Philippine Airlines (PAL) will add long-haul flights to London and North America this month as it expects strong demand for air travel during the Christmas holiday season. In a statement on Friday, PAL announced plans , daily fights to San Francisco and three to four weekly flights to Vancouver on the Canadian West Coast. It…
The still-raging COVID-19 pandemic is no doubt a challenge, but it has also been an opportunity. AIA Philippines, formerly known as AIA Philam Life, and its allied brand BPI AIA, which used to be known as BPI-Philam, found that the pandemic had heightened interest in insurance and also hastened the acceptance of digital technology by…
The manufacturing sector resumed expansion in September as quarantine curbs were gradually lifted, but global supply constraints and expensive inputs pose a threat to sustained recovery. The September purchasing managers’ index for the Philippines released by London-based global information provider IHS Markit Ltd. on Friday showed , reversing the contraction in August when Metro Manila…
More than a year into the pandemic that dragged the economy last year to its worst recession since World War II, corporate Philippines is finally regaining some growth momentum despite the reimposition of tough lockdown protocols and the resurgence of COVID-19 cases arising from the more contagious Delta variant. During the second quarter corporate earnings…
While many businesses remain in the grip of the Corona virus disease 2019 (Covid-19) pandemic and still caught in the here and now, Toyota Motor Philippines Corporation (TMP) is looking ahead and preparing for a post-Covid future that may be just a few months ahead. TMP firmly displayed its optimism and confidence that things were…
The Megaworld group’s e-commerce startup, Pick-a-roo, has grown its online consumer marketplace since debuting at the height of the COVID-19 pandemic, breaching 1,000 brands and 150,00 products across various categories to date. “We have been carefully curating and selecting our merchant partners to provide only the best offerings to our customers,” said Kevin Tan, president…
Over a year into the COVID-19 pandemic that sank Asia-Pacific (Apac) into a recession, many economies in the region have weathered what they hope is the worst of the storm. Although most economies are tipped to rebound to prepandemic levels this year —thanks to factors such as the rollout of vaccines, revival of global demand…
Filipino consumers are more optimistic about the coming final quarter of the year, but are less upbeat about their prospects for the next 12 months, according to the results of the central bank’s latest consumer confidence survey. At the same time, a parallel business confidence survey issued simultaneously by the Bangko Sentral ng Pilipinas (BSP)…
Toyota Motor Philippines Corporation (TMP) has inaugurated its P4.7-billion logistics hub in Batangas, which can store up to 4,500 imported units at a time, freeing up space in its facility in Laguna to store locally produced cars. TMP said in a statement on Friday that it inaugurated its Batangas Vehicle Center (BVC), about six kilometers…
Conglomerate Ayala Corp. is returning to the offshore bond market for the first time since the start of the COVID-19 pandemic, while also offering to redeem as much as $800 million worth of older and costlier perpetual bonds to take advantage of the slowdown in interest rates since last year. The country’s oldest business house…