Transport & Communications
DITO CME delays capital-raising exercise on investor requests; still offering common shares
DITO CME Holdings Corp., the telecommunications branch of Davao-based entrepreneur Dennis Uy, on Monday announced deferring its capital-raising initiative in response to requests from potential investors. The company also acknowledged waiting for better market conditions.
Cebu Air buys AirSwift from Ayala Group for P1.75 billion
Cebu Air Inc., the airline unit of the Gokongwei Group that operates budget carrier Cebu Pacific, said it has signed a deal with ALI Capital Corp. to acquire AirSwift Transport Inc. for P1.75 billion in cash.
Globe boosts agri-businesses, tourism in Bukidnon with new tower, site upgrades
Globe further strengthens its commitment to enhancing connectivity in Mindanao, building a new tower in Malaybalay City and upgrading 16 sites across Bukidnon.
PLDT commits full internet access at state schools next year
PLDT targets to provide full internet connectivity across all state universities in the Philippines by 2025.
Manila subway project digs 5-km tunnel thus far
The Metro Manila Subway project, which has dug some five kilometers of the tunnel thus far, projects partially opening the 33-kilometer line from Valenzuela City to North Avenue in Quezon City in 2028, the Department of Transportation said over the weekend.
