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’”......»»
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. .....»»
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. .....»»
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. .....»»
PAL to add Manila-Cebu-Borongan flights starting July
PAL to add Manila-Cebu-Borongan flights starting July.....»»
Investor interest in power gaining steam – Lotilla
Investor interest in the country’s power sector, particularly in the renewable energy space, continues to gain steam, according to the Department of Energy......»»
BDO: No plan to buy stake in NAIA rehab
The country’s largest bank is confirmed to be one of the lenders that will fund the P170.6-billion rehabilitation of the Ninoy Aquino International Airport (NAIA), but rejected any and all offers to be an investor in the project......»»
Jollibee buys 10% stake in Botrista for $28-M
Jollibee disclosed that it purchased a 10% stake in Botrista, a “leader in the beverage technology space”, for $28 million through its subsidiary, Jollibee Worldwide Pte. Ltd......»»
AboitizPower hikes stake in STEAG
Aboitiz Power Corp. has acquired an additional 15.6 percent stake in STEAG State Power Inc., boosting its equity to a majority of 85 percent......»»
MGreen hikes stake in SPNEC
MGen Renewable Energy Inc. a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp......»»
Right man for job
Gilas head coach Tim Cone will be the first to insist that Chot Reyes deserves recognition for laying the groundwork to build the foundation for the national squad whose four-year goal is to make it to the 2028 Los Angeles Olympics......»»
Recto revives plan to sell NAIA assets
Finance Secretary Ralph Recto has revived plans to sell the assets of the Ninoy Aquino International Airport and turn it into a new business district to generate additional revenues for state coffers......»»
Intensified catch-up vaccination set to prevent Pertussis
THE Davao City Health Office announced on Thursday, April 4, that it is laying the groundwork, in partnership with barangays and stakeholders, for a periodic intensification of routine immunization for Pertussis and other vaccine preventable diseases in the last week of April......»»
MPIC to pursue buyout of Ayala stake in LRT-1
Metro Pacific Investments Corp. plans to buy out the 35 percent stake of the Ayalas in the operator of Light Rail Transit Line 1 to beef up MPIC’s portfolio for its eventual bid for other railways......»»
Marcos tells Australia their strategic partnership is more important than ever
MELBOURNE, Australia (AP) — Philippine President Ferdinand Marcos Jr. told Australia’s Parliament on Thursday that the strategic partnership between the two nations was more important than ever with the rule of law and peace in the region under threat from China. Marcos told a special joint sitting of the two chambers during a state visit.....»»
FPRRD opposes disguised Charter change initiative
Former President Rodrigo R. Duterte has vehemently opposed the disguised People’s Initiative for Charter change, denouncing the cash-for-signature campaign as repugnant and a disgraceful act during a YouTube interview with Banateros Brothers on January 22, 2024. Duterte emphasized his disapproval of the initiative, urging for it to be halted, particularly criticizing the payment of individuals to sign the documents. He warned that such actions could lead to a new Constitution that might destroy the nation and open avenues for political abuses. Duterte stressed the importance of democracy in the Philippines, asserting that those seeking to remain in power should go through the electoral process. He highlighted that a well-performing and non-corrupt individual would retain power, while those with poor performance would be ousted through the electoral process. Expressing satisfaction with the current Constitution, Duterte argued that it has contributed to stability, reducing conflicts with groups like the New People's Army (NPA). He strongly advised against meddling with the Constitution, cautioning that it would only bring trouble to the country. Duterte pledged active opposition to the initiative, stating that he would campaign against it. Additionally, residents of Calinan District, Vice President Sara Duterte, and Representatives Isidro Ungab and Paolo Pulong Duterte have also voiced opposition to the People's Initiative for Charter Change. Margarita Atty. Migs Nograles, the representative of the Pwersa ng Bayaning Atleta (PBA) Partylist, alleged to have started the cha-cha signature campaign, has yet to issue an official statement on the matter as of the latest update. Related stories include the denouncement of alleged `vote buying’ in signing the petition for Cha-cha by Davao City lawmakers, Vice President Duterte's condemnation of the cash-for-signature drive, and a prayer rally against PI’s Cha-cha on Jan 28......»»
Manila Water sells stake in Bulacan units to SMC
Razon-led Manila Water Co. Inc. is divesting its stake in two Bulacan joint venture corporations for P1 billion to a subsidiary of San Miguel Corp. as it focuses on other activities outside the East Zone concession......»»
Leviste keen on raising ABS-CBN stake
Businessman Leandro Leviste, the son of Sen. Loren Legarda, is willing to increase his stake in the Lopez family’s media company ABS-CBN Corp......»»
BAP selling PDS stake ‘at right conditions’
The Bankers Association of the Philippines is keen on selling its stake in the Philippine Dealing System Holdings Corp. to the Philippine Stock Exchange Inc. at the right conditions......»»
BPI readies issuance of dollar bonds
The Bank of the Philippine Islands is close to issuing its dollar-denominated bond sale, as it has started a series of fixed income investor meetings......»»
For sale: Unique lot in strategic Arctic archipelago
The last piece of privately owned land in the strategic Svalbard archipelago in the Arctic is up for grabs, a property likely to entice China but which Norway does not intend to let go without a fight. The archipelago is located halfway between mainland Norway and the North Pole, in an Arctic region that has.....»»