Tycoons Sabin Aboitiz, Ramon Ang bet big on aviation boom

Tyrone Jasper C. Piad - @inquirerdotnet 12/26/2024

Build and they will come. Billionaires Sabin Aboitiz and Ramon Ang aim to make the Philippines more accessible to high-spending tourists, drawn by its stunning beaches and scenic sunsets. The tycoons, with businesses in infrastructure, energy, banking,…

Survey: Filipino firms invest in AI, yet many struggle to harness its power

Tyrone Jasper C. Piad - @inquirerdotnet 11/14/2024

Most Filipino companies are investing in artificial intelligence (AI), but only a few are prepared to fully use its potential, according to a survey by global tech firm Cisco. Cisco revealed on Wednesday that 65% of local…

Singaporean telco eyes majority stake in DITO CME with P17.1-B share acquisition

Tyrone Jasper C. Piad - @inquirerdotnet 11/05/2024

Singaporean firm Summit Telco Corporation Pte. Ltd. has struck a deal to acquire an additional 9 billion shares—currently valued at P17.1 billion—in DITO CME Holdings Corp., the operator of DITO Telecommunity (DITO Tel). Once finalized, Summit will…

DOTr taps Korean firms for New Dumaguete Airport’s design deal

Tyrone Jasper C. Piad - @inquirerdotnet 10/28/2024

The Department of Transportation (DOTr) is advancing the New Dumaguete Development Airport project by selecting three Korean firms to design the new airport, aimed at accommodating more passengers. DOTr has invited Yooshin Engineering Corp., Keun Jeong Architects…

Cheaper plane fares expected in October amid lower fuel surcharge

Tyrone Jasper C. Piad - @inquirerdotnet 09/19/2024

Plane fares are expected to decrease further next month due to the reduction of the fuel surcharge to a year-low level. This change is expected to encourage more travel during the upcoming holiday season. The Civil Aeronautics…

Aviation sector soars as PH carriers see strong recovery amidst challenges

Tyrone Jasper C. Piad - @inquirerdotnet 09/15/2024

The aviation industry is rebounding after the pandemic lockdown, but challenges in the supply chain and reduced air travel demand to and from China are affecting its growth. Philippine Airlines (PAL), Cebu Pacific, and AirAsia Philippines are…

Most Filipino TikTok users start Christmas shopping early, hunt for bargains, study says

Tyrone Jasper C. Piad - @inquirerdotnet 09/12/2024

Nearly 60 percent of Filipino TikTok users have already begun their Christmas online shopping this month, searching for the most affordable products and budget-friendly alternatives during major sales, according to a study commissioned by the social media…

Gcash assures accounts safe, claims no proof of hacking

Tyrone Jasper C. Piad - @inquirerdotnet 07/02/2024

The popular e-wallet Gcash assures on Monday that it has not found any indication of hacking yet and that accounts of Gcash users have remained safe. The Ayala-led company said this as the investigation of the alleged…

Market manipulation: Calata guilty, says Makati court

Tyrone Jasper C. Piad - @inquirerdotnet 06/05/2024

MANILA, Philippines — For providing “misleading and exagerrated” claims over the supposed $1.4 billion Mactan Leisure City project that inflated the firm’s share price in 2016, Calata Corp. chair Joseph Calata and another company official were fined…

Tugade quits as LTO chief; cites differing methods with DOTr

Jean Mangaluz, Tyrone Jasper C. Piad - @inquirerdotnet 05/22/2023

MANILA, Philippines — Land Transportation Office (LTO) chief Jose Arturo Tugade has stepped down from his post. In a Monday statement, he explained that he quit over the LTO and the Department of Transportation’s (DOTr) differences in…

PLDT buying Sky Cable’s broadband business for P6.75B

Tyrone Jasper C. Piad - @inquirerdotnet 03/16/2023

PLDT Inc. is set to buy Sky Cable’s broadband business and other related assets for P6.75 billion, a move seen to bode well for the customers of both companies. In a statement on Thursday, PLDT Inc. announced…

Air traffic system glitch diverts all flights in Manila

Beatrice Pinlac, Tyrone Jasper C. Piad - @inquirerdotnet 01/01/2023

MANILA, Philippines — Local carriers have temporarily suspended flights following the power outage at the Philippine Air Traffic Management Center (ATMC) on the first day of the year, causing worries to passengers bound to go home after…

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