News
If peso-dollar level falls to "65, what happens to Cebu's economy?
1+ hour, 13+ min ago (504+ words) CEBU CITY, Philippines " A potential slide of the peso to the "65-per-dollar level may no longer be viewed as an extreme scenario, according to economists and experts. It has become increasingly possible if long-standing economic vulnerabilities and rising uncertainty continue…...
Why the PH economy may stay weak for years to come
5+ day, 6+ hour ago (615+ words) MANILA, Philippines " The Philippine economy may continue operating below its full potential through the remainder of President Ferdinand Marcos Jr. s term as prolonged global conflict and deep-rooted domestic weaknesses weigh on growth, according to economists from De La Salle…...
Better logistics, food supply key to cooling Central Visayas inflation
1+ week, 3+ day ago (160+ words) this is according to Cebuano economist Ferdinand 'Perry' Fajardo....
Central Visayas inflation for April highest in PH, at 10. 8%
1+ week, 4+ day ago (358+ words) CEBU CITY, Philippines "Inflation, or the general increase in the prices of goods, in Central Visayas accelerated to an all-time high in April as surges in oil prices weighed down on transportation and logistics. For April, the region posted an…...
High inflation rate in CV, Zamboanga: Gov't intervention needed
2+ week, 2+ day ago (100+ words) The high inflation rate in Central Visayas (CV) and Zamboanga Peninsula is something that already requires government intervention....
Cebu's tech-savvy workforce continues to draw global investors
2+ week, 2+ day ago (333+ words) CEBU, Philippines " Cebu's growing reputation as a hub for highly skilled, tech-savvy talent continues to attract global investors. American tech care and customer solutions firm Asurion on Thursday, May 7, formally inaugurated its sixth office in the Philippines, this time in…...
Philippines: Economic growth at five-year low due to Mideast war
2+ week, 3+ day ago (295+ words) MANILA, Philippines " The Middle East war and a major corruption scandal drove Philippine economic growth to a five-year low, officials said Thursday, adding future targets would be lowered. Gross domestic product expanded 2. 8 percent for the three months to March, sharply…...
PH index bounces back on easing US-Iran tensions
2+ week, 3+ day ago (352+ words) MANILA, Philippines " Philippine equities bounced back on Wednesday, with the benchmark index rising as investors responded positively to easing geopolitical tensions in the Middle East. The improved outlook boosted demand for riskier assets and supported continued foreign inflows into the…...
Marcos secures 60-day price freeze with food firms
2+ mon, 4+ day ago (328+ words) MANILA, Philippines " President Ferdinand Marcos Jr. on Friday said that food companies, processors, and retailers have agreed to freeze the prices of their products for up to two months to help mitigate the impact of the Middle East conflict on…...
Manufacturers: No price increases of commodities in next 30 days
2+ mon, 6+ day ago (240+ words) MANILA" Manufacturers of basic and prime commodities have committed to keep prices at current levels for the next 30 days, amidst the impact of higher oil prices. The Department of Trade and Industry (DTI), in a news release issued Tuesday night,…...