PH jobless rate worst in emerging Asia

Ben O. de Vera 05/24/2021

Despite an easing in the March unemployment rate, the Philippines remained the worst job market in emerging Asia with the biggest share of the unemployed to the labor force, a report of the state planning agency National…

DOTr seeks 2-year extension for BRT loans

Morexette Marie B. Erram 05/06/2021

CEBU CITY, Philippines – The Department of Transportation (DOTr) on Thursday, May 6 confirmed that they are seeking an extension on the validity of the loans for the construction of the Cebu Bus Rapid Transit (BRT). Officials…

‘No plan B’ if pork prices not lowered amid tariff cut, hike in imports, solons told

Christia Marie Ramos 04/20/2021

MANILA, Philippines — An official from the National Economic and Development Authority (NEDA) admitted to House lawmakers on Monday that there is “no plan B” should the temporary cut on pork import tariffs and the increase in…

Cebu’s business sector: Vaccine is key to economic revival

Delta Dyrecka Letigio 02/12/2021

CEBU CITY, Philippines — The business sector in Cebu believes that the economic revival of the province and the tricities would greatly rely on a successful vaccination program against the Coronavirus Disease 2019 (COVID-19). Cebu Chamber of…

Economists urge more food imports to temper price spikes

Ben O. de Vera - Reporter / @bendeveraINQ 02/06/2021

MANILA, Philippines — More economists are urging greater importation in view of expensive food that jacked up the inflation rate to a two-year high of 4.2 percent year-on-year in January. “Our priority right now is to ensure…

Defeatist mindsets

Cielito F. Habito - @inquirerdotnet 01/12/2021

A quote I once saw in a motivational poster struck me and stuck with me all through the years: “Think not of what could go wrong or why it won’t work; think of how to make it…

Funds and jobs secured for NAIA rehab project – Megawide

Greta Dela Cruz 12/13/2020

MANILA, Philippines — Megawide Construction Corp. and its partner, GMR Infrastructure, the world’s fourth largest airport operator, have complied with the equity requirement set by the National Economic Development Authority (NEDA) for their proposal to rehabilitate the…

Central Visayas loses P35.5B in tourism revenue

Ador Vincent Mayol 12/07/2020

CEBU CITY—Central Visayas has lost $713 million, or about P35.5 billion, in tourism revenue from foreign arrivals due to quarantine restrictions and border closures brought about by the coronavirus disease pandemic. Efren Carreon, regional director of the…

RDC-7 endorses COVID recovery program aligned with Balik Probinsya

Rosalie O. Abatayo 06/11/2020

CEBU CITY, Philippines — The Regional Development Council in Central Visayas has approved and endorsed the region’s recovery plan from the impacts of the coronavirus pandemic and the subsequent lockdown which will focus on sectors involving health,…

Gov’t eyes taxes on digital transactions

Ben O. de Vera - Philippine Daily Inquirer 05/25/2020

MANILA, Philippines — With the government expecting to spend trillions more than it earns over the next two years, the country’s economic managers are studying ways to raise more funds, including getting their hands in our digital…

CCCI welcomes lower corporate income tax as part of economic recovery

Morexette Marie B. Erram 05/22/2020

CEBU CITY, Philippines — The Cebu Chamber of Commerce and Industry (CCCI) welcomed the plans of the national government to reduce corporate income tax starting June. In a statement signed by its president, Felix Taguiam, the CCCI…

Gov’t drafting COVID-19 recovery plan

Julie Aurelio 05/13/2020

MANILA, Philippines — The government has begun consultations with civil society and private sector stakeholders in drafting a responsive and sustainable recovery plan for the novel coronavirus crisis. In his seventh weekly report to Congress, President Rodrigo…

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