Cebu Business Archive

Title Column\Author Date Published
Growth of RP's e-payment industry depends on debit & prepaid cards

The Philippines' electronic payment industry is drawing its growth strength in the debit and prepaid card system, than the credit card concept.

Visa International country manager Jim Dixon said a larger portion of the electronic payment system usage came from the prepaid and debit card users, rather than that of credit cards.

"In the Philippines, or some of Asia, the number of people or consumers that are credit eligible are very small, thus, it's difficult for the credit card industry to move up," Dixon said in an interview.

By Ehda M. Dago-oc July 11, 2005 - 12:00am
Pearl-2 project grants P1M for software development

The Canadian International Development Agency (CIDA) - Pearl 2 has recently signed a memorandum of agreement with CebuSoft organization for a P1 million grant to strengthen the new organization and develop a strong software development industry in Cebu.

By Ehda M. Dago-oc July 8, 2005 - 12:00am
Visa International launches financial literacy website

In its bid to build a strong foundation for the next generation professionals, Visa International introduced its Internet-based financial education portal in Cebu to promote financial literacy by educating young consumers on managing their money.

The launch of the educational website was attended by students and members of Central and Eastern Visayas Universities as part of the conduct of the 2005 Inter-Collegiate Finance Corporation (ICFC) which is organized by the Junior Financial Executives Institute of the Philippines (JFINEX).

By Ehda M. Dago-oc July 8, 2005 - 12:00am
Civil engineers struggle to take back functions

Fighting to keep its profession on top, the Philippine Institute of Civil Engineers (PICE) is urging all civil engineers to go into specialized skills especially that they are facing challenges against the architects.

By Ehda M. Dago-oc July 6, 2005 - 12:00am
Central Visayas inflation rate up 7.2% in May

Inflation rate in Central Visayas rose to 7.2 percent in May, from 3.8 percent in the same period last year, latest record from the National Statistics Office (NSO-7) showed.

The increase of inflation rate is blamed on the upward movements of the inflation level in almost all of the major commodity groups particularly in services.

Index for this commodity group showed an annual increment of 11.1 percent as prices of transportation and communication service soared up.

Generally in Central Visayas, prices of consumer goods and services inched up in a year's time.

By Ehda M. Dago-oc July 6, 2005 - 12:00am
CCCI holds forum on business conflict mediation

The Cebu Chamber of Commerce and Industry Inc. will be conducting a business forum on "Business Conflict Mediation."

This will be facilitated by Belle Abaya, principal of Conflict Resolution Inc. (CORE, Inc.) and the Philippine Chamber of Commerce and also the consultant of the Supreme Court.

The Forum will be held at CCCI Center, North Reclamation Area, Cebu City on July 7, 2005 from 12:00nN - 3:00 pm.

By Gregg M. Rubio July 6, 2005 - 12:00am
Money from the black coal thing!

How would you describe charcoal? The first thing that would probably enter your mind would be that it is black and it is dirty. Literally it is, but if we dig deeper and realize its importance to those who earn something from it, maybe it is not just black and dirty after all.

"Mayng hapon. Mangutana unta ko kinsa ang tag iya ani nga ulingan?" I asked a girl about a year or two years younger than I am surrounded by charcoal. "Kanang naa sulod sa tindahan,"she answered. I thanked her with a smile and moved towards the man inside the sari-sari store.

By Mary Cecille B. Camus July 6, 2005 - 12:00am
BPO Race: How soon can RP beat India?

According to latest publication of IDEA particularly on Business Process Outsourcing (BPO) India leads this particular industry. Furthermore, the Economist reports that about 85% of the total $40-billion BPO contracts in the world today go to India, which has 250 million English speakers ready to fill in BPO-related jobs. India produces more than a million IT and engineering graduates a year. India is one of the fastest growing leaders in pharmaceuticals, biotech, electrical and mechanical engineering, all of which are related to services rendered by BPO.

CIBI VIEWS By CIBI VIEWS By Ed Limtingco July 6, 2005 - 12:00am
Business sector seeks cut on 70% input tax

While the implementation of the "controversial" expanded value added tax (eVat) is suspended, the business sector expresses its fear of bankruptcy especially the small and medium entrepreneurs (SMEs).

By Ehda M. Dago-oc July 5, 2005 - 12:00am
Government vows to fully enforce eCommerce Act

As the Philippines is heading towards becoming the Global player in Information Communication Technology (ICT), the government vows to fully implement the eCommerce Act as soon as possible, to further invite ICT related investments and at the same time protect the homegrown ICT companies.

"We (government) commit to the full implementation of the eCommerce Act cognizant that many of the industry’s concerns may be addressed by the effective implementation of the R.A. 8792," said Trade secretary Juan B. Santos in his recent visit to Cebu.

By Ehda M. Dago-oc July 5, 2005 - 12:00am