Recovering from the pandemic is the challenge of a lifetime. We need to revive our faith in our institutions and our future as a nation. Then, we can invest our time and our money in patronizing local businesses and visiting our vast and beautiful country. Inquirer’s Project Rebound can be a catalyst in this movement…
Metro Pacific Tollways Corp. is setting aside about P12 billion this year for capital spending for three expressway projects in southern Metro Manila and neighbouring provinces. Under subsidiary MPT South Corp., the tollroad giant said the largest share or P6.49 billion would go toward the 45-kilometer Cavite Laguna Expressway (Calax) while P5.34 billion would be…
For more than a hundred years, Pilipinas Shell Petroleum Corp. has been at the forefront of helping the Philippine economy by providing mobility solutions to customers all over the country. As the Philippines starts to recover from the havoc wrought by the COVID-19 pandemic, Pilipinas Shell wants to be there, too, in part by transforming…
For Filipinos, who have increasingly preferred traveling to de-stress, it has been a heavy blow. The rise in coronavirus cases earlier this year and the resulting reinstatement of restrictions did not help. While some spots did not entirely close for tourists within their bubbles, out-of-town trips remain a dream in hotspots until the numbers go…
Varying levels of quarantine restrictions imposed since March of last year to contain the spread of COVID-19 have drastically reduced traffic along the country’s main expressways. This has undeniably affected the bottom line of Metro Pacific Tollways Corp, the toll operations arm of Metro Pacific Investments Corp. (MPTC) that operates a network of toll roads…
With people now more conscious about their health and safety, businesses under the travel and hospitality sector, as they continue to bear the brunt of the pandemic’s economic impact, need to focus on the future of Philippine tourism: to become an industry that creates “low-density and high-value” experiences for consumers. In short, according to…
BORONGAN CITY, Eastern Samar—As the province has been able to keep COVID-19 cases to a minimum, some municipalities and this capital city have started to reopen their doors to leisure travelers, albeit just from the province for now. Borongan Mayor Jose Ivan Agda has allowed the opening and resumption of activities of local attractions…
Conglomerate Aboitiz Equity Ventures (AEV) saw a 276-percent year-on-year first quarter net profit growth to P7.6 billion, driven by the sharp earnings rebound across its power, banking, food, real estate and infrastructure businesses. Excluding non-recurring items, AEV’s core net income for the first three months of 2021 amounted to P7.8 billion, up by 243 percent…
The Philippine economy is well positioned for a sharp rebound after the coronavirus pandemic, thanks to structural reforms implemented after previous crises, especially in the banking system, according to the country’s chief financial regulator. In particular, Philippine banks are strong enough to weather the downturn brought about by the COVID-19 crisis due to their sufficient…
ILOILO CITY—Boracay Island’s tourism industry players are struggling to survive and are now pinning their hope on the government’s promised support under a “new normal” era that will focus on an eco-friendly strategy that combines “work and leisure” for tourists going to the island. “The current situation in Boracay is dire with most of the…