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Elijah Felice Rosales
Elijah Felice Rosales
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Cebu Pacific books P8 billion profit in 2023
by Elijah Felice Rosales - March 28, 2024 - 12:00am
Low-cost carrier Cebu Pacific found itself landing on solid ground in 2023, as it booked a profit of nearly P8 billion on the back of a resurgent demand for air travel.
Binance ban a boon to local crypto firms
by Elijah Felice Rosales - March 28, 2024 - 12:00am
Local crypto traders are now experiencing as much as four times higher transaction volumes as investors shift their tokens from Binance.
PLDT puts up new unit for data centers
by Elijah Felice Rosales - March 27, 2024 - 12:00am
Telco leader PLDT Inc. has formed a new unit under its technology arm, delegating it with the task of building and operating data centers.
NTC to telcos: Block Binance
by Elijah Felice Rosales - March 27, 2024 - 12:00am
The government has ordered internet service providers to prevent Filipinos from accessing cryptocurrency giant Binance.
Globe gets P5 billion from sale of towers
by Elijah Felice Rosales - March 27, 2024 - 12:00am
Telco-to-tech provider Globe Telecom Inc. raised almost P5 billion from the sale of towers in the first quarter, providing it with some of the capital needed to upgrade services and pay debts.
CAB: Expect no changes in airfares next month
by Elijah Felice Rosales - March 26, 2024 - 12:00am
Travelers planning to book a summer trip can expect airfares to remain the same in April, as the government made no changes in the fuel surcharge that airlines can pass on.
Low subsidy forces LRTA to cut budget for train rehab
by Elijah Felice Rosales - March 26, 2024 - 12:00am
The Light Rail Transit Authority is cutting its budget for the restoration of trains to make the most of the lower subsidy given to the agency this year.
Cebu Pacific adds 3 aircraft in Q1
by Elijah Felice Rosales - March 26, 2024 - 12:00am
Low-cost carrier Cebu Pacific has received another aircraft, its third for the year, leaving the airline with 14 more to accept for the rest of 2024 as it fortifies its fleet in the face of supply issues.
ICT spending in AsPac reaches $1.3 trillion in 2023
by Elijah Felice Rosales - March 26, 2024 - 12:00am
Information and communications technology spending in Asia and the Pacific reached the $1.3 trillion mark in 2023, as companies increased their investments on automation and cloud to survive and thrive in the digital...
Maya’s next target: Expand overseas
by Elijah Felice Rosales - March 26, 2024 - 12:00am
Digital bank Maya Bank Inc. has committed to improve its portfolio of products and services, as it gears up to accommodate more clients outside the Philippines as part of its global expansion.
PPPs eyed for offshore wind farms in ports
by Elijah Felice Rosales - March 25, 2024 - 12:00am
The government may consider public-private partnerships (PPPs) in its plan to transform ports into offshore wind projects, as it could take as much as $80 million to redevelop each one of them.
SMC OK to add MPTC Indonesia in joint venture
by Elijah Felice Rosales - March 25, 2024 - 12:00am
Diversified conglomerate San Miguel Corp. (SMC) is open to including the Indonesian segment of Metro Pacific Tollways Corp. (MPTC) in the planned merger of the toll road operators.
SMC starts works on Pangasinan tollway
by Elijah Felice Rosales - March 24, 2024 - 12:00am
Food-to-infrastructure conglomerate San Miguel Corp. (SMC) has started the civil works for the Pangasinan Link Expressway (PLEX), laying the bedrock for a P34-billion project that would improve travel and tourism...
UPS expands Clark operations
by Elijah Felice Rosales - March 23, 2024 - 12:00am
Logistics giant UPS is expanding operations at the Clark International Airport in Pampanga as part of its $250-million commitment to scale up its Asia-Pacific business.
Grab tests DriveYourCar service
by Elijah Felice Rosales - March 22, 2024 - 12:00am
Ride-hailing giant Grab Philippines is testing the viability of a new service that allows customers with vehicles to hire a driver for almost P2,000 for 12 hours.
DOTr needs P12.5 billion to build 200 ports
by Elijah Felice Rosales - March 21, 2024 - 12:00am
The Department of Transportation said it needs at least P12.5 billion to build 200 more ports under the Marcos administration, underscoring the need to improve connectivity in remote islands.
GCash widens global reach
by Elijah Felice Rosales - March 20, 2024 - 12:00am
Overseas Filipino workers may connect their GCash accounts with foreign banks by the second quarter of the year, expanding the financial services they can access in the e-wallet.
Converge doubling capex in 2024
by Elijah Felice Rosales - March 19, 2024 - 12:00am
Broadband provider Converge ICT Solutions Inc. is doubling its capital expenditures to as much as P19 billion this year to pay for new projects that aim to improve customer experience.
SMC scraps plans to build P100 billion Pasig River tollway
by Elijah Felice Rosales - March 19, 2024 - 12:00am
Diversified conglomerate San Miguel Corp. will no longer pursue its plan to build a toll road on the Pasig River, succumbing to pressure from opposition groups.
New NAIA terminal eyed at Nayon site
by Elijah Felice Rosales - March 19, 2024 - 12:00am
A new passenger terminal will rise at the Ninoy Aquino International Airport in three years, as part of the project of the new concessionaire led by San Miguel Corp. to expand the country’s premier gateway...
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