What a combined Paramount-Warner would mean

04/23/2026

NEW YORK — HBO Max, “Harry Potter” and CNN may soon find themselves under a new roof: Paramount. That’s because shareholders of Warner Bros. Discovery on Thursday voted to sell the entire business to the company that owns CBS, along with…

Cebu still most preferred business location outside NCR – Colliers

Morexette Marie B. Erram 07/10/2025

CEBU CITY, Philippines — Cebu’s office market saw a strong rebound in the first quarter of 2025 following a slowdown at the end of 2024, according to data from real estate services firm Colliers.  The recovery was…

Converge eyes full fiber coverage across mainland Cebu by June 2025

Morexette Marie B. Erram 11/26/2024

CEBU CITY, Philippines — Internet service provider Converge ICT Solutions Inc. is targeting to achieve complete coverage in mainland Cebu by next year. In a recent roundtable held here, officials at Converge revealed they aim to activate…

How does wage increase affect customer spending?

Niña Mae C. Oliverio 10/16/2024

CEBU CITY, Philippines — The new wage hike in Central Visayas may have an impact on how consumers spend their wage on necessities. Wage Order No. ROVII-2, published on September 16, 2024, provides for an increase of…

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)…

Livelihood orientation held for displaced MEPZ workers 

Futch Anthony Inso 08/02/2023

CEBU CITY, Philippines—The Department of Labor and Employment in Central Visayas (DOLE-7), in coordination with the Lapu-Lapu City Government, conducted a livelihood orientation and proposal writeshop to displaced Mactan Export Processing Zone (MEPZ) workers. The activity was…

ABAC in Cebu: President Marcos assures PH’s support

Morexette Marie B. Erram 07/28/2023

CEBU CITY, Philippines – President Ferdinand ‘Bongbong’ Marcos Jr. has urged business leaders in the Asia-Pacific to “find inspiration and leverage available tools” in fostering rapid economic growth in the region as he welcomed them for the…

MARCOS SONA 2023: Cebu business leaders hope inflation can be eased further

Morexette Marie B. Erram 07/26/2023

CEBU CITY, Philippines – When President Ferdinand ‘Bongbong’ Marcos Jr. delivered his second State of the Nation Address (Sona) last Monday, July 24, he opened his speech with the biggest challenge his administration faced: Inflation. With this,…

Fuel prices raised by up to P1.35 per liter effective July 25

Meg J. Adonis 07/24/2023

MANILA  -Another round of increases in the pump prices of petroleum products will greet motorists on Tuesday, July 25, 2023,  after oil companies announced hikes of as much as P1.35 per liter. In separate advisories, the oil…

PH inflation further eased to 5.4% in June

Ronnel W. Domingo 07/05/2023

MANILA  -Inflation in the Philippines eased for the fifth consecutive month in June to 5.4 percent, the lowest in 13 months,  according to the Philippine Statistics Authority. This brought the average inflation rate in the first semester…

Study shows 130 countries exploring central bank digital currencies

06/29/2023

LONDON – A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a closely-followed study shows. The research…

Proposed ‘buy local’ ordinance pushed at Cebu City Council

Wenilyn Sabalo 03/23/2023

CEBU CITY, Philippines — Cebu City Vice Mayor Raymond Alvin Garcia has proposed an ordinance that calls for the mandatory promotion and procurement of locally-produced goods and services to help micro, small, and medium enterprises (MSMEs) in…

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