Tag: Cebu

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McDonald’s opens Green & Good store in Cebu

Corporate Context.ph Context.ph -
World famous fast food chain, McDonald’s, marked its 44th year in the Philippines with the opening of a new Green and Good store at Il Corso Cebu recently, reinforcing the food company’s twin push for sustainability and inclusive employment.

Cebu Zone Grows as Marcos Greenlights Expansion

Economy Context.ph Context.ph -
President Ferdinand Marcos Jr. has cleared the expansion of the Aboitiz-backed West Cebu Industrial Park–Special Economic Zone (WCIP-SEZ), approving the addition of seven new land parcels that widen the zone’s footprint in Balamban, Cebu.

SM to open Cebu convention center in 2026

Property Context.ph Context.ph -
SM Hotels and Conventions Corp. (SMHCC), the hospitality arm of SM Prime Holdings Inc., is ramping up its nationwide MICE—meetings, incentives, conventions and events--footprint with the upcoming SMX Convention Center Seaside Cebu, set to open in the fourth quarter of 2026.

Megawide begins P1.1B Carbon Market Block-2 Project

Corporate Context.ph Context.ph -
Megawide Construction Corp. has announced the commencement of its engineering, procurement, and construction (EPC) unit's work on Block-2 of the ongoing Carbon Market redevelopment in Cebu.

Top Line starts IPO, aims to raise P624.6M for expansion

Corporate Context.ph Context.ph -
Top Line Business Development Corp. launched its week-long initial public offering (IPO) on Monday, aiming to sell 22 percent of the Cebu-based company to raise approximately P624.6 million.
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Gov’t pushes to strip systems loss charges from power bills, balancing consumer relief and utility risks 

Energy & Mining 0
Energy policy craftsmen are actively working to fulfill President Ferdinand Marcos Jr.’s directive to eliminate system loss charges from monthly electricity bills, pursuing a sustained policy push aimed at lowering energy costs across the country. The initiative targets both technical losses inherent in power distribution and non-technical losses caused by electricity theft, alongside the value-added tax (VAT) currently applied to these unconsumed kilowatt-hours.

ACEN net income surges 411% to P3.9B in H1 2026

Corporate 0
ACEN Corp. posted a 411 percent jump in consolidated net income to P3.9 billion in the first half of 2026, from P763 million a year earlier, the Ayala Group energy firm said Tuesday.

Special safeguard duty imposed to protect local producers from import surges 

Agriculture 0
To shield domestic livestock producers from market disruption caused by foreign supply spikes, the Department of Agriculture has activated special safeguard duties on select imported meat products. Issued under Department Order No. 24, series of 2026, by Agriculture Secretary Francisco Tiu Laurel Jr., the directive establishes temporary protective tariffs after government monitoring confirmed that incoming import volumes crossed official safety thresholds.

Jollibee first-half net income drops 17% despite strong 2Q rebound

Corporate 0
Jollibee Foods Corp. reported a 17 percent decline in first-semester net income this year, falling to P4.92 billion from P5.91 billion in the same period last year, even as a solid second-quarter performance could not offset earlier pressures.

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