Cebu Pacific swings to 1Q net loss on weak peso, higher fuel costs
Cebu Pacific reported a net loss of P400 million in the first quarter of 2025, reversing the P466 million profit it posted in the same period last year, as the airline was hit by a weaker peso and rising jet fuel prices.
Ayala Q1 profit flat as property business slows
Ayala Corporation on Wednesday reported nearly flat earnings in the first quarter as weaker property sales at Ayala Land, Inc. weighed on overall results.
DICT: Two US satellite firms to launch in PH this year
The Department of Information and Communications Technology (DICT) said Wednesday two US-based satellite internet providers are expected to begin operations in the Philippines within the year, signaling a major push to improve internet access and lower connectivity costs nationwide.
Globe restores services after fiber cuts disrupts Metro Manila network
Globe Telecom said it has fully restored mobile and broadband services in Metro Manila and parts of Luzon after a major network disruption caused by multiple fiber optic cable cuts on May 12.
FinVolution launches luvit Card for Filipino consumers
FinVolution Group is making its mark in the Philippines with the launch of the luvit Card, an installment-enabled payment solution designed to make everyday spending more flexible and accessible for Filipinos.
