As the pace of recovery from the pandemic quickens, the International Air Transport Association (IATA) upgraded its 2022 financial outlook, reducing the airline industry's expected losses to $9.7 billion, from $11.6 billion in its October 2021 forecast, a net loss margin of -1.2 percent. This is a...
PLDT Inc. expects another breakout year for its Enterprise business as the economy opens up following the COVID-19 pandemic. 77489 “We anticipate Enterprise revenues would grow on the back of the gradual reopening of businesses and opportunities to serve the needs of global hyperscalers with our...
Despite external risks, the Philippines’ recovery is expected to gain traction this year as pandemic restrictions eased, allowing for more economic activities, the Asian Development Bank (ADB) said. In the Asian Development Outlook 2022 report released on Wednesday, April 6, the Manila-based...
73681 Cebu Pacific was in the red by P24.9 billion for full year 2021 as it weathered through the COVID-19 pandemic but remained optimistic it can recover to pre-covid domestic capacity levels by second quarter,2022. New COVID-19 variants emerging and re-imposition of lockdowns last year pulled...
NEDA sees P9.4-B in weekly gains from Alert Level 1 By Chino S. Leyco The economy is estimated to gain an additional P9.4 billion per week as the country continues to move towards the new normal, the National Economic and Development Authority (NEDA) reported. During President Duterte’s Talk to...
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...
