Business NEWS

Global passenger demand in January 2021 (measured in revenue passenger kilometers or RPKs) plunged 72 per cent versus January 2019, the International Air Transport Association (IATA) announced last night (March 2).

Metro Pacific Investments Corporation (MPIC) and its logistics arm MetroPac Movers Inc. (MMI) helped store batches of the CoronaVac vaccine, from Beijing-based biopharmaceutical firm Sinovac, in the MetroPac Movers Inc. warehouse in Marikina City.

Despite the 2020 pandemic, LIMA Land, Inc., operator of LIMA Technology Center in Lipa-Malvar, Batangas, welcomed 17 new international and local locators and is expanding its industrial park to generate 20,000 jobs.

Passengers can now rebook as many times as they need after Cebu Pacific (CEB) permanently scrapped its change fees to restore confidence in air travel.

Third player DITO Telecommunity Corporation today (March 2) announced it will be commercially operational in 15 areas in Metro Cebu and Davao on Monday, March 8.

Indonesian financial technology firm Xendit, which aspires to be the Philippines’ digital financial highway, raised a total of US $88 million funds after its latest US$64.6 million Series B round to expand its regional business.

AirAsia’s logistics arm, Teleport, partnered with fast-food chain Golden Arches Development Corporation (McDonald’s Philippines) to hasten the delivery of orders within the National Capital Region (NCR) – and soon, throughout the archipelago and Southeast Asia.

Smart Communications Inc. has tripled the number of its 5G sites nationwide to over 1,400, including Baguio and Cagayan de Oro, the telco announced Friday, (Feb. 26).

The Development Bank of the Philippines (DBP) needs to change its charter and triple its authorized capital from P35 billion to P100 billion  to broaden its credit assistance to priority sectors.

Unfazed by grim prospects for the airline industry this year, Pacific Global One Aviation (PG1), the aviation arm of PLDT, Inc., undertakes a major rebrand for its chartered services to get a piece of the $7 billion market by 2024.

The Philippine National Railways (PNR) canceled its P921 million contract with Chinese firm CRRC Zhuzhou Locomotive Co., Ltd. for the acquisition of new trains after the Commission on Audit (COA) questioned its procurement and plans to conduct a re-bidding.

The global airline industry will continue to be in the red throughout 2021, according to a new analysis which the International Air Transport Association (IATA) released last night ( February 24, 2021).

The number of vehicles with Autosweep Radio Frequency Identification (RFID) tags have doubled to 2.7 million todate and still increasing, San Miguel Corporation (SMC) Wednesday, (Feb. 24) announced.

Globe Telecom Inc. and DITO Telecommunity inked an interconnection deal for domestic mobile calls and SMS which starts next month.

Globe Telecom Inc. has been re-inventing itself to give customers the best overall experience.

Cavitex Infrastructure Corporation (CIC) is doing double time early this year to complete new segments of the P15.3 Billion, 7.7 kilometer Manila-Cavite Expressway (Cavitex) C-5 Link Expressway by second quarter, 2022.

PLDT Inc. and telco newcomer DITO Telecommunity Corporation today, Feb. 23, announced they have forged a deal to construct a transmission facility interconnecting their subscribers.

The race is on for the widest 5G footprint in the country todate.