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Aboitiz unit inks deal with Austal

SHIPBUILDING firm Austal Philippines Pty Ltd. is tapping Aboitiz Construction, Inc. as its local contractor, once the former bags the contract to build vessels for the Armed Forces of the Philippines (AFP).

Grab to pilot test scooter service in Intramuros

GRAB Philippines is partnering with the Department of Tourism (DoT) to pilot test a scooter service in Intramuros and to stream Philippine tourism videos in Grab cars across Southeast Asia.

DICT unveils priority initiatives

THE Department of Information and Communications Technology (DICT) is seeking collaboration with other government agencies as it identified five priority initiatives.

ICTSI subsidiary coordinates with Honduras government to improve systems, roads

A SUBSIDIARY of Razon-led International Container Terminal Services, Inc. (ICTSI) said it is expecting to improve its operations at Puerto Cortes in Honduras with improved partnerships with government authorities.

Jackstones creates property management firm

JACKSTONES, Inc. (formerly NextStage, Inc.) is forming a property management company.

Construction promise best in PHL — note

THE PHILIPPINES can be expected to be among Southeast Asian economies least affected by the escalating Sino-United States trade war due to “stronger fundamentals” -- thanks partly to robust construction activity -- and “more limited exposure to global trade,” according to a note of Australia-based BIS Oxford Economics.

Aboitiz-FTAP tandem inks deal with Smart Communications for common towers

THE joint venture of Aboitiz InfraCapital, Inc. and Frontier Tower Associates Philippines, Inc. (FTAP) has secured a deal with Smart Communications, Inc. to provide shareable telecommunications infrastructure.

ADB’s technical support for PHL infrastructure at $77M

THE ASIAN Development Bank (ADB) has so far disbursed $76.79 million to support the Philippines in creating a pipeline of infrastructure projects that may be implemented by the next administration.

SMEs encouraged to adopt digital payments system

SMALL and medium enterprises (SMEs) are being encouraged by PayMaya Philippines, Inc. to invest in digital payment systems to expand their customer base.

Gov’t expects revised terms for Davao, Kalibo airport dev’t this week

THE DEPARTMENT of Transportation (DoTr) is looking to receive before the month ends revised concession terms for unsolicited proposals from private firms to modernize two regional airports.

NLEX to start work on connector road next month

NLEX Corp. is targeting to begin next month the construction of the toll road that will link North Luzon Expressway (NLEx) to South Luzon Expressway (SLEx).

PLDT Enterprise launches campaign for MSMEs

PLDT Enterprise is launching a campaign for micro-, small- and medium-sized enterprises (MSMEs) by giving them products and services to support their growth.

PHL remains compliant with maritime industry standards

THE Philippines remained on the International Maritime Organization’s (IMO) list of countries compliant with maritime and seafaring industry standards, the industry regulator said.

Chelsea named original proponent for Sasa port project

CHELSEA Logistics and Infrastructure Holdings Corp. has been awarded original proponent status on its unsolicited P11.2-billion bid to modernize Davao City’s Sasa Port.

Globe enterprise division signs 17 reseller deals

THE enterprise arm of Globe Telecom, Inc. said it is expanding its presence across the country’s three main island groups with new partnership deals with resellers.

Bourse stages last-minute rebound

LOCAL EQUITIES managed to rebound at the last minute on Friday after two straight days of decline amid thin trades, with no compelling local leads to draw investor attention from concerns abroad ahead of a long weekend.

Mynt partners with Greenhills mall operator

GLOBE Telecom, Inc.’s mobile wallet arm GCash has recently been tapped by Ortigas & Co. to offer its quick response (QR) payment services to merchants at Greenhills.

PHL telcos seen having edge in 5G launch race

NETWORK providers in the Philippines have an edge against their regional peers to launch fifth generation (5G) technology faster, technology firm Ericsson, Inc. said.

Cebu Pacific hopes to regain market share with new planes

BUDGET carrier Cebu Pacific is hoping to regain market share lost to domestic rivals, with the arrival of new aircraft this year.

Red tape regulator, DICT to lead gov’t digitization effort

THE Anti-Red Tape Authority (ARTA) is planning to sign a partnership with the Department of Information and Communications Technology (DICT) to digitize government transactions.

Local SMEs to hike investments in digital technology — survey

SMALL and medium enterprises (SMEs) in the Philippines are planning to increase investments in digital technologies next year, a survey by United Kingdom-based Ernst & Young Global Ltd. (EY) showed.

AirAsia PHL looking to mount flights to Guam

PHILIPPINES AirAsia, Inc. is planning to mount flights to Guam, once it receives Civil Aeronautics Board (CAB) approval for its application seeking air entitlements to the United States.

