Philippine Airlines outlines new routes with delivery of 15 aircraft this year
Philippine Airlines President Jaime J. Bautista said in a press conference that the airline is expecting the delivery of four Airbus A350s, six A321neos,...
Jollibee boosts stake in Smashburger to 85%
Homegrown food giant Jollibee Foods Corp. (JFC) has further ramped up its stake in United States-brand Smashburger with an additional investment of $100 million.
In...
Group of PHL conglomerates submits proposal for NAIA rehab
A group of the country’s seven biggest conglomerates submitted on Monday, Feb. 12, their unsolicited proposal to the Department of Transportation (DOTr) to rehabilitate...
Philippines to secure first tranche of loan from Japan for subway line
The Philippines is targeting to secure next month an initial loan line from Japan for the construction of the country’s first subway line, as...
Auto sales grow 4% in January
The Philippine automotive industry recorded in January 2018 a 4% sales growth over the same month last year. Based on the joint report issued...
UnionBank to acquire PETNET, Inc.
UnionBank of the Philippines group is set to acquire the controlling stake of transaction network PETNET, Inc.
In a disclosure to the local bourse on...
Fuel prices to drop tomorrow, Feb. 13
After seven straight weeks of price increases, oil companies this week will be cutting the price of diesel and kerosene by P1.30 per liter...
McLaren, other supercars in custody still under litigation — Customs
Twenty-two brand new luxury vehicles including high-end sports cars known as supercars which were intercepted on separate occasions at the Manila International Container Port (MICP)...
Cemex reports 65% drop in earnings for 2017
Earnings of Cemex Holdings Philippines, Inc. (CHP) was cut by more than half in 2017, as higher cement volumes sold for the period failed...
Trade deficit widens in December
Trade deficit continued to widen in December, bringing the gap to another record high as exports contract for the first time in more than...
Manufacturing declines 9.7% in December
Factory production saw its fourth straight month of contraction last December, data from the Philippine Statistics Authority (PSA) showed.
In its latest Monthly Integrated Survey...
Exports contract in December
Merchandise export sales contracted in December due to declines posted by four out of the top ten commodities for the month, the government reported...