More OFWs becoming financially literate

THE Social Security System (SSS) said that more Overseas Filipino Workers (OFWs) are becoming financially literate and secured as many of them are starting to invest for their future.

This, after the agency noted that the annual incentive benefits (AIB), disbursed to qualified OFWs in 2016, rose by 18.1 percent to P15.5 million from the P13.15 million provided in 2015.MORE

China Eastern connects Cebu to Shanghai, Canton

CEBU can expect more Chinese nationals and vice versa as China Eastern Airlines announced yesterday two new routes connecting Cebu to Shanghai and Canton. The Cebu-Canton route will commence this June 28, and the Shanghai-Cebu route will begin in Oct. ...

Japan opens Ninja academy to woo tourism

JAPAN. Members of Iga ninja group Ashura demonstrate a ninja-inspired martial-art during a press conference by the Japan Ninja Council at Foreign Correspondents’ Club of Japan in Tokyo, Wednesday, Feb. 22, 2017. (AP)

TOKYO — Japan is turning to those hooded samurai-era acrobatic spies known as ninja to woo tourism.

The Japan Ninja Council, a government-backed organization of scholars, tourism groups and businesses, said Wednesday that it’s starting a Ninja Academy to train people in the art of ninja, and building a new museum in Tokyo devoted to ninja, set to open in 2018.MORE

Philippines, Israel to expand exchange program on agri sector

THE Philippines will be sending over 500 college students annually to Israel in order to learn from Tel Aviv’s expertise and advanced technologies in agriculture, the Department of Finance (DOF) said Wednesday.

The deployment of 550 college students chosen from 29 agricultural schools outside Metro Manila is part of the proposal to expand the current exchange program of the two countries in the agriculture sector.MORE

BOC, PDEA tie up with Fujian anti-narcotics agency vs drug smuggling

TWO Philippine agencies have tied up with China’s Fujian Provincial Drug Law Enforcement Agency to stop drug smuggling into the country, the Bureau of Customs (BOC) said Wednesday.

Officials of the BOC and the Philippine Drug Enforcement Agency (PDEA) met with the representatives of the Fujian Provincial Drug Law Enforcement Agency on Tuesday.MORE

Bo’s Coffee to cap 1st quarter with 100 branches

Brew of choice. A barista shows guests where Bo’s Coffee beans are sourced. (SunStar Foto/Allan Cuizon)

HOMEGROWN coffee chain Bo’s Coffee has unveiled plans to open nine more outlets to close the first quarter of this year with 100 branches across the country.

The coffee chain founded by Cebuano Steve Benitez soft-opened its 91st branch in the Philippines and 31st outlet in Cebu at Island Central Mall in Lapu-Lapu City yesterday.MORE

500 families get bags of blessing

Gift-giving. A resident receives a bag of goods from Metrobank Foundation’s Bags of Blessing during the distribution held in Mambaling Sports Complex in Cebu City. (Contributed Foto)

AT least 500 Listahanan identified-poor families in Cebu City received the Metrobank Foundation’s Bags of Blessing during the Chinese New Year celebration last month.

The Bags of Blessing project is a nationwide gift-giving program of the foundation where 10,000 bags filled with grocery items worth P1,000 was distributed to 10,000 poorest families listed in the Department of Social Welfare and Development’s (DSWD) Listahanan but are not beneficiaries of the Pantawid Pamilyang Pilipino Program.MORE

Communist Party of China donates $400,000 to build school

DAVAO. Students of Bolton Elementary School wave both the Philippine and Chinese flag as they welcome the Chinese dignitaries Tuesday, Feb. 21, headed by H.E Song Tao Minister of the International Department of Communist Party of China, at Bolton Elementary School gymnasium. The dignitaries donated $400,000 to the school to construct facilities and another $200,000 to build water facilities in rural areas in Davao City. (Macky Lim)

THE Communist Party of China (CPC), through the China Foundation of Development, donated USD400,000 for the construction of Bolton Elementary School, Davao City.

International Department Minister of CPC, Song Tao during his speech before the 18th City Council Tuesday, February 21, said they came to the Philippines in behalf of the CPC of China to foster friendship and partnership in Davao and in Philippines.MORE

FinanceAsia picks BSP Gov. Tetangco

BSP Governor Amando M. Tetangco Jr. was conferred the 2016 Outstanding Achievement Award by FinanceAsia, a Hong Kong-based publication that covers investment banking, capital markets, and strategic corporate finance in Asia Pacific.

FinanceAsia annually recognizes the region’s most significant transactions, the financial institutions that advised on them ,as well as outstanding individuals in the field of finance.MORE

PAL linking more domestic destinations

CEBU. At the PAL press conference in Cebu – Harry Inoferio, SAVP for Sales Philippines; Eric Tan, Special Asst. to the SVP-Commercial Group; and Reyani Romano, Area Head-Visayas Sales. (Jinggoy I. Salvador)

THE flag carrier is feeding our wanderlust and giving us more reasons to pack our bags and hop on the next plane to our bucket listed destinations.

In 2016, Philippine Airlines launched four new international flights (Kuwait, Jeddah, Doha, Saipan), opened new routes (Cebu-Singapore, Cebu-Los Angeles, Manila-Taipei-Osaka, Cebu-Caticlan-Calrk) and increased flight frequencies (Manila-Los Angeles—twice daily; Manila-Toronto—three to four times weekly; Manila-Beijing—four to six times weekly; and Manila-Vancouver—seven to ten times weekly).MORE

Danes looking to invest in CEBU

Offering solutions. Danish ambassador to the Philippines Jan Top Christensen speaks to Cebuano business leaders. (SunStar Photo/Amper Campaña)

MARKED by strong economic activities in the recent years, Cebu is starting to get attention from the people of Denmark.

This is according to Denmark Ambassador Jan Top Christensen, who spoke to local business leaders Wednesday.MORE

Mactan in need of more hotel rooms

THE continuing boom in Philippine tourism finds Mactan Island in need of new hotel rooms or it will lose guests to other local destinations, a hotelier warned.

“With the overexcitement about the Philippines now, the five to six major hotels in Mactan is not enough to welcome the whole world,” said Harold Rainfroy, general manager of Mövenpick Hotel Mactan Island Cebu, at the sidelines of the launching of Vanille Salèe menu last Wednesday, which will be offered from Feb. 21 to Mar. 21.MORE

Expo set to showcase Indonesian products

DAVAO. Indonesian Consul General Secretary Berlian Napitupulu said they are set to hold the 1st Indonesia Food and Beverage Expo and the Indonesian Culinary Festival on March 17 to 19 to promote Indonesian products in Davao City. (Macky Lim)

THE Consulate General of Indonesia will hold the first Indonesia Food and Beverage Expo and the Indonesian Culinary Festival on March 17 to 19 to promote more Indonesian products in preparation for the Davao-General Santos-Bitung Roro route to be launched on April 28.

During the weekly forum at Habi at Kape at Abreeza Ayala Malls Thursday, February 16, Indonesian Consul General Secretary Berlian Napitupulu said they will conduct the first Indonesian Food and Beverage Expo at the House of Indonesia, Juna Subdivision on March 17 to 19 from 9 a.m. to 6 p.m.MORE

How can SMEs be made world-class?

SMALL and medium enterprises (SMEs) contribute significantly to the country’s economic growth, about one-third of the gross domestic product (GDP) and two-thirds of the total labor force.

Though SMEs have been a dynamic force in the economy, they continue to face problems like access to capital, raw materials, skilled workers, and technology. Government has been looking for ways to improve business like fast trading, efficient transport, and available financing.MORE