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Malaysia Airlines to cut 6,000 staff in overhaul

Visitors look out from viewing gallery as a Malaysia Airlines jet sits in the tarmac at the Kuala Lumpur International Airport (KLIA) in Sepang, Malaysia, Friday, Aug. 29, 2014. Malaysia Airlines will cut 6,000 workers as part of an overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters. (AP Photo/Lai Seng Sin)

Malaysia Airlines will cut 6,000 workers as part of an overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters.

Posted: August 29th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

PAL’s net income jumped 604% in July

By ,
FILE PHOTO

The earnings streak set off by Philippine Airlines president and COO Ramon S. Ang continues as the July net income of the once money-losing flag carrier reached $11 million, bringing net income from January to July 2014 to $18.6 million.

Posted: August 20th, 2014 in Headlines,Latest Business Stories | Read More »

A budget boon for jet-lagged traders

By
AFP FILE PHOTO

For AirAsia and its head honcho Tony Fernandes, services must be made affordable and accessible to more consumers.

Posted: August 17th, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

South Africa, PH seal air deal

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The Philippines and South Africa sealed a new air deal, paving the way for flights between both countries, a government official said on Thursday.

Posted: August 15th, 2014 in Headlines | Read More »

JG Summit’s net profit grew by 151% to P13B in 1st half of 2014

By
SCREENGRAB from www.jgsummit.com.ph

Gokongwei-led JG Summit Holdings Inc. jacked up its first semester net profit by 151.3 percent year-on-year to P13 billion as extraordinary items added to the growth in core earnings.

Posted: August 14th, 2014 in Latest Business Stories | Read More »

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