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  • Dubai airport retains top international spot in 2017

    February 5, 2018 8:18 AM 5

    DUBAI, United Arab Emirates – Dubai airport was the world's busiest for international passengers in 2017 for the fourth year running, with 88.2 million travelers, the United Arab Emirates' state news agency WAM said Monday, February 5. International traffic at the UAE airport increased by 4.6 million passengers compared to the previous year, WAM said, despite

  • Megaworld to open P2.2-billion mall in Iloilo, first in Visayas

    February 5, 2018 7:41 AM 3

    MANILA – Megaworld Corp said Monday it would open a P2.2 billion mall in Iloilo in April, its first full-scale mall in the Visayas. The three-floor Festival Walk Mall, which covers 90,000 square meters of gross floor area, is located inside the Iloilo Business Park, Megaworld told the stock exchange. The mall is expected to generate 3,500 jobs in retail

  • PLDT outlines P50-billion capital spending this year

    February 5, 2018 7:30 AM 6

    MANILA – PLDT Inc on Monday outlined how it planned to spend a record P50 billion this year to aid its shift to digital services. The company has set aside a total of P260 billion over 5 years as it competes with Globe Telecom while preparing for the entry of a third player. "This is a massive effort to turn our networks into powerful, pervasive and resilient

  • Financing must be easier for small businessmen: Habito

    February 5, 2018 4:38 AM 4

    MANILA - Filipinos can ride on the growing economy by becoming entrepreneurs, former economic planning secretary Cielito Habito said. Habito said the government should make bank loans more accessible to micro, small and medium enterprises. Compared to other countries in Southeast Asia, Habito said the MSMEs in the Philippines contribute less to gross

  • AirAsia launches 3 domestic flights to, from Clark

    February 5, 2018 4:23 AM 4

    MANILA, Philippines – Philippines AirAsia Incorporated is now flying from Clark, Pampanga to Tacloban, Leyte; Puerto Princesa, Palawan; and Iloilo. The budget airline announced in a statement on Monday, February 5, that it flew its maiden flight from Clark to the Iloilo International Airport, the primary gateway to Western Visayas and Panay, last Saturday

  • PAL increasing flights to China

    February 4, 2018 4:00 PM 7

    MANILA, Philippines — Philippine Airlines (PAL) is ramping up operations in China by increasing flight frequencies and opening new destinations in line with a national campaign which seeks to bring in two million Chinese tourists per year. The flag carrier said in a statement it would increase flights between the Philippines and China to 103 times per week starting

  • PLDT sets aside over P150 billion for expansion until 2020

    February 4, 2018 1:07 PM 7

    from 2016 – the year PLDT embarked on its network and information technology (IT) transformation programs – to nearly P260 billion. What this means is that for every P1 of service revenue, we reinvest between 30 centavos to 35 centavos in the business to super-charge our networks and advance our digital transformation program," PLDT chairman and chief

  • Destileria Limtuaco luring tourists back to Intramuros

    February 3, 2018 4:00 PM 5

    MANILA, Philippines — Manila’s Walled City is expected to attract a share of wine enthusiasts, brought by the opening of a distillery museum. In a statement, Department of Tourism(DOT) Secretary Wanda Teo said the launch of the Destileria Limtuaco Museum in Intramuros would help boost Manila City’s tourism. “With a lot of Filipinos also being wine and spirit

  • BSP likely to keep policy rates steady

    February 3, 2018 4:00 PM 16

    MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may hold off a rate hike this week but is seen to shift to a more decisive, hawkish tone in preparation for an eventual hike in March, investment bankers said. Nomura economist Euben Paracuelles said inflation likely kicked up to 3.8 percent last month from 3.3 percent in December

  • PDIC bidding out P100-M bank assets

    February 3, 2018 4:00 PM 7

    MANILA, Philippines — State-run Philippine Deposit Insurance Corp. (PDIC) is disposing close to P100 million worth of foreclosed assets consisting mostly of residential and commercial lots. In a statement, PDIC said its Real and Other Properties Acquired (ROPA) Committee would bid out assets with an aggregate minimum disposal price of P93.3 million on an “as-is