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CEBU CITY, Philippines — The new wage hike in Central Visayas may have an impact on how consumers spend their wage on necessities. Wage Order No. ROVII-2, published on September 16, 2024, provides for an increase of…
MANILA, Philippines — Oil companies are set to implement big adjustments in fuel prices on Tuesday, October 15 with nearly P3 per liter increase from last week’s costs. According to Shell Pilipinas and Seaoil in separate advisories,…
WASHINGTON, United States — The world’s 26 poorest economies are facing the most significant debt burden since 2006, the World Bank announced in a new report published Sunday. Government debt in these countries, which are home to…
The Philippines is expected to import more rice this year and next, keeping its position as the world’s top rice importer due to the impact of El Niño, La Niña, and recent typhoons on local production. According…
Multinational firms’ lending to their Philippine subsidiaries drove foreign direct investments (FDIs) to a five-month high in July, reaching halfway through the Bangko Sentral ng Pilipinas’ (BSP) 2024 projection. According to the BSP’s report, July saw a…
CEBU CITY, Philippines — The inflation rate in Central Visayas for September 2024 has slowed to 2.1 percent, down from 3.4 percent in August, according to PSA-7 on Thursday. In the inflation report presented by Engineer Felixberto…
The Philippines is expected to import more chicken meat next year due to a supply shortage. According to the US Department of Agriculture, the country’s chicken meat imports are projected to increase by 2.1 percent to 480,000…
CEBU CITY, Philippines – Veteran broadcaster Ben Tulfo urged businesses here to share their expertise to Small and Medium Enterprises and nano entrepreneurs to help them achieve success. Tulfo, an MSME advocate, said that small businesses are…
Motorists will face higher fuel prices in the first week of October, with oil companies raising prices by up to 90 centavos per liter. According to Cleanfuel and Shell Pilipinas, diesel prices will go up by 90…
Rural and cooperative banks continue to lead in providing loans to micro, small, and medium enterprises (MSMEs), as the Philippine banking industry once again fell short of its lending quota for this key sector. According to the…
CEBU CITY, Philippines — The South Road Properties (SRP) is set for further development following the recent approval of several new projects by its governing board. According to Cebu City Councilor Rey Gealon, the board’s newly appointed…
CEBU CITY, Philippines – There is now an ongoing effort to bolster Cebu’s standing as a prime destination for business events, both in the Philippines and across Asia. While Cebu was once known as a leading MICE…
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