Pilipinas Shell Petroleum Corp., the country’s second biggest fuel provider, identified two ways of smuggling petroleum products into the country aside from bringing them in through special economic zones and selling them tax-free outside the zones.
The aggressive expansion of flag carrier Philippine Airlines (PAL) has hit an unexpected speed bump as it puts on hold a potential multibillion-dollar order for new planes from American firm Boeing Co. due to safety issues.
San Miguel Corp. (SMC) is putting on hold its proposal to build a new airport in Metro Manila in reaction to the government’s evolving policies that have delayed the implementation of key projects three years into President Aquino’s term.
Flag carrier Philippine Airlines’ (PAL) long history of dealing with labor woes may finally end with the company’s new management making serious attempts to restore good relations with its workers.
Ramon S. Ang, chief operating officer of San Miguel Corp., has expressed confidence the country will hit its target of landing on the top third of countries ranked for global competitiveness by 2016.
Shortly after signing a multibillion-dollar deal to acquire 50 new planes—the biggest aircraft order in the country’s history—flag carrier Philippine Airlines (PAL) on Thursday disclosed plans to build what could be the largest airport in the Philippines.
The Philippine Airlines said that it would acquire three more Boeing 777-300ERs in addition to the three it has on its fleet in a bid to save money by shifting away from its current flagship, the gas-guzzling Boeing 747-400.
San Miguel Corp. (SMC) president and chief operating officer Ramon S. Ang has again made it to the “power list” of the influential publication The Wall Street Journal Asia.
It was not so much a changing of the guard as the passing of the mantle of leadership to an anointed successor.
Ramon S. Ang on Friday took full control of conglomerate San Miguel Corp. (SMC) after its chair, Eduardo Cojuangco Jr., sold a huge chunk of his stake in the diversified firm to his hard-charging protégé.
Amid the annual who’s-in-who’s-out hubbub created by the release of the Forbes list, two very prominent names in the local and regional business scenes were—to many observers—incredibly absent from the Philippine billionaires’ roster.
Amid all the ruckus and noisy debate about how to handle the aircraft congestion at the Ninoy Aquino International Airport, the guys up north at Clark have been quietly working toward making the Philippines more accessible to foreigners.
