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Philippine_Airlines

MANILA – Flag carrier Philippine Airlines (PAL) may be forced to  lay off more employees due to revenue losses in the current imposed travel ban in countries hit by the COVID-19 outbreak. The layoff may depend on how its recovery goes once commercial flights are allowed to resume. According to Philippine Airlines President and COO Gilbert Santa Maria in an ANC interview that revenue losses are nearing $1 billion due

Philippine Airlines

MANILA, Philippines – The Philippine aviation industry on Monday, May 11, are asking lawmakers for financial aid of about P8.6 billion in monthly assistance to sustain operations, as the industry crashed due to the pandemic. Air Carriers Association of the Philippines vice chairman Roberto Lim said at the senate hearing on the resumption of mass transportation, that the industry needed funds would cover P1.3 billion for wage subsidy, P500 million

ABS-CBN

MANILA, Philippines – Billionaire Tycoon Dennis Uy, a campaign supporter of President Rodrigo Duterte, has denied speculations that his holding company Udenna Corporation has plans to acquire ABS-CBN Corporation. Dennis Uy said that the company has no plans on venturing into broadcasting as of the moment. “Let me be clear once and for all and say that we, in Udenna Corporation, have no intention to acquire ABS-CBN.” “Being in the

POGOs

MANILA, Philippines – Philippines’ biggest business process outsourcing companies have banded together and rejected Malacanang’s comparison of their operations with offshore gaming firms in the country that has given the go signal to resume operations. Harry Roque said on Friday that the government considered the Philippine offshore gaming operators as part of the BPO industry and approved to resume operations. IT and Business Process Association of the Philippines rejects Roque’s

Taiwan-workers

TAIPEI – Taiwan’s foreign ministry has dismissed the Philippine government’s call for the deportation of a Filipina worker critical of President Rodrigo Duterte’s response to the coronavirus disease 2019 (COVID-19) pandemic. Taiwan’s Ministry of Foreign Affairs spokeswoman Joanne Ou said that foreign workers enjoy the freedom of speech in the country and their rights and interests are being protected by the country’s laws and regulations. “Taiwan is a sovereign, independent

The Department of Budget and Management (DBM) is preparing to increase the budget for the installation of the 2019 novel coronavirus acute respiratory disease (nCoV) and assistance for the Taal Volcano eruption victims, Speaker Alan Cayetano said Friday.

The Department of Budget and Management (DBM) is preparing to increase the budget for the installation of the 2019 novel coronavirus acute respiratory disease (nCoV) and assistance for the Taal Volcano eruption victims, Speaker Alan Cayetano said Friday. Cayetano, in a statement, said he had obtained such assurance from DBM Chief Wendel Avisado at their meeting. Quezon Representatives Angelina Tan and Albay Rep. Joey Salceda are seeking an additional P2-billion

Philippine peso

The Philippine peso retreated on Thursday against the US dollar as market players were risk-averse amid fears of the novel coronavirus (n-CoV) spreading potential. The local currency lost 7 cents to close Thursday at P50.98:$1 from Wednesday’s P50.91:$1 finish. Therefore, fears about the new coronavirus led partly to an increase in market risk aversion, especially in affected Asian countries, with possible adverse effects on the regional economy and financial markets

Manila Water

Government-authored new water concession agreements have not yet hit Maynilad Water Services Inc. and Manila Water Co. Inc. Last Tuesday, President Rodrigo Duterte offered water companies Maynilad and Manila Water new concession agreements that do not contain provisions that are allegedly detrimental to the government and the public. In the event that Maynilad and Manila Water refuse to accept new agreements, Duterte will order the cancelation of their current water

airport

The Cagayan Economic Zone Authority (CEZA) plans to build a multi-million dollar airport within the free port region itself in a bid to draw more investors and establish a so-called “Asian Crypto Valley.” In 2017, the CEZA unveiled its “Crypto Valley of Asia” project in an attempt to provide blockchain developers and cryptocurrency exchange operators with a stable and safe area to house their back-office support infrastructure. The free port

Higher Grab

Ride-hailing service Grab is likely to charge cheaper fares in February due to the expected decrease in demand after the holiday season, said its president on Thursday. Advertisement Grab Philippines President Brian Cu said that an explosion of passengers booking on their app was observed in December 2019, which contributed to a recent surge in their fare. The higher the number of people booking the spike went up. If the