Business NEWS

Cebu Pacific (CEB), the Philippines’ leading carrier, is gradually rebuilding its international flight network with the restart of flights between Manila and key Asian destinations in August. This is on top of its once-a-week flights between Manila and Dubai which re-started in mid-July. 

Pakistan International Container Terminal Services (PICT), a unit of International Container Terminal Services Inc. (ICTSI), has received the inaugural call of the newly launched UAE-Indian Subcontinent-Gulf service (UIG) at the Port of Karachi.

International Container Terminal Services, Inc. (ICTSI) has bagged the concession for the development, operation and maintenance of the Kribi Multipurpose Terminal (KMT) in Cameroon.

The outlook for the world’s shipping sector  in the next 12 to 18 months remains negative with earnings expected to plummet and recovery likely to be  long and bumpy, according to the newest report of Moody’s Investors Service.

HONG KONG (AFP) – Hong Kong carrier Cathay Pacific issued a profit warning on Friday, estimating it will suffer a historic loss of HK$9.9 billion (US$1.3 billion) in the first half of 2020 as it reels from the coronavirus pandemic.

Cavitex Infrastructure Corporation (CIC), the concessionaire of the Manila-Cavite Expressway (CAVITEX), and the Philippine Reclamation Authority (PRA) yesterday broke ground on two new segments of the Cavitex C5 Link Expressway.

Philippine Airlines (PAL) has resumed both its international flights and domestic flights (effective July 7, Tuesday).

A consortium led by Thailand's largest conglomerate CP Group on Thursday signed a $7.4-billion deal to build a high-speed railway connecting three airports, the spine of an infrastructure scheme set to transform the southern coast into a tech hub.