Tourism and trade are expected to flourish between Cebu and Baguio City as a local airline company mounts a new route connecting these two tourism destinations beginning December 16, 2022.

The Manila Electric Company (Meralco) executed a 20-year Power Supply Agreement (PSA) with Terra Solar Philippines for the supply of 850 megawatts (MW) from renewable energy to cover the power distributors mid-merit requirement starting 2026. The PSA provides that the power supply will be available by 2026 and 2027, Meralco said in a statement.

The Philippine Economic Zone Authority (PEZA) benchmarked the Philippines as an investment haven in Asia in the recently concluded Philippine-Korean Investment Forum. In a statement, PEZA said the forum is part of the five-day outbound investment mission in South Korea in partnership with Aboitiz InfraCapital Inc., the Department of Trade and Industry (DTI) and Board of Investments (BOI)....

Integratednetwork company PLDT Inc. (PLDT) reinforced their fiber connectivity in Palawan by adding more than 500 kilometers of submarine fiber cable.

Because memorial lots have a high appreciation rate, Celestial Meadows Developers Corp. (CMDC) wants to take its company outside Cebu. In addition, Filipinos are becoming increasingly accepting of and interested in investing in memorial lots.

PLDT Inc. announced that they had started the initial phase of the cable construction of the 75 million Asia Direct Cable (ADC) that began in Batangas months after the launch of their Jupiter cable system.

Bank of the Philippine Islands generated net income of P30.5 billion for the first nine months of 2022 on higher revenues and lower provisions. In a statement, the Ayala-led bank said its return on equity stood at 13.73% and return on assets at 1.66%. #In60words

Listed township developer Megaworld Corp. said Wednesday it had launched its third residential condominium development inside the 12.3-hectare Arcovia City along C-5 Road in Pasig City. Standing 50-storeys high, Arcovia Parkplace is the tallest residential tower in Arcovia City to date, Megaworld said in a statement. #In60words

April Marie Dayap, director of the Davao City Investment Promotion Center (DCIPC), said her organization had intensified its marketing efforts to position the city as a suitable center for agribusiness investment.

PLDT Inc., on Tuesday welcomed DITO Telecommunity Corporations (DITO) declaration to amicably settle its alleged unpaid contractual obligation due to them amounting to P430 Million.

GLOBE Telecoms on Tuesday said that Mindanaoans could expect better signal and faster internet connections as it has installed 252 5G-ready cell sites in the region. #In60words

The central bank recorded a 4.4% increase in the money sent home by Overseas Filipinos in August 2022. From US2.89 billion posted in the same month last year, remittances sent last August reached US3.02 billion. #In60words

In the first half of 2022, residential condominium takeup in Cebu increased 67 percent, signaling a buoyant post-pandemic market.

The Bangko Sentral ng Pilipinas reported that it approved fewer foreign borrowings of the government in the third quarter. For the period July to September 2022, the Monetary Board (MB) approved one public sector foreign borrowing of 178.10 million. #In60words

toktok, the first Filipino-made superapp, celebrated another milestone with 2 million app downloads. toktok, like many game-changing innovations, started from necessity. Due to the increased need for delivery services, founders, young and innovative business magnates Jonathan So and Carlito Macadangdang established and developed toktok. #In60words