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Cebu City Mayor Tomas Osmeña is planning to avail of the P3-billion loan with the Land Bank of the Philippines (LBP) to fund various infrastructure, drainage and road concreting projects. If pursued, City Hall will have…
The Department of Justice (DOJ) on Friday began its preliminary investigation into the P6.4-billion drug smuggling scandal. Three of the nine respondents, including detained businessman Dong Yi Shen alias Kenneth Dong, Li Guang Feng alias Manny…
United Nations — A proposed new UN sanctions resolution would significantly increase economic pressure on North Korea to return to negotiations on its nuclear and missile programs by banning mineral and seafood exports worth over $1 billion…
BOND FLOAT Energy firm Aboitiz Power Corp. (AP) has raised P3 billion from the issuance of fixed rate bonds to fund expansion plans and potential acquisitions. The bonds — which were listed on fixed income trading platform,…
CEBU CITY–A group of Chinese investors is scheduled to make a presentation on their proposed waste-to-energy and mass housing projects worth $1.38 billion to President Rodrigo Duterte during his scheduled visit to Cebu on late Sunday afternoon.…
The recent United Airlines wrongdoing of dragging out a seated passenger to accommodate airline employees should serve as a warning that a PR crisis can be very costly. Per industry reports, on the day of the passenger-removal…
Ferdinand Marcos — dictator; architect of the theft of between US$5 to $10 billion in public money and of the torture of 35,000; incarceration of 70,000; and killing of 3,257 people — was overthrown in a bloodless…
Increased spending on infrastructure, which is the thrust of the Duterte administration especially on improved transport facilities, is expected to grow the Philippine logistics industry by at least 300 percent in the next four years. Jonathan Cabaltera,…
The Bureau of Customs (BOC) Port of Cebu was able to surpass the September 2016 target collection. The Port of Cebu was able to collect P1,758.7 billion for September out of the P1,422.7 target collection with a…
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