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…

RP merchandise trade dropped to its lowest level in March

Irene R. Sino Cruz 05/06/2020

CEBU CITY, Philippines—The country’s merchandise trade registered a decline in March due to the coronavirus disease 2019 pandemic and the resulting restrictions in production supply chains and global trade flow. This was revealed by the National Economic…

NEDA urges government to prioritize support for production of essential goods

Irene R. Sino Cruz 04/08/2020

CEBU CITY, Philippines—Amid the country’s fight against the coronavirus disease 2019 (Covid-19) pandemic, the National Economic and Development Authority (NEDA) said the government should prioritize support for the production of essential goods and personal protective equipment. The…

NEDA calls for seamless coordination, comprehensive plan to mitigate COVID-19 impact

Irene R. Sino Cruz 03/25/2020

CEBU CITY, Philippines—Coordination and comprehensive planning is the right way to address the adverse impact of the Coronavirus Disease 2019 (Covid-19) outbreak, according to the National Economic and Development Authority (NEDA). “This public health emergency brought about…

NEDA urges government to implement measures in three phases to mitigate effects of COVID-19

By Irene R. Sino Cruz 03/17/2020

CEBU CITY—The National Economic and Development Authority (NEDA) has suggested the implementation of mitigating measures to address the adverse effects of COVID-19 outbreak on the country’s economy. Concerns over coronavirus disease 2019 (COVID-19) affecting tourism and travel…

China virus: How heavy the blow on PH economy

Ben O. de Vera, Doris Dumalao-Abadilla 02/08/2020

A prolonged crisis over the novel coronavirus (2019-nCoV) would likely cut up to P133 billion from the country’s P19-trillion economy, the country’s chief economist said on Friday with the property sector already feeling the effects of the…

Walking as traffic solution in downtown Cebu City feasible — NEDA

Rosalie Abatayo 01/22/2020

CEBU CITY, Philippines — Walking in some streets of Cebu City’s downtown areas as a solution to the worsening traffic may soon be implemented. This after  National Economic Development Authority Central Visayas (Neda-7) Director Efren Carreon confirmed…

Dino: President’s statement on skyways, trains ‘support’ LRT, monorail bid for Cebu

Rosalie O. Abatayo 01/20/2020

CEBU CITY, Philippines — A proponent of the Integrated Intermodal Transport System (IITS) for Cebu said the project’s implementation had seen light after President Rodrigo Duterte’s pronouncement on Sunday, January 19, 2020, that the way for Cebu’s…

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