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PAL profit tumbles on price pressures

Flag carrier Philippine Airlines felt the shock of ballooning prices of fuel and services in the first quarter of the year, suffering a 13- percent drop in profit due to higher spending......»»

Category: financeSource: philstar philstarMay 2nd, 2024

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

Market tumbles below 6,800 amid profit taking

The stock market fell below the 6,800 level yesterday as investors continued to engage in profit taking following its recent rally......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

Toral: Philippine economy continues to expand amidst external pressures

Toral: Philippine economy continues to expand amidst external pressures.....»»

Category: newsSource:  sunstarRelated News4 hr. 15 min. ago

Selling pressures drag local stocks down

The Philippine Stock Exchange index fell below the 6,900 level, slipping by 0.31 percent or 21.72 points to end at 6,891.49 amid selling pressures at the start of the trading week......»»

Category: financeSource:  philstarRelated NewsFeb 26th, 2024

SBI s net profit grows 18% in fourth quarter, 20.5% for entire 2023-24

New Delhi [India], May 9 (ANI): The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March, aided by strong credit growth. SBI reported a net profit of Rs 18,094 crore in the year-ago period. Consolidated net profit during the entire financial year 2023-24 rose by 20.55 per cent to Rs 67,085 crore as against.....»»

Category: newsSource:  manilanewsRelated NewsMay 10th, 2024

Figaro quarterly profit up 7% y/y (121% q/q)

Figaro posted a Q2 profit of P195 million, up 7% from its Q2/22 profit of P182 million, and up 121% from its Q1 profit of P88 million......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

NFA mulls hike in selling price

The National Food Authority is considering raising its selling price of rice to as much as P36 per kilogram to recover its costs and keep profit margins after it increased its palay buying price last year......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

Shell Pilipinas profit tumbles to P1.2 billion in 2023

The earnings of Shell Pilipinas Corp. plunged by 70.7 percent to P1.2 billion in 2023 from P4.1 billion in 2022 on the back of declining global fuel prices and elevated interest rates......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

PAL prospers post-pandemic, triples profit

Lucio Tan-owned Philippine Airlines tripled its profit to nearly P17 billion in 2023, lifted by its sustained dominance in the market for international travelers even with the entry of new players......»»

Category: financeSource:  philstarRelated NewsApr 1st, 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

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

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 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

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