News

Real estate developers have formally urged regulators to address the growing bottlenecks in project launch requirements—specifically, the lengthy process of obtaining license approvals. Otherwise, industry leaders warn, these delays may adversely affect housing supply across key markets nationwide. Background of the IssueDevelopers across the country have grown increasingly concerned over the slow...

Asian stock markets moved higher on Tuesday, following strong gains on Wall Street. Meanwhile, oil prices declined as optimism grew over a potential second round of negotiations between the United States and Iran aimed at easing tensions in the ongoing conflict. To begin with, Japan’s Nikkei 225 surged 2.4% to close at 57,842.72. Similarly, South Korea’s Kospi posted a sharp increase of 3.4%,...

Budget airline Cebu Pacific is reducing its international flight operations as part of efforts to manage fuel consumption, a move that may inconvenience travelers from key provincial hubs. According to the airline, several routes from Cebu, Clark, Davao, Iloilo, and Manila will either be suspended or scaled back to help lower fuel expenses. These adjustments come amid a sharp rise in global fuel...

The Philippines has officially declared a nationwide energy emergency as tensions in the Middle East continue to escalate. As a result, local airlines are now adjusting their operations while reassuring passengers that essential services will remain available. In response to the situation, budget airline Cebu Pacific has announced temporary suspensions and reduced flight frequencies across several...

Big news for Cebu commuters: Riding the much-anticipated Cebu Bus Rapid Transit (CBRT) will be absolutely free for an entire year once its initial operations kick off on March 13, 2026. This exciting announcement marks a major milestone for the city’s public transportation system. The one-year free ride period is designed to encourage public adoption of the modern bus system while allowing commuters...

Cebu is making a strategic shift. Rather than relying solely on promotional campaigns to attract foreign capital, the province is now positioning itself as a credible, long-term partner for Japanese investors—anchored firmly on discipline in governance and business standards. According to Jay Yuvallos, president of the Cebu Chamber of Commerce and Industry (CCCI), the core of this strategy lies in...

Cebu’s rapidly evolving logistics industry is fast becoming one of its most compelling investment magnets. As companies increasingly seek locations that can support faster, more resilient supply chains, the province’s integrated transport and trade ecosystem is capturing serious attention. This is according to LDL Group of Companies, a key player in the local logistics and transport...

In a significant bilateral milestone, the Philippines and Japan have successfully concluded negotiations for an updated Double Taxation Convention (DTC). The formal talks, held from January 27 to 30, 2026, mark a pivotal step in modernizing the fiscal relationship between the two nations. Consequently, this update aims to better support the evolving global business environment. Treaty Overview and Next...

Cebu has solidified its position as the nation’s leading information technology and business process management (IT-BPM) hub outside Metro Manila, demonstrating remarkable resilience despite recent market challenges. However, industry experts are now warning of a tightening office supply as demand continues its upward trend. In response to this constraint, leaders are urging local real estate...

Despite facing significant industry challenges, the Mactan-Cebu International Airport (MCIA) recorded a notable increase in passenger traffic last year. As the nation’s second busiest airport, MCIA welcomed approximately 11.6 million travelers in 2025, according to official data. This figure represents a 3% growth from the 11.3 million passengers served in 2024. Domestic Travel Remains Key Growth...