Transport & Communications
NLEX spending P8 billion to boost traffic flow along network of expressways
NLEX Corp. is investing more than P8 billion into expanding its network of expressways to improve traffic flow and connectivity.
DITO narrows net loss in 2023 on strong revenue growth
DITO CME Holdings Corp., the telecom venture of Davao-based businessman Dennis Uy, said Thursday it narrowed net loss to P19.60 billion last year from P25.64 billion in 2022 as gross revenue rose faster than operating and other expenses.
Anticipated operating expense hikes push PAL 1Q income 25% lower to $81 million
Philippine Airlines (PAL) on Thursday reported comprehensive income dropping 25 percent to USD81 million in the first three months this year from USD108.2 million in the same period in 2023.
MPTC seen rounding Jasamanga transaction in three months
Metro Pacific Tollways Corp. (MPTC) anticipates completing its acquisition of a 35 percent stake in an Indonesian state-owned toll road operator by July or August this year.
Construction begins at Davao’s P19-billion SIDC project
The Department of Public Works and Highways (DPWH) on Wednesday said it has started the construction of the P19 billion Samal Island-Davao City Connector (SIDC) project.
