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Thursday, 15 May 2025, 5:38 pm

    Transport & Communications

    Regulator pauses fleet cut, giving Move It and 14,000 riders economic reprieve

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    The motorcycle taxi industry breathed a sigh of relief after Transport Secretary Vince Dizon announced a temporary suspension of a regulatory order that threatened the livelihoods of thousands of drivers under Move It.

    Vehicular accident at NAIA Terminal 1 Departure Area

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    A vehicular accident occurred earlier today at the departure level of NAIA Terminal 1, where initial reports indicate that a vehicle crashed through the outer railing and into the walkway near the terminal entrance.

    NNIC removes 27 abandoned aircraft in NAIA cleanup

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    The New NAIA Infrastructure Corp. (NNIC) is launching a long-overdue cleanup operation at Ninoy Aquino International Airport (NAIA), targeting 27 abandoned aircraft that have clogged the general aviation area for years.

    LTFRB orders swift payouts after deadly Tarlac crash; legal, insurance fallout underway

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    The Land Transportation Franchising and Regulatory Board (LTFRB) has directed the Passenger Accident Management and Insurance Agency (PAMI) to immediately process and release insurance claims for victims of the recent multi-vehicle crash involving a Dagupan Bus unit operated by Solid North.

    DPWH fast-tracks Bucana Bridge completion

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    The Department of Public Works and Highways (DPWH) announced on Friday that the ₱3.12-billion Davao River (Bucana) Bridge Project is on pace for early completion by November this year, ahead of its original late-2025 target, marking a key milestone in the government’s flagship infrastructure initiative.
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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    PLDT 1Q profit slips 8% on softer market, but core business hold steady

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    Telecom giant PLDT Inc. reported an 8 percent year-on-year decline in net income for the first quarter of 2025, as a softer market environment weighed on overall profitability. The company posted a net income of ₱9.02 billion for the January–March period, down from ₱9.82 billion in the same quarter last year.
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    Cebu Pacific flies 2.3M in April as travel demand soars

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    Cebu Pacific on Thursday reported an 18.3 percent year-on-year increase in passenger traffic for April 2025, carrying 2.3 million travelers, underscoring sustained demand for air travel and bolstering the Gokongwei-led carrier’s post-pandemic recovery trajectory.
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    Filinvest posts P3.6B Q1 profit on broad-based growth

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    Filinvest Development Corp. (FDC) reported a 25 percent increase in net income to ₱3.6 billion in the first quarter of 2025, up from ₱2.9 billion in the same period last year, as all major business units—from banking to sugar milling—posted solid performance, the company said Wednesday.
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