PAL operator trims losses in Q3
THE operator of Philippine Airlines (PAL) trimmed its attributable net loss by 15% to P2.54 billion in the third quarter.
Cebu Air swings to P518M loss in Q3
CEBU AIR, Inc. swung to a P518.4-million net loss in the third quarter from a P42-million profit a year ago, amid the continued rise in fuel prices and weakness of the Philippine peso against the US dollar.
ASEAN leaders to push for ‘early conclusion’ of RCEP talks — DFA
THE Department of Foreign Affairs (DFA) on Friday said the leaders of the Association of Southeast Asian Nations (ASEAN) will push for the “early conclusion” of negotiations on the Regional Comprehensive Economic Partnership (RCEP) during the 33rd ASEAN Summit and Related Summits in Singapore from Nov. 13 to 15.
NEDA ICC-CabCom approves increase in North-South Commuter Railway project cost
THE NATIONAL Economic and Development Authority (NEDA) raised the project cost for the long-haul commuter line of the Philippine National Railways (PNR) by nearly double to buy more trains and build elevated tracks.
IPPCA opposes increase in diesel biofuel component
THE Independent Philippine Petroleum Companies Association (IPPCA) opposed the plan of the Philippine Coconut Authority (PCA) to increase the biofuel component in diesel to B5 from B2.
BoC eases ID rules for balikbayan box tax-free privilege
THE Bureau of Customs (BoC) has eased the ID requirements for availing of the duty and tax-free privilege for balikbayan boxes valued at up to P150,000.
PCA to seek implementation of 5% coconut content in diesel
AGRICULTURE Secretary Emmanuel F. Piñol said that the board of governors of the Philippine Coconut Authority (PCA) will recommend to President Rodrigo R. Duterte to fully implement a law increasing the coconut content of diesel to 5%.
PHL growth seen on track, but global, political risks hover
THE Philippines appears on track to sustain its growth path, although an uncertain global landscape coupled with domestic political risk could dampen prospects, an economist said.
Peso strengthens to five-month high
THE PESO maintained its strength yesterday to log a five-month high, supported by big fund inflows even as Philippine economic growth clocked in slower than expected.
Main index ekes out gain on Q3 GDP growth data
LOCAL SHARES barely moved on Thursday, weighed down by the slower-than-expected economic growth in the third quarter.
SWS: 51% agree with PDEA plan on drug testing for Grade 4 up
HALF of Filipinos or 51% agree to with a proposal by the Philippine Drug Enforcement Agency (PDEA) for the government to conduct mandatory drug testing on grade 4 students and up, according to the latest survey by the Social Weather Stations (SWS).
P2P airport bus service expands to Muntinlupa, Laguna
THE point-to-point (P2P) bus service from the Ninoy Aquino International Airport (NAIA) has been expanded with yesterday’s launch of routes to Alabang, Muntinlupa, and Sta. Rosa, Laguna.