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Tag: Denise A. Valdez

LTFRB issues rules on EDSA ban for provincial buses

THE Land Transportation Franchising and Regulatory Board (LTFRB) has issued guidelines on the ban of provincial buses from the main highway of Epifanio Delos Santos Avenue (EDSA).

Ride-sharing restrictions lifted on small cars

REGULATORS will clear hatchback and subcompact cars to operate legally as part of the ride-sharing fleet.

DPWH pushing to open entire length of C5 link by end-2021

THE Department of Public Works and Highways (DPWH) said it wants to expedite the opening of the entire length of the 7.7-kilometer C5 Link project, in order to connect Taguig to the Manila-Cavite Expressway (CAVITEx) by the end of 2021.

ICTSI inks P10-B deal for Brazil’s Libra Rio

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) has completed a P10-billion deal to acquire a Brazil-based firm, which holds the concession to operate a container terminal in the Port of Rio de Janeiro.

PHL customer orders Airbus ACH160 helicopter

EUROPEAN aircraft manufacturer Airbus said it has recently secured the first order for an ACH160 private helicopter from the Philippines.

Charter flights to Boracay gateway airports allowed again

THE GOVERNMENT is again allowing airlines to offer charter flights to Boracay gateway airports Kalibo and Caticlan after lifting the suspension on new flights that it issued last month, subject to limits on aircraft size.

Two road projects could be awarded this year

THE Department of Public Works and Highways (DPWH) hopes to award before the end of the year to private proponents two unsolicited highway proposals after they hurdle Swiss challenges.

E-commerce is driving change in logistics, making warehouses smarter

ONE OF THE MOST celebrated advantages of the growing e-commerce industry is how it allows shoppers to feed their itch for browsing and purchasing products at any time of the day. The rising penetration of smart phones and the growing number of Filipinos with access to the Internet make it easier to morph a mall into the tiny screens of digital devices.

Sectors bare expectations for administration’s 2nd half

PRESIDENT Rodrigo R. Duterte had done relatively well in the first half of his term in pushing fiscal and other economic reforms as well as in stepping up infrastructure spending, but much still needs to be done in liberalizing the economy and overhauling an outdated tax structure, industry groups said in separate interviews last week.

Aboitiz InfraCapital submits revised plan for Bohol airport

ABOITIZ InfraCapital, Inc. submitted to the Department of Transportation (DoTr) last week the revised concession terms for its proposal to operate and maintain the Bohol-Panglao International Airport.

MacroAsia eyes IPO for water business within three years

TYCOON Lucio C. Tan’s MacroAsia Corp. is planning to hold an initial public offering (IPO) for its water businesses within the next three years.

DPWH to open portion of CAVITEx C5 Link this week

THE Department of Public Works and Highways (DPWH) is scheduled to open on Tuesday a portion of the Manila-Cavite Expressway (CAVITEx) C5 Link project.

PAL in search of new president

THE management and board of directors of Philippine Airlines (PAL) is scheduled to meet by the end of the month to discuss the search for a new president.

ICTSI unit to take over container terminal in Rio de Janeiro

A WHOLLY OWNED subsidiary of International Container Terminal Services, Inc. (ICTSI) is poised to take over the operations and management of Terminal de Conteineres 1 (T1Rio) in Rio de Janeiro, Brazil.

PLDT delays 5G service launch to next year

PLDT, Inc. and its wireless unit Smart Communications, Inc. are unlikely to launch fifth generation (5G) network services by yearend, as the telco giant is still searching for a technology partner.

PayMaya allows top-ups via BPI

PAYMAYA Philippines, Inc. is now allowing users of its mobile wallet to top up money using the mobile banking facility of the Bank of the Philippine Islands (BPI).

Philippine Airlines to maintain London, US flights

PHILIPPINE Airlines (PAL) is committed to maintaining its Manila-London flights, and expanding its services to United States, despite a recommendation from an aviation think tank to abandon its long-haul routes.

Cavitex operator seeks additional fee

THE OPERATOR of the Manila-Cavite Expressway (Cavitex) is seeking to impose an additional toll for a portion of the 7.7-kilometer C5 South Link Expressway, which will open next week.

Transport agency wants hatchbacks in ride-sharing

THE Department of Transportation (DoTr) wants to allow hatchbacks in ride-sharing services.

DoTr, Japan firms ink P12-B contract for train cars

THE Department of Transportation (DoTr) signed Tuesday a P12.1-billion contract with a Japanese joint venture to provide 104 train cars for the Japan-funded Malolos-Tutuban segment of the North-South Commuter Railway (NSCR) project.

PhilRatings keeps top credit rating for Cyberzone Properties’ bonds

LOCAL DEBT watcher Philippine Rating Services Corp. (PhilRatings) maintained the PRS Aaa rating for Cyberzone Properties, Inc.’s (CPI) outstanding P6-billion bond issue, which is set to mature in January 2023.

STI Holdings posts 43% drop in earnings

STI Education Systems Holdings, Inc. (STI Holdings) reported its net income attributable to the parent went down 43% in its fiscal year ending March 2019 as revenues slipped alongside an increase in expenses.

