By: Morexette Marie B. Erram - Multimedia Reporter - CDN Digital
Published: May 31,2020 - 11:04 AM
Full Article: Cebu malls to operate under ‘new normal’
Snippet: CEBU CITY, Philippines – On Monday, Cebu, including Cebu City, will already be under general community quarantine (GCQ).
While under GCQ, several business establishments including malls are expected to already resume operations after a two-month break.
But Cebuanos who are eager to go to the malls might have to hit the breaks just yet as the Department of Trade and Industry (DTI) mandated all commercial establishments to implement several health protocols which, indirectly or directly, will affect the way people will do malling under the “new normal.”
By: Jared Ranahan, Forbes.com
Published: May 31, 2020, 03:20am EDT
Full Article: Rising Stars In Travel: These 7 Countries Have Potential To Become Major Tourist Destinations In A Post-Covid World
Snippet: As the global tourism industry struggles in the midst of this unprecedented downturn, many nations around the world are preparing for a boom in international visitors once travel is more feasible - for some countries, this could be their first opportunity to establish themselves as a prominent regional force for tourism. While the following countries have yet to become world-class destinations, the ingredients are all there - pristine natural beauty, historic ruins, and fascinating cultural experiences can be encountered in abundance across all seven of these highly underrated nations.
With roughly 7,500 islands to choose from, this massive archipelago has something to offer for even the most finicky of tourists. The northernmost island, Luzon, is home to Metro Manila, a truly massive metropolis consisting of 16 cities - the national capital of Manila and the country’s most populous settlement, Quezon City, are two popular destinations for a deep immersion into mainstream Filipino culture. Those planning to lounge on the sandy shores should head to Visayas, the country’s central archipelago, where island destinations like Palawan and Boracay offer some of the nation’s finest white sand beaches, as well as countless opportunities to spot some of the endemic plant and animal species of the Philippines.
By: Luz Wendy T. Noble, Reporter - BusinessWorld
Published: May 19, 2020 | 12:03 am
Full Article: Real estate sector to be more ‘active’ once economy recovers
Snippet: THE Philippine real estate sector may become more “active” next year, as the economy is anticipated to bounce back after the pandemic subsides.
“Our view is that the recovery of the property sector in 2021 hinges on the pace of expansion of Philippine and global economies. Given a strong rebound of Philippine growth in 2021, a more active property sector is also expected,” Lyn I. Javier, BSP managing director for policy and specialized supervision, said in an e-mailed response to BusinessWorld earlier this month.
Ms. Javier cited historical data from property consultancy firm Colliers International Philippines that showed demand for segments, particularly office and residential, usually wane in the wake of an economic crisis.