Tag: Globe

Philippine Airlines (PAL) has entered into a deal with Rolls-Royce to supply 18 units of Trent XWB-97 engines for nine additional Airbus A350-1000 aircraft, with provisions to cover up to five more planes should PAL exercise its existing purchase rights. Alongside the engine supply agreement, the two parties also signed a separate deal for Rolls-Royce’s TotalCare service, which will manage the full health monitoring and maintenance requirements of the expanded fleet.

The Government Service Insurance System (GSIS) has emerged as one of Megawide Construction Corp.'s biggest local institutional investors after raising its stake to 9.5 percent, a move that signals growing confidence in the engineering firm's infrastructure pipeline and long-term growth prospects.

Construction activity lost momentum in May as fewer projects secured permits, signaling a softer pipeline for the property and infrastructure sector despite resilient spending on residential developments.

The Bureau of Internal Revenue (BIR) is deepening its partnership with the Alliance of Tech Innovators for the Nation (ATIN) to boost tax compliance among online sellers, combining taxpayer education with tougher enforcement as the country's digital economy continues to expand.