The Freeman - Cebu Business | Philstar.com

Cebu-grown retail giant Prince Retail Group is set to strengthen its presence across the Philippines, planning to open at least 100 new stores under its Prince Hypermart brand over the next five years.

Finance Secretary Ralph G. Recto has praised the sharp drop in inflation to 2.1% in February 2025, calling it a significant win for low-income families. The reduction in inflation brings relief, particularly in the cost of food.

Security Bank Corporation achieved a 23% increase in net income, reaching P11.2 billion for 2024, driven by strong demand for credit cards and loans in the Philippines. The bank’s total revenues surged 28% year-on-year, hitting a record high of P54.9 billion.

The Cebu Chamber of Commerce and Industry (CCCI) has signed a Memorandum of Understanding (MoU) with Malaysia-based ARAIBA Sdn Bhd, solidifying its role as the Philippine country lead for the ASEAN Circular Economy Business Alliance (ACEBA).

Globe Telecom remains fully committed to enforcing the SIM Registration Act, in compliance with Republic Act No. 11934, said Atty. Froilan Castelo, the company’s General Counsel.