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...
German Defense Minister Boris Pistorius arrived in Manila for a “historic first” visit to discuss defense and security ties and underscore the strength of the two countries’ relationship. German Defense Minister Boris Pistorius (Photo from German Ambassador Andreas Pffafernoschke via...
The $500-million military financing pledged by the Untied States to the Philippines would definitely give the country’s defense posture a big boost, especially in defending its territory and maintaining peace in the Indo-Pacific region, Sen. Juan Miguel “Migz” Zubiri said. In welcoming...
Cebu Pacific Air, the Philippines’ leading carrier, resuming direct flights between Iloilo and Hong Kong in October for a faster and more affordable way for Ilonggo travelers to visit one of Asia’s popular shopping and foodie haven. In a statement, the airline said that, starting October 27, it...
DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan or the MVP Group, has sealed separate agreements to acquire a 10 percent interest in Bayad Center and 100 percent of Multipay Corporation for a yet undisclosed amount. "Having both online and offline solutions, Bayad and...
The PEGASE mission, an annual French Air and Space Force-led deployment in the Indo-Pacific, has arrived in the Philippines, the French Embassy announced. France's Rafale fighter jets (Photo from French Embassy in the Philippines) "The #PEGASE24 mission has arrived at the Clark...
