By: Katlene O. Cacho, Sunstar Published: May 11, 2023 Full Article: Real estate stakeholders: Expect property boom in Cebu in 2024 Snippets: STAKEHOLDERS in Cebu’s real estate industry predict a property boom in 2024 as developers race to build new projects to sell to the market. However, while this presents abundant opportunities for real estate-related businesses, it also poses a threat to the industry as the boom could potentially give rise to more “colorum” salespersons targeting the industry’s top buyers—the overseas Filipino workers (OFWs). “In 2024, we will be having the biggest boom ..read more

By: Ehda M. Dagooc - The Freeman Published: April 18, 2023 Full Article: Cebu tourism stakeholders expect more gains in 2023 Snippets: CEBU, Philippines — Tourism players in Cebu expect to see more gains in 2023 as the ‘revenge travel’ phenomenon is showing strong momentum. Dusit Thani Mactan Cebu general manager Michael Kempf expressed confidence in Cebu tourism’s full recovery in 2023. While 2023 could be considered a “buildup year” for most hospitality establishments in Cebu recovering from the COVID-19 and typhoon Odette, actual arrivals and rising bookings confirmed that recovery is ap ..read more

Buying a home is almost always intimidating for first-time buyers, especially for those who plan to invest their hard-earned money to a real estate property. There seem to be so much to process-from reviewing terms and agreements to considering locations, developers, and payment methods. But hard work pays off. One must do proper research, site visits, computations, and do comparisons to know whether he is getting a good deal or not - do you need a big space or not? Can you afford it? Which area is best for your lifestyle? But in recent years, interested buyers are ..read more

Photo courtesy of Condé Nast Travelers By: Morexette Marie B. Erram, CDN Digital Published: October 08, 2020 Full Article: Cebu named as ‘best island in Asia’ Snippets: CEBU CITY, Philippines – The island of Cebu has been named once again as a popular tourist destination in Asia by a prestigious international magazine. Condé Nast Traveler (CNT), the luxury and lifestyle magazine of Condé Nast Publications, revealed on October 7, 2020 (Philippine Standard Time) the winners for the 2020 Readers’ Choice Awards. ‘Cebu and Visayas’ topped the list of the Best Islands in Asia 2020 category. It w ..read more

CCTO: Sunstar Cebu Business File Photo By: Sunstar Cebu Business Published: October 1, 2020 Full Article: Philippine peso to continue strong performance while imports stay low Snippets: THE general story of the global economy in 2020 has been bleak, one characterized by sharp downturns and pessimistic outlooks for the future. However, the Philippine currency appears to be reading from a different book entirely. The Philippine peso has provided a rare tale of success in Asia during the Covid-19 pandemic, with the currency in a unique position to thrive in the otherwise tough circumstances of ..read more

CCTO: Cebu City hosts the majority of office space supply in Metro Cebu mainly because of Cebu IT Park and Cebu Business Park according to consultancy services firm JLL. (CDN File Photo) By: Rosalie O. Abatayo - CDN Digital Published: September 24,2020 - 12:11 PM Full Article: Metro Cebu office space market draws interest from Manila occupiers Snippets: CEBU CITY, Philippines — Interests for office spaces in Metro Cebu have notably increased in the third quarter of 2020, despite the challenges faced by the real property sector amid the pandemic. This development was noted by top professiona ..read more

By: Sunstar Cebu Business Published: September 23, 2020 Full Article: Boracay Island to welcome tourists on Oct. 1 Snippets: BORACAY Island will further open its doors to more local tourists on Oct. 1, thus signaling the continued resurgence of domestic tourism nationwide. This development came as a result of a special meeting convened by the principals of the Boracay Inter-agency Task Force (BIATF) led by its chairperson Environment Secretary Roy Cimatu and co-vice chairpersons, Interior and Local Government Secretary Eduardo Año and Tourism Secretary Bernadette Romulo-Puyat, with the Provi ..read more

By: Phrexus Docena - Cebu Projects, News and Events Sugbo.ph Published: September 25, 2020 Full Article: Project Update: Cebu BRT to partially operate by end 2021 Snippets: The Cebu Bus Rapid Transit (BRT) system, a P16.3 billion project, is set to start its first phase and partial operations by December 2021. The technical working group for the said project only has this month (September) to finalize its study and design. The said project is a component of the planned Integrated Intermodal Transportation System (IITS) in the province of Cebu. Initiated by the Department of Tra ..read more

By: Ben O. de Vera - Reporter / @bendeveraINQ Published: August 27,2020 - 02:28 PM Full Article: PH economy seen slow to recover from pandemic’s impact Snippets: The Philippines may have survived the worst impact of the COVID-19 pandemic but recovery seems slower than how its peers fare as infections remain high, UK-based think tanks said on Wednesday. “The economy is likely past the worst. But things have been slow to bounce back. Manufacturing volumes were still down around 20 percent year-on-year at the end of the [second] quarter. In contrast, manufacturing output returned to growth in Ju ..read more

CCTO: RANKING. The graphic shows the Top 25 Super Cities according to the 2020 Tholons Services Globalization City Index. / FROM THOLONS By: KATLENE O. CACHO - Sunstar Cebu Published: September 4, 2020 Full Article: Cebu City falls to 15th spot in 2020 Tholons ranking Snippets: FROM its 12th ranking in 2019, Cebu City fell to the 15th spot in the 2020 Tholons Services Globalization Index (TSGI). Released in July, this year’s Tholons report placed higher emphasis on digital innovation attributes and assessment of how the various cities and countries have managed and are winning over the glob ..read more