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Sinulog 2024: Modern jeepneys to ply SRP routes on Jan. 21 festival
CEBU CITY, Philippines — There will be modern public utility jeepneys (MPUJs) that will be operating on the day of the ritual showdown. This was confirmed by Lawyer Kent Franceso Jongoy, legal officer of Cebu City Transportation Office (CCTO). Jongoy said that among the issues that they encountered in last year’s Sinulog was the lack.....»»
Market still not conducive for IPO
PNB Holdings Corp., a wholly-owned subsidiary of the Philippine National Bank, is ready to conduct an initial public offering, according to Carlu Fernandez, Philippine Airlines’ general counsel, but market conditions are still not conducive to an IPO at this time......»»
A gold rush trap: How smuggled migrants end up exploited in African mines on their way to the Mediterranean
The Mediterranean is one of the largest and deadliest migration routes in the world.In the Kedougou region of south-east Senegal, deep black holes dot the otherwise golden and green savannas. The area, on the border with Mali, is home to 98 per cent of the country's gold mines. Local villagers have been digging for the precious metal for decades, but in recent year.....»»
New Delhi raises target for defense exports
India is set to increase production of aircraft engines and gas turbines, aiming to become a major player in the arms tradeThe Indian government has increased its annual target for defense and aerospace production to $36 billion, while raising the export target to $6 billion. Indian Defense Minister Rajnath Singh said the country aims to increase its production of jet engines and gas turbines to.....»»
Korean Air, Cathay Pacific aircraft clip wings at Japan airport; no injuries
(1st UPDATE) The incident happened at the New Chitose Airport on Japan's northern island of Hokkaido amid wintry conditions.....»»
Newly-established airline to serve BARMM air routes
A new airline will start operating in the Bangsamoro region on April 24, which is poised to stimulate economic activity and attract external investors to explore viable business opportunities in the area......»»
NASA helicopter ends mission after 3 years in Mars
NASA’s Ingenuity Mars helicopter, which made history by achieving the first powered flight on another world, has officially ended its nearly three-year mission after sustaining rotor damage during its last outing, the space agency said Thursday. The tissue-box sized aircraft, which hitched a ride to the Red Planet under the belly of the Perseverance rover,.....»»
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......»»
Higher shipping costs loom as Red Sea route suspended
The suspension of Red Sea routes by major shipping lines because of the continued attacks of Iran-backed Houthi rebels in Yemen is expected to result in higher shipping rates and delay the trade of goods which may affect exporters from ecozones, the Philippine Economic Zone Authority said yesterday......»»
Check if your jeepney, UV Express route will still exist by February 1
There are 395 jeepney and 108 UV Express routes that could be wiped out in Metro Manila by February 1. Check this database to see if your route is one of them......»»
‘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......»»
New world hotel kick off Lunar New Year
As the Wood Dragon ascends in 2024, New World Makati Hotel invited guests to celebrate Chinese New Year with auspicious menus at their popular Chinese restaurant Jasmine. There was also a feng shui forecast for the year by geomancer Patrick Lim Fernandez of Yin and Yang Shop of Harmony......»»
Data centers: Philippine’s new investment magnet
When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»
More Pinoys eye new loans this year
Eight in every 10 Filipinos saw more accessible credit options last year, with more than 50 percent of them eyeing to take new loans this year......»»
EDITORIAL - Minimum inconvenience
With just over a week to go before the deadline, 313 routes in the National Capital Region still lack a consolidated transport service entity, according to data from the Land Transportation Franchising and Regulatory Board. After a one-month grace period, the LTFRB says it will no longer give another extension of the deadline, as it cited a 76.6 percent consolidation rate nationwide......»»
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......»»
Supersonic missiles will be delivered to PH soon, says India envoy
The first batch of BrahMos supersonic cruise missiles will soon be delivered to the Philippines. This is according to Indian Ambassador to Manila Shambhu Kumaran. Last year, a December 2023 delivery for the missiles was set, according to a representative of the weapons manufacturer. “We’re working toward the earliest possible arrival. I don’t have a.....»»
BrahMos missile system supplies from India continue to reach Philippines under USD375 million deal
New Delhi [India], April 21 (ANI): Supplies of the BrahMos supersonic cruise missiles from India to the Philippines under a USD 375 million deal, continue as part of the contract between the two nations, defence officials said. The missile system supplies reached at an air base in Manila from India in a chartered Ilyushin-76 transport aircraft on Sunday, they said. Officials from India and the Philippines are receiving th.....»»
India delivers BrahMos supersonic cruise missiles to Philippines
Manila [Philippines], April 19 (ANI): India delivered the BrahMos supersonic cruise missiles to the Philippines on Friday, as part of the USD 375 million deal between the two sides signed in 2022. The Indian Air Force sent its American origin C-17 Globemaster transport aircraft with the missiles to the Philippines to deliver the weapon system to the Philippines' Marine Corps, according to the defence sources. The export o.....»»