A light-lift fixed wing aircraft of the Philippine Air Force (PAF) blew its tires while attempting to land at Laoag Airport in Ilocos Norte on Friday morning, May 13. NC212i aircraft (File photo of courtesy of Philippine Air Force) Col. Maynard Mariano, PAF spokesperson, said five aircrew were...
Philippine National Bank registered a 57 percent jump in net income for the first quarter of 2022 to P2.81 billion from the P1.79 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said this is primarily due to improved net interest income and...
Philippine Airlines, Inc. (PAL) returned to profitability in the first quarter of 2022, registering an operating income of $33.8 million (P1.7 billion) and net comprehensive income of $22.6 million (P1.2 billion), the flag carrier disclosed Friday, May 13. The last time that PAL registered positive...
The local stock market continued to fall as the better-than-expected economic growth numbers failed to boost investor sentiment. The PSEi slid by 103.56 points or 1.56 percent to close at 6,532.30 points with Property and Banks leading the retreat across the board. Volume improved 1.59 billion...
Real estate giant Ayala Land Inc. is planning to raise up to P33 billion from a planned bond issuance of P22 billion with an oversubscription option of up to P11.0 billion. The proceeds of the proposed bond offering will be used by the firm for refinancing and to fund general corporate...
Philippine Airlines (PAL) will operate additional flights between Manila and Tagbilaran (Panglao) beginning May 17, 2022, and between Manila and Basco (Batanes) by May 20, 2022, the flag carrier announced Thursday, May 12. 83046 From May 17, PAL will increase its Manila-Tagbilaran-Manila services...
Local share prices continued to fall amid uncertainties after Monday’s polls. The PSEi lost 85.07 points or 1.27 percent to close at 6,634.86 as Holding Firms led the retreat although the Services and Mining and Oil counters bucked the trend. A total of 1.92 billion shares worth P6.64 billion...
Representatives from the United States of America (USA) and the European Union (EU) vowed to continue working with the Philippines after observing the recently concluded elections on May 9. Representatives from the European Union (EU) Delegation and embassies of the United States of America (USA),...
PAL looks forward to restore flights to pre-pandemic levels By EMMIE V. ABADILLA Philippine Airlines (PAL) continues to add international and domestic flights to date and as it looks forward to reverting back to prepandemic levels, the flag carrier stated Wednesday, May 11. Before the pandemic, PAL...
J.P. Morgan Global Research has downgraded the Philippines to “underweight” and ranked it last in the order of preference in ASEAN in its equity investment strategy immediately after the conclusion of national and local elections. In its ASEAN Equity Strategy released on May 9, 2022, J.P....
The local stock market ended lower after the elections, although it managed to recover from a much steeper drop in the morning. The PSEi lost 38.97 points or 0.58 percent to close at 6,720.93 after plunging over 200 points to the 6,500 level early in the session. The Mining and Oil counter led the...
After the elections, the PSEi has fallen 89.59 points or 1.33 percent at 6,670.31 as of the noon time break with the Mining sector falling 8 percent. Volume reached P18.66 billion, boosted by a P14 billion block sale of ACEN shares, as losers swamped gainers at 173 to 33 with 37 unchanged.
