Cebu Pacific net profit fell in 1Q, hurt by fleet expansion cost
Cebu Pacific, the budget carrier brand of the Gokongwei Group’, saw net income in the first quarter drop 78 percent to P466 million, dragged down by higher fleet and financing costs related to its fleet and route expansion.
ACEN Australia secures access rights to energy zone
ACEN Corp., the green energy arm of the Ayala Group, said its wholly-owned unit, ACEN Australia, has secured access rights to the Central West-Orana Renewable Energy Zone (CWO REZ) for projects in New South Wales, which includes power generation from solar and wind energy.
Top Line’s P732.6-M IPO signals new era for regional firms
The Investment & Capital Corporation of the Philippines (ICCP) has hailed the successful initial public offering (IPO) of Cebu-based Top Line Business Development Corp., calling it a milestone for regional business growth and capital markets in the Philippines.
EU steps forward as U.S. reassesses global trade role
The 55th WTCA Global Business Forum (GBF), hosted jointly by the World Trade Centers Association and WTC Marseille Provence, ignited critical discussion on global trade dynamics, with the European Union’s evolving role taking center stage amid shifting U.S. trade policy.
SWS Poll: 4Ps, ACT-CIS frontrunners in party-list race
A Social Weather Stations poll, commissioned by Stratbase Group, revealed 4Ps and ACT-CIS leading party-list preferences just before elections. Conducted May 2-6 with 1,800 respondents, 4Ps topped with 7.67%, followed by ACT-CIS at 6.63%. Duterte Youth dropped to third with 5.88%, while Solid North Party rose to fourth (3.65%). LPGMA significantly jumped to fifth (3.04%), with Senior Citizens (2.69%), Ako Bicol (2.44%), Tingog (2.35%), FPJ Panday Bayanihan (2.14%), and Nanay (1.92%) rounding out the top ten.
