Tag page - bankruptcy

P3PWD Party-list nominee Rowena Guanzon believes that the 1986 EDSA People Power revolution saved the Philippines from severe bankruptcy. P3PWD Party-list nominee Rowena Guanzon (Facebook) The outspoken Guanzon shared this opinion on Twitter Saturday, Feb. 25, or on the 37th anniversary of the...

Malacañang has underscored the importance of keeping the financially beleaguered Philippine Airlines (PAL) "in the air" amid the coronavirus disease (COVID-19) pandemic. (Photo from PAL Facebook page) Presidential Spokesperson Harry Roque said in a virtual press briefing Monday, Sept. 6 that the...

Senator Nancy Binay on Monday, September 6, said the government should help the nation’s flag carrier, Philippine Air Lines (PAL), weather through its financial setbacks by setting in place mechanisms to alleviate their circumstances while they go about their restructuring plans....

Philippine Airlines Inc. (PAL) has filed for bankruptcy in the US and will do a parallel filing in the Philippines as part of its restructuring plan to slash over $2.0 billion off its debts, the flag carrier this morning (September 4) announced. PAL's major stockholders, along with "substantially...