The company said on Tuesday it took delivery of a brand-new on April 2 while seven more planes from manufacturers Airbus and ATR were set to arrive for the remainder of 2021. Cebu Pacific said the delivery was in line with its fleet expansion and the replacement of older planes that burn more fuel. Operated…
Manufacturing sustained year-on-year growth in March, before the most stringent lockdown measures were again imposed in Metro Manila and four neighboring provinces that host economic zones and factories to contain the surge in COVID-19 infections. London-based global information provider IHS Markit Ltd. on Monday said the Philippines’ purchasing managers’ index (PMI) slightly eased to 52.2…
As the coronavirus pandemic continues to have a firm grip over the globe, the Indian government has extended a $50,000 grant to the local corn sector to highlight the importance of agriculture in the face of a pandemic. Indian Ambassador to the Philippines Shambhu Kumaran, in a forum organized by the Philippine Chamber of Agriculture…
MANILA, Philippines — A lawmaker has called on the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to reopen colleges and senior high schools in areas with low risk of COVID-19 transmission. But the government should retain other options such as homeschooling and online learning for parents who do not want to…
Fiber internet company Converge Information and Communications Technology Solutions Inc. went on a hiring spree to address network complaints and delays in installations as customer applications surged during the COVID-19 pandemic. “Currently, we have almost tripled the number of our customer contact agents, bringing our answer call rate to 90 percent,” said Pampanga-based businessman and…
The prolonged coronavirus pandemic will continue to exact a toll on people and businesses, but amid the rubble, the property sector is in a good position to rebound in 2021, property consulting veteran David Leechiu said. “The property market has been extremely resilient—one of the most resilient in the world and it’s sustained by a…
LINGAYEN, PANGASINAN—Tourists outside the Ilocos region are now allowed to visit Pangasinan after the provincial government eased travel restrictions this week. Gov. Amado Espino III issued an executive order removing the travel authority and medical certificates from the required documents when entering the province. But Espino asked tourists to check their destinations as some local…
Washington-based International Finance Corp. (IFC) of the World Bank Group has introduced financing support for Philippine banks that will lend to climate adaptation and mitigation projects amid a push for “green” recovery from the COVID-19 pandemic to generate trillions of dollars in fresh investments. “The program, ‘Scaling Up Climate Finance through the Financial Sector,’ is…
Banks will face an environment of accelerated innovation this year after investing resources to account for last year’s business model changes that were forced on the industry by the coronavirus pandemic, an international consulting firm said over the weekend. In a recently published study, Accenture said the financial services industry was forced to make years’…
The good news is that after a horrible 2020, when the coronavirus (COVID-19) pandemic wreaked havoc on the global economy, this year will be better. The Philippines is expected to exit an economic recession with the reopening of businesses and the rollout of COVID-19 vaccine to a critical mass of the population, which should shore…