Train, rising inflation shake businesses, economy in 2018

Jose Santino S. Bunachita 12/27/2018

YEAREND REPORT First of two parts The year 2018 has brought a lot of “economic shocks” not just for the local business community in Cebu but for the entire country. Right at the start of the year,…

Is the Philippine economy overheating?

Fernando Fajardo 12/13/2018

Some sectors are concerned that the economy is overheating. JC Punongbayan in his September 28, 2018 Rappler article cited the International Monetary Fund, the World Bank, the ASEAN+3 Macroeconomic Research Office, and Fitch as among those which…

Interest rate, the economy, and you and me

Fernando Fajardo 09/27/2018

When the economy is overheating or operating above the country’s normal capacity to produce, inflation will follow. So the interest rate is going up now. What is interest rate? Very simply, it is the price we pay…

PH economy spent more dollars than it earned in 6 months

Inquirer.net 09/14/2018

The Philippine economy spent substantially more than what it earned through foreign trade in the first half of 2018, with the resulting currency outflows further depressing the value of the peso against the US dollar. In a…

Lacson urges Duterte: Leave ‘drug war’ to cops; focus on economy

Inquirer 09/02/2018

Senator Panfilo Lacson on Saturday urged President Rodrigo Duterte to leave his administration’s drive against illegal drugs to the Philippine National Police (PNP) and focus instead on the economy amid soaring inflation rate and other fiscal issues…

Luigi cites infra projects, robust economy in Soca

Fe Marie D. Dumaboc and Norman V. Mendoza 08/29/2018

Mandaue City Mayor Gabriel Luis Quisumbing highlighted his administration’s major infrastructure projects, the improving peace and order situation in the city and its robust economy during his second State of the City Address on Wednesday. The mayor…

PH investment grade affirmed, but gov’t warned of overheating economy

Inquirer.net 07/18/2018

INTERNATIONAL credit watcher Fitch Ratings on Wednesday affirmed the Philippines’ creditworthiness at two notches above the minimum investment grade, saying the country continues to enjoy a favorable economic outlook and low government debt levels. At the same…

Job-skills mismatch causing losses to economy, says exec

Rosalie O. Abatayo 05/17/2018

Cebu economy is losing about P80 million because of unfilled job vacancies. This is according to Wesley Chiongbian, Mynimo.com CEO during a press briefing on Thursday. Chiongbian said he based his figure on a Mynimo informal study…

Pernia: This will cost economy P1.96B

Inquirer.net 04/24/2018

Boracay’s 6-month closure  The six-month closure from tourists of Boracay Island starting Thursday, April 26, would cost the economy about P1.96 billion, which the country’s chief economist said Tuesday would be compensated for by an increase in…

Insurance firm banks on Cebu’s fast-growing economy

Jose Santino S. Bunachita 01/22/2018

WITH a low insurance penetration rate in the country, an insurance firm is aiming to bank on Cebu’s continued economic growth to expand their coverage. Global insurance company Allianz PNB Life is set to expand its agency…

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