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Business magnate Manuel Villar Jr. plans to raise as much as P3.2 billion from the listing of a power unit in November, marking the second initial public offering (IPO) this year for the country’s richest man. Premiere…
Food conglomerate Monde Nissin Corp. said profits in the first half declined on cost pressures while third quarter sales saw a turbulent start after a European Union (EU) warning last month scared off buyers of its iconic…
MANILA, Philippines — Billionaire Manuel Villar Jr. is preparing to list three more companies, including a provincial power utility and his coffee chain group, over the next 12 months, further cementing his position as the country’s richest…
Taipan Lucio Tan’s Philippine Airlines (PAL) will jettison premium economy and reduce business class seats under a new strategy aimed at increasing its viability. This will allow PAL to squeeze in more economy seating, helping the flag…
Cebu Pacific (CebuPac) paid P7.7 billion to settle nearly 1 million refund requests since the COVID-19 pandemic arrived last year and triggered massive flight cancellations. In a statement on Friday, the budget carrier said the settlement cleared…
Heavy losses continued for the operator of budget airline Cebu Pacific amid the COVID-19 pandemic. Cebu Air Inc. disclosed on Wednesday a net loss of P14.7 billion by the end of September this year—a reversal of the…
Local airlines are requiring passengers to wear face shields during the flight in line with directives issued by the Philippine government amid the COVID-19 pandemic. Cebu Pacific said in a statement face shields must be worn “during…
The benchmark Philippine Stock Exchange index (PSEi) rose on Thursday while equities around the region were mixed ahead of a crucial jobs report in the United States. By the closing bell, the PSEi was up 0.4 percent,…
MANILA, Philippines — The Philippine government’s massive internet deal with social media giant Facebook is pushing through after being entangled in geopolitical tensions between the United States and China. Department of Information and Communications Technology (DICT) undersecretary Eliseo…
MANILA, Philippines — ABS-CBN shut down on Tuesday evening its radio and television operations nationwide in compliance with an order from the National Telecommunications Commission (NTC), which had turned its back on a commitment it made…
MANILA — The Philippine government is beginning the testing of a new contact tracing smartphone app to aid its fight against the new coronavirus disease (COVID-19). National Privacy Commission (NPC) chair Raymund Liboro told the Inquirer Sunday…
The Department of Information and Communications Technology (DICT) wants alternative work arrangements for government employees amid moves to contain the spread of the new coronavirus disease (COVID-19). The DICT is proposing that the Civil Service Commission (CSC)…
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