The Philippine stock market is seen to weaken further this short trading week as COVD-19 cases continue to surge, sparking talks of the imposition of even more stringent lockdown measures—the government’s main tool in trying to keep infections down. “The local market may decline next week as...
Century Pacific Food, Inc. posted a 24 percent growth in net income to P3.9 billion last year as consolidated revenues improved by 19 percent to P48.3 billion as sales rose when more people ate at home because of COVID-19. In a disclosure to the Philippine Stock Exchange, CNPF cited the...
Metro Pacific Hospitals Holdings Inc. reported that it has vaccinated more than 13,000 healthcare workers in its 18 hospitals since the arrival of the first batches of the Sinovac and AstraZeneca vaccines in the Philippines in early March. The network’s three largest hospitals in terms of...
Airlines have announced they will continue to operate flight schedules as planned. (MANILA BULLETIN FILE PHOTO) Cebu Pacific (CEB) said it will continue to operate its flight schedule, as planned, for the next three days, the airline announced last night (March 21) after the government restricted...
The Philippines’ leading carrier, Cebu Pacific (PSE: CEB) once again transported COVID vaccines to Zamboanga and Tuguegarao on March 10 and 12, respectively. These vaccines are part of the second batch received by both destinations. (MANILA...
Metro Pacific Investments Corporation (MPIC) is aiming to earn P12 billion in core net income this year after registering a 34 percent drop in core profits to P10.2 billion in 2020 due to the economic contraction brought about by the pandemic. “We look forward to the gradual recovery of our...
Cebu Pacific celebrates 25 th anniversary through numerous seat sales This is not a drill! Despite being in the middle of COVID-19 pandemic, local airline company Cebu Pacific is holding its annual P1 fare seat in celebration of its 25 th anniversary. In a media conference held on...
Unfazed by grim prospects for the airline industry this year, Pacific Global One Aviation (PG1), the aviation arm of PLDT, Inc., undertakes a major rebrand for its chartered services to get a piece of the $7 billion market by 2024. The company has set its sights on the medium term and expects the...
Century Pacific Food, Inc. (CNPF) continues to promote unMEAT, its range of 100 percent plant-based meat products, in the hopes of tapping into the food’s growing global market. The firm said in a statement that its new plant-based range is in response to the expandingconsumer preference for...
Cebu Air Inc., the firm behind carrier Cebu Pacific, has set the price range for its planned P12.5 billion rights offering of convertible preferred shares mainly to pay for debt. In a disclosure to the Philippine Stock Exchange, Cebu Air said the offer price range for...
The central bank’s Monetary Board is not expected to move the key rate when it meets for its first policy review for 2021 on Thursday, according to Moody’s Analytics Asia Pacific. “The Philippines’ central bank is expected to keep its key policy rate unchanged at two percent at its...
The domestic airline industry easily lost P60 billion in 2020, but that is not enough to break any of the domestic airline firms although the government is strongly urged to increase their domestic flights and adopt a uniformed national health and safety protocols to reopen aviation safely,...
