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Elijah Felice Rosales
Elijah Felice Rosales
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NAIA airline reshuffle takes off in early 2025
by Elijah Felice Rosales - November 18, 2024 - 12:01am
The Ninoy Aquino International Airport will undergo another round of airline reshuffle in the first quarter of 2025 as part of efforts to decongest passenger traffic in select terminals.
Fresh debts push LBC to net loss in 9 months
by Elijah Felice Rosales - November 18, 2024 - 12:00am
Express courier LBC Express Holdings Inc. fell to a net loss in the nine months to September as the company borrowed fresh loans from local banks for project funding.
Converge keen on Sky Cable buyout
by Elijah Felice Rosales - November 18, 2024 - 12:00am
Tech tycoon Dennis Anthony Uy plans to buy out Sky Cable Corp. and capture its more than 300,000 subscribers as soon as the company succeeds in erasing its over P4 billion debts.
GMA Network profit down 43% as ad revenue tumbles
by Elijah Felice Rosales - November 17, 2024 - 12:00am
Broadcast giant GMA Network Inc. has endured another quarter of profit decline on the back of fewer advertising placements due to the evolving landscape of media consumption.
ABS-CBN trims losses on cost cutting
by Elijah Felice Rosales - November 16, 2024 - 12:00am
ABS-CBN Corp. slashed its net loss by a fifth by slashing costs in content production and internet delivery. 
Uy-led Chelsea close to recovery, but Dito sinks deeper into red
by Elijah Felice Rosales - November 16, 2024 - 12:00am
Dennis Uy’s logistics venture is close to erasing its net loss on the back of shipping recovery, but his telco is struggling to come out alive from its debt pile.
MacroAsia profit hits almost P1 billion
by Elijah Felice Rosales - November 15, 2024 - 12:00am
Aviation support service provider MacroAsia Corp. pushed its profit up to nearly P1 billion in the nine months to September, propelled by the double-digit growth in its core businesses of in-flight catering and ground...
Cebu Pacific sees share in air travel market rising to 60%
by Elijah Felice Rosales - November 15, 2024 - 12:00am
Low-cost carrier Cebu Pacific looks to close the year holding 60 percent of the domestic market, unshaken by the 33 percent reduction in its profit in the nine months to September.
Converge cuts capex as typhoons disrupt rollout
by Elijah Felice Rosales - November 14, 2024 - 12:00am
Broadband specialist Converge ICT Solutions Inc. is rolling back its capital expenditures for the year by at least P4 billion, but may ramp up spending in 2025 to make up for project delays.
PLDT to monetize data centers
by Elijah Felice Rosales - November 14, 2024 - 12:00am
Telco giant PLDT Inc. is expected to close its partial sale of data centers in 2025, and is gearing up to spend the proceeds on debt payments to strengthen financial standing.
PAL profit down on spending spurt
by Elijah Felice Rosales - November 13, 2024 - 12:00am
Flag carrier Philippine Airlines sustained a 55-percent drop in its profit in the nine months to September, dragged by declining passenger revenues and spiking aviation costs.
MVP sees PLDT attaining income goal of P35 billion
by Elijah Felice Rosales - November 13, 2024 - 12:00am
Industry leader PLDT Inc. is projected to close the year achieving its target of raising P35 billion in core income, as the telco managed to squeeze in profit growth amid market challenges.
Razon scores Maersk over delay in African port privatization
by Elijah Felice Rosales - November 12, 2024 - 12:00am
Ports tycoon Enrique Razon Jr. has scored logistics giant AP Moller-Maersk for allegedly trying to control South Africa’s shipping industry by delaying the privatization of the Port of Durban.
Globe to keep on trimming budget
by Elijah Felice Rosales - November 12, 2024 - 12:00am
Telco giant Globe Telecom Inc. is preparing to slash its capital expenditures in 2025 to below $1 billion, in line with its strategy to improve financial standing and maximize existing assets.
Cebu Pacific to mount direct flights to Sapporo
by Elijah Felice Rosales - November 11, 2024 - 12:00am
Filipinos can reach Sapporo through direct flights again, but this time with low-cost carrier Cebu Pacific, marking the airline’s fifth destination in Japan.
Manila still lags in internet speed, quality
by Elijah Felice Rosales - November 11, 2024 - 12:00am
Manila is still one of the poorest cities in Asia-Pacific to connect to the internet, ranking in the lower half of the region for reliability and consistency.
NLEX Corp. borrows P10 billion for expansion
by Elijah Felice Rosales - November 10, 2024 - 12:00am
North Luzon Expressway Corp. has borrowed P10 billion from a local bank to finance the remaining portion of a viaduct project bridging Bulacan and Pampanga.
Globe banks on GCash, mobile for income lift
by Elijah Felice Rosales - November 10, 2024 - 12:00am
Wireless provider Globe Telecom Inc. has raised its profit to beyond P20 billion as of September, as it looks to end the year strong on the back of mobile and e-wallet contributions.
DOTr sees no need for new flight fee
by Elijah Felice Rosales - November 10, 2024 - 12:00am
The Department of Transportation is not keen on approving the airline industry’s proposal to collect a new fee that would mitigate the impact of rising costs at the Ninoy Aquino International Airport.
GCash suffers glitch, money safe
by Elijah Felice Rosales - November 10, 2024 - 12:00am
E-wallet leader GCash has assured its millions of users that their money remains safe in the app, as reports flooded social media of unauthorized cash transfers leading to balance depletion.
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