Transport & Logistics
Philippine Airlines Q3 profit drops 87%, sees challenges in business environment
The Philippine Airlines (PAL) reported a significant drop in net income in the third quarter this year, posting only USD13 million, a sharp 86.7 percent decline from USD98 million in the same period last year.
ICTSI slams Maersk’s legal block on Durban Port deal
International Container Terminal Services Inc. (ICTSI) on Monday expressed strong disappointment over legal action taken by rival Maersk APM Terminals that it claims are hindering efforts to take over the operations of a container terminal in Durban, South Africa.
CICC investigates possible cyberattack targeting GCash accounts
The Cybercrime Investigation and Coordinating Center (CICC) has launched an investigation into a potential organized cyberattack targeting GCash accounts, which led to unauthorized fund transfers over the weekend.
Metro Pacific plans P80B elevated expressway in Jakarta
PT MPT Indonesia Services, a subsidiary of Metro Pacific Tollways Corp. (MPTC), is set to invest P80 billion in the construction of a 21.6-kilometer elevated toll road over the Jakarta Outer Ring Road (JORR).
Globe Telecom plans further capex cuts, eyes revenue growth
Globe Telecom said on Monday that it plans to further reduce its 2025 capital expenditure (capex) to below USD1 billion as part of its ongoing cost management strategy.
