Philippine Airlines (PAL), the oldest commercial carrier in Asia, recently opened the country’s first civil aviation museum to showcase its rich 83-year history.
The immersive museum at the Lucio K. Tan Jr. (LKTJ) Center on Andrews Avenue pays tribute to all “shakers and movers” who propelled the airline across clear skies and supported the company through turbulent times.
The highlight is the “Kapitan wall,” which features PAL’s longest serving leader Lucio Tan and his role in paving the flag carrier’s path toward success.
The museum displays include the different crew uniforms through the years, the first ticket ever sold and other memorabilia marking PAL’s milestones. —Tyrone Jasper C. Piad
Boost in Peza’s approvals seen
At least another P55.7 billion worth of investments are expected to be approved by the Philippine Economic Zone Authority (Peza) during its board meeting today.
This is according to two well-placed sources in the government investment promotion agency who told Biz Buzz about the pipeline of investments that will be discussed in the meeting.
As of its last board meeting last month, Peza has approved P61.69 billion worth of investments, business ventures that are expected to create 31,827 new jobs.
Earlier this year, Peza Director General Tereso Panga said they aim to approve at least P200 billion worth of investments for 2024.
Last year, Peza approvals reached P175.70 billion in value, marking a 24.9-percent increase from the P140.7 billion it recorded in 2022.
Approvals stood at P69.30 billion in 2021, P95.03 billion in 2020, P117.54 billion in 2019 and P140.2 billion in 2018.
The PEZA still has some catching up to do to reach its target, but hopes are high that it has enough time to pull through with its vision given there is still a little over a quarter left in the year. -Alden M. Monzon
Need to borrow cash instantly? Maya and Grab got your back!
The digital bank and the super app announced a new partnership that will allow eligible Grab users to access up to P30,000 instantly through Maya Easy Credit without any collateral, or paperwork.
Accessing this credit line is easy: complete a form on the Grab app; download the Maya app and sign up; apply for Maya Easy Credit within the Maya app and wait for the funds.
At the same time, qualified Grab customers can now use Maya Easy Credit to top up their Maya Wallet and pay for Grab rides or food deliveries, giving them more budget flexibility within the Grab app.
Since beginning its lending operations in 2022, Maya had disbursed P47 billion in loans to approximately 1.2 million borrowers by end-June 2024.
And as the entry of new players is seen spicing up competition within the local digital banking scene, the tie-up with Grab should help Maya build a profitable loan portfolio. — Ian Nicolas P. Cigaral