Cebu Pacific to raise US$ 500m fresh capital
Manila – Philippine budget carrier Cebu Pacific (CEB) is seeking to raise US$500 million in additional capital to beef up its balance sheet so as to weather the pandemic storm. CEB told the Philippine Stock Exchange that it will seek … Continue reading Cebu Pacific to raise US$ 500m fresh capital
Philippines: MSME hotel owners support each other
Manila – It has been tough for big players of the embattled Philippine travel and tourism, but more so for the micro, small and medium enterprises (MSMEs) – comprising the majority of the industry – that have moved for their … Continue reading Philippines: MSME hotel owners support each other
Errupting volcano shuts down Philippine capital
MANILA – Schools and businesses shut across the Philippine capital on Monday as a volcano belched clouds of ash across the city and seismologists warned an eruption could happen at any time, potentially triggering a tsunami. Thousands of people were … Continue reading Errupting volcano shuts down Philippine capital
Philippines: Typhoon kills at least 13
MANILA – A typhoon that struck the central Philippines over Christmas has killed at least 13 people, disaster agency officials said on Thursday. Typhoon Phanfone hit the Philippines late on Tuesday with winds of up to 120 kph (75 mph) … Continue reading Philippines: Typhoon kills at least 13
Philippines: Lufthansa Technik opens new hangar
MANILA — Lufthansa Technik Philippines (LTP) on Wednesday held a groundbreaking ceremony of a new hangar, to be called Hangar 1A, at its hub in Pasay City. The creation of Hangar 1A would increase LTP’s capacity by 20 percent and would … Continue reading Philippines: Lufthansa Technik opens new hangar