REICELENE JOY IGNACIO

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The Quezon City Regional Trial Court (RTC) denied the motion to dismiss the lawsuits filed by students against Panda Coach Tours Inc., (PCTI) Harana Buses and Bestlink Colleges of the Philippines over the bus tragedy in Tanay, Rizal last February that resulted in 15 casualties and 40 injured. The defendant,…

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LOW-COST carrier Cebu Pacific said its first quarter net income fell 68.2 percent to P1.28 billion from P4 billion a year ago due to increased expenses