CEBU CITY, Philippines — Amid headwinds driven primarily by the Middle East war, the tourism sector in Cebu remains confident in pushing it as the next MICE (Meetings, Incentives, Conferences and Exhibitions) destination in the Philippines. The…
CEBU CITY, Philippines – Even if oil prices have started easing and optimism on putting an end to the costly US vs. Iran war prevails, Cebu’s economy will remain vulnerable if stakeholders cannot address issues that have…
MANILA, Philippines – Lance Gokongwei is making a personal bet on gaming technology, committing over P2 billion to acquire a stake in PhilWeb Corp., separate from his roles at the helm of JG Summit Holdings and Robinsons…
CEBU CITY, Philippines — Energy providers want to put up more Battery Energy Storage System (BESS) to improve power supply in the Visayas and Mindanao areas which are currently grappling with tightening reserves and increasing demand. A…
Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts. Proponents of artificial intelligence see it…
CEBU CITY, Philippines — High electricity demand and the unavailability of more power plants continue to strain the Visayas grid on Wednesday, June 24. The National Grid Corporation of the Philippines (NGCP) issued another yellow alert for…
MANILA, Philippines – The Philippines has emerged as the most attractive investment destination among 41 economies surveyed by Team Sweden, with nearly two-thirds of Swedish companies planning to expand their footprint in the country over the next…
MANILA, Philippines – Local stocks closed higher on Tuesday as bargain hunters swooped in on discounted shares, snapping a two-session decline, with foreign investors also returning as net buyers to provide added support. The Philippine Stock Exchange…
MANILA, Philippines – The Securities and Exchange Commission (SEC) has issued separate advisories warning the public against an unauthorized online lending platform and an unregistered gym investment program, urging consumers to verify entities before transacting. The SEC…
Two of the largest coal-fired power plants in Cebu will be reactivated starting next month as the government races to address the thinning power supply of the Visayas grid. …
Seoul collapsed 10 percent Tuesday in an Asian stock market rout that followed a tech-led sell-off on Wall Street, with investors again questioning a long-running AI-fuelled boom, while oil extended losses on peace talk optimism. While Washington…
Asian shares were mixed in subdued trading early Tuesday, as recent enthusiasm cooled and markets faced uncertainty about efforts to end the war in Iran. Japan’s benchmark Nikkei 225 lost 0.9% in morning trading to 71,681.29. “We’ve…
