Top News
Cebu Pacific navigates rough skies: Q3 losses weighed down by costs, but revenue soars 11%
Cebu Air, Inc., the parent company of Cebu Pacific, reported net income of P3.4 billion in the first nine months of 2024, down 33 percent from the same period last year.
Globe prepares for Typhoon Ofel amid ongoing storm recovery efforts
Globe Telecom is on high alert as Typhoon Ofel threatens to cross Luzon, prepositioning essential supplies and personnel in affected areas. With backup power generators and batteries in place for potential outages, the company is ensuring its network resilience and quick restoration in the face of severe weather.
Meralco power rates up in November on weaker peso
Manila Electric Co., the country’s largest power disturber better known as Meralco, on Tuesday said power rates in November will be higher as generation charge increased due primarily to a depreciation of the peso against the U.S. dollar.
BSP orders GCash to resolve unauthorized deductions
The Bangko Sentral ng Pilipinas (BSP) has intervened in the ongoing issue of unauthorized deductions from GCash accounts, directing G-Xchange, Inc. (GXI) to swiftly address the problem and expedite refunds for affected users.
Foreign fund managers prefer equity over other forms of investment – data
Foreign direct investment (FDI) in the Philippines showed a decline of 14.5 percent year-on-year in August 2024, totaling USD813 million in net inflows, compared to US$951 million in August 2023, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).
