Business NEWS

Transport authorities can no longer postpone the contactless toll payment scheme beyond next month, December 1, 2020, although the tollway systems of expressway companies are not yet interoperable.

Cebu Pacific (CEB) has refunded P2.7 billion out of P4.8 billion total requests for its COVID-19-related cancelled flights, the airline reported last night (November 5, 2020).

Communication lines at airports operated by the Civil Aviation Authority of the Philippines (CAAP) in the Bicol region, which were most hit by Typhoon Rolly over the weekend, have been restored as of today (Nov 5).

Buoyed by sustained demand for data and broadband in pandemic times, PLDT Inc. hauled in P126.6 billion revenues for the first nine  months of 2020, up 9 per cent versus the same period last year.

Global passenger demand remained highly depressed in September, according to latest figures from the International Air Transport Association (IATA).

Despite the double whammy of a pandemic and economic recession, Globe Telecom Inc.’s third quarter consolidated service revenues improved 3 per cent to P37 billion versus last quarter’s performance due to surging data demand.

In a socially-distanced world, Filipino customers expect 72 percent of their interaction with businesses will take place online in this pandemic year, almost double, from 40 percent in 2019.

The MRT-3 yesterday (November 2, 2020) hiked its operating speed to 50 kilometers per hour (kph), which it last attained six years ago, cutting travel time by 10 minutes.

The Department of Public Works and Highways (DPWH) has fast-tracked delivery of right-of-way (ROW) for major infrastructure projects,

Globe Telecom, Inc. and Dito Telecommunity Corporation have partnered with Aboitiz InfraCapital, Inc. for small cell deployment to  boost network capacity and coverage.

Smart Communications Inc. (Smart) and Globe Telecom Inc. reported Monday (Nov. 2) that they have begun restoring services in areas hit by Typhoon Rolly (international name Goni).

As early as Friday, October 30, Civil Aviation Authority of the Philippines (CAAP)-operated airports have secured their powerplant and runway equipment, boarded facilities and activated procedures for typhoon disaster response.

Over 5,000 farmers and agri-enterpreneurs in the Cagayan Valley (Region 2) can now sell their products digitally to consumers in Metro Manila.

After disbursing over P11.98-billion credit assistance to the beleaguered tourism sector in the first half of this year, the Development Bank of the Philippines (DBP) further committed to help the industry rebuild trust in travel, adapt to digital platforms, and re-invent traditional offerings to spur demand.

Grab believes riders can adopt cashless payment faster via the Cash-in With Driver feature in its app, to be fully rolled out next month, as the ride-hailing firm prepares for a 50 per cent increase in ridership this December.

The P10-billion Northbound section of San Miguel Corporation (SMC)’s Skyway Extension is now 70 per cent done and on-schedule to be finished  by year-end, president and chief operating officer Ramon S. Ang  announced yesterday.

PLDT Inc. is still expanding its fiber infrastructure, which reached 395,000 kilometers end-September,  by another 81,000 kms  (31,000 kms more in 2020 and 50,000 in 2021), PLDT-Smart senior vice president for network planning and engineering Mario G. Tamayo announced yesterday.

Airlines cannot cut costs enough to stave off bankruptcies and keep jobs in 2021, according to the newest analysis of the International Air Transport Association (IATA).