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Traditional retail ponders its future as e-commerce takes hold

Reporter PREI T. VALENCIA was a twice-a-month online shopper before the quarantine. These days she places online orders weekly for clothes or electronic device accessories. She even bought furniture online once. “Now that everything’s online, it’s a lot easier to shop. Even SM and Robinsons malls are on Lazada or Shopee, or have their own e-commerce sites,” she said over Facebook Messenger on Nov. 18. “I really don’t mind paying for shipping or delivery fees because I’d rather spend extra than risk exposure outside.” Before COVID-19, malls would typically be packed as the weather turned cold, but the pandemic has chased foot traffic away, calling into question retailers’ ability to survive without revenue from the year’s busiest shopping season.

Visayan Electric explores ways to cut power rates

SunStar + December 17, 2020 VISAYAN Electric is exploring ways to reduce the power rate in Metro Cebu following its recent dialogue with the business community. Visayan Electric president and chief operating officer Raul Lucero on Thursday, Dec. 17, 2020, said the utility firm is coming up with a plan on how to cut the power rates vis-a-vis the firm’s existing contracts with independent power producers (IPP). “We still have to calculate how much we can negotiate with the IPPs. We are still starting to talk to them,” said Lucero, adding that they hope to see progress in the first quarter of 2021. But he stressed that Visayan Electric cannot just modify the contracts they have entered into with the IPPs.

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