Metro Pacific Investments Corporation (MPIC), now a privately-held conglomerate controlled by tycoon Manuel V. Pangilinan, expects 2024 to be a banner year and sees the company continuing to post all-time high profits in the coming years. In a press briefing, MPIC Chief Finance Officer...
What is the color of paradise? I bet it’s white, the better to set off all other colors, like ruby and sapphire, or maize and sunshine yellow, or the green of young leaves with dewdrops sliding off them, or the sparkle in your lover’s eyes. But white is the color of paradise in Cebu’s...
Cebu Pacific Air, the Philippines’ leading carrier, has launched its seventh direct domestic destination from its Clark hub to Tagbilaran to make the island province of Bohol more accessible to travelers from north and central Luzon. In a statement, the airline said that starting Oct. 21, 2024,...
A Philippine Air Force (PAF) FA-50 fighter jet takes off for the Iron Blade exercise. (Photo: PAF) Following its participation in the “Pitch Black” Exercise in Australia, the Philippine Air Force (PAF) continued to hone the skills of its pilots as it teamed up with the United States Pacific Air...
Vice President Sara Duterte led the greetings for the Association of Southeast Asian Nations (ASEAN) Day as she, along with foreign ambassadors, lauded the regional bloc for its role in bringing peace and prosperity in Southeast Asia. (Photo from US Ambassador to the Philippines MaryKay...
Property giant Ayala Land Inc. (ALI) is talking to other domestic airline companies for the sale of its investment in AirSWIFT, although negotiations with Cebu Pacific Air is "progressing." In an interview, ALI Executive Director and Head of Leasing and Hospitality Mariana Zobel de Ayala said that,...
Cebu Air Inc., the Philippines’ leading carrier operating as Cebu Pacific Air, reported a 5.4 percent dip in its net income for the first half of 2024 to P3.55 billion from the P3.75 billion earned in the same period last year mainly due to lower tax benefits. In a disclosure to the Philippine...
Century Pacific Food Inc. (CNPF), the Po family’s food and beverage business, said its earnings improved by 14 percent to P3.6 billion in the first half of 2024 from P3.2 billion in the same period last year as commodity costs eased. In a disclosure to the Philippine Stock Exchange (PSE), the...
Cebu Pacific Air, the Philippines’ leading carrier, has launched another seat sale for August, allowing travelers to book value-for-money flights ahead of the holiday season. From Aug. 7 to 12, 2024, passengers may book flights to select domestic and international destinations for as low as...
Cebu Pacific Air (CEB), the Philippines’ leading airline, reported the restoration of its international flights from Davao and launched additional domestic routes from the largest city in Mindanao. Starting Oct. 28, 2024, CEB will operate direct flights between Davao and Bangkok-Don Mueang three...
Del Monte Pacific Limited’s (DMPL) US subsidiary Del Monte Foods Inc. (DMFI) and certain of its existing lenders completed a new financing arrangement for up to $240 million. In a disclosure to the Philippine Stock Exchange (PSE), DMPL said this new arrangement involves a new term loan...
Cebu Pacific Air (CEB), the Philippines’ leading carrier, reported that it has received the delivery of three aircraft in quick succession so it can further boost its operational resilience and meet the resurgent demand for air travel. In a statement, the airline said the newly accepted aircraft...
