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Business leaders in Cebu welcomed the idea of building an oil refinery in the province, citing its benefits to the local economy. For Virgilio Espeleta, Cebu Chamber of Commerce and Industry (CCCI) vice president for business development,…
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…
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…
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…
While Bloomberg reported that investors in the Philippines were giving President Rodrigo Duterte “the worst reception for a new president in almost two decades” after a “tumultuous first 100 days,” Cebu business leaders believe it is too…
Cebu business leaders welcomed the government’s initiative to “recalibrate” its foreign policy toward fostering stronger ties with China and Russia, but they stressed the need to also maintain ties with traditional partners. Federico Escalona, executive director of…
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.…
An export industry leader in Cebu has encouraged authorities to further analyze reports pointing to a local fisheries exporter as the source of contaminated scallops that left 252 people ill with hepatitis A in Hawaii. Federico Escalona,…
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…
Cebu biz leaders back DOE stand on building more power plants to sustain economic dev’t With the Department of Energy (DOE) saying that the country needs to build more baseload power plants to push the nation’s economic…
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