PH, Efta states vow to improve FTA utilization rates

THE free trade agreement (FTA) between the Philippines and European Free Trade Association (Efta) member states—Switzerland, Norway, Liechtenstein and Iceland has been working well with no critical implementation issues since the FTA’s implementation five years ago. Both are currently enjoying preferential utilization rates of 31 percent for the Philippines and 30 percent for Efta member […]

Mindanao-Visayas grid linked by March

THE PHILIPPINES seeks to finish a project connecting the electricity grids in the central and southern parts of the country by March, President Ferdinand R. Marcos, Jr. said on Monday.  He made the statement at the launch of the Wholesale Electricity Spot Market (WESM) in Mindanao that the government expects to spur investments especially in […]

Councilor eyes ‘Singapore-like’ Cebu City public markets

“SINGAPORE-LIKE” public markets are being pushed by Councilor Renato “Junjun” Osmeña in Cebu City’s bid to revitalize trade and commerce. Osmeña inspected five public markets in the city Thursday, Jan. 26, 2023, and had a dialogue with the administrators and vendors to determine how the City Government can fast-track the development of public markets. Among […]

ShineGlobal Social Networking Market Report 2022: ByteDance, Match Group, Newborn Town & More Lead Industry Trends

HONG KONG, Jan 17, 2023 – (ACN Newswire via – Social networking establishes the connection and interaction between people. Entering the Internet era, social networking products bring everyone closer to each other. For Internet companies, social networking products are closest to people and can build an infinite commercialization derivative space based on the relationship […]

Impro: Share price of U.S. peer up nearly 300% in three years. Impro issues positive profit alert with extremely low comparable valuation

HONG KONG, Jan 16, 2023 – (ACN Newswire via – The latest macro data published by the U.S. is not ideal. The market expects the Fed will continue to raise interest rates through to the end of 2023. By then, the federal funds rate may reach 4.9% and the higher interest rate level will […]

Qs7: What happens after Cebu City Council’s approval of Mayor Mike Rama’s increase of real estate taxes. Business taxes spared for now but will come next. Kons Noel Wenceslao, budget and finance head, defends move anew, conceding it’s ‘unpopular but necessary.’

BEFORE the year ended on December 30, 2022, the Cebu City Sanggunian approved an increase of real estate taxes, which Mayor Michael Rama’s administration plans to fund much of its P50 billion budget for 2023. Councilor Mary Ann de los Santos had pleaded for people who own small parcels of land and are barely surviving […]