ZAMBOANGA CITY – A Cebu Pacific flight which took off for Tawi-Tawi province on Sunday, June 29, returned to the Zamboanga International Airport (ZIA) here seconds after takeoff due to unsettling mechanical sounds heard by passengers on board the aircraft. Passengers reported hearing loud banging...
While the Philippine peso is expected to weaken further due to pressure from the latest central bank easing and ongoing Israel-Iran tensions, the University of Asia and the Pacific (UA&P) has projected that second-quarter economic growth accelerated faster than in the first quarter on still-tame...
Cebu Pacific (CEB) announced on Tuesday, June 24, that all its flights to and from Dubai will continue to operate as scheduled, assuring passengers that its flight routes do not traverse conflict-affected areas in the Middle East. Despite continuing operations, the Gokongwei-led airline stated that...
The negotiations and discussions involving the Reciprocal Access Agreement (RAA), the Acquisition and Cross-Servicing Agreement (ACSA), and the Agreement on the Security of Information will take the partnership of the Philippines and Japan to a “higher level” as both countries aim to ensure the...
The peso dropped to the ₱57 level against the United States (US) dollar on Thursday morning, June 19, ahead of the expected Bangko Sentral ng Pilipinas (BSP) interest rate cut later in the day. According to the Bankers Association of the Philippines (BAP), the local currency opened at ₱57.1,...
The Aurora Pacific Economic Zone and Freeport Authority (APECO) has secured additional land to develop an existing airstrip into a commercial airport, providing investors direct access to the ecozone. In a statement, APECO said it has sealed an agreement with the Chua Cham family to acquire 12...
Low-cost carrier Cebu Pacific has signed new agreements with foreign aviation companies covering operations and maintenance, as the airline prepares to expand into new domestic and international destinations. In separate statements on Tuesday, June 17, the Gokongwei-led airline announced that it...
Po-led Century Pacific Food, Inc. (CNPF), one of the leading food companies in the Philippines, has renewed its five-year coconut water supply agreement with The Vita Coco Company, Inc., valued at approximately ₱14 billion. In a disclosure to the Philippine Stock Exchange, CNPF stated that the...
A Cebu Pacific flight from Manila to Zamboanga City received a bomb threat onboard the aircraft on Saturday, June 14. The Civil Aviation Authority of the Philippines (CAAP) reported that a cabin crew member conducting routine inspection of Cebu Pacific flight 5J851 after landing at the Zamboanga ...
The Philippine Army (PA) advised the public on Saturday, June 14, not to be alarmed when they see military trucks traveling in north Luzon. The troop mobilization is part of a bilateral large-scale logistics training between the armies of the Philippines and the United States, according to PA...
Gokongwei-led Cebu Pacific is on track to surpass its record-high passenger volume from last year, as passenger traffic remains robust, with the low-cost carrier posting a 22-percent increase in May. In a statement on Friday, June 13, the airline reported carrying 2.44 million passengers last...
Netherlands-based financial giant ING does not expect the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the upcoming monetary policy meeting, citing below-target inflation and a continued appreciation of the peso. These factors, coupled with “high real rates, and uncertainty over...
