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CEBU CITY—The Cebu City Department of Manpower Development and Placement (DMDP) has been adjudged as this year’s National Best Public Employment Service Office (PESO). According to a press statement from the Department of Labor and Employment in…
CEBU CITY, Phillippines—Amid Big Hotel’s announcement to close down in the next three months, the Mandaue city government assured that it would assist the about 300 hotel employees who might be rendered jobless by the shutdown. Lawyer…
CEBU CITY—The Department of Labor and Employment and Employment (Dole-7) urges the Public Employment Service Office (Peso) in various local government units (LGUs) to help address the lack of skilled workers by identifying the available manpower base…
BANK regulators have finalized the relaxed rules for its dollar hedging facility meant to encourage more financial institutions to use it and consequently ease the selling pressure on the peso. In a press statement, the Bangko…
Amid a continuing depreciation of the peso versus the dollar, the local exporting industry is supposedly seen to benefit. However, local business leaders have noted that despite the opportunity for exporting to flourish with the depreciation of…
The Department of Labor and Employment in Central Visayas (DOLE-7) is offering emergency employment to families affected by the landslide in Naga City, Cebu. DOLE-7 Director Johnson Cañete said they will conduct profiling of landslide victims and…
The government should address the weakening peso which has dropped past P54 against the US dollar level and has affected businesses in the country including that of Cebu. Antonio Chiu, Cebu Chamber of Commerce and Industry (CCCI)…
The peso dropped anew to its lowest level in almost 13 years as investors fled to dollar assets, spooked by the country’s record high inflation for August and aggravated by a broad emerging markets selldown around the…
The Philippine peso was the second worst performing currency among emerging economies in the region during the first half, but the Department of Finance (DOF) said on Friday that sound macro fundamentals would rein in the exchange…
The peso fell to its weakest level in 12 years on Wednesday as traders digested dovish statements of Bangko Sentral ng Pilipinas officials that made financial markets uncertain about another interest rate hike next week to help…
OPERATORS of peso net businesses in Lapu-Lapu City are encouraged to convert these into an internet cafe business. Mayor Paz Radaza made this call on Tuesday as she promised to close peso net businesses in the city…
THE Bangko Sentral ng Pilipinas on Monday said it expects inflation in October within the range of 3.2–3.7 percent to possibly hit an almost three-year high. Citing the projection of its Department of Economic Research, the BSP…
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