Cebu Air, Inc. on Thursday said net loss narrowed to P1.9 billion in the second quarter of the year from P6.5 billion last year , on the back of higher passenger volume after travel restrictions eased. The airline saw its revenue for the second quarter increase by 337 percent to P13.97 billion from P3.2 billion… Read More Cebu Pacific posts lower net loss to P1.9B in Q2
2GO Group, Inc. (2GO), a subsidiary of SM Investments Corporation, said it posted a P109 million net profit in the second quarter of the year, a solid turnaround from P308.7 million net loss in the same period last year. The company said the strong performance was driven by increased activities in the second quarter across… Read More 2GO posts P109M net income in Q2
ABS-CBN Corp. on Thursday announced the acquisition of a 35 percent stake in TV5 Network Inc. that would help the Pangilinan-led broadcasting network grow and strengthen its free to air network while further expanding the audience reach of the Lopez-led company. ABS-CBN and TV5 executed on August 11 the investment agreement that will allow… Read More Buong Pamilya na! ABS-CBN acquires 35% stake in TV5 for P2.16B
Land Transportation Office (LTO) has appealed to local government units (LGUs) to suspend the no contact apprehension policy (NCAP )and consider reviewing such traffic policy. Teofilo Guadiz III, LTO chief and Department of Transportation (DOTr) assistant secretary encouraged the LGUs to sit down with the LTO to iron out guidelines, including the complaints of operators… Read More ๐๐๐ ๐ฎ๐ซ๐ ๐๐ฌ ๐๐๐๐ฌ ๐ญ๐จ ๐ฌ๐ฎ๐ฌ๐ฉ๐๐ง๐ โ๐ง๐จ ๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฉ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐จ๐งโ ๐ฉ๐จ๐ฅ๐ข๐๐ฒ
DTO Telecommunity Corp. said it is also a victim of fraudulent cals from dominant players Globe Telecom and Smart Communications Inc.. Atty. Adel Tamano, chief administrative officer of DITO said these International Simple Resale (ISR) calls “are not made by DITO.” “Rather, these are fraudulent calls made by third parties โ and DITO is equally… Read More Biktima din kami! DITO says Smart, Globe also engage in fraudulent calls
Smart Communications, Inc. (Smart) said it is “not engaged” in any act of constituting abuse of dominant position or anti-competitive behavior against DITO Telecommunity Corp. Atty. Roy Ibay, Vice President for Regulatory Affairs, said that DITO’s claimed that its subscribers are not being allowed to interconnect with the Smart network was “simply false.” โSmart and DITO… Read More ‘Di totoo yan! Smart refutes DITO allegations of anti-competitive behavior
Smart Communications, Inc. (Smart)’s ramped-up network expansion continues to reach more areas across the country, including the island municipality of Capul in Northern Samar. For Jackielyn Cabacang, 38, a resident of Brgy 5 Poblacion in Capul, the recent firing up of Smart LTE in their area has been a great help to their town, especially… Read More Smart LTE expansion keeps Northern Samar island town connected
The NLEX Corporation is ramping up the enforcement of the anti-overloading policy to further ensure the safety of motorists plying the NLEX-SCTEX as it now implements the 33-ton weight limit on the Candaba Viaduct Southbound while the urgent repairs are ongoing. Pampanga Governor Dennis Pineda supported the move and gathered truckers and relevant agencies to… Read More NLEX intensifies anti-overloading operations
International Container Terminal Services Inc. has rolled out a new mobile application that gives port users access to its newest digital services. The company’s latest innovation grants port users real-time access to critical logistics data across ICTSIโs global operations. Using the app, port stakeholders can monitor trucks, containers and vessels, as well as view payment… Read More ICTSI rolls out suite of digital services with new app
Globe Telecom Inc. has asked the National Telecommunications Commission (NTC) to require DITO Telecommunity to pay for interconnect penalties amounting to P622 million. The penalties were brought about by fraudulent calls placed through DITO’s network to Globe, bypassing proper voice traffic channels. An average of 1,000 fraudulent callsโ identified as international in origin but masked… Read More Globe says fraudulent calls continue to illegally pass through DITOโs network
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