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Trade missions, business summits planned for 2017

Cebu Chamber of Commerce and Industry president Melanie Ng CEBU business leaders are lining up activities to help them maximize in getting a share of the opportunities in 2017 as they look back at a productive 2016. With Preside...

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Investors commit P441.8 B projects in 2016

MANILA, Philippines – Investment pledges approved by the Board of Investments (BOI) continued to pile up in the second half of the year, pushing the full year total to its second highest level in 16 years. The BOI s...

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DBS sees Philippine GDP growth easing this year

In its latest Economics Markets Strategy report on the Philippines titled “Phl: Still strong,” DBS economist Gundy Cahyadi said the country’s gross domestic product (GDP) growth would likely ease to 6.4 percent this year from the projected...

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Residential real estate prices increase at slower pace in Q3

RESIDENTIAL real estate prices grew at a slower pace of 2.2 percent in the third quarter of 2016 as the RREPI rose to 113.4 from 111.0 for the same quarter a year ago. The annual growth in residential real estate prices was lower than the 11.3 percent increase regis...

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New banknotes signed by Duterte now in circulation in Cebu banks

circulation. The banknotes bearing the signature of President Rodrigo Duterte arrived in Cebu last Dec. 21 and are now in circulation, says Bangko Sentral ng Pilipinas Cebu Bank Officer Hazel Cultura. The bills are in the P20, P50, P100 and P200 denominations, as the shipment for the P50...

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Cebu construction bounces

Booming. The construction of a hotel in Mandaue City is in full swing. After a sharp decline last year, bringing down Central Visayas’ gross regional domestic product to just 4.8 percent, the construction industry bounced back from the slump, with first sem...

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