EnglishEconomy
Cebu Secures 3rd Spot in Global Travel Rankings
Cebu has once again proven its global appeal by securing third place in the Area Category of the highly acclaimed NEWT Awards 2024. The Department of Tourism (DOT) proudly announced this achievement on Tuesday, February 4, 2025, highlighting Cebu’s growing reputation as a top travel destination. Seoul, South Korea, has claimed the top spot in the latest global travel rankings, followed […]
2024 GDP Growth Forecast at 5.8%
The country’s economic growth may have fallen short of the government’s target last year, as severe storms late in the season dampened the usual holiday-driven boost. According to a median forecast from 12 economists surveyed by Inquirer, the Philippine gross domestic product (GDP)—which measures the total value of goods and services produced—likely expanded by 5.8% […]
Japanese-Style Nursing Facility by Nambu Wellness in Lapu-Lapu
Cebu is set to welcome a state-of-the-art nursing care facility, spearheaded by a leading Japanese company, marking a transformative chapter in senior care for Cebuanos. Nambu Wellness, a renowned name in Japan with over a century of expertise, officially launched its first Philippine project with a ceremonial groundbreaking event on January 8, 2025, in Barangay […]
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 […]