Transport & Communications
MPIC shelves tollway stake sale, eyes other funding avenues to cut debt
Metro Pacific Investments Corp. (MPIC) has decided to abandon its planned sale of a 20 percent stake in Metro Pacific Tollways Corp. (MPTC), signaling a strategic shift toward alternative capital-raising efforts to manage its debt load.
Singapore-Manila route hit as Jetstar Asia closes
Jetstar Asia (3K) has announced it will wind down operations and permanently cease flights by 31 July 2025, citing unsustainable cost pressures and intense regional competition.
LTFRB suspends 15 Florida Buses over highway racing incident
The Land Transportation Franchising and Regulatory Board (LTFRB), under the Department of Transportation (DOTr), has imposed a 30-day suspension on 15 Florida Bus Co. buses after their drivers were caught racing on the National Highway in Cagayan on June 8, 2025—a dangerous act that went viral on the internet.
Telcos petition for fair play under Konektadong Pinoy Act
Telecommunications giant PLDT Inc. and industry group Philippine Chamber of Telecommunications Operators (PCTO) have called for a review of the proposed Konektadong Pinoy Act (KPA), urging lawmakers to ensure a fair and secure competitive environment.
DITO CME capital deficit widens amid network rollout
DITO CME Holdings Corp., the telecommunications venture of Davao-based businessman Dennis Uy, said its capital deficiency widened to P78.04 billion at the end of March from P73.39 billion at the end of 2024 as losses continue to mount.
