Fri, 24 February 2012 00:00:00
For years, most investors would prefer to build their business in Manila and other parts of Luzon only, which is because the cities in this area are more urbanized compared to other provinces in the Philippines. Other than that, the cities in Luzon are more populated than the cities in Visayas and Mindanao. It is a fact that cities like Cebu, Davao and Tacloban are a bit behind from the business trend that has been in play for years in Manila and other cities in Luzon. However, that was the situation a few years back. At present these cities are now catching up with the major cities in Luzon.
Focusing on Cebu, we can no longer deny the fact that it is now the closest rival to Manila. Currently, its economy is growing in a fast pace despite the economic crisis. It is the second most popular city in the Philippines second to Manila. Cebu has a lot to offer and should not be taken for granted. As the years went on, Cebu has continued to progress and basing on the rate it's progressing, ..
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Mon, 06 February 2012 17:01:11
RESCUERS are fanning out across the central Philippines after a powerful earthquake triggered landslides, toppled homes and killed dozens of people.
The 6.8-magnitude quake hit a narrow strait between the heavily populated island provinces of Negros and Cebu around lunchtime on Monday (local time) with more than 200 aftershocks, some nearly as strong, causing further panic throughout the day.
A total of 43 people were reported killed, but government officials warned the death toll may rise, with dozens of people said to be injured or missing and roads to mountainous areas impassable because of the landslides.
Telephone communications were also cut off, leaving information from remote regions unobtainable.
The worst-hit area appeared to be Guihulngan, a coastal city of 100,000 people in Negros, close to the quake epicentre, where military authorities said 39 people had been confirmed killed.
Police said most of the victims had died as landslides buried homes, while othe..
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Sun, 29 January 2012 00:00:00
ALTHOUGH Cebu is already blessed with inherent advantages, it needs to develop the venture capital (VC) market to be recognized as a mature IT-BPO destination, an industry stakeholder said.
Jerry Rapes, chairman of the Cebu Chamber of Commerce and Industry BPO-IT committee, said pushing for VC in Cebu would also help the industry gain a further advantage, as it faces the specter of American companies being given incentives to back off from outsourcing.
“What is missing in Cebu right now, amid its dynamic environment for BPO and ICT, is the serious development of a VC community,” Rapes said.
Venture capital is typically provided to early-stage, high-potential, high-risk start-up companies.
Rapes stressed Cebu needs capitalists to start investing in technology.
“For VCs to come to Cebu, they should look at the technology landscape of the city and maximize the entrepreneurial spirit of Cebuanos,” he said.
Although he admitted developing a VC community..
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Thu, 15 December 2011 00:00:00
THE lack of entertainment facilities in Cebu has led a businessman to “invest substantially” in an amusement park, which will be open for the holidays.
James Abilla, chief executive officer of St. James Amusement Masters Inc., announced that his company will open the St. James Amusement Park on the FF Cruz property in the Mandaue City reclamation area the weekend before Christmas.
Abilla, who is also behind the St. James premium drinking water, said the one-hectare park will feature five major rides, a marquee show, game booths, a kids’ play area, bazaar and food stalls.
Unlike the neighborhood peryahan that comes to barangays during fiesta celebrations, Abilla assured people that safety and quality are top priority for them and that the foundations of their rides passed international safety standards for amusement parks.
He said European engineers flew in to install the foundations of the rides. He added that while the amusement park is a temporary op..
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Fri, 02 December 2011 00:00:00
Regular readers know that ever since 2009, well before the confidence destroying flash crash of May 2010, Zero Hedge had been advocating that regular retail investors shun the equity market in its entirety as it is anything but “fair and efficient” in which frontrunning for a select few is legal, in which insider trading is permitted for politicians and is masked as “expert networks” for others, in which the government itself leaks information to a hand-picked elite of the wealthiest investors, in which investment banks send out their “huddle” top picks to “whale” accounts, in which hedge funds form ”clubs” and collude in moving the market in one direction or another, in which millisecond algorithms make instantaneous decisions which regular investors can never hope to beat, in which daily record volatility triggers sell limits virtually assuring daytrading losses, and where th..
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