NEDA-7: Consumer demand needs to rise to improve economy

Delta Dyrecka Letigio 02/26/2021

CEBU CITY, Philippines — The National Economic and Development Authority in Central Visayas (NEDA-7) said that in order to boost economic revival the consumer demand would need to rise. In their report to the Regional Development Council…

Region 7 lost opportunity to earn over US$700M from foreign tourist arrivals

Morexette Marie B. Erram 08/22/2020

CEBU CITY, Philippines — Due to quarantine restrictions and border closures, Central Visayas lost the opportunity to earn over US$ 700 million from foreign tourist arrivals, local economists said. The National Economic and Development Authority in Central…

NEDA-7: Infra to pump prime economic recovery from COVID crisis

Rosalie O. Abatayo 07/22/2020

CEBU CITY, Philippines — Infrastructure build-up and maximizing the potentials of the agriculture sector in Central Visayas may be the region’s passport to economic recovery from the effects of the COVID-19 pandemic. National Economic and Development Authority…

Labor group asks wage board for P360-wage adjustment

Rosalie O. Abatayo 05/02/2019

CEBU CITY, Philippines — The Cebu Labor Coalition (CLC) has asked the Regional Tripartite Wages and Productivity Board in Central Visayas (RTWPB) for a P361.50 wage adjustment on top of the present P386-daily minimum wage. CLC filed…

Neda-7: CV economy to continue growing this year

Irene R. Sino Cruz 03/23/2019

CEBU CITY, Philippines–The region’s economy will continue to post growth this year, according to Efren Carreon, Central Visayas director of the National Economic Development Authority (Neda). Carreon cited the sectors of tourism and business process outsourcing (BPOs)…

Big-ticket projects to increase power demand in C. Visayas

Futch Anthony V. Inso 11/07/2018

With upcoming big-ticket projects in the pipeline for Central Visayas, investors are encouraged to venture into the power industry to meet the demand for electricity especially when these projects will be implemented and completed. Lorna Manila, National…

Neda-7 chief: 7.5% to 8% growth for C. Visayas in next six years

07/17/2017

CENTRAL Visayas is projected to grow between 7.5 and 8 percent on average in the next six years on the back of robust industry and services sectors, the region’s economic chief said. Efren Carreon, director of the…

Support needed to boost creative industry

Victor Anthony V. Silva 07/16/2017

WORLD renowned furniture-designer Kenneth Cobonpue believes that providing a strong support mechanism for local players in the creative industry could “help push the country forward.” Cobonpue, who is also a chairman of the Regional Development Council in…

YOLANDA STATUS REPORT: More work to be done, 3 yrs after

Victor Anthony V. Silva 11/08/2016

Government agencies have completed 74 percent of all Yolanda rehabilitation projects in Central Visayas after three years, but an official of the regional National Economic and Development Authority (NEDA-7) said a lot remains to be done. Based…

Construction, export sectors to help CV’s economic rebound

Victor Anthony V. Silva 07/28/2016

Neda-7 chief: Region 7’s growth rate drop from 7.8 percent in 2014 to 4.8 percent in 2015 temporary The promised increase in infrastructure spending under the present administration, and the agriculture and manufacturing sectors are among the…

Visitor arrivals, IT-BPM to help sustain Central Visayas growth

Victor Anthony V. Silva 06/19/2016

Positive developments in visitor arrivals, information technology and business process management (IT-BPM) sector and four other economic indicators will continue to make Central Visayas one of the fastest growing regions in the country today. Efren Carreon, National…

Metro Cebu board defers creation of traffic enforcers academy

Carmel Loise Matus 06/16/2016

THE Metro Cebu Development and Coordinating Board (MCDCB) deferred the approval of the creation of a Metro Cebu Traffic Enforcers Academy pending the review of its agreement. During their Thursday meeting, the board also took note of…

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.