JTA Invests $3B in Philippines, $1B for Cebu Projects
Qatar-based JTA International commits $3 billion to the Philippines, with $1 billion focused on Cebu for residential and tourism projects, boosting jobs and economic ties.
Category : Business
Philippine Exporters Urge US Dialogue After Tariff Ruling
Philexport calls for sustained bilateral engagement with the US following a Supreme Court ruling that struck down Trump-era tariffs, offering relief to exporters.
BSP Sees Inflation Peak at 3.6% in 2026 Within Target Range
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. forecasts inflation to peak at 3.6% this year, staying within the 2-4% target. The BSP cut rates to support growth amid economic slowdown.
DOLE Directs PESOs to Help Displaced Construction Workers
The Department of Labor and Employment has instructed Public Employment Service Offices to assist construction workers who lost jobs, as unemployment rises due to reduced public spending.
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Cebu Councilor Backs CBRT but Worries Over Partial Rollout
Cebu City Councilor Winston Pepito expresses mixed feelings about the Cebu Bus Rapid Transit's partial operations in March 2026, citing short routes and traffic issues.
DOLE Mandates Safety Program Before Construction Starts
The Department of Labor and Employment requires all construction firms to submit a Construction Safety and Health Program online before any work begins, with free processing and mandatory worker orientation.
Cebu Job Fair: 20,000 Local and Overseas Vacancies Available
The Cebu Provincial Government organizes a two-day job fair with 20,000 vacancies, split between local and overseas positions, as part of Governor Baricuatro's employment initiatives.
DA Balances Rice and Onion Prices for Farmers and Consumers
The Department of Agriculture is adjusting policies to ensure fair food prices for consumers while allowing farmers to earn reasonable profits amid recent price spikes in rice and onions.
BIR Seizes PHP460M in Illicit Tobacco in Pampanga
The Bureau of Internal Revenue's enforcement operations in Pampanga have prevented an estimated PHP460.98 million in revenue loss by seizing raw materials, counterfeit stamps, and illicit cigarettes.
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Ube Exports Hit $3.06M in 2025, Driven by Global Demand
The Philippines exported $3.06 million in ube and ube-based products in 2025, driven by rising international demand for authentic Asian flavors and natural ingredients. Key markets include the Middle East, US, UK, and Italy, with processed forms like powd
NIA Forms Al-Ammar Irrigators Association in Basilan
The National Irrigation Administration has established the Al-Ammar Irrigators Association in Lamitan City, Basilan, uniting 30 farmers to enhance irrigation and boost agricultural productivity in the region.
Cebu BRT Set for March Launch, Capitol Station in Limbo
Transportation Secretary Giovanni Lopez announces the Cebu Bus Rapid Transit's Package 1 is 97% complete, with operations starting in March 2026, though a station near the historic Capitol remains unresolved.
Cebu BRT Package 1 Launch Set for March 2026
Transportation Secretary Giovanni Lopez announces the Cebu Bus Rapid Transit Package 1 will begin operations in March 2026, with a route from Cebu South Bus Terminal to Fuente Osmeña Circle, expected to serve up to 34,000 passengers daily.
Cebu Job Fair Offers 20,000 Local and Overseas Jobs
The Cebu Provincial Capitol hosts a two-day job fair on Feb. 21-22, 2026, featuring nearly 20,000 vacancies in local and overseas roles, organized by Peso and CPAC to boost employment.
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Philippines Insurance Penetration Rises to 1.78% in 2025
Insurance penetration in the Philippines increased to 1.78% in 2025, with life insurance leading growth. Premiums and net worth surged, but awareness remains a key challenge for expansion.
Cebu Building Permits Fall 5.9% in December 2025
Cebu's construction sector saw a 5.9% annual decline in approved building permits in December 2025, with total value down 13.4% despite non-residential projects dominating spending.
700kg Milkfish Harvested in Macabebe via BFAR Cage Culture
The Bureau of Fisheries and Aquatic Resources Region 3 harvested 700kg of milkfish through a techno-demo project promoting science-based aquaculture practices in Central Luzon.
Quezon City Supports Nano-Entrepreneurs with BDO Forum
Over 200 nano-entrepreneurs in Quezon City gained financial and business management skills from Chinkee Tan, supported by BDO Foundation and local government initiatives to boost small enterprises.
Cebu Power Interruptions Scheduled for Feb 22-28, 2026
Multiple power interruptions are planned across Cebu from February 22 to 28, 2026, affecting areas in Cebu City, Mandaue, Naga, and more. Outages aim to upgrade infrastructure and ensure safety.
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Clark Airport Opens Free Community Park with Historic Trees
Clark International Airport Corporation announces the upcoming opening of Clark Aviation Capital Picnic Grounds, a free public park featuring recreational amenities, flood mitigation, and preserved century-old acacia trees.
NWPC: Below Minimum Wage Pay Risks Fines, Jail
The National Wages and Productivity Commission emphasizes that private companies must adhere to regional minimum wage rates, with violations punishable by fines up to P100,000 and imprisonment.
Cebu BRT Package 1 March 2026 Launch, 97% Complete
Transportation Secretary Giovanni Lopez announces the first Cebu Bus Rapid Transit package will be operational by March 2026, serving 34,000 daily passengers. The World Bank-backed project is 97% complete, with PPP considered for future phases.
Mindanao Now Exports Power to Luzon, Visayas: Magno
Mindanao Development Authority Chairperson Sec. Leo Tereso Magno announced at the Energy Investment Forum that Mindanao now supplies about 400 megawatts to Luzon and Visayas, marking a shift from energy insecurity to becoming a national power exporter.
Metrobank Hits Record P49.7B Income, Declares Dividends
Metropolitan Bank & Trust Co. achieved a historic net income of P49.7 billion in 2025, driven by robust financial performance. The bank approved cash dividends of P5.00 per share for 2026, with strong growth in loans and deposits.
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Cebu Revives P3-Billion Guadalupe Ramp to Fix SRP Traffic
Cebu City officials and CCLEX managers have restarted talks for the P3-billion Guadalupe Ramp project, aiming to decongest South Road Properties traffic by creating a direct link between V. Rama Avenue and the CCLEX bridge.
Cebu City Revives Talks for Guadalupe Ramp to Ease Traffic
Cebu City and CCLEX have resumed discussions on the long-delayed Guadalupe ramp, a P3 billion project aimed at decongesting South Road Properties traffic by connecting directly to V. Rama Avenue.
Garment Workers' Workweek Cut in Half in Lapu-Lapu City
Over 100 garment workers in Lapu-Lapu City are struggling after their workweek was reduced from six to three days due to low global orders, slashing their income by half until March 2026.
Cebu BRT Operations Continue Amid Heritage Review
Cebu's Bus Rapid Transit will operate while awaiting NHCP clearance for Capitol station design changes, balancing heritage preservation and infrastructure needs.
MEPZ Workers' Wages Halved as Export Orders Decline
More than 100 employees at Mactan Export Processing Zone 1 have seen their workdays cut in half due to a shortage of overseas orders, leading to reduced incomes and reliance on government aid for basic needs.
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Sun Savings Bank Posts Strong 2025 Growth in Assets and Profits
Sun Savings Bank achieved solid growth in 2025, with assets rising 10% to P4.5 billion and net income up 17% to P102 million. The bank expanded its loan portfolio and deposits while strengthening its capital base and advancing digital transformation initi
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