Cebu Pacific, the budget carrier of listed Cebu Air Inc. of the Gokongwei Group, said Friday it was informed by Pratt and Whitney of a condition that will affect the maintenance of engines that power its Airbus A320/321 NEO fleet, a development that will undermine its growth prospects next year.
The Bureau of the Treasury seeks to raise P45 billion for budget support through the auction of Treasury bills and bonds next week in the face of inflation concerns due to rising cost of food and fuel.
The Department of Information and Communications Technology said Friday it started to monitor online applications and platforms, including government apps and business platforms like Lazada and Shoppee, to ensure consumer protection and efficient service.
Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. has administered the oath of office to new member of the Monetary Board (MBM) Romeo L. Bernardo in a ceremony held on Thursday at the BSP head office in Manila. MBM Bernardo will have a six-year term starting 14 September 2023.
The potential for the Philippines to top China as the world's largest rice importer has scandalized local farm groups who said on Thursday this was not something to be proud of.
Aboitiz InfraCapital Inc. (AIC) and the Municipality of Panglao are exploring closer coordination to improve the visitor experience in one of Bohol’s busiest tourism destinations, building on upgrades at Bohol-Panglao International Airport (BPIA).
Mynt Inc., the parent firm of leading digital wallet GCash, has fixed its final offer price for the initial public offering (IPO) at P6.60 per common share.
Former Prime Minister and Finance Minister Cesar E.A. Virata, a towering figure in Philippine economic life whose career spanned government, academe and business, died Friday of natural causes at 95, his family announced.
PLDT Inc. on Friday announced completing the purchase of the remaining 65.1 percent stake in Radius Telecoms Inc. and taking full control of the connectivity provider. With the deal finalized, PLDT now holds 100 percent of all issued and outstanding shares of Radius.