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Malacañang on Saturday assured the public and foreign travelers that there are no heightened terror threats in the Philippines and maintained that it is generally safe to stay and do business in the country. “The Philippine government…
Even as foreign direct investment (FDI) lagged so far this year, economic managers were optimistic of the gains from President Rodrigo Duterte’s overseas visits, which they said will bring in $59.3 billion in economic benefits. Finance Secretary…
LIBERALIZING RETAIL INDUSTRY Following the announcement of the government to further liberalize the retail industry in the Philippines, a retail sector leader in Cebu urged local micro, small, and medium enterprises (MSMEs) to step up their game…
The government is looking at raising the maximum stake of foreign investors in a dozen sectors and business activities to shore up foreign direct investment (FDI) amid a year-to-date drop, the country’s chief economist said Wednesday. Socioeconomic…
WHILE the entry of more foreign banks into the Philippines would benefit the banking public, this development is also expected to stiffen the competition among financial institutions. Maximo Rey Eleccion, past president of the Cebu Bankers Club…
Multilateral lenders Asian Development Bank (ADB) and World Bank will lead foreign donors in helping the Philippine government in the rehabilitation of war-torn Marawi City, the country’s chief economist said. “They will be providing assistance and they…
FOREIGN military divers believed to be from the US Navy were seen joining the search and retrieval operations for the body of Bien Unido Mayor Gisela Boniel. This was revealed by Senior Supt. Rommel Cabagnot, who heads…
MARYJoy Tabal’s scheduled two-month training abroad will be cut short so she could deal with her reinstatement bid with the Philippine Athletics Track and Field Association (Patafa). Tabal, who is scheduled to train in Tuscany, Italy and…
FOREIGN runners ruled the dyAB 1512 Kapamilya Run half Marathon yesterday at the Terraces in Ayala Center Cebu. Canadian April Lynn topped the female division of the 21-kilometer race by clocking one hour, 42 minutes and 54…
Police on Saturday assured that it would determine the nationality and identify as soon as possible the lone gunman who terrorized the upscale Resorts World Manila casino in Pasay. In a news conference organized by Resorts World,…
It was the perfect Saturday night in March for a gathering of about a hundred Philippine ambassadors, their spouses, and Foreign Affairs officials in a private residence atop the mountain barangay of Pung-ol, Cebu City. Crispy prawns,…
About 31 foreign visitors arrived safely in Oslob town in southern Cebu on board a colorum banca despite the heavy downpour and zero sea visibility, the Philippine Coast Guard (PCG) Cebu station said yesterday. PCG-Cebu Commander Dionlett…
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