AirAsia acquires 49 percent of Zest Air

The Philippine unit of AirAsia has expanded its foothold in the country’s airline market by acquiring 49 percent of local budget carrier Zest Airways Inc.

The Philippine unit of AirAsia has expanded its foothold in the country’s airline market by acquiring 49 percent of local budget carrier Zest Airways Inc.

AirAsia is opening more doors for overseas Filipino workers as well as tourists this holiday season by offering low cost flights to Singapore and Taiwan from Clark, Pampanga.

Low cost carrier Philippines’ AirAsia on Sunday launched flights for Singapore and Taiwan in an effort to boost tourism in the country and provide service for thousands of Overseas Filipino Workers (OFWs).

At the end of their second meeting, the bicameral conference committee on the sin tax reform bill on Thursday night agreed setting the measure’s revenue target to P33.5 billion.

The bicameral conference committee on the sin tax reform bill on Thursday moved towards setting the measure’s revenue target to P33.5-P35 billion.

The bicameral conference committee on the sin tax reform bill on Thursday agreed to set the measure’s revenue target to P35 billion.

A civil society group on Thursday backed legislators who voted against a measure which sought to grant the National Electrification Administration authority to regulate electric cooperatives.

Partylist lawmakers on Thursday lambasted how growth in the Philippine economy was not being felt by the poor. Reacting to the 7.1 percent third quarter growth of the economy, Bayan Muna Partylist Representative Neri Colmenares asked why then there was still a high poverty incidence if the economy was doing well.

Lawmakers on Tuesday urged the public to buy local goods instead of imported items especially this Christmas season, when hordes of shoppers troop to malls and other shopping areas to hunt for the best bargains.

Does the Philippines need to worry about the possibility of outsourced jobs being sent back to the US?

Legislators on Tuesday lauded the upgrade of the country’s credit rating to a notch below investment grade by Moody’s Investors Service, saying that this indicated an improvement in the way global investors perceive the Philippine economy.

The Philippine Amusement and Gaming Corporation raked in a whopping P4.38 billion in the first three quarters of 2012, placing its gross income at P31.16 billion by the end of September.