Kuala Lumpur, Malaysia — AirAsia Philippines is increasing its current fleet from 14 to 24 aircraft, expecting to double its passenger load as it re-starts more international routes in 2023. The budget airline will receive 10 additional aircraft this year to boost both passenger and cargo...
Big banks in the country remained well-capitalized despite the prolonged pandemic-induced crisis, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin E. Diokno said that big banks’ capital adequacy ratio (CAR), a measure of lenders’ solvency, improved to 17.6 percent in the first...