Tag: Arjay L. Balinbin

THREE government agencies signed Friday the implementing rules and regulations (IRR) for the Innovative Startup Act or Republic Act 11337, which provides tax breaks and removes registration barriers for startup companies.

HAMBURG, Germany — Airbus SE said Philippine demand for air travel is expected to grow 7% a year, expanding the market for larger single-aisle aircraft like its A321, with the size of the operating fleet needed to serve such demand tripling to about 600 planes by 2038.

UNITED Airlines, Inc. filed its opposition to plans by Air Philippines Corp. (APC), also known as PAL Express, to codeshare with parent company Philippine Airlines, Inc. (PAL) on services between Manila and Guam.

HAMBURG, Germany — Philippines AirAsia, Inc. is looking to acquire an Airbus A321neo, an aircraft designed to reduce fuel consumption by 20% and accommodate more passengers.

THE government, through the Tourism Infrastructure and Enterprise Zone Authority (TIEZA), is seeking private sector partners to develop and manage the Club Intramuros Golf Course in Manila and a dive resort in Panglao, Bohol.

PLDT, Inc. is hopeful Voyager Innovations, Inc. will turn a profit by 2024, as its digital payments firm Paymaya Philippines, Inc. continues to grow its business.

MANILA MAYOR Francisco Moreno Domagoso said he is currently in talks with the private sector on his plans to put up modern phone booths offering free calls and WiFi access, particularly in the University Belt (U-Belt) area.

RUSSIAN schools are looking for Filipino language programs for its citizens, Honorary Consul Armi Lopez-Garcia of the Russian Federation said.

LOSSES of PAL Holdings, Inc. (PAL) ballooned in the third quarter, due to a decline in passenger and cargo revenues.

A BILL that would insulate flagship infrastructure projects from temporary restraining orders (TROs) issued by most courts has raised questions about the emergency powers that will trigger the proposed TRO exemption, legal experts and opposition politicians said.

E-COMMERCE retailer Lazada Philippines said 1,141 of its sellers reported sales of at least P1 million on Nov. 11, the so-called “Singles’ Day” shopping holiday originating in China.

ATTACKS on smart devices in the Philippines ballooned 192.24% in the first half, Kaspersky said.

SINGAPORE-BASED logistics tech solution provider Anchanto Pte. Ltd. said its clients in the Philippines have surged by 150% since 2018 as more companies turned to digital solutions to increase their profits.

PHILIPPINE workplaces are becoming more meritocratic with gender biases receding, People Management Association of the Philippines (PMAP) Executive Director Rene M. Gener said at the “Women Today” forum in Pasay City Tuesday.

LUCIO K. Tan, Jr., the newly appointed president of PAL Holdings, Inc., the listed operator of Philippine Airlines, passed away on Monday at the age of 53.

THE construction of the Skyway extension at South Luzon Expressway (SLEx) is expected to be finished by September or October next year, two to three months ahead of the initial target completion date.

THE prices of 134 products that many Filipinos consume during the Christmas holidays have remained stable, the Trade department said on Friday.

THE Public-Private Partnership (PPP) Center on Friday said the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) Board has identified two assets in Bohol and Manila which will be developed and managed by the private sector.

THE Philippine telecommunications sector is expected to spend more than it can generate internally over the next 18 months, with telcos turning more to debt to fund their future capital expenditures, Fitch Ratings said.

GLOBE Telecom, Inc. reported a 17% rise in profits in the third quarter, driven by strong growth in all its data-related products and services.

PLDT, Inc. saw its attributable profit drop by 16% in the third quarter, as higher revenues from its wireless business were weighed down by lower earnings from its fixed-line and other businesses.

GLOBAL logistics giant FedEx Corp. on Wednesday denied reports it is moving its Asia Pacific hub to the Philippines from China.

THE maritime industry said the government is failing to protect seafarers from “ambulance-chasing” lawyers pursuing claims against shipping companies, who tend to keep the bulk of any settlements won.

