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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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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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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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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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