Malaysia’s AirAsia Berhad has completed its acquisition of a 49-percent stake in local airline Zest Airways, giving the regional budget air travel giant a foothold in the Philippines’ main gateway in Manila.
San Miguel Corp. plans to spend $750 million to build three new cement plants to boost production in the country and support growth of the infrastructure sector.
Daily flights between the Philippines and Brazil, South America’s largest country, may start soon following the approval of new air rights between the two countries this week. Under the new air agreement between the Philippine and Brazilian governments, a total of seven flights a week may be mounted between Manila and any point in [...]
Daily flights between the Philippines and Brazil, South America’s largest country, may start soon following the approval of new air rights between the two countries this week.
Tech giant IBM Corp. has announced plans to open a business process outsourcing (BPO) facility in Naga City, its first outside Metro Manila, in line with the Philippines’ growing importance in the multinational’s global supply chain.
The Department of Justice (DOJ) has filed criminal malversation raps against controversial businessman Robert John Sobrepeña and three of his top executives due to alleged misuse of public funds linked to the management of two hotels in Baguio City.
Only two firms are left in the running for the P3.85-billion peso supply contract for motor vehicle license plates, the Department of Transportation and Communications (DOTC) announced Wednesday.
The government is planning to order the country’s top airlines to reduce flights to Caticlan, the gateway to Boracay Island, in the middle of the peak summer season due to almost daily and unexplained cancellations of flights.
The Department of Transportation and Communications (DOTC) has tapped the services of International Finance Corp. to bring down the cost of domestic shipping.
Associated Broadcasting Corp., operator of the TV5 network, is set to launch later this year an English-language news channel that aims to be the leading source of business news for local pay TV customers.
Profits of publicly listed Manila Water Co. were flat in the first quarter due to the absence of any significant expansion of its distribution network in the period.
Ayala-led Clark Water Corp. is investing P1.26 billion in the former military base in Pampanga for water source development, wastewater service infrastructure and service reliability improvement projects, to meet the area’s growing requirements until 2017.
