Transport & Communications
Cebu Pacific traffic dips in October on capacity shift
Cebu Pacific, budget carrier brand of listed Cebu Air Inc., the airline unit of the Gokongwei Group, flew 2.1 million passengers in October, down 1 percent from the same month in 2024, as the airline continued to juggle capacity constraints, supply chain issues, and weather disruptions ahead of the peak travel period.
MPTC faces gigantic debt load, eyes private placements to stay on track
Metro Pacific Tollways Corp. (MPTC), operator of major expressways in the Philippines, Indonesia and Vietnam, is confronting what its leadership calls a “gigantic debt burden” as it looks to raise fresh funds to pay down what could reach up to ₱200 billion in obligations.
LRT-1 operator hopes to convince MVP not to sell stake amid financial strain
The Light Rail Manila Corp. (LRMC), the private operator of LRT-1, says it will try to dissuade its chairman, Manuel V. Pangilinan (MVP), from selling the company’s stake after the government rejected its request for a fare increase.
PH remains key global source of skilled seafarers
ATPI, a global marine travel and logistics company, said the Philippines continues to be one of its most important crew source markets, citing the country’s large pool of highly skilled, English-proficient seafarers.
Globe, Nokia launch ultra-fast 5G mmWave technology
Globe Telecom has partnered with Nokia to launch commercial 5G millimeter-wave (mmWave) technology in the Philippines, delivering fiber-like internet speeds without the need for physical cables.
