Budget carrier flies to international destinations direct from provincial capitals
Cebu Pacific is fortifying its provincial hubs with the launch of the Davao to Hong Kong route and restoring direct flights from Iloilo to Singapore.
Globe takes out P22 billion from lenders for refinancing, network upgrade
Globe Telecom Inc. on Friday reported taking out a P22 billion loan from local banks to finance network upgrades and to restructure existing debt.
PAGCOR gross gaming revenue surges in 1H on gains from e-games
The Philippine Amusement and Gaming Corp. has reported a 25 percent increase in gross gaming revenue in the first half of 2024, reaching a total P170.93 billion. The surge in gaming revenue was traced to significant growth in betting activities on electronic games, which more than compensated for declines in casino and bingo revenue.
BSP delivers first interest rate cut since pandemic
The Bangko Sentral ng Pilipinas cut its target reverse repurchase rate by 25 basis points to 6.25 percent, underscoring the monetary authority’s confidence that headline inflation is on a downward trajectory despite the spike in July.
ERC relents on genco pass on costs, signals consequent charge/unit rate adjustments
The Energy Regulatory Commission (ERC) on Thursday announced authorizing the Manila Electric Co. (Meralco) to collect on behalf of power generation companies or gencos so-called pass-on costs that have been denied the industry for some time, compelling some of the more heavily affected companies to seek prompt redress of their grievances.
