Angelica Ballesteros

Stocks post strongest gain in weeks

The stock market ended firmer on Monday, Oct. 7, as investor optimism was fueled by the significant slowdown in the country’s inflation rate last month.

Cebu Pacific inks P1.75-billion deal to acquire AirSWIFT

Cebu Air Inc., operator of low-cost carrier Cebu Pacific, officially took over AirSwift Transport Inc. following its acquisition of the latter’s entire stake from Ayala Land Inc. (ALI) for P1.75 billion.

Megaworld appoints Kevin Tan as executive director

Property giant Megaworld Corp. has appointed Kevin L. Tan as its new executive director, succeeding his mother, Katherine Tan, who stepped down on Monday, Oct. 7. 

NAIA to implement charges for overstaying cars

Following higher fees for airlines and car owners at the Ninoy Aquino International Airport (NAIA), overstaying cars at curbsides will also expect to pay charges as early as this year.