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CEBU CITY, Philippines — After observing a drop in the inflation rate last September, Central Visayas saw an increase of up to 0.8 percent in October this year. According to the Philippine Statistics Authority in Central Visayas…
CEBU CITY, Philippines — To bolster diplomatic and economic ties, the Hungarian government has invited Cebu’s business community to join the Hungary Business Council which will take place in Metro Manila this December. A delegation from the…
The Philippines is expected to set a new record for rice imports this year and next, driven by growing demand from its increasing population. The US Department of Agriculture’s Foreign Agricultural Service (USDA-FAS) projects the country’s rice…
Remittances to the Philippines and income from the business process outsourcing (BPO) sector may be affected by U.S. President-elect Donald Trump’s strict immigration policies. Meanwhile, reduced security support from Washington could heighten tensions in the West Philippine…
MANILA, Philippines — Oil companies are expected to raise petroleum prices by up to P1.90 per liter next week. According to Rodela Romero, director of the Department of Energy’s Oil Industry Management Bureau, diesel prices may see…
Philippine inflation rose to 2.3 percent in October, driven by higher food and nonalcoholic beverage prices and a slower decrease in rice prices, according to the Philippine Statistics Authority (PSA). Preliminary PSA data showed inflation, measured by…
Singaporean firm Summit Telco Corporation Pte. Ltd. has struck a deal to acquire an additional 9 billion shares—currently valued at P17.1 billion—in DITO CME Holdings Corp., the operator of DITO Telecommunity (DITO Tel). Once finalized, Summit will…
Casual American dining chain TGI Fridays filed for Chapter 11 bankruptcy on Saturday in the US state of Texas, a company statement said. The bar and grill chain — known for serving up hamburgers, chicken wings and…
MANDAUE CITY, Cebu — Catalino Panaginip Jr., 45, had been farming for at least 14 years. Panaginip, who is from Sitio Satuhan in the mountain barangay of Sudlon II in Cebu City, said that farming had been…
The Philippine government’s debt reached a record P15.89 trillion at the end of September, as officials borrowed more locally and internationally to cover the budget deficit. The Bureau of the Treasury reported on Wednesday that this marked…
Heads up, motorists. Starting Tuesday, October 29, 2024, fuel prices will go up by 50 centavos per liter. Seaoil, Shell Pilipinas, and Cleanfuel announced that diesel and kerosene prices will increase. Gasoline would also slightly go up…
The Department of Transportation (DOTr) is advancing the New Dumaguete Development Airport project by selecting three Korean firms to design the new airport, aimed at accommodating more passengers. DOTr has invited Yooshin Engineering Corp., Keun Jeong Architects…
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