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NEDA seen greenlighting Aboitiz unit’s airport upgrade proposal

Transport & Logistics Context.ph Context.ph -
The Department of Transportation (DOTr) on Wednesday bared optimism the National Economic and Development Authority (NEDA) will approve the modernization of three regional airports...

Jollibee income falls 10% Q1

Corporate Context.ph Context.ph -
Jollibee Foods Corp., the country’s largest fast food company, reported net income falling more than 10 percent in the first quarter to P2.06 billion...

Megaworld 1Q income rises 30% to P4.6 billion

Corporate Context.ph Context.ph -
Megaworld Corp. on Wednesday reported net income of P4.6 billion in the first quarter of the year, 30 percent higher than last year’s P3.5...

PAL acquiring 9 new aircraft from Airbus

Transport & Logistics Context.ph Context.ph -
Philippine Airlines (PAL) is acquiring nine A350-1000 aircraft from Airbus for an estimated $3.2 billion.  The Lucio Tan-led airline on Wednesday signed a memorandum of...

PPA remits P4.44 billion as dividend to Treasury

Corporate Context.ph Context.ph -
The Philippine Ports Authority (PPA) on Wednesday remitted P4.44 billion to the national government last year, up 9 percent  from P4.08 billion in 2021.   "The...
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Oil surge rattles peso, tests policy

Energy & Mining 0
The Philippine peso is back under pressure as surging oil prices and geopolitical strains jolt global markets, sharpening the policy dilemma for the Bangko Sentral ng Pilipinas (BSP).

Maharlika Fund eyes Iligan steel revival

Trade & Investments 0
The Philippine government is weighing the use of the Maharlika Investment Corporation to jump-start the redevelopment of the long-idle former National Steel Corporation (NSC) site in Iligan City, a 500-hectare property seen as a potential anchor for a new industrial and investment hub.

Manufacturers hold prices amid Middle East tension

Economy 0
Manufacturers of basic goods have pledged to keep prices steady for at least 30 days, cushioning consumers from global volatility fueled by ongoing Middle East tensions.

Gov’t to buy 2 barrels of oil to boost national supply

Economy 0
The Philippine government is set to purchase 2 million barrels of oil to strengthen the country’s fuel buffer stock, Department of Finance Secretary Frederick Go announced Tuesday.
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