Amidst the continuing COVID-19 crisis, the airline industry expects to lose $201 billion for 2020-2022, the International Air Transport Association (IATA) announced at the opening of its Annual General Meeting on Thursday, Oct. 4, 2021. iata Already, these are "improved" projections with net...
AirAsia_2020_01_22_12_45_27 Air Asia Philippines expects to recover 100% of its domestic flight frequencies between April to May 2022 although its international frequencies won't be back to pre-covid levels until late 2023, CEO Ricky Isla announced in today's (Sept. 29) virtual briefing. "The...
Aboitiz Construction, Inc. (ACI) is implementing its ‘Big Shift Strategy’ this 2021 to secure more projects and boost its finances. cropped-45th-Anniversary-CoBranding-Logo “Despite the challenges, our Big Shift strategy is materializing to create long term value for our stakeholders,” said...
Most Filipino online shoppers, two out of three, prefer to use e-wallets to pay for their purchases and mobile payment transactions are expected to grow ninefold. 05-1280x720 This was according to the most recent Online Payment Sentiments survey of Vesta, the end-to-end transaction guarantee...
The biggest crisis in the history of tourism continues into a second year and international travel remains on hold todate, according to the latest data from the United Nations World Tourism Organization (UNWTO). The emergence of COVID-19 variants and the continued imposition of restrictions are...
Socioeconomic Planning Secretary Karl Kendrick Chua on Thursday, August 26, expressed optimism that the Philippines' economy will recover to a pre-pandemic level late next year or in early 2023. NEDA Secretary Karl Kendrick Chua (Malacañang Photo) During the first hearing of the House Committee...
The Delta variant-driven lockdowns imposed to curb the spread of the virus triggered the Development Budget Coordination Committee (DBCC) to significantly slash its economic growth outlook for the year. The DBCC, an inter-agency body tasked to set the country’s macroeconomic targets, further...
The Asian Development Bank (ADB) maintained its growth forecasts for the Philippines despite the resurgence of coronavirus infections in Southeast Asia that also posed a threat in the local economy. ADB HQ In its Asian Development Outlook Supplement released Tuesday, July 20, the ADB said it is...
Despite the challenges of the pandemic, Philippine Telegraph and Telephone Corp.(PT&T)'s subscriber base grew 15 percent in 2020, pushing its year-on-year revenue up eight percent to P408 million. PT&T also managed to cut down its losses by 40 percent, from P49.5 million in 2019 to P27.5...
While virtual meetings could take the place of business travel and the sector may not recover from the pandemic until 2024, airlines will survive, according to Moody's. This was the gist of the latter's newest Sector-In-Depth report: “Airlines – Global: Business travel faces higher substitution...