Cignal to invest P200M in next 2 years on content production

CIGNAL TV, Inc. is investing about P100 million annually over the next two years to produce its own content in order to future-proof itself as the local television industry goes digital.

LRMC begins civil works on Cavite extension

THE operator of the Light Rail Transit Line 1 (LRT-1) is set to begin the civil works on the railway’s extension to Cavite next month.

Tiu’s PHL Infradev creates China subsidiary

PHILIPPINE Infradev Holdings, Inc. has successfully incorporated a wholly owned subsidiary in Jiangsu, China which will handle procurement processes for the company.

PayMaya partners with Total Philippines

PAYMAYA Philippines, Inc. is continuing to expand its client base with an agreement signed with fuel retailer Total Philippines Corp.

Airline regulator drawing up penalties for ‘chronic delays’

THE CIVIL Aeronautics Board (CAB) is crafting a penalty scheme to punish airlines for “chronic delays.”

AirAsia PHL eyes flights to US

PHILIPPINES AirAsia, Inc. is eyeing flights to the United States, as it filed an air traffic access application with the Civil Aeronautics Board (CAB).

Aboitiz Construction targets 18% revenue growth this year

ABOITIZ Construction, Inc. (ACI) is aiming to grow revenues by 18% to P6.5 billion this year, as it taps new markets for expansion.

PLDT Global inks deal with South Korea’s Powercall

PLDT Global Corp. is bringing its products to South Korea’s biggest online distributor of prepaid call cards.

Air fares poised to drop in next 2 months

AIR FARES are set to go down next month as the aviation regulator reduced the allowable fuel surcharge that airlines may implement for September and October.

Media giants ABS-CBN, GMA report mixed results

LISTED television networks reported mixed financial conditions in the second quarter, as ABS-CBN Corp.’s profit soared 75% while earnings of GMA Network, Inc. fell 22%.

ABS-CBN to provide video content for LRT, MRT trains

ABS-CBN Corp. will soon air some of its news updates and short entertainment clips on video screens inside trains at the Metro Rail Transit Line 3 (MRT-3), Light Rail Transit Line 1 (LRT-1) and Line 2 (LRT-2).

NLEX Corp allocates P7.7B for road network to help ease Metro...

NLEX CORP. is investing P7.7 billion for road enhancements to help improve traffic in Metro Manila and key cities outside the capital.

JG Summit doubles profit in 2nd quarter

JG SUMMIT Holdings, Inc. doubled its earnings in the second quarter as its airline, real estate and banking units registered double-digit growth.

Cebu Pacific pins growth hopes on cargo business

CEBU PACIFIC operator Cebu Air, Inc. is looking to ramp up the expansion of its cargo business, banking on the continued growth of the logistics industry.

Record cargo volumes push ATI earnings higher

EARNINGS of Asian Terminals, Inc. (ATI) jumped 26% in the second quarter as its Manila and Batangas ports handled record cargo volume.

San Miguel officially awarded P734-billion Bulacan airport project

THE Department of Transportation (DoTr) on Wednesday officially issued the notice of award to San Miguel Holdings Corp. (SMHC) for its P734-billion Bulacan International Airport project.

Mobile phone tiers, not brands, affecting network speed

VARYING smartphone brands barely affect the mobile network experience of phone users in the Philippines, but high-tier units beat mid- and low-tier ones in terms of network speed.

Chelsea income declines 24% in 2nd quarter

CHELSEA Logistics and Infrastructure Holdings Corp. posted a 24% decline in earnings in the second quarter due to losses in its shares in 2GO Group, Inc.

Grab gets more time to address concerns

THE STATE antitrust watchdog has extended its monitoring of Grab Philippines, citing “lingering competition concerns” a year after the company got conditional clearance for its acquisition of Uber’s operation in the country.

SMC taps 3 foreign firms to design new airport

SAN MIGUEL Corp. (SMC) has tapped three foreign companies for the design and construction of its proposed P734-billion international airport in Bulakan, Bulacan.

Philippine airlines report mixed Q2 results

LISTED Philippine airlines posted mixed earnings in the second quarter, as Cebu Air, Inc. doubled its earnings while PAL Holdings, Inc. slumped to a bigger loss.

ICTSI earnings jump 14% during second quarter

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) posted a 14% rise in earnings during the second quarter as it recorded a higher throughput across its ports.

Cavite expressway operator sets proposed link to Sangley base

THE operator of the Manila-Cavite Expressway (CAVITEx) aims to submit in the coming month a proposal that will connect the toll road to the Danilo Atienza (Sangley) Air Base.