Central Visayas: Cebu, Bohol continue to grow region’s economy in 2024

Niña Mae C. Oliverio 04/23/2025

CEBU CITY, Philippines — With only Cebu and Bohol remaining as part of Central Visayas, the region’s economy continued to grow in 2024, data from the Philippine Statistics Authority (PSA-7) showed. On Tuesday, PSA-7 revealed during the…

Global uncertainty will ‘certainly’ hit growth — World Bank president

04/17/2025

WASHINGTON, United States — The uncertainty kicked up by Donald Trump’s stop-start tariff rollout will undoubtedly hit growth, the president of the World Bank said Wednesday, ahead of next week’s semi-annual meeting of global financial leaders in…

Samsung under pressure as US tariffs rattle South Korean economy

04/12/2025

Vietnam — Sipping tea on her break outside a Samsung Electronics factory in northern Vietnam, worker Nguyen Thi Mai said she had heard about US President Donald Trump’s tariffs. But she hoped it would not affect business.…

Mind the wage gap: China’s subway farmers highlight inequality

Agence France Presse 03/06/2025

Chongqing, China — Elderly Chinese farmers carrying enormous baskets of vegetables squeezed into a subway station as its doors opened before dawn on Wednesday, on the outskirts of megacity Chongqing. Mind the wage gap: China’s subway farmers…

Visayas poised for continued economic growth in 2025, OPAV says

Niña Mae C. Oliverio 01/26/2025

CEBU CITY, Philippines — The Office of the Presidential Assistant for the Visayas (OPAV) recently expressed its focus on fostering economic growth in the Visayas region with a vision for the year 2025. In a forum with…

‘Malunggay’ to boost PH economy, global standing in wellness industry

Wilnard Bacelonia 12/04/2024

MANILA – Senator Cynthia Villar underscored on Wednesday the potential of moringa, locally known as “malunggay,” in boosting the agricultural sector and enhancing the global standing of the Philippines in the health and wellness industry. Villar, who…

‘Positive’ outlook for PH credit rating opens path to ‘A’ status

Ian Nicolas P. Cigaral - @inquirerdotnet 11/27/2024

S&P Global Ratings improved its credit outlook for the Philippine government to “positive,” citing better institutional and policy settings. This opens the possibility of upgrading to the prestigious “A” rating. Although the Philippines retained its “BBB+” investment…

World Bank: Poorest countries face highest debt burden for 18 years

10/14/2024

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…

PH stocks flat as economic slowdown fears weigh on markets

Meg Adonis 09/05/2024

The Philippine Stock Exchange Index (PSEi) closed nearly unchanged on Wednesday at 6,882.12, down 0.01% (0.80 points), following a sharp drop in US markets as investors worried about a potential global economic slowdown. The broader All Shares…

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)…

PH gains 2nd ‘A’ credit rating from Japan’s credit watcher, citing strong economic growth

Mariedel Irish U. Catilogo 08/15/2024

Japan’s Rating and Investment Information Inc. (R&I) has upgraded the Philippines’ credit rating to ‘A-’ with a stable outlook, citing strong economic growth and a better fiscal position. This is the country’s second ‘A-‘ credit rating, following…

Cebu’s IT-BPM sector poised for sustained growth, CCAP says 

Carl Lorenciana 07/23/2024

CEBU CITY, Philippines – The Contact Center Association of the Philippines (CCAP) projects continued robust growth for the Cebu’s information technology and business process management (IT-BPM), a sector that’s been one of the province’s key economic drivers…

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