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Tag: Denise A. Valdez

DoTr, Angkas to pilot test motorcycle taxis

THE Department of Transportation (DoTr) will be working with Angkas in a pilot test that will allow motorcycle taxis to temporarily operate in select areas across the country.

Chelsea 1st quarter income rises 21%

EARNINGS of Chelsea Logistics and Infrastructure Holdings Corp. jumped by 21% in the first three months of the year, driven by robust revenues from its logistics business.

Swiss challenge for CTBEx seen before end-2019

THE Metro Pacific Tollways Corp. (MPTC) said it is expecting to conduct the Swiss challenge for the Cavite-Tagaytay-Batangas Expressway (CTBEx) project before the year ends.

Earnings of ICTSI surge by 77% in January-March

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) reported higher earnings in the first quarter, driven by an increase in revenues from its improved performance in its operations in Melbourne, Australia and Buenaventura, Colombia.

DoTr expects to submit NAIA rehab proposal to NEDA by next...

THE DEPARTMENT of Transportation (DoTr) hopes to submit the proposal of the so-called “super consortium” to rehabilitate the Ninoy Aquino International Airport (NAIA) to the National Economic and Development Authority (NEDA) by next week.

Search for PLDT president, CEO continues

PLDT, Inc. Chairman Manuel V. Pangilinan said the search for a new president and chief executive officer (CEO) may take longer.

Construction cost in Manila remains inexpensive — global index

THE cost of construction in Manila remains relatively inexpensive, according to a global index of construction costs by consultancy firm Arcadis.

ICTSI gets go signal to hike stake in MNHPI

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said Wednesday it has secured all approvals needed to increase its stake in Manila North Harbor Port, Inc. (MNHPI).

Aboitiz Group endows new AIM institute

THE ABOITIZ GROUP said Wednesday it is donating P500 million to the Asian Institute of Management (AIM) to support the growth of data science and innovation in the Philippines.

Construction of LRT-1 Cavite extension gets under way; partial operations by...

THE extension of the Light Rail Transit Line 1 (LRT-1) to Cavite is seen to benefit passengers by as soon as the fourth quarter of 2021, as construction began on the project on Tuesday — nearly five years after it was awarded to the Light Rail Manila Corp. (LRMC).

New stores lift Metro Retail Q1 bottom line

METRO RETAIL Stores Group, Inc. (MRSGI) grew its net income by 65% in the first quarter, after it resumed operations of its Cebu-based store and opened additional stores.

Results of probe into Cebu Pacific for flight cancellations due Friday

THE Department of Transportation (DoTr) said it hopes to receive a report by late this week detailing the findings of an investigation into Cebu Pacific, amid ongoing hearings by the Civil Aeronautics Board (CAB) on the carrier’s recent spate of flight cancellations.

Data drives Globe profit higher in 1st qtr

EARNINGS of Globe Telecom, Inc. rose 44% in the first quarter, on strong revenues from sustained increase in data usage by mobile and home broadband subscribers.

HyalRoute Group to invest $1-2 billion in PHL venture

THE Department of Information and Communications Technology (DICT) signed a deal with the local subsidiary of Singapore-based HyalRoute Group last week to roll out a fiber optic cable network in the country.

Zamora partners with Chinese firm for WiFi, digital TV

BUSINESSMAN Salvador B. Zamora II, who chairs listed Philippine Telegraph and Telephone Corp. (PT&T), signed a memorandum of understanding (MoU) with Chinese firm CITIC Networks Co. Ltd. to offer WiFi internet access, digital television and satellite network services in the Philippines.

DoTr still wants private firm to take over MRT-3

THE Department of Transportation (DoTr) said it will continue to seek a private company to take over the operations and maintenance (O&M) of the Metro Rail Transit Line 3 (MRT-3), once the new Japanese contractors finish the rehabilitation of the railway system in two years.

Aviation regulator starts hearings on Cebu Pacific issues

THE CIVIL Aeronautics Board (CAB) is asking Cebu Pacific operator Cebu Air, Inc. to submit additional requirements as the regulator on Thursday conducted its first formal hearing on the carrier’s recent wave of flight cancellations.

Panlilio set to return to PLDT group

PLDT, Inc. and its wireless unit Smart Communications, Inc. announced on Thursday that Alfredo S. Panlilio will be returning in July as its chief revenue officer.

AirAsia Philippines still keen on IPO this year

PHILIPPINES AirAsia, Inc. is hoping to pursue its plan to undergo public listing in the local bourse before the year ends.

Prime Infra hopes to get go signal for Wawa project next...

PRIME Metroline Infrastructure Holdings, Inc. (Prime Infra) of tycoon Enrique K. Razon, Jr. is expecting the government’s green light for its plan to develop the Wawa Dam in Rizal.

AirAsia Philippines swings to net operating loss in 2018

THE PHILIPPINE UNIT of the AirAsia Group Berhad, Philippines AirAsia, Inc., swung to a net operating loss of P2.11 billion in 2018 from a profit of P710 million in 2017 as it was hit by the rise in price of jet fuel and the weakening of the Philippine peso against the US dollar last year.

