The Land Transportation Franchising and Regulatory Board (LTFRB) on Tuesday approved a P1 provisional fare hike for modern and traditional public utility jeepneys (PUJs) nationwide starting October 8 this year.
Yields on Philippine treasury bills (T-bills) were higher at the auction Monday as the market worries over further acceleration in inflation could force the Bangko Sentral ng Pilipinas to resume its aggressive tightening of monetary policy.
Cebu Air Inc. on Thursday bared plans to order narrow body aircraft from US aircraft manufacturer Boeing as part of its risk management options and to "diversify risk" in the wake of issues arising from Pratt and Whitney (P&W) engines.
The government, through sovereign wealth fund Maharlika Investment Corp., is looking to acquire at least one board seat in the National Grid Corp. of the Philippines, operator of the country’s national electricity transmission highway, House Speaker Ferdinand Martin Romualdez said.
The Philippines has opened its doors wider to Chinese tourists with a new policy granting 14-day visa-free entry—but the real question is whether travelers from the world’s largest and most dynamic tourism market will actually walk through.
Agriculture Secretary Francisco P. Tiu Laurel Jr. has directed state-owned Food Terminal Inc. (FTI) to buy large volumes of mung beans and chili peppers directly from local farmers to stabilize prices and reduce dependence on imports.
Globe Telecom has made history by becoming the first mobile network operator to launch Starlink’s Direct to Cell (DTC) satellite service in the Philippines and Southeast Asia—and the second in Asia—marking a major leap toward universal mobile connectivity in the country.
MacroAsia Corp. (MAC), through its majority-owned unit MacroAsia Airport Services Corp. (MASCORP), has begun construction of a new six-story headquarters aimed at strengthening its aviation services operations, following a formal groundbreaking ceremony held today.