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THE Romero-led F&S Holdings, Inc. increased its stake in the operator of Philippines AirAsia, Inc. to become the single largest shareholder in the low-cost carrier ahead of its planned initial public offering (IPO) later this year.
PHILIPPINE Airlines (PAL) and its labor group PAL Employees Association (PALEA) inked a five-year collective bargaining agreement (CBA) that provides for “enhanced employment terms” for the latter’s members.
GRAB Philippines (MyTaxi.PH, Inc.) said Monday it may have to deactivate “at least” 8,000 vehicle providers from its platform next week, as they failed to comply with regulations set by the Land Transportation Franchising and Regulatory Board (LTFRB).
AIRASIA Philippines will start adding new routes to link the Philippines with southern Taiwan by August.
JG Summit Holdings, Inc. is increasing its capital expenditures (capex) this year, banking on a growing economy in expanding its petrochemical, airline, property, food and beverage and banking businesses.
ABOITIZ Equity Ventures, Inc. (AEV) has obtained approval from the Securities and Exchange Commission (SEC) to offer to the public P30 billion worth of fixed-rate bonds.
THE Asia Cloud Computing Association (ACCA) released on Monday a white paper that proposes fine-tuning of the Philippines’ cloud-first policy, as it said it sees potential in the country to advance the movement of the public sector to the cloud.
FIRST GEN Corp. broke ground on Tuesday at the site of its liquified natural gas (LNG) terminal in its Clean Energy Complex in Batangas City, which it hopes to get operational before the Malampaya gas field is depleted in 2024.
THE Civil Aviation Authority of the Philippines (CAAP) said it turned over to the national government its highest dividend in history in 2018, as it increased its net income after the installation of a Communications, Navigation, Surveillance / Air Traffic Management (CNS/ATM) system last year.
MAYNILAD Water Services, Inc. is setting aside P16.8 billion for capital expenditures this year, focusing mainly on wastewater projects in the west zone concession area.
GRAB PHILIPPINES (MyTaxi.PH, Inc.) said it has seen robust growth for its food delivery service, Grab Food, in the last six months.
THE Department of Transportation (DoTr) is looking to privatize the operations of several facilities in the remaining three years of the Duterte administration, starting with the passenger terminal building of the Port of Cagayan De Oro.
GLOBE TELECOM, Inc. said it will continue to partner with Huawei Technologies Co., Ltd., including on the establishment of a fifth-generation (5G) network in the country, despite the United States placing the Chinese tech giant on a trade blacklist last week.
INCOMING third telecommunications player Mislatel consortium said it is expecting to receive the permit to operate from the National Telecommunications Commission (NTC) by July, as it currently prepares for the submission of its performance bond to the government.
TECHNOLOGY logistics start-up Shiptek Solutions Corp. is setting sights on expanding to Singapore by late this year to early next year. This as the company officially welcomed on Wednesday Union Bank of the Philippines, Inc. as a strategic investor.
TUNNELING work on the Metro Manila Subway Project is not expected to begin until next year, but the Department of Transportation (DoTr) is already considering bidding out to real estate developers the soil and rock that will be excavated.
THE NATIONAL PRIVACY COMMISSION (NPC) has begun looking into 48 online lending applications that have been subject to almost 500 harassment complaints.
HUAWEI TECHNOLOGIES Co., Ltd. on Monday said it will continue to provide security updates and services for its smartphones and tablets, after Alphabet, Inc.’s Google said it would restrict the Chinese technology giant from updates to the Android operating system.
THE FUNCTIONS and powers of the Department of Information and Communications Technology (DICT) need to be reviewed to improve the department’s effectiveness, according to a study by the Philippine Institute of Development Studies (PIDS).
TRANSPORTATION SECRETARY Arthur P. Tugade yesterday said he and his department are ready to accept emergency powers to solve the traffic congestion in the capital if members of the incoming 18th Congress will push for such a measure.
THE Department of Transportation (DoTr) is seeking bidders for the remaining components of the Malolos-Clark railway, which makes up part of the P777.55-billion North-South Commuter Railway (NSCR) project.
MEGAWIDE Construction Corp.’s net income plunged 50% in the first quarter amid a drop in construction contract revenues.
THE Philippine Ports Authority (PPA) said it remitted a total of P9.41 billion in dividends and taxes to the national government in 2018, a record remittance fueled by strong revenue growth during the year.
DOUBLEDRAGON Properties Corp. subsidiary CityMall Commercial Centers, Inc. has agreed to lease its mall rooftops to common tower provider ALT Global Solutions, Inc. which proposes to build a network of cellular wireless towers.
THE CIVIL Aeronautics Board (CAB) will not penalize Cebu Pacific for its spate of flight cancellations in two weeks from end-April to early May, but is requiring the budget carrier to submit a concrete plan of action to prevent recurrence of the problem.
TWENTY NEW lanes are set to be added at the toll plazas of the Subic-Clark-Tarlac Expressway (SCTEX), operator NLEX Corp. announced on Wednesday.