Sen. Risa Hontiveros is calling on the country’s incoming economic managers to remove the uncertainty and finally resolve the work-from-home (WFH) impasse in the information technology-business process management (IT-BPM) sector.“Ideally, before the country’s new economic team is installed, it should already find a common ground with the IT-BPM sector and remove the anxiety of their […]
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BSP sees reform continuity, solid growth this year
The Philippine central bank chief said on Friday president-elect Ferdinand “Bongbong” R. Marcos, Jr., is better placed than his predecessor to face economic challenges and that he expects structural reforms and infrastructure build-up will continue under the new administration. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno, speaking at an Asian Development Bank Institute […]
Cebu Pacific, Cebgo domestic flights to return to T1 effective June 16
DUE to the significant growth in traffic, airport operator GMR-Megawide Cebu Airport Corp. (GMCAC) announced on Thursday, May 19, 2022, that domestic flights of Cebu Pacific Air and Cebgo will be transferred back to the Terminal 1 (T1) of the Mactan-Cebu International Airport (MCIA) in Lapu-Lapu City effective June 16.In a statement, the GMCAC said […]
Editorial: Post-election consequences
If all 67 million Filipinos registered for the general elections headed to the voting centers and cast their votes Monday, May 9, it would mean over 61 percent of the 109,035,343 population (2020 census) chose to exercise their right to suffrage. That’s if all went to the polling precincts and endured the long lines. Filipinos’ […]
Mitsubishi Shipbuilding Completes Conceptual Study for Ammonia/LCO2 Carrier
TOKYO, Apr 19, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group based in Yokohama, has completed a conceptual study for the design of an “Ammonia/Liquefied CO2 Carrier” capable of transporting both ammonia and liquefied carbon dioxide (LCO2). The extensive study conducted with Mitsui O.S.K. Lines, Ltd. […]
Gwen to offer ‘prayer dance’ on fiesta day
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…
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 […]