Saturday, 17 May 2025, 9:34 am

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    Losses force CNN Ph to end nine-year broadcast

    CNN Philippines on Friday said it is ending its operations in the country after nine years due to financial losses.

    Vista Land plans new borrowings to refinance debt, fund investments

    Vista Land & Lifescapes, Inc., the property group of billionaire and former Senate President Manuel Villar, said Friday it has mandated DBS Bank Ltd. and HSBC...

    IMF says ‘not yet there’ on need for systemic approach to high debt

    The International Monetary Fund still favors a case-by-case approach to dealing with sovereign debt issues, but is closely monitoring developments to ensure it is prepared if a more systemic approach is needed, a top official said on Thursday.

    India rates spring to record highs on dwindling supplies, firm demand

    Rates of parboiled rice exported from top hub India advanced to record highs this week on limited supplies and steady demand from Asian and African buyers, while prices eased in Vietnam and Thailand.

    P2 billion cost savings from measures ahead of hot months

    Guidelines implementing a government-wide energy saving program is seen generating an estimated P2 billion, the Department of Energy (DOE) said on Thursday. The guidelines implementing Administrative Order 15 signed earlier by President Ferdinand Marcos Jr. should be out the latest by mid-February.

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    BI Tightens Anti-Trafficking Measures Amid Surge in Travel

    The Bureau of Immigration (BI) is intensifying the campaign against human trafficking, warning of increasingly deceptive schemes targeting outbound Filipino travelers. Commissioner Joel Anthony Viado said that 2025 will mark a year of modernization for the agency, including upgraded screening technology, streamlined processes, and strengthened legal frameworks to enhance border security and protect Filipinos.

    DOTr cancels Common Station contract over long delays

    The Department of Transportation (DOTr) has terminated its contract with the BFC-FDSC Consortium—comprising BF Corp. and Foresight Development and Surveying Co.—due to excessive delays in the construction of the Unified Grand Central Station, also known as the Common Station.

    PAL named Asia-Pacific’s most punctual airline for April 2025

    Flag carrier Philippine Airlines (PAL) had been rated the most punctual airline in Asia-Pacific for April 2025, according to London-based aviation analytics firm Cirium. The airline posted an on-time performance (OTP) of 86.07 percent, outperforming the regional average of only 81.01 percent and outpacing all North American carriers in the same period.

    Commerce, trade grind slowly at the San Juanico Strait

    Alleged continued inaction by port authorities in Eastern Visayas have sent transport and trade and commerce authorities in Region 8 looking for solutions to the chaos created by the closure of the San Juanico Bridge to vehicular traffic exceeding three tons.

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