Mindanao Railway project specs altered to hurry implementation

THE Department of Transportation (DoTr) said costs were adjusted upward for the Mindanao Railway Project Phase 1 due to the need to traverse rolling terrain, while the rail line was downgraded to single track and non-electric to speed up implementation.

DICT sees no more need for common tower circular

THE DEPARTMENT of Information and Communications Technology (DICT) will likely no longer spell out in black and white the policy on its common tower initiative, almost a year since it released a draft memorandum circular on the matter.

PLDT seen to withstand competition from 3rd telco

S&P GLOBAL Ratings affirmed the “BBB+” long-term issuer credit rating of PLDT, Inc. as it anticipates the telco giant to “remain largely unchanged” in the near-term despite the threat of a new major telecommunications player.

Globe leads fixed wireless home broadband market

GLOBE TELECOM, Inc. said it grew its market share for fixed wireless home broadband in the first quarter as the penetration rate across the country expanded during the period.

Anchor Land signs PPP deal with Parañaque gov’t

ANCHOR Land Holdings, Inc. is partnering with the local government of Parañaque City for a mixed-use development project.

LTFRB firm on June 2020 deadline to complete jeepney modernization

THE government is intent on completing the jeepney fleet modernization program as scheduled, after the initial stages of the project started in 2017 resulted in only 4,000 modernized jeepneys taking to the roads.

Port regulator caps time to decide on proposals

THE PHILIPPINE PORTS AUTHORITY (PPA) is limiting the time to decide on unsolicited proposals from private groups seeking to develop local ports.

ABS-CBN says sales of TVplus boxes hit 8 million

THE sales of ABS-CBN Corp.’s TVplus boxes has grown almost 20% since February, as adoption of digital television in the country picks up pace.

PSE index may climb past 8,200 on Q2 earnings

LOCAL STOCKS are expected to climb beyond the 8,200 mark this week amid increased trading from investors due to the release of second-quarter earnings reports.

Puregold expects double-digit growth in revenues this year

PUREGOLD Price Club, Inc. expects to see double-digit growth in revenues this year, as it partnered with Globe Fintech Innovations, Inc. (Mynt) to introduce a new payments system using mobile wallet GCash in its supermarkets.

Holcim Philippines completes expansion of facility in Davao City

HOLCIM Philippines, Inc. on Thursday said it has completed the expansion of its plant in Davao City, which is expected to boost production capacity.

Globe taps Israeli satellite networking firm

GLOBE Telecom, Inc. inked a new partnership with an Israel-based satellite networking firm for the provision of WiFi services in schools and hospitals across the country.

Airlines asked to submit monthly OTP reports

THE government’s aviation regulator is ordering airlines to submit a report of their monthly on-time performances (OTP), in an effort to improve operations across all airports in the country.

Now Telecom says open to partnership with Dito

NOW Telecom Co., Inc. said it is open to partnering with new major telecommunications player Dito Telecommunity Corp. in order to expand its operations in the country.

SEC warns public vs investing in Paycheck companies

THE Securities and Exchange Commission (SEC) warned the public against investing in several “Paycheck” companies, since these are not authorized to solicit investments or have the license to sell securities.

Megaworld allots P350M for Iloilo transport hubs

MEGAWORLD Corp. is investing P350 million for transport hubs at the Iloilo Business Park, which is set to open this year.

PLDT, Smart provide fastest internet connections in Philippines — Ookla

PLDT, Inc. and its wireless unit Smart Communications, Inc. provided the fastest fixed and mobile internet speeds in the country during the first half of the year, according to Ookla.

Draft rules for Corporation Code up for comment

THE Securities and Exchange Commission (SEC) is soliciting comment on implementing rules for amendments to the Corporation Code, which was overhauled recently to allow fewer incorporators to found companies, as well as the registration of foreign corporations.

PHL shares end higher on Federal Reserve watch

LOCAL SHARES ended higher on Wednesday as investors remained on the lookout for hints on the next policy move of the US Federal Reserve.

Digital payments adoption increasing in Philippines, according to central bank data

PAYMAYA Philippines, Inc. said the adoption of e-wallets in the Philippines has grown stronger in 2018 to become more popular than credit cards, citing data from the Bangko Sentral ng Pilipinas (BSP).

BoI sees P414M worth of investment from Cotabato chicken contract-growing deals

THE Board of Investments (BoI) said it expects nine procurement tie-ups to generate P414 million in investment after San Miguel Foods, Inc. (SMFI) participated in a business matching exercise in Cotabato Province.

Maritime regulator seeks more perks for shipbuilders

THE MARITIME Industry Authority (Marina) is seeking more incentives for the shipbuilding and ship repair industry to drive investment growth, the agency said in a statement yesterday.

Transport regulator looking at relaxing ride-sharing rules

THE LAND Transportation Franchising and Regulatory Board (LTFRB) said it might relax the application process for ride-sharing services in the country after a dialogue with operators yesterday.