Business

Cebu Pacific cancels 41 flights due to NAIA red lightning alert

By Ma. Cristina Arayata/Philippine News Agency MANILA -- Local carrier Cebu Pacific (CEB) has cancelled a total of 41 flights from June 9 to 10 as a result of the red lightning...

Fuel prices to go down by more than P2/L Tuesday

Philippine News Agency MANILA -- Filipino motorists are in for a big treat thanks to world crude prices moving in a more consumer-friendly direction last week. In separate statements, local oil companies announced...

KAPA assets frozen over fraudulent investment scheme

PR/via Mela Lesmoras - PTV News The Court of Appeals has issued a freeze order on several banks accounts and other assets linked to Kapa-Community Ministry International, Inc. (KAPA), a nonstock corporation...

$586-M FDI inflow posted in March, hits $1.9-B in Q1

PR/Philippine News Agency MANILA -- Foreign direct investments (FDI) posted USD586 million net inflows in March 2019, which is lower by 13.9 percent than the USD681 million net inflows registered in the...

Tourism input to PH GDP rises to 12.7%; creates 5.4M jobs in 2018

PR | Philippine News Agency MANILA -- The tourism industry’s contribution to the economy reached another milestone in 2018 as it increased to 12.7 percent of the Philippines’ Gross Domestic Product (GDP), 0.5%...

PSEi higher, peso weaker as trading week closes

By Joann Villanueva/Philippine News Agency MANILA – The Philippine Stock Exchange index (PSEi) managed to end the week up amid risk aversion by investors but the peso went back to the 52-level...
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