The Aurora Pacific Economic Zone and Freeport Authority (APECO) is in talks with one of the country’s largest power utilities to secure the electricity required to attract investments in data centers. APECO President and Chief Executive Officer (CEO) Gil Taway IV said he is in advanced...
Airlines in the Asia-Pacific region recorded a nearly 70 percent surge in net profits in 2025 amid sustained demand for air travel, providing carriers with financial cushion to manage rising operational expenses this year. In its latest report, the Association of Asia Pacific Airlines (AAPA) noted...
The Department of Tourism (DOT) is strengthening its “Discover More to Love” campaign to encourage Filipinos to rediscover destinations across the country, with Cebu Pacific backing the effort through low fares and wider connectivity. Spearheaded by Tourism Secretary Dita Angara-Mathay, the...
Aurora Pacific Economic Zone and Freeport Authority (APECO) is proposing the development of a railway project across Luzon that would provide a direct link between the Casiguran, Aurora province-based ecozone and the Luzon Economic Corridor (LEC). APECO President and Chief Executive Officer (CEO)...
The country’s economic recovery and its currency face prolonged pressure as escalating political instability from the Senate impeachment trial of Vice President Sara Duterte risks stalling economic reforms, according to Dutch financial giant ING. Deepali Bhargava, ING’s regional head of...
Low-cost carrier Cebu Pacific is leasing one of its Airbus A320neos to Vietnam’s flag carrier, Vietnam Airlines, looking to capitalize on the third-quarter lean season to secure additional revenue stream. In a statement, Cebu Pacific said it signed a wet lease agreement with Vietnam Airlines to...
Low-cost carrier Cebu Pacific is banking on the steady decline in jet fuel prices to propel passenger volume growth in the second half of the year, as it nears the halfway mark of its 30-million annual passenger target. In a disclosure to the Philippine Stock Exchange (PSE), Cebu Pacific reported...
The Philippines is the ninth most earthquake-prone country in the world, according to a study by UK-based consultancy Utility Bidder. The ranking underscores the country’s constant exposure to seismic activity and the importance of earthquake preparedness. The Philippines ranks among the...
Gokongwei-led Cebu Pacific will become the first low-cost carrier in Southeast Asia to equip its fleet with SpaceX’s Starlink satellite internet, part of a massive joint order by the global budget airline investor to bring high-speed Wi-Fi to more than 1,000 aircraft. In a statement on Tuesday,...
Del Monte Pacific Limited has defended its financial solvency to Singapore’s independent market regulator, maintaining that its underlying operations remain viable despite severe capital deficits and cash constraints at the holding-company level. The Singapore Exchange Regulation (SGX RegCo)...
Manila remained the cheapest city in Asia-Pacific for the wealthy to maintain a luxury lifestyle in 2026, even as the cost of living well surged worldwide amid sharp currency swings and higher prices of premium goods. In its Global Wealth and Lifestyle Report 2026 published last Tuesday, July 7,...
The Philippines, through the Department of Foreign Affairs (DFA), on Wednesday, July 8, called on concerned parties to exercise restraint and promote transparency after China launched an unarmed ballistic missile from a submarine into the Pacific Ocean during a military exercise. In a statement,...
