EVEN though this year’s Sinulog Festival is cancelled due to the Covid-19 pandemic, Cebu Gov. Gwendolyn Garcia will continue with her yearly practice of offering a “prayer dance” t…
Tag: continue
Clearing operations in Cebu City continue
THE Cebu City Government’s clearing operations continue on Jan. 12, 2022, 27 days after Typhoon Odette (Rai) hit the city.Councilor Jerry Guardo admitted that although they failed…
Espina: ‘Rebuilding, Recovering’
Cebu will continue to repair the damage caused by Covid-19 and Typhoon Odette. The basic thrust is “Rebuilding, Recovering!” This should be a multi-sectoral initiative.AcademeThe p…
Cash aid distribution for seniors, PWDs to continue
DESPITE the devastation brought about by Typhoon Odette (Rai), the distribution of financial assistance to thousands of senior citizens and persons with disabilities (PWDs) in Cebu…
PAL gets approval from US Court to access $505M in DIP financing
PHILIPPINE Airlines Inc. (PAL) has announced it received US court approval on a final basis to access its debtor-in-possession (DIP) financing totaling US$505 million, a core feature of the flag carrier’s restructuring plan. “This important step confirms that our recovery process is on track as we continue to work hard on securing a fully consensual […]
PAL begins restructuring process, vows to meet all obligations
FLAG carrier Philippine Airlines (PAL) has begun bankruptcy proceedings in a court in the United States. But PAL assured it will continue to fly and to serve its customers throughout this process. “PAL will continue to operate flights in the normal course of business in accordance with safety regulations, and the Company expects to continue […]
Filinvest Land to continue developing projects in ‘emerging regional hubs’
FILINVEST Land, Inc. (FLI) will continue developing its residential projects across the country while working on increasing its gross leasable area (GLA). “We will be in new emerging regional hubs. We want to expand geographically in areas that we are not yet present, and strengthen our foothold in areas we are already in,” FLI Chief […]
El Salvador offers $30 of Bitcoin to citizens
El Salvador President Nayib Bukele doubled down on the country’s new law making Bitcoin legal tender and offered $30 worth of the cryptocurrency to any citizen who signs up for a digital wallet. The government will create its own Bitcoin wallet called Chivo, which is slang for “cool” in El Salvador, Bukele said during a […]
HSBC sees PHL herd immunity by April 2024
THE economic recovery remains hindered by the persistence of high infection numbers and the slow pace of vaccination relative to elsewhere in Asia, according to analysts from HSBC Ltd., who projected a 75% vaccination rate for the Philippines sometime around April 2024. The timing of that milestone would make the Philippines the third-slowest among Asia […]
PHL seen missing out on ASEAN-6 export boom
THE PHILIPPINES will likely lag the expected rebound in exports by the biggest Southeast Asian economies, think tank Oxford Economics reported. In a note released Monday, Oxford Economics projected that goods exports will only account for 2.7 percentage points (ppts) to gross domestic product (GDP) this year, the smallest proportion of the six major ASEAN […]
Converge expects 55% household coverage by 2025
By Arjay L. Balinbin, Senior Reporter LISTED fiber internet provider Converge ICT Solutions, Inc. is aiming to cover more than half of the country’s households by 2025, its top official said. “We are hopeful that we can contribute to economic recovery as we reach our objective of 55% household coverage by 2025 with our fiber […]