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MANILA, Philippines — The El Niño weather pattern has led to around P4 billion in losses for agriculture, a government official announced on Wednesday. Joey Villarama, a spokesperson for the El Niño Task Force, stated that this…
MANILA, Philippines — The Philippine Charity Sweepstakes Office (PCSO) reported on Thursday that the agency is losing approximately half a million daily due to canceled lotto tickets. During the hearing of the Senate committee on ways and…
ILOILO CITY — Iloilo incurred more than P3.7 billion in economic losses during last week’s three-day power outage on the islands of Panay and Guimaras and parts of Negros. Mario Nillos, head of the Provincial Planning and…
LAPU-LAPU CITY, Cebu – A modern jeepney company in Cebu has decided to temporarily suspend its operations as it suffers from “severe problems.” In a Memorandum dated September 22, 2023, BEEP Cebu said that it will suspend…
MANILA, Philippines — ABS-CBN on Tuesday announced that TeleRadyo, which formerly airs dzMM programs, would cease operations on June 30 due to financial losses. “TeleRadyo has been incurring financial losses since 2020,” the network said in a…
MANILA -Three major, local business groups are seeking a compromise to the planned P150 across-the-board daily wage hike in the Senate, including the exemption of local firms engaged in direct exporting, as well as a “graduated” implementation…
Heavy losses continued for the operator of budget airline Cebu Pacific amid the COVID-19 pandemic. Cebu Air Inc. disclosed on Wednesday a net loss of P14.7 billion by the end of September this year—a reversal of the…
The listed operator of Philippine Airlines (PAL) posted a P9.4-billion loss in the first quarter of 2020, reflecting the staggering impact the new coronavirus disease (COVID-19) pandemic has unleashed on the aviation sector. Taipan Lucio Tan’s PAL…
THE Cebu City Sharks-Casino Ethyl Alcohol are treating every game from hereon end as must-win situations as they bid to make the playoffs of the Maharlika Pilipinas Basketball League Datu Cup. The Sharks convened for practice for…
If Cebu rice retailers implement the suggested retail prices (SRP) for rice, this move would cripple their businesses. During yesterday’s orientation on the implementation of the SRP on rice in Cebu, Consolacion Mayor Teresa Alegrado, president of…
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…
A traffic study done by the Japan International Cooperation Agency (Jica) detailing how Metro Cebu sustained daily economic losses amounting to P1.1 billion due to poorly planned infrastructure projects may convince some Cebu City officials and the…
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