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Gross domestic product expands by 5.8 percent in 2015 The economy expanded in the last quarter of last year by 6.3 percent, the highest quarterly growth for 2015. This brought the average full-year gross domestic product (GDP)…
Failure of policy to shift from early success in import substitution into export industrialization and poor governance in general, characterized by high level of corruption from the top down to the local level, constrained the country from…
The Philippine economy will continue to grow and the bulls are projected to prevail in the local stock market next year and onwards, top executives of Sun Life Of Canada (Philippines) Inc. said. Michael Enriquez, SunLife chief…
Fewer businesses in Central Visayas were optimistic about the economy in the second quarter of this year, based on the quarterly Business Expectations Survey of the Bangko Sentral ng Pilipinas. Teresita Devesa, deputy director of the Department…
The Philippine Statistics Authority presented the economic performance of Central Visayas for fiscal year 2014. Central Visayas showed an increase in gross regional domestic product (GRDP) growth from 7.4% in 2013 to 8.8% in 2014. Comparatively, the…
Developers urged to do proper market research first A glut in property developments is “being felt” in Cebu, especially in the residential segment, an industry analyst said. Julius Guevara, director and head of research at real estate…
The Regional Tripartite Wages and Productivity Board kicked off its wage consultation in Central Visayas. Regional Director Exequiel Sarcauga of the Department of Labor and Employment (DOLE-7) said they will assess the positions of the sectors before…
On the strength of a remarkable company performance in 2014, Globe Telecom has established leadership in the Philippine mobile industry on multiple business fronts, making it the Number One mobile brand in the country. “Against mounting odds,…
IMF REVIEW The Philippine economy will be Southeast Asia’s growth leader this year on the back of more aggressive government spending, according to the International Monetary Fund (IMF). Consumption is also expected to stay strong, thanks to…
It would be a wasted opportunity for the City of Naga not to develop the Balili estate in barangay Tina-an despite it being tagged in a criminal case involving former Cebu governor and now Rep. Gwendolyn Garcia…
With Cebu’s fast-growing economy, the Visayan Electric Co. (Veco) is expecting a five-percent growth in energy sales this year as compared to last year’s 2.3 percent growth. This is based on a projected economic boom by many…
Cebu’s business leaders said the continued decline in oil prices will have a temporary positive impact on the country’s economy, resulting in savings and extra disposable income for people. “With oil imports at half a price, that…
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