MARIA LAURA ANGELES-GIONGCO, TMT

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SELF-CONFESSED drug dependent Robert Coronel (not his real name) is holding out even if tens of thousands of people have already turned themselves in to authorities for drug-related offenses. Coronel, 39, who works as a tricycle driver in Tondo, Manila, is worried that no one will look after his wife…

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Davao City mayor Rodrigo Duterte’s victory is not expected to have an immediate impact on the country’s sovereign rating as the Philippines still continues to reap the harvest of the outgoing Aquino Administration, Fitch Ratings said on Monday. “The victory of Rodrigo Duterte in the Philippines presidential election has no…

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Cebu Pacific Air’s (CEB) net income in the first quarter of 2016 took off by 81 percent, propelling the budget carrier’s bottom line to P4 billion. CEB attributes the strong financial performance to improved online bookings, a wider range of ancillary revenue products and services. In the same period last…

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The transportation department has pushed back the submission of pre-qualification documents for the Bacoor to Dasmariñas, Cavite Light Rail Transit Line 6 (LRT6) in order to allow bidders more time to prepare the necessary documents. The submission of pre-qualification documents was originally scheduled this coming Friday, May 12. But the…

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The Civil Aviation Authority of the Philippines (CAAP) said it will construct women-responsive and children-friendly facilities in the 44 commercial airports after Democratic Independent Workers Association (DIWA) Partylist Rep. Emmeline Aglipay-Villar pointed out that Philippine airports do not address women and children’s needs. DIWA said Philippine airports managed by CAAP…

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MPCALA Holdings Inc., the winning bidder for the P35.42-billion Cavite-Laguna Expressway (CALAX) public-private partnership (PPP), expects to break ground for the project in the first quarter of 2017, a top official of Metro Pacific Investments Corp. (MPIC) unit said. MPCALA, a sub-unit of MPIC’s tollroads arm Metro Pacific Tollroads Corp.…

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THE government is still hopeful that the seemingly endless tug of war between the Toll Regulatory Board (TRB) and tollroads units of the Metro Pacific Investment Corporation (MPIC) over delayed toll rate increase requests can be settled in amicable talks, an official from TRB said. “We would like settlement talks,”…

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THE mobile communications units of telecommunications giant PLDT Inc. (PLDT) lost 400,000 subscribers during the first three months of the year, mostly due to a cleanup of inactive postpaid accounts, Chairman and Chief Executive Officer (CEO) Manuel Pangilinan said. “We lost approximately 400,000 subscribers on the wireless side for the…

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AYALA-LED Globe Telecom (Globe), which posted 14 percent growth in first quarter consolidated service revenues, has approved a cash dividend of P22 per share for its shareholders payable in June. Globe said its board approved the declaration of a second quarter cash dividend of P22 per share for holders of…

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