Business NEWS

The Globe Telecom Inc. Group lauds the new law against the online sexual abuse and exploitation of children (OSAEC) as a victory for child rights.

Cebu Pacific (CEB) upgraded its flights to Tacloban, Dumaguete and Butuan with bigger A320NEO aircraft to satisfy higher demand due to relaxed restrictions and pent-up demand for travel.

Grab Philippines has decided to make a full foray into motorcycle taxi hailing services by buying Move It for under P1 bIllion, senior director for operations and strategy Ronald Roda announced in a press briefing Thursday night, Aug. 4.

The recovery in air travel remains strong, based on the International Air Transport Association (IATA)’s first half of the year passenger data released last night, August 4.

Global port operator International Container Terminal Services Inc. (ICTSI) registered a 50 percent increase in net income to $294.5 million in the first half this year from $196.7 million in the same period 2021 primarily due to higher operating income, higher net foreign exchange gain, increase in equity share in net profit of joint ventures, and strong contribution of new terminals.

Despite tough economic conditions, PLDT Inc. hauled in ₱94.3 billion in consolidated service revenues (net of interconnection costs) in the first half of 2022, up 5 percent versus the same period last year.

The Development Bank of the Philippines (DBP) granted a P2.3-billion loan for a new economic zone in the coastal town of Pilar, Bataan.

Department of Transportation (DOTr) Secretary Jaime J. Bautista this Thursday ( August 4) inaugurated the Roxas Boulevard and Taft Busway Stations of the P77,738,390 EDSA Busway Project, which were completed just a couple of days ago.

Globe Telecom Inc., Eastern Communications, along with telecom and digital solutions provider InfiniVAN, recently started deploying fiber cables to build the country’s longest submarine fiber cable network spanning 2,500 kilometers, about the same distance between Manila and Singapore, for a yet undisclosed project cost.

Global air cargo markets are healthy and stable, according to the latest findings of the International Air Transport Association (IATA) released Wednesday night (August 3).

Philippine Airlines, Inc. (PAL) reported growth in earnings in the first semester this year, its first positive financial results since 2016, the flag carrier disclosed Wednesday, Aug. 3.

The management of the Metro Rail Transit 3 issued an advisory Wednesday, August 3, on items that passengers cannot bring in its stations or inside the trains, for security reasons.

Tourism is recovering in Asia and the Pacific, according to the latest United Nations World Tourism Organization (UNWTO) Barometer.

Smart Communications, Inc. delivered the Best Mobile Coverage in the country for the first half of the year, according to the latest independent report by Ookla®, global leader in mobile and broadband network intelligence.

Globe Telecom Inc. is seeking partnership with property developers to push for built-in broadband and dedicated spaces for telco infrastructure in housing projects.

“Buckle down to work and ignore the current top management vacuum in the agency,” newly appointed Assistant General Manager for Operations (AGMO) and Officer in Charge of the Philippine Ports Authority (PPA) Atty. Francisquiel O. Mancile exhorted personnel Monday, Aug. 1, after attending his first-ever flag-raising ceremony at the agency.

The Ninoy Aquino International Airport (NAIA) Terminal 2 needs to be improved to enhance passenger experience, Department of Transportation Secretary Jaime J. Bautista noted in his surprise inspection last night, Aug. 1, during the airport’s peak hours.

The Philippine Coast Guard (PCG) has declared heightened alert status from August 15-29 for the resumption of face to face classes (Oplan Balik Eskwela).