Converge gets tax incentives

FIBER broadband provider Converge ICT Solutions Inc. told the local bourse Wednesday, May 18, 2022, that it has secured the approval of the Fiscal Incentives Review Board (FIRB) to avail of tax incentives for its multi-phased establishment of connectivity facilities for high-speed broadband services targeting undeveloped and underdeveloped areas nationwide until 2026.The project will see […]

Cebu delivers most votes for BBM-Sara

CEBU Island delivered the most number of votes in the country for former senator Ferdinand “Bongbong” Marcos Jr. and Davao City Mayor Sara Duterte-Carpio, the frontrunners in the presidential and vice presidential races, respectively, Sugbo News said Friday, May 13, 2022.Cebu Province (including the highly urbanized cities of Cebu, Mandaue and Lapu-Lapu) is the most […]

54% of Cebuanos pick BBM, 63% pick Sara

FIFTY-FOUR percent of Cebuanos who turned out to vote picked former senator Ferdinand “Bongbong” Marcos Jr. to be president, while 63 percent picked Davao City Mayor Sara Duterte-Carpio to be vice president of the Philippines during the May 9, 2022 national and local elections.Of Cebu’s 3,288,778 registered voters (including those from the highly urbanized cities […]

April inflation rises to 4.9%

THE country’s inflation rate increased further to 4.9 percent in April this year from four percent in March.The Philippine Statistics Authority (PSA) said Thursday, May 5, 2022, that this is the highest recorded inflation since January 2019. Inflation in April 2021 was lower at 4.1 percent.The average inflation for the first four months of the […]

Aboitiz Group wants PPP to continue under new admin

THE infrastructure arm of the Aboitiz Group is hoping that the next administration will continue to use private-public-partnership (PPP) as a mode of infrastructure development across the country.“Infrastructure projects have a passive multiplier effect, thus we need to continue with our infrastructure program and with the limited fiscal space the government has, I think PPP […]

UnionBank nets P2.6B in Q1

UNIONBANK recorded a net income of P2.6 billion in the first quarter of 2022, translating to a return on equity of 9.2 percent.The bank’s recurring income grew 21 percent versus the same period last year as net interest income increased by 12 percent to P8.1 billion and fee-based income more than doubled to P1.4 billion.Net […]

3-day special vax day set in 12 LGUs in Cebu Province

THE Department of Health in Central Visayas (DOH 7) will hold a three-day house-to-house or special vaccination days in 12 local government units (LGUs) in Cebu Province starting Tuesday, March 29, 2022.The three-day special vaccination activity targets LGUs with the most number of senior citizens that have not received their coronavirus disease (Covid-19) inoculations.In no […]