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Business

Panay News, the biggest daily newspaper in Western Visayas brings you latest updates on local business, finance, economy, stock market, and business policies.

Ripe for new investments, the Jamora brothers, founders of the Marymart Shopping Center, approached Mr. Henry Sy Sr., owner of the Shoe Mart chain of stores in Manila, and invited him to invest in Iloilo. Curious about the invitation, Mr. Sy discreetly made his way to Iloilo and started to look for the best location for his business. After a thorough inspection, Mr. Sy was convinced that Delgado St., across Marymart Shopping Center, was the best place to establish SM.

A Fire started it all

By Dr. Vic Salas The biggest fire in Iloilo city’s history erupted on February 7, 1966.  I was in my third grade at San Agustin...
The Department of Trade and Industry is now evaluating the request of several manufacturers of canned goods and bread products for a price increase. DTI PHOTO

Manufacturers seek P3 price hike for canned sardines

MANUFACTURERS of canned sardines are seeking a P3 price adjustment on their products due to the increase in diesel prices, weakening of the peso,...
Bangko Sentral ng Pilipinas Deputy Governor Chuchi Fonacier says the review on the 2% interest cap on credit cards is set to be elevated for consideration and decision by the Monetary Board. MONEYWISE PHOTO

BSP to decide on 2% credit card rate cap before end of Oct.

A DECISION on the review of the 2% ceiling on credit card interest is targeted before the month ends, a top official of the...
Budget Secretary Amenah Pangandaman says the shift to e-governance is vital in realizing the government’s bid to give Filipinos a comfortable life. VOLTAIRE F. DOMINGO/SENATE PRIB HANDOUT

DBM: Digitalization to make gov’t efficient, economy prosperous

DIGITALIZING the services of state departments and offices will help the Marcos administration achieve its agenda for bureaucratic efficiency and economic prosperity, Budget Secretary...

Keeping Customers Happy

THE holy grail for customer care centers and customer experience experts is “customer satisfaction”. Customer satisfaction is the yardstick that determines how happy customers are...
SM scholars and Magna Cum Laude graduates Venus Nicole Jucal (left) and Donnabelle Libeta (right)

Lessons in Resilience: SM scholar graduates share life lessons amidst the pandemic

While the world is yet to see the long-term effects of the pandemic, ​it is shaping into an era of hope and resilience, with...
Cebu Pacific says the adjusted fuel surcharges will encourage more people to travel. PNA FILE PHOTO

Air fares to go down in Nov. as CAB lowers fuel surcharge

TRAVELERS planning to take trips in November can expect air ticket prices to go down after the Civil Aeronautics Board (CAB) ordered airlines to...
Photo courtesy of Outsource Accelerator: News

PH wooing Korean investors

THE Philippines is wooing more South Korean investors to come to the country. Philippine Economic Zone Authority (PEZA) officer-in-charge and Deputy Director General for Finance...
Foreign nationals arrive at the Ninoy Aquino International Airport in Pasay City on Feb. 10, 2022, the first day the country reopened its borders to fully vaccinated international travelers. JONATHAN CELLONA, ABS-CBN NEWS/FILE PHOTO

PH mulls lifting ‘stringent’ protocols by year-end

THE Philippine government is considering lifting "stringent restrictions" by end of 2022 in a bid to attract more travelers to the country, Tourism Secretary...
The Department of Trade and Industry reveals that manufacturers of sardines, canned meat, coffee, and evaporated milk will seek to increase prices from P0.50 to P5. PNA FILE PHOTO

Canned goods manufacturers to seek price hike

SEVERAL manufacturers of canned goods will seek a price hike on their products following the increase in prices of ingredients and raw materials used...