6 billion for 2019, the company told its shareholders during its Annual Shareholders Meeting on Tuesday, May 19, 2020. Engineer Raul Lucero, Visayan Electric’s…

Cebu business group leaders urge members to adopt, implement new safety and health standards

Rosalie O. Abatayo 05/19/2020

CEBU CITY, Philippines — Business group leaders in Cebu have called on their members to brace for the reopening of businesses by adopting and implementing new safety and health standards in their workplaces amid the prevailing threat…

DTI unveils P 1-B CARES loan program for micro, small firms

Roy Steven Canivel 05/19/2020

Qualified micro and small enterprises in areas under general community quarantine can now apply for loans under the government’s P1-billion assistance program, said the Department of Trade and Industry (DTI). This will be done through DTI’s attached…

Cebu biz groups: PBB is our passport to new normal

Morexette Marie B. Erram 05/17/2020

CEBU CITY, Philippines — Business groups in Cebu are calling for ’understanding, compassion, and solidarity’ amid the coronavirus disease 2019 (COVID-19) crisis while renewing their support of the Project Balik Buhay (PBB). This was the message of…

Well-wishers in MCIA to be reduced under ‘new normal’

Morexette Marie B. Erram 05/14/2020

CEBU CITY, Philippines — Authorities from the Mactan Cebu International Airport (MCIA) will be introducing a new policy as it prepares for the ‘new normal’. GMR-Megawide Cebu Airport Corporation (GMCAC) in a statement issued to the media…

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