JG Summit Holdings, Inc., the highly-diversified flagship of the Gokongwei group, reported a 98 percent fall in core net income to P450 million last year mainly due to the losses of its airline and petrochemicals businesses during the pandemic. In a disclosure to the Philippine Stock Exchange, the...
Toyota Motor Philippines (TMP) has tied up with a Cebu-based taxi service company to modernize public utility vehicle in the country’s second largest economic hub. In a statement, TMP said it partnered with Ogre Transport Inc., a Cebu-based taxi service company, and the Land Transportation...
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...
DITO Telecommunity, the country’s third player, could boost the information technology-business process management (IT-BPM) services sector of Cebu. This was the pronouncement of the Department of Information and Communications Technology Visayas Cluster 2 (DICT VC2) last night (March 18). "The...
Get the facts straight about the first recorded voyage around the world EXPLORER EXTRAORDINAIRE Portrait of Ferdinand Magellan We all know Ferdinand Magellan as the first-ever explorer to travel around the globe. But do we really know his story? In commemoration of the 500th year since Magellan...
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...
Cebu Landmasters Inc. (CLI) recently announced the 2021 rollout of its flagship economic housing brand Casa Mira in four more key cities in the Visayas-Mindanao region as the response to the massive demand for safe and secure value housing heightened by the pandemic. A study from Leechiu Property...
Goat meat is an underrated source of protein, even in a country that loves its kalderetang kambing. In Sibonga, Cebu, you’ll find a 580 square meter farm that serves as one of the community producers of goat meat. For Hassan Basanon, 35, a senior manager in a Business Processing Outsourcing...
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...
Third player DITO Telecommunity Corporation today (March 2) announced it will be commercially operational in 15 areas in Metro Cebu and Davao on Monday, March 8. The telco's service will launch its service in ten Metro Cebu areas: 1. Carcar, 2. Cebu City,3. Consolacion, 4. Danao, 5. Liloan, 6....
Trading at the stock market this week is seen to be volatile due to a confluence of factors including earnings reports from some blue chip companies. Photo credit: https://www.pse.com.ph “A shortened trading week (EDSA Revolution Anniversary on February 25) interspersed with earnings...
Cebu Air Inc., the firm behind carrier Cebu Pacific, has set the final price range for its planned P12.5 billion rights offering of convertible preferred shares at P38.00 per entitlement right. In a disclosure to the Philippine Stock Exchange, Cebu Air said it is offering 328.95 million...
