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…

Grab Nakakalokal

PR 08/23/2019

Grab, the leading super app in Southeast Asia,  strengthens support for small-to-medium enterprises (SMEs) in the Philippines through the launch of NakakaLOKAL Festival, a campaign that brings together homegrown businesses and its super app services to celebrate…

Colliers: Nat’l developers to still pursue mixed-use communities for Cebu

Victor Anthony V. Silva 11/28/2017

FOR national developers to make more headway in the competitive real estate market in Cebu, Colliers Philippines, a property research and management firm, has recommended that they would need to develop mixed-use communities; differentiate integrated projects; as…

DTI program targets tech-based startups

Victor Anthony V. Silva 11/26/2017

FOLLOWING the success of its mentorship program for micro, small, and medium enterprises, the Department of Trade and Industry (DTI) is set to embark on a similar project this time for tech-based startups. Dubbed as Startup Island…

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