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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,…
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 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…
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…
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…
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…
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…
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…
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…
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 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…
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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