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Despite the financial issues PH Resort Group experiences, the company plans to continue building of its new IR in Cebu and keep negotiating with investors.
Davao-based billionaire Dennis Uy has suffered another year of losses in his logistics and mobile ventures, although the shipping segment cut its deficit unlike the telco provider that worsened its bleeding.
In the metro suburbs where expansion of telecommunication services among competitors remains keen, a reduction in manpower had been apparent leading to an estimated lay off of approximately two-thirds of hired staff, many on contractual project terms.