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Philippines AirAsia eyes IPO before end of 2018

By Denise A. Valdez PHILIPPINES AirAsia, Inc. is targeting to conduct its long-awaited initial public offering (IPO) before the end of 2018. In an interview with...

GMA to roll out digital TV device in June

GMA Network, Inc. will be rolling out its digital television device in June, according to GMA Chairman and CEO Felipe L. Gozon. The company targets...

2GO swings to profit in 1st quarter

2GO GROUP, Inc. swung to a profit in the first quarter, fueled by sustained growth in its non-shipping business. In a regulatory filing, the listed...

LRT authority acquires simulator for driver training

THE Light Rail Transit Authority (LRTA) said it has acquired a simulator to aid in the training of drivers on the Light Rail Transit...

Higher passenger revenues boost Cebu Air profit in 1st quarter

CEBU AIR, Inc., the listed operator of Cebu Pacific, reported its net income increased by 12% to P1.437 billion, driven by higher passenger revenues...

Japan official dev’t assistance deal for Marawi rehabilitation signed

THE government has signed an official development assistance (ODA) grant agreement with Japan for the rehabilitation and reconstruction of Marawi City worth 2 billion...

Panay East-West road expected in 2020

THE DEPARTMENT of Public Works and Highways (DPWH) is aiming to open the Panay East-West Lateral Road in 2020, which will connect Antique, the...

Connecting road in Panay Island to be completed in 2020 — DPWH

The Department of Public Works and Highways (DPWH) expects to finish in 2020 a 41-kilometer road that will cut the travel time between Central...

Hirna says no plans to enter Metro Manila

By Denise A. Valdez HIRNA Mobility Solutions, Inc. started offering transportation options last month when it was accredited by the Land Transportation Franchising and Regulatory...

Phoenix Petroleum earnings, revenue up 65% and 107% in Q1

PHOENIX Petroleum Philippines, Inc. reported a net income of P464.75 million for the first three months of 2018, 65% higher than the P282.31 million...

Chelsea opens Matnog-Allen route

CHELSEA Logistics Holdings Corp. (CLC) announced Friday that its subsidiary, Starlite Ferries Inc., had opened a new route between Matnog, Sorsogon and Allen, Northen...

Philippine stocks rally after BSP hikes rates

LOCAL stocks surged to close above the 7,700 level on Friday, after the central bank’s decision to raise interest rates for the first time...

DPWH says ‘world class’ Siargao bridge to boost tourism

The Department of Public Works and Highways (DPWH) is booking P337 million for the construction of a "world-class" bridge in Siargao, said to not...

CPG’s PHirst launches project in Lipa, Batangas

CENTURY Properties Group, Inc. (CPG) is developing a 20-hectare project in Lipa, Batangas, under its affordable housing brand PHirst Park Homes. In a statement, CPG...

U-Hop taps Floyd Mayweather as it eyes US expansion

FILIPINO-OWNED transportation network company (TNC) U-Hop announced on Thursday it is partnering with American boxing champion Floyd Joy Mayweather, Jr. as it sets sights...

Cebu Pacific suspends Caticlan flights

CEBU PACIFIC said it is temporarily halting all flights to and from Caticlan, Aklan due to the very low demand following the closure of...

Airport in northern Palawan opens for commercial flights, seen boosting tourism

THE DEPARTMENT of Transportation (DoTr) and the Civil Aviation Authority of the Philippines (CAAP) have officially opened to commercial flights San Vicente Airport (SVA)...

MRSGI income drops 6% in Q1

METRO RETAIL Stores Group, Inc. (MRSGI) reported its net income fell by 6% to P90.2 million in the first quarter, as sales were affected...

Chelsea Logistics books P115-million net income

EARNINGS of Chelsea Logistics Holdings Corp. (CLC) surged 326% to P115 million during the first quarter, as it saw revenue contributions from two companies...

Chelsea Logistics reports three-fold jump in Q1 profit

Chelsea Logistics Holdings Corp. (CLC) reported that its net income for the first quarter of 2018 reached P115 million, an increase by 326% from...