EnglishNews
Five Top Japanese Firms Plan New Investments in the Philippines
A number of Japanese companies such as Japan Institute of Design and Promotion, electronics manufacturer MinebeaMitsumi, merchandising firm Aeon Co. Ltd., and trading and investment giants Itochu Corp. and Marubeni Corp., are exploring new investment opportunities in the Philippines. According to the trade chief, representatives from these firms have expressed plans for expansion in the […]
Cebu Retains Title as PH’s Richest Province for the 10th Year
Cebu has once again been named the richest province in the Philippines, holding the top spot for an impressive 10th consecutive year. The province reported a 31% increase in its assets, reaching a remarkable ₱253 billion in 2023, according to the Commission on Audit. This consistent achievement reflects Cebu’s robust economic foundation, driven by a […]
Bank Rolls Out Innovative Interest Rate Swap Market
The Bankers Association of the Philippines (BAP) officially launched the upgraded Peso Interest Rate Swap (IRS) market on Monday, November 18, 2024. Designed to enhance the process of setting and managing interest rates, this new market provides significant benefits to both banks and borrowers. It is particularly advantageous for businesses reliant on loans, as it […]
Cebu Shines as Adventure Hub at Outdoor7 Summit
To strengthen Cebu’s reputation as a top adventure destination, the Department of Tourism (DOT) Region 7 has launched the highly anticipated Outdoors7 Summit 2024. This is a five-day event, starting November 20-24, 2024, held at Ayala Malls Central Bloc and Seda Central Bloc in Cebu I.T. Park. It features a dynamic lineup of forums, exhibitions, […]
CLI Set to Unveil 2 New Exciting Projects!
Cebu Landmasters, Inc. (CLI), a trailblazer in Philippine real estate, is gearing up to launch two highly anticipated projects before the year ends: The North Grove at Pristina Town in Cebu and Manresa Town in Cagayan de Oro City. These developments emphasize CLI’s unwavering commitment to creating vibrant, sustainable communities in key locations across the […]
Ayala Gains Stake in Cebu Development Firm
Ayala Corporation has made headlines in the Philippine real estate sector by acquiring a well-known Cebu-based developer after the successful approval of Aboitiz InfraCapital's stake buyout. This strategic acquisition enhances Ayala's presence in the fast-growing Visayas region and aligns with its mission to foster sustainable urban development across the Philippines. The move comes as the […]
Philippines' Q3 GDP Growth Slows to 5.2% Amid Economic Challenges
In the third quarter of 2024, the Philippines recorded a Gross Domestic Product (GDP) growth rate of 5.2%, marking a slowdown from the 6.4% growth achieved in the previous quarter. This deceleration highlights several economic challenges facing the country, including adverse weather conditions that have particularly impacted agriculture and disrupted government projects. This quarter’s growth […]
Cebu's Future: SM Seaside Arena Set to Redefine Events
The SM Seaside Arena, a monumental project under construction in Cebu City's South Road Properties, is heralding a new era for the region's economic and cultural landscape. With a seating capacity of 16,000, this will be the largest indoor arena in Cebu, designed to host various events, including international concerts, sports tournaments, and conventions. The […]
SM JMall:Cebu's New Shopping Sensation
Excitement buzzed through the streets of Mandaue City as the highly anticipated SM JMall officially opened its doors to the public last October 25, 2024. This vibrant new shopping destination marks the fourth SM store in the city. SM J Mall stands as a testament to modern architecture and innovative design, blending Japanese influences into […]
Cebu City Unveils Ambitious ₱33B Investment Plan for 2025
Cebu City is set to embark on an ambitious journey towards infrastructural and social advancement with a proposed P33 billion Annual Investment Plan (AIP) for 2025. The investment focuses on various sectors, particularly infrastructure and social services, and is designed to foster economic growth, enhance connectivity, and improve the overall business environment. Flood Management and […]