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Traffic, business and cars

Traffic starts to build in one of the Cebu City streets in this Dec. 17, 2016 photo. (CDN PHOTO/TONEE DESPOJO). With more new vehicles on the road, business leaders cite t...

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Good strides in retail

THE retail sector in 2016 continued to contribute significantly to the local economy, amid strong domestic consumption. According to the Philippine Statistics Authority (PSA), household...

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Stocks tumble on global economic concerns

The Philippine Stock Exchange index (PSEi) plunged 99.19 points or 1.48 percent to close at 6,587.17, its lowest since February. File photo MANILA, Philippines – Lingering concerns on the global environment continue to...

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OFW Bank to open in 2017

Dedicated to the OFWs. The Duterte administration is opening an OFW Bank in the third quarter of 2017. An official from the Cebu Bankers Club said that amid expected competition, private commercial banks still have a huge advantage in terms of network. But if the governmen...

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BSP profit hits record P15.3 B in 10 months

Revenues surged 30.2 percent to P62.33 billion from P47.87 billion as interest earnings rose 21 percent to P38.83 billion from P32.08 billion, while miscellaneous income coming from trading gains from domestic and foreign currency secur...

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