PCCI urges gov’t: Streamline trade policies

Alden M. Monzon 08/23/2024

The Philippines’ largest business group urged the government on Wednesday to streamline trade policies, especially with the trade deficit now at $4.30 billion and a renewed focus on supporting MSMEs. Philippine Chamber of Commerce and Industry (PCCI)…

Cebu City wants to declare special ‘BPO Day’ to honor sector’s economic impact

Niña Mae C. Oliverio 04/21/2024

CEBU CITY, Philippines — Cebu City’s economy has benefited significantly from the Business Process Outsourcing (BPO) industry. The City Council plans to honor the dedicated workers in this sector by declaring a special ‘BPO Day’. Councilor Pancrasio “Francis”…

Rise of AI: Five business predictions in 2024

Zaza Soriano-Nicart 03/15/2024

Over the last decade, the use of artificial intelligence (AI) expanded steadily, though often unnoticed. Now, with generative AI tools becoming more accessible, people are becoming more aware of AI’s potential, and this trend is expected to…

US presidential investment mission arrives in PH for the first time

03/11/2024

President Ferdinand Marcos Jr.’s visit to Washington last year has resulted in the US government organizing its first Presidential Trade and Investment Mission to the Philippines. Led by US Secretary of Commerce Gina Raimondo, the mission includes…

Three billionaires seal $3.3 billion deal to build PH’s ‘most expansive’ LNG facility

Meg Adonis 03/04/2024

Three major power companies in the country have come together to launch a $3.3-billion (P184.89 billion) deal to build the Philippines’ inaugural and most extensive liquefied natural gas (LNG) facility in Batangas province. This initiative aims to…

Over P4.8M in fees collected on Day 1 of business permits renewal

Pia Piquero 01/05/2024

CEBU CITY, Philippines – A total of P4,881,388 in fees was collected on the first day of processing and renewals of business permits in Cebu City on January 4, according to City Treasurer Mare Vae Reyes. She…

2024 worries for PH businesses, households

Ronnel Domingo 12/16/2023

MANILA – Businesses and households are less optimistic about their prospects in the first quarter of 2024 due to concerns about ongoing high inflation and worries about lower income, according to the latest survey by the Bangko…

Rama on plans for two more IT parks in Cebu City: ‘The more, the merrier’

Rashe Zoe Sophia Piquero 11/30/2023

CEBU CITY, Philippines – Cebu City Mayor Michael Rama welcomed the proposal of two additional information technology (IT) parks in Cebu City. “The more, the merrier,” said Rama in an interview with CDN Digital on Thursday, November…

Cebu, India business chambers partner for expansion

Rashe Zoe Sophia Piquero 11/16/2023

CEBU CITY, Philippines – A Memorandum of Understanding (MOU) has been signed between two business chambers to foster further collaboration for the expansion of trade and services between countries. The Cebu Chamber of Commerce and Industry (CCCI)…

Qualified micro rice retailers receive gov’t cash aid

Niña Mae C. Oliverio 09/17/2023

CEBU CITY, Philippines — A total of 87 micro rice retailers received cash assistance from the government last Thursday, September 14, 2023. The Department of Social Welfare and Development (DSWD), in coordination with the Department of Trade…

Rice retailers in Mandaue City express concern with rice price cap

Emmariel Ares 09/07/2023

CEBU CITY, Philippines – With the issuance of the Executive Order 39, some rice retailers at the Mandaue City Public Market expressed concern on the future of their business if prices from suppliers remain high. President Ferdinand…

Biz group urges lifting of rice price cap after 2 to 3 weeks

Alden M. Monzon 09/07/2023

MANILA, Philippines — The Federation of Philippine Industries (FPI) on Wednesday urged the government to limit the implementation of the price ceiling on rice to two to three weeks, warning that prolonging such a regulation could bankrupt…

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