Persistent inflation, higher interest rates will weigh on global economy

FRANKFURT, Germany — The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and higher interest rates weigh on growth, banks and markets. That was the takeaway Wednesday, June 7, 2023, from the latest economic outlook by the Paris-based Organization for Economic Cooperation and Development. […]

Amnesty for traffic violators ‘loss of income’ for Cebu City

GRANTING amnesty to Cebu City traffic violators may result in a loss of income for the city. This was the concern raised by members of the City Council with the proposed ordinance of Councilor Rey Gealon entitled “An Ordinance Granting Amnesty to Traffic Violators for their Accumulated Fines, Penalties, Interests, Surcharges, And Including Storage Fees.” […]

After threatening to quit, BRT contractor summoned

CHINESE contractor Hunan Road and Bridge Construction Group Ltd. will have to face the Cebu City Council and explain why it threatened to quit working on the Cebu Bus Rapid Transit (BRT) Package One. Cebu City Councilor Rey Gealon proposed a resolution during the City Council’s regular session on Wednesday, June 7, 2023, in response […]

PH cyberspace at risk with lack of security

BUSINESSES will incur losses of up to P6.5 billion every day if hackers succeed in carrying out a cyberattack on the country’s most essential digital infrastructures. This is based on the 2021 PSEI (Philippine Stock Exchange Inc.) financial report when it comes to attacking the main Critical Information Infrastructure (CII) in the Philippines. This is […]

Badian losing P1.1M daily after Kawasan Falls closed

THE renowned Kawasan Falls in Badian town, southwestern Cebu has been losing around P1.1 million in income daily due to the temporary closure order issued by the Cebu Provincial Government. Earl Vincent Endab, tourism officer and information officer designate of Badian, said around P100,000 of the sum goes to the local government unit (LGU) daily, […]

COURT: CPA owns Compania Maritima

THE Cebu Port Authority (CPA) can now proceed with its development plans in the Compania Maritima premises after the Regional Trial Court (RTC) Branch 10 in Cebu City affirmed its ownership of the area. Despite the latest court decision that affects the ongoing Carbon Market redevelopment project, however, Cebu2World Development Inc. (C2W), the subsidiary of […]

Gilas releases 21-player pool for the 2023 Fiba World Cup

THE Samahang Basketbol ng Pilipinas has finally released the much-awaited list of the pool of players of the Gilas Pilipinas men’s basketball team that will compete in the 2023 Fiba World Cup this August in the Philippines. Three Cebuanos made it to the list: Roger Ray Pogoy, Carl Tamayo and six-time PBA MVP June Mar […]

DMCI targets 1.5M WMT of nickel ore shipment in 2023

DMCI Mining Corp. reported that it is targeting to ship 1.5 million wet metric tons (WMT) of nickel ore in 2023, after its subsidiary Zambales Diversified Metals Corp. (ZDMC) was granted an Environmental Compliance Certificate (ECC) in January to produce two million WMT of nickel ore. Prior to the ECC issuance, ZDMC had been only […]

Improved CCCI Marketplace app set for relaunch in July

THE Cebu Chamber of Commerce and Industry (CCCI) will launch in July the newly improved CCCI Marketplace after it sought the United States Agency for International Development’s (USAID) technology and e-commerce expertise. While it will be offered exclusively to CCCI members initially, the app is meant to connect and boost trade among CCCI members and […]

Delightful culinary pairings await at Shangri-La Mactan Cebu’s Acqua and Cowrie Cove during the Cebu Food and Wine Festival

SHANGRI-LA Mactan is thrilled to participate in this year’s Cebu Food and Wine Festival with its curated menus at Acqua and Cowrie Cove. The luxe resort’s master chefs will be collaborating with exemplary guest chefs, for a two-night showcase of exquisite food pairings for interested diners. Traditional and modern cooking concepts will be the main […]

Danao City opens P11.4-M skate park

FOUR days before its 62nd Charter Anniversary, Danao City opened its P11.4-million skate park on Saturday, June 3, 2023, to promote skateboarding and an active lifestyle. This is just one of many projects the City had in plan for its monthlong charter anniversary celebration that includes the groundbreaking for a youth center and renovation of […]

Cebu still preferred by BPO firms expanding outside metro Manila

CEBU led other provincial sites in terms of office space take-up, with over 7,000 square meters (sq.m.) recorded in the first quarter of 2023, despite lower deals recorded for all key outsourcing destinations outside Metro Manila. This indicates that Metro Cebu remains one of the most attractive expansion hubs for outsourcing firms in the Philippines, […]

District engineer ‘chief,’ 4 others suspended

THE Regional Trial Court (RTC) of Cebu City has suspended, Florida P. Nuñez, acting chief of Cebu 5th District Engineering Office, and three others, for violating Republic Act 3019, or the Anti-Graft and Corrupt Practices Act. Presiding Judge Grace M. Veloso-Fernandez of the RTC Branch 19 ruled that Florida P. Nuñez, along with Rogelio N. […]

Denial of funeral services due to non-payment now illegal

FUNERAL homes and parlors in Cebu City can no longer deny anyone their services for non-payment of fees and other expenses. This was after a landmark legislation was passed by the Sangguniang Panlungsod through the proposal of Cebu City Councilor Rey M. Gealon. Gealon said he crafted the ordinance for the poor and underprivileged. “Para […]

Batuhan: The weight of the nation

My University of the Philippines Cebu High School class is having its grand reunion this year. Well, it should have happened last year, but with the Covid -19 pandemic still raging and all, we decided it was only prudent that we moved it to this year instead. Of course, as part of the event, we […]

Carvajal: Maharlika-ed into direr poverty

The good news is these welfare funds, SSS, GSIS, Philhealth, Pag-ibig, Overseas Workers Welfare Administration (Owwa), Philippine Veterans Affairs Office (PVAO) and Home Development Mutual Fund (HDMF), are banned from the newly passed Maharlika Investment Fund (MIF) bill. The bad news is that everything else about the MIF is bad news. It’s bad news that […]

Vivo showcases new smartphone at Cyberzone Mobile Mania 

VIVO showcased its latest V Series smartphone, the V27 5G, and its exclusive features during the launching of the Cyberzone Mobile Mania on June 2, 2023 in SM North Edsa. Didge Gazzingan and Oliver Flavier of Vivo shared how the brand has been leading and empowering the smartphone industry with game-changing innovations since 2016. During […]