Bubble tea fuels Grab’s food delivery business

THE craving for bubble tea is fueling Grab’s food delivery business as it said the number of orders for the sugary drink in the Philippines grew 3,500% from June to December last year.

Lenovo launches new gaming devices

HONG KONG-based technology firm Lenovo will start offering new gaming devices under its Legion brand this month.

Gov’t sees boost in MRT-3 speed, trains after turnover

THE GOVERNMENT expects a boost in speed and number of train sets running for the Metro Rail Transit Line 3 (MRT-3) as it officially turned over the rehabilitation and maintenance of the train line to its original designers in a ceremony Tuesday night.

Cebu Pacific cancels more flights

CEBU PACIFIC on Tuesday said it is canceling around ten flights a day this month, as part of efforts to streamline its operations.

Airlines scale down flights to Boracay

AS the government limits the number of tourists to Boracay island, some local airlines are looking at other tourist destinations to drive passenger growth this summer.

Super consortium’s amended NAIA proposal under review

THE Department of Transportation (DoTr) said it is now reviewing the new draft agreement submitted by the super consortium seeking to rehabilitate the Ninoy Aquino International Airport (NAIA) Monday.

Batangas Container Terminal increases its annual capacity with new berth

ASIAN Terminals, Inc. (ATI) inaugurated a new berth at the Batangas Container Terminal (BCT) Monday, which is eyed to increase its annual capacity and eventually help decongest ports in Manila.

Grab cracks down on ‘excessive’ cancellations

GRAB Philippines (MyTaxi.PH, Inc.) said it will start imposing penalties on passengers and drivers for excessive cancellations of booked rides.

Agriculture loan repayment rate falls due to calamities

THE Department of Agriculture (DA) said the repayment rate on its loan program for farmers fell this year because of damage to crops caused natural calamities last year.

Udenna-China Telecom deal may prompt more Chinese firms to enter Philippines

THE $5.4-billion deal signed last week by Udenna Corp. and subsidiary Chelsea Logistics Holdings Corp. with China Telecommunications Corp. for a telecommunications joint venture may prompt more Chinese firms to pour investments in the Philippines.

Cebu Pacific cancels several flights amid ‘unprecedented level of disruption’

CEBU PACIFIC is canceling several flights scheduled until Tuesday due to an “unprecedented level of disruption” in its operations since last week.

PHL remains out of US IPR watch list for 6th year

FOR the sixth straight year, the Philippines was not included in the US government’s watch list of countries with weak protection of intellectual property rights (IPR), although some areas of concern were flagged.

Honestbee temporarily halts PHL operations

HONESTBEE Philippines said it is temporarily suspending operations in the country following the same business decision for its Hong Kong and Thailand units.

GrabPay can now be used at SM Cinemas

GRAB Philippines said its mobile wallet arm GrabPay can now be used to pay for tickets at SM Cinemas as part of its continued expansion in the country.

Influencers distrust means employees could be next wave of brand ambassadors

EMPLOYEES are being positioned as possible ambassadors for their companies’ brands, after a recent study found increasing interest from Filipino consumers in knowing about a company’s workings before patronizing its products and services.

ABS-CBN shifts focus to digital, broadband

MEDIA GIANT ABS-CBN Corp. said it will invest more to boost its digital business this year as the segment showed the fastest growth in 2018.

Cebu Pacific says GetGo app server compromised

CEBU PACIFIC reported Thursday its GetGo application server was compromised Wednesday night, prompting the company to temporarily shut it down pending an investigation.

Smart upgrades LTE network in Boracay

SMART Communications, Inc. said it has upgraded its long term evolution (LTE) network in Boracay in anticipation of tourists flocking to the island this summer.

Filipino kids spending longer hours on the internet — study

A RECENT study by a kids digital media company said children in the Philippines prefer access to the internet over television, recording longer hours spent on internet-enabled devices per month.

SAP Philippines in talks with LGUs for smart cities

A GLOBAL provider of enterprise application software is eyeing to tap local government units as a strategy to encourage the national government in starting a digital transformation of its systems.

EasyCall Communications grows profit by over 400% in 2018

EASYCALL Communications Philippines, Inc. saw over 400% earnings growth in 2018, driven by its acquisition of TDG Ventures, Inc. in the fourth quarter.

Aftershocks still felt in quake-hit Luzon areas; Clark Airport resumes operations

A MAGNITUDE 4.5 aftershock shook parts of Luzon early Wednesday morning as people were still reeling from the 6.1 earthquake that struck on Monday.

Globe to launch 5G network in June

GLOBE Telecom, Inc. is preparing to launch its fifth-generation (5G) services before the end of the first half.

Clark airport terminal sustains P30 million worth of damage

THE Department of Transportation (DoTr) is aiming to reopen Clark International Airport today (Wednesday), after the terminal sustained damage after a 6.1-magnitude earthquake hit Luzon Monday afternoon.