Low export sales despite weak peso worries Philexport exec

Jose Santino S. Bunachita 09/27/2018

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…

Philexport exec on trade perk: Political noise won’t affect it

Jose Santino S. Bunachita 02/15/2018

Optimistic exec: GSP+, gift given to PH without any political influence Local exporters remain optimistic that trade relations between the Philippines and Europe will continue to flourish. According to PhilExport Cebu executive director Federico Escalona, they do…

Exporters urged: Get ready for the rebound

Victor Anthony V. Silva 02/20/2017

Philexport Cebu official shows guarded optimism on sector’s growth, gives advice As the country’s export sector faces challenging times, local businessmen are encouraged to prepare themselves when the rebound will happen in the industry. Federico Escalona, Philippine…

Foreign investors spooked?

Victor Anthony V. Silva 12/19/2016

Think tank: Digong’s ‘erratic behavior’ may discourage fresh investments from coming in; biz heads agree Business leaders in the retail and export sectors in Cebu are seeing signs today of what a London-based think tank has foreseen…

Go bananas!

Dominic D. Yasay 11/30/2016

Traders urged to consider exporting fruits to get slice of China’s market Explore opportunities in the fruit export sector. Federico Escalona, Philippine Exports Confederation, Inc. (Philexport) Cebu Chapter executive director, made this call to local exporters as…

Survival tips for exporters

Dominic D. Yasay 11/30/2016

EXPORTERS in Central Visayas are encouraged to continue to innovate and improve their products and explore new markets to survive in a market that has been experiencing a 17-month decline in demand. Trade Secretary Ramon Lopez said…

Cautious optimism

Victor Anthony V. Silva 11/20/2016

Exports up in 3rd quarter; exec says last quarter to determine sector’s health While the rebound of the Philippine exports sector at the end of the third quarter of the year may be considered good news, a…

PH posts 7.1% GDP GROWTH: Duterte gov’t lauded; early economic momentum cited

Victor Anthony V. Silva 11/17/2016

Business leaders in Cebu lauded the present administration for the 7.1-percent growth of the Philippine economy during the first three months of President Rodrigo Duterte in office. However, some said this could also be owed to the…

Digong pronouncements cause deep concern to foreign investors

Nestle L. Semilla, Victor Anthony V. Silva 10/22/2016

Foreign businessmen have expressed concern over President Rodrigo Duterte’s announcement that he would “break up” economic and military ties with the United States of America and has led them either to postpone expansion plans here or leave…

Subsidize QMS certifications of small exporters, gov’t urged

Victor Anthony V. Silva 09/26/2016

The Philippine government can help its small to medium-scale exporters by subsidizing expenses for quality management system certifications required by markets such as the European Union (EU). Federico Escalona, executive director of the Philippine Exporters Confederation, Inc.…

Exporters urged to focus on local, emerging markets

Victor Anthony V. Silva 08/11/2016

Amid a weak global market, exporters are encouraged to temporarily focus on the domestic market and explore opportunities in emerging markets such as countries in the Asean, European Union, Australia and South America. “We can tap their…

Exec: Cebu port cuts 7-month revenue shortfall to P540M

Victor Anthony V. Silva 08/07/2016

THE Cebu Port has cut by 4.5 percent or P540 million its revenue shortfall in the first seven months of the year. Acting Cebu Customs District Collector Rico Rey Francis Holganza said yesterday that the Cebu Port…

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