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PAL denies that it has started the groundwork to sell a minority stake to strategic investor

Philippine Airlines issued a clarification to a news article that claimed PAL was looking to sell a 20% to 25% minority stake to a strategic investor, and that PAL “recently formed a team to ‘receive some offers’”......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

True love and tadhana: Ride-share driver shares how he married his pen pal 

Grab Driver Danilo A. said that love letters were effective in courting his long-time pen pal who later became his wife. “Pen pal ko siya, hindi kami nag-meet until malapit na kaming ikasal.”.....»»

Category: newsSource:  philstarRelated NewsFeb 18th, 2024

PAL Interclub golf: Eastridge presses title bid, ties Del Monte at helm

Eastridge boldy signaled its pursuit of a PAL Interclub breakthrough, upstaging Del Monte on its home turf as it assembled 107 points to force a tie with the host in the second round of the Men’s Regular tournament in Manolo Fortich, Bukidnon Saturday......»»

Category: newsSource:  philstarRelated NewsMar 2nd, 2024

PAL golf: Southwoods braces for Eastridge challenge

Manila Southwoods is bracing for its biggest fight in its dynastic reign in the Philippine Airlines (PAL) Regular Men’s Interclub championship with Eastridge coming up as a force with a program that already beat the Carmona-based squad three months ago......»»

Category: sportsSource:  philstarRelated NewsFeb 27th, 2024

Nike Announces Layoffs of Over 1,500 Employees in Comprehensive Restructuring

Nike, the renowned sportswear and apparel company, has announced plans to cut 2% of its workforce, which translates to over 1,500 jobs. This move is.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 16th, 2024

Alex Gonzaga calls out Philippine Airlines for canceled flight; PAL responds

Actress Alex Gonzaga called out Philippine Airlines (PAL) after her husband Mikee Morada's flight was canceled. .....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

Alex Gonzaga calls out Philippine Airlines for canceled flight; PAL responds

Actress Alex Gonzaga called out Philippine Airlines (PAL) after her husband Mikee Morada's flight was canceled. .....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

Alex Gonzaga calls out Philippine Airlines for canceled flight; PAL responds

Actress Alex Gonzaga called out Philippine Airlines (PAL) after her husband Mikee Morada's flight was canceled. .....»»

Category: CCCCCCSource:  philstarRelated NewsApr 8th, 2024

The 75th PAL Interclub: Celebrating a brilliant legacy

At its core, the PAL Interclub is all about gathering golf aficionados from across the country and overseas for an annual reunion, where they could renew old friendships and gain new ones. Participants return year after year, not so much as to win the championship, but to enjoy fellowship and tradition......»»

Category: newsSource:  philstarRelated NewsMar 19th, 2024

Big start nets Del Monte 5-point cushion in PAL Interclub golf tilt

Del Monte positioned itself for a potential rare sweep of the PAL Interclub golf team titles by amassing 109 points at the Pueblo de Oro Golf and Country Club Friday, gaining a five-point lead over Eastridge in the first round of the Men’s Regular tournament in Cagayan de Oro City......»»

Category: newsSource:  philstarRelated NewsMar 1st, 2024

‘Now is best time for PAL to sell’

This is the best time for flag carrier Philippine Airlines (PAL) to sell a portion of the company, as investors are attracted to buy into it with travel and tourism picking up momentum, according to analysts......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

PAL revives stake sale to investors

Taipan Lucio Tan has revived plans to sell a significant stake in Philippine Airlines (PAL) to a strategic investor who could help the flag carrier soar to even greater heights, industry sources said......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

PAL stops elderly Fil-Am with COPD from flying sans oxygen tank

MANILA, Philippines — Flag carrier Philippine Airlines  stopped an elderly Filipino-American woman from flying back to the United States due to her medical condition, a US media report said. Jovita Domingo, 86, was not allowed to board a PAL flight despite showing a doctor’s certificatioon saying she was “fit to travel by air” and that.....»»

Category: newsSource:  inquirerRelated NewsJan 27th, 2024

PAL to add Manila-Cebu-Borongan flights starting July

PAL to add Manila-Cebu-Borongan flights starting July.....»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

2.4M Dabawenyos working as of Oct 2023

The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Losses to Philippine agriculture due to El Nino reach 31 mln USD

MANILA, March 20 (Xinhua) -- The El Nino dry spell and ensuring drought have caused over 1.75 billion pesos (roughly 31 million U.S. dollars) in damage to Philippine agriculture, a senior government official said Wednesday. This year's losses due to El Nino are still low compared to 2009 when the damage to agriculture reached 17 billion pesos (302 million dollars), Presidential Communications Office Assistant Se.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

‘Legislated wage hike spells job losses’

A bill that seeks a P100 increase in the daily minimum wage for private workers nationwide could spell job losses especially in labor-intensive sectors, economists warned......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

Shrinking news space: CNN Philippines shuts down due to financial losses

CNN PHILIPPINES officially announced on Jan. 29 that it was shutting down operations on all platforms following several years of financial losses. It made the announcement on its channel through a broadcast advisory, followed by an official statement on social media. Operated by Nine Media C.....»»

Category: sportsSource:  abscbnRelated NewsFeb 1st, 2024

CNN Philippines announces closure due to financial losses

The news network announced its shutdown in a general assembly of its staff on Monday, citing “serious financial losses.".....»»

Category: newsSource:  philstarRelated NewsJan 29th, 2024

CNN Philippines shutting down as losses exceed P5B

MANILA  —CNN Philippines is going off the air nearly nine years after debuting into the local broadcasting industry as its local franchise holder decided to pull the plug after accumulating financial losses exceeding P5 billion. The shutdown of the television network —which will affect about 300 employees — will be formally announced on Monday, an.....»»

Category: newsSource:  inquirerRelated NewsJan 27th, 2024