DITO Telecommunity claimed it remained a viable and sustainable business despite its majority shareholder, DITO Communications Media and Entertainment (DCME) deferment of an P8-billion stock rights offering (SRO) to fund the telco's expansion. DITO Telecommunity Chief Administrative Officer, Atty....
The ASEAN+3 Macroeconomic Research Office (AMRO) expects the Philippine economy will grow at a much slower pace this year after the highly transmissible Omicron variant rattled the services sector’s recovery. In its ASEAN+3 Regional Economic Outlook released on Tuesday, Jan. 25, the regional...
Despite the challenges of the pandemic surge, Olivia V. Yanson, the matriarch of the family-owned Yanson Group of Bus Companies, sees a better transport business in 2022 as she led the annual election of their subsidiary, Southern Star Bus Transport Inc. (SSBTI). SOUTHERN STAR BUS TRANSIT INC_ For...
Dubai-based Emirates remains gung-ho about getting back on the black this year after bleeding $1.6 billion in the first half of its 2021-2022 financial year and $3.4 billion in the comparative period in 2020. "Despite the recent rise of the Omicron variant and the slight slowdown it brought to our...
AirAsia Philippines 2022 Outlook AirAsia Philippines is "highly optimistic" that more Filipinos will travel in 2022 and is expanding its domestic routes from 14 to 18 this year as well as its regional routes, exploring opportunities in the Middle East, United States and Australia. "Domestic tourism...
Telcos seen to continue higher revenue haul in 2022 media The future remains stable for local telcos as the continuing pandemic boosts data consumption and broadband use, ensuring they haul in higher revenues. And this despite the decline in legacy voice and messaging services, both of which now...
Malacañang has trumpeted the indicators of the Philippines' strong economic performance amid its recent successes against the coronavirus disease (COVID-19). (Shivendu Shukla/ Unsplash) In a recent virtual press conference, Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles...
86207658-56E7-4604-A1A0-E340CC9303B6 AirAsia Philippines is banking on “revenge travel” for a very strong 2022 recovery, says its spokesperson Steve Dailisan. People now have the confidence to plan for their future trips as reflected in the forward bookings from 31-120 days, he said. "This...
And the promising projections keep coming for the Philippines. Cabinet Secretary Karlo Nograles (Screenshot from Facebook live) Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles reported on Tuesday, Dec. 7 that New York-based think tank Global Source Partners has pegged the...
ym-cebupacific-180520-e1615967991784-1 Cebu Pacific (CEB) is currently flying at 60 percent of its pre-pandemic domestic passenger capacity and remains "cautiously optimistic" for 2022. CEB's Head of Strategy Alex Reyes said during a virtual briefing Tuesday, Dec. 7, that recovery for international...
President Duterte expressed confidence that the Philippine economy can bounce back next year owing to the glowing outlook that global investment banking firm Goldman Sachs has for the country. President Rodrigo Duterte (Malacañang photo) Duterte said that according to Sachs, the Philippines "is...
The outlook for air cargo in the short and long-term remains strong, International Air Transport Association (IATA) Global Head of Cargo Brendan Sullivan announced in the 14th World Cargo Symposium (WCS), which opened Oct. 12, 2021. iata-1 "Looking towards the future, the outlook is strong. We need...