PLDT GLOBAL Corp. (PGC) has partnered with remittance firm I-Remit, Inc. to offer its mobile phone app payment service to Filipino expatriates in Hong Kong, Singapore, Australia, Canada, United Kingdom, and Italy, among others.

MACROASIA Corp. will be buying 30% of Tokyo-based NKS Holding Co. Ltd.’s shares in Japan Airport Service Co. Ltd. (JASCO), the ground handling unit of Japan’s Konoike Transport Co. Ltd. at Narita Airport.

CEBU AIR, Inc., the listed operator of the Philippines’ largest budget carrier Cebu Pacific, has signed a purchase deal with plane manufacturer Airbus SAS for 16 passenger aircraft worth a total of $4.8 billion.

LBC EXPRESS Holdings, Inc. said on Monday that it bought shares in Japanese shipping company Mermaid Co. Ltd. for $200,000 or P10.1 million.

THE CIVIL Aeronautics Board (CAB) is set to release this month the approved guidelines on penalizing airlines with more than 50% of their flights cancelled or delayed.

INTERNATIONAL Workplace Group (IWG) expects occupancy in its flexible workspace facilities in the Philippines to hit 90% occupancy by end-2019.

LOCAL PAY TV provider Cignal TV is planning to offer more digital services to keep its young viewers and protect its market share, its top official said.

NEW telecommunications company DITO Telecommunity Corp. is targeting to corner nearly a third of the market in two to three years, as its officials pointed to recent deals aimed at a speedy delivery of its commitment.

A TECHNICAL proposal to build a five-kilometer spur road from Cavite Expressway (CAVITEx) to Sangley, Cavite has been submitted to the Toll Regulatory Board (TRB), the project’s proponent said.

HUMAN RESOURCE firm Q2 HR Solutions said it sees opportunities in the healthcare industry in Japan, the UK, Sweden and Canada due to aging populations there.

THE Department of Transportation (DoTr) said Thursday that it will expand the trial period for the Metro Rail Transit Line 3 (MRT-3) trains supplied by CRRC Dalian Ltd., to Nov. 30.

MOTORISTS can now use the first 10 kilometers of the Laguna segment of the Cavite-Laguna Expressway (CALAX) from the Mamplasan Toll Barrier to the Santa Rosa-Tagaytay Interchange, the Department of Public Works and Highways (DPWH) said on Wednesday.

THE government’s plan to regulate the fees charged by international shipping lines that operate in the Philippines will likely disrupt the trade and negatively affect the country’s competitiveness, according to a study conducted by a University of the Philippines professor.

THE LAND Transportation Franchising and Regulatory Board (LTFRB) on Wednesday said it will issue show cause orders against three bus companies for not having security cameras in some of their units.

TWO CHINESE companies are pouring $332 million into the Makati City Subway System project, according to Philippine Infradev Holdings, Inc.

PAL Holdings, Inc. named Lucio K. Tan, Jr. as its new president, after the resignation of Gilbert Gabriel F. Santa Maria just three months after his appointment.

CAVITE GOVERNOR Juanito Victor C. Remulla on Tuesday said five Philippine companies and one Chinese firm have expressed interest in expanding Sangley Airport, upgrading it to international gateway status.

TV5 Network, Inc. will be adding more entertainment programs “next year” to attract more viewers, TV5 and CignalTV President and Chief Executive Officer Jane J. Basas said on Monday.

LOW-COST carriers Cebu Pacific and Philippines AirAsia, Inc. started operating new domestic flights.

SOUTH KOREAN flag carrier Korean Air on Sunday began offering direct flights from Clark, Pampanga to Incheon, South Korea, the Department of Transportation (DoTr) said.

NLEX Corp. said the construction of the first section of the North Luzon Expressway-South Luzon Expressway (NLEx-SLEx) connector road will begin by the second week of November.

CEBU PACIFIC, Cebgo, Philippine Airlines, PAL Express and Air Asia Philippines had a running average on-time performance (OTP) of 83% in September on flights to and from Metro Manila’s main gateway, the highest in 2019, according to the Air Carriers Association of the Philippines (ACAP) and the Department of Transportation (DoTr).