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Friday, March 29, 2024

Transport & Tourism

Cebu Pacific rebounded to post P7.9-b profit in 2023

Cebu Pacific Air (CEB) on Tuesday announced a return to profitability last year after suffering a net loss in 2022. The airline unit of the Gokongwei Group posted a net income of P7.9 billion last year, a turnaround from the P14-billion loss in 2022. It said fourth-quarter net income hit P2.9 billion, an improvement from the P1.9-billion net loss in the same period in 2022. “Moving forward, we are optimistic that Cebu...

FPIP helps Batangas town ease traffic woes

The local government unit (LGU) of Sto. Tomas, Batangas is teaming up...

MICT rolls out new solutions for port users’ convenience

Manila International Container Terminal (MICT), the Philippines’ main gateway for international trade,...

Vietnam firm investing $500m in PH transport sector

Vietnamese ride-hailing company Green and Smart Mobility Joint Stock Company (GSM), a...

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DOT urged to attract more Chinese tourists 

Quezon City Rep. Marvin Rillo, vice chairperson of the House committee on tourism, urged the Department of Tourism to attract more Chinese travelers. "The surge...

Clark attracts P44.5 billion worth of investments as of March 2024

Clark Freeport and Special Economic Zone attracted P44.5 billion worth of investments as of March 15, 2024, exceeding the targets set by Clark Development...

LTO denies ending LTMS contract

Land Transportation Office (LTO) chief and assistant secretary Vigor Mendoza II denied that the agency would terminate the contract on the operation of the...

Lufthansa Technik investing P8 billion to expand Clark hangar

German aerospace firm Lufthansa Technik Philippines (LTP) is spending P8 billion to expand its hangar in Clark Freeport, the Department of Trade and Industry...

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