The economic indicator that gauges the way consumers interpret the current economic environment and expectations is called consumer confidence. In the first quarter of 2019, it was reported that consumer confidence has improved according to the quarterly Consumer Expectations Survey (CES) of the Bangko Sentral ng Pilipinas. This was observed across three indicators, namely: family […]
As Metro Manila’s congestion issue continuously follows an upward trend, Metro Cebu is becoming the newest investment destination. Rick Santos, CEO of Santos Knight Frank, once said that the city’s residential, office and retail sectors will maintain its steady growth this year. The firm has also projected that the office sector will continue to increase […]
Being the second largest outsourcing hub in the country and a major source of overseas Filipino workers (OFWs), Cebu remains to be a key retail destination outside Manila. The rising purchasing power of households and employees is enticing retailers to occupy more space. According to Business World, Robinsons Retail Holdings Inc. is relooking its business, […]
The continuous increase in office spaces shows proof of how Cebu’s economy is on a steady rise. Real estate industry experts have reported that there will be a 47% growth in office supply up to the year 2020. Due to the presence of a skilled labor pool, multinational companies are expanding business operations in the […]
