The Philippines’ gross international reserves (GIR) or its stock of United States (US) dollars and other foreign currencies, dropped to $105.3 billion at end-July, from $106 billion in June, according to data from the Bangko Sentral ng Pilipinas (BSP). The central bank attributed the slight...
SIA Engineering Company Ltd. (SIAEC), a major aircraft maintenance, repair, and overhaul (MRO) provider in Asia-Pacific, is expanding its presence in the Philippines with its subsidiary beginning operations at the Ninoy Aquino International Airport (NAIA). In a statement on Wednesday, Aug. 6, Ramon...
Global port operator International Container Terminal Services Inc. (ICTSI) continues its growth momentum in the first half of the year, with its net income growing by 15 percent to $483.84 million despite global trade uncertainties. In a disclosure to the Philippine Stock Exchange, ICTSI said its...
The Ninoy Aquino International Airport (NAIA) significantly lowered its overnight parking rates for verified passengers and other legitimate airport users, effective Friday, Aug. 1. In a Facebook post, the New NAIA Infra Corp. (NNIC) said the new parking system aims to enable more efficient...
Razon-led International Container Terminal Services Inc. (ICTSI) has signed an agreement to be the strategic partner for the development and operation of Batu Ampar Container Terminal (BACT) in Batam, Indonesia. In a disclosure to the Philippine Stock Exchange (PSE), the firm said PT Batam Terminal...
Moxy Circuit Makati will soon rise in the heart of Circuit’s 21-hectare development, a premier live-work-play destination dotted with retail and boutique shops, event grounds, green and active lifestyle spaces, and arts and entertainment venues. This bold move was initiated by the partnership...
Flag carrier Philippine Airlines (PAL) will start transferring select turboprop-operated domestic routes from Manila’s Ninoy Aquino International Airport (NAIA) to Clark International Airport (CRK) and Mactan Cebu International Airport (CEB) starting Oct. 26, 2025. To comply with the...
State-run Clark International Airport Corp. (CIAC) has secured more than ₱1 billion worth of investments, positioning the Clark Aviation Capital as a key investment hub. In a statement on Thursday, July 31, the CIAC said it has attracted a total of ₱1.19 billion of investment pledges from...
Chinese Ambassador to the Philippines Huang Xilian underscored the importance of upholding international order and adhering to the United Nations Charter in addressing new challenges and safeguarding the “hard-won achievements” of World War 2. During the celebration of the 98th anniversary of...
Ayala Land Hospitality (ALH), a unit of Zobel-led Ayala Land Inc., has tapped Marriott International to debut Moxy Hotels in the Philippines with the 260-room Moxy Circuit Makati. In a statement, ALH said it has signed an agreement with Marriott to bring its playful, design-forward lifestyle hotel...
Lower interest rates would spur a faster Philippine economic expansion next year, according to the Washington-based multilateral lender International Monetary Fund (IMF). Referring to its latest forecasts for the Philippines contained in the recently published July 2025 World Economic Outlook (WEO)...
Travelers heading to island destinations can still fly out of Ninoy Aquino International Airport (NAIA) after the government pushed back the planned October phaseout of turboprop flights to next year. Based on a document obtained by Manila Bulletin, the Manila Slot Coordination Committee (MSCC) is...
