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MANILA, Philippines – The Philippines, known worldwide for its beaches and scenic sunsets, is becoming a more popular summer destination among its neighbors in the Asia Pacific region, according to a report by Mastercard Economics Institute. In…
MANILA, Philippines – Airline passengers are set to pay higher service charges, according to a memorandum issued by the Civil Aviation Authority of the Philippines (CAAP) ahead of the summer season when travel demand usually picks up.…
The Philippine Competition Commission (PCC) has approved Summit Telco Corp. Pte. Ltd.’s acquisition of 9 billion additional shares in DITO CME Holdings Corp. This move is expected to significantly alter the company’s ownership structure, originally built by…
MANILA, Philippines — The Department of Transportation (DOTr) will conduct a feasibility study for a 65-kilometer subway project in Cebu, aimed at reducing congestion in the country’s second-largest metropolitan area. Transportation Undersecretary Timothy John Batan said in…
Build and they will come. Billionaires Sabin Aboitiz and Ramon Ang aim to make the Philippines more accessible to high-spending tourists, drawn by its stunning beaches and scenic sunsets. The tycoons, with businesses in infrastructure, energy, banking,…
Most Filipino companies are investing in artificial intelligence (AI), but only a few are prepared to fully use its potential, according to a survey by global tech firm Cisco. Cisco revealed on Wednesday that 65% of local…
Singaporean firm Summit Telco Corporation Pte. Ltd. has struck a deal to acquire an additional 9 billion shares—currently valued at P17.1 billion—in DITO CME Holdings Corp., the operator of DITO Telecommunity (DITO Tel). Once finalized, Summit will…
The Department of Transportation (DOTr) is advancing the New Dumaguete Development Airport project by selecting three Korean firms to design the new airport, aimed at accommodating more passengers. DOTr has invited Yooshin Engineering Corp., Keun Jeong Architects…
Plane fares are expected to decrease further next month due to the reduction of the fuel surcharge to a year-low level. This change is expected to encourage more travel during the upcoming holiday season. The Civil Aeronautics…
The aviation industry is rebounding after the pandemic lockdown, but challenges in the supply chain and reduced air travel demand to and from China are affecting its growth. Philippine Airlines (PAL), Cebu Pacific, and AirAsia Philippines are…
Nearly 60 percent of Filipino TikTok users have already begun their Christmas online shopping this month, searching for the most affordable products and budget-friendly alternatives during major sales, according to a study commissioned by the social media…
The popular e-wallet Gcash assures on Monday that it has not found any indication of hacking yet and that accounts of Gcash users have remained safe. The Ayala-led company said this as the investigation of the alleged…
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