THE TWO MAJOR local airlines scored a victory against rival Emirates after regulators handed down a fine of P1.8 million against the Middle Eastern carrier for the unauthorized sale of Manila-Dubai tickets beyond Dec. 26. Carmelo L. Arcilla, executive director of the Civil Aeronautics Board (CAB), said in a text message on Friday that his agency also ordered the airline to stop selling tickets for a third daily Manila-Dubai flight scheduled for after Dec. 26.
AN EASING in congestion at the ports in the last eight months could be undone by the recently-implemented truck ban on Roxas Boulevard, a road used by more than 30% of the trucks servicing the harbor area , the private sector-led Port Congestion Multi-Working Group (PC-MWG) said on Friday.
EUROPEAN Union (EU) representatives on Thursday highlighted opportunities for deeper trade and investment ties between the Philippines and the EU, in light of the country’s prospective admittance to an expanded tariff-reduction scheme, amid a continuing push for a free trade agreement.
PETRON CORP. has assured that it can keep fuel prices and supply stable even with the looming shutdown of its operations at Manila’s Pandacan district as ordered by the Supreme Court (SC).
SWISS financial services group UBS AG has trimmed its growth forecast for the Philippines this year following a lower-than-expected gross domestic product (GDP) result in the third quarter but kept its growth targets for next year and 2016.
THE PHILIPPINES improved slightly in an annual ranking of “nation brands,” backed by a robust tourism sector and enhanced ratings for local skills.
ROXAS Holdings, Inc. (RHI) and Global Business Power Corp. (GBPC) will establish a joint venture that will undertake a 40-megawatt (MW) biomass power project in Negros Occidental, which is targeted for completion in 2017.
IN OUR SECOND installment of this three-part series on the importance of working capital in valuation, we talked about effective working capital planning, benchmarking, setting target levels, and managing working capital as part of a continuous improvement process. In this last installment, we will cover the actual tactics one can implement for effective working capital management. All of these tactics, applied on an ongoing basis, can help a firm optimize its cash flow and hence, its business enterprise valuation.
DAVAO CITY — Secretary Gregory L. Domingo of the Department of Trade and Industry (DTI) is confident that the Philippines can become the 16th largest economy in the world, even surpassing Singapore, by 2050.
THE JOINT resolution which lays out the options for government in dealing with next year’s power crisis is expected to be approved by the House of Representatives within the week, the chairman of the energy committee said.