CAB downgrades fuel surcharges for April as jet fuel prices decline
The Civil Aeronautics Board (CAB) has announced a reduction in fuel surcharges for both passenger and cargo flights for April, citing a drop in jet fuel prices. Effective 1 through 30 April, the surcharge for domestic and international flights will be downgraded from Level 5 to Level 4.
Converge ICT projects continued growth, eyes double-digit revenue increase for 2025
Converge Information and Communications Technology Solutions, Inc. (Converge ICT) is projecting sustained double-digit revenue growth in 2025, fueled by its residential and enterprise segments, as it continues to capitalize on the growing demand for fiber-optic services in the Philippines.
Increased production, gold prices push Apex Mining 2024 income 28% higher
Apex Mining Co. Inc., a publicly listed mining company, announced a strong 28 percent increase in its consolidated net income for 2024, reaching P4.3 billion, compared to P3.4 billion in 2023.
Ayala Corp. secures first yen-denominated loan for $200M
Conglomerate Ayala Corp. has successfully signed its first yen-denominated term loan, totaling approximately USD200 million, or P11.5 billion, marking a significant milestone in its corporate financing strategy.
ROP global bond proceeds help push February BOP into surplus
In a notable reversal, the country's balance of payments (BOP), or what is left after the country's foreign currency denominated obligations are deducted from its earnings, reverted to a surplus of USD3.1 billion in February, contrasting sharply against the USD196 million deficit recorded in the same month last year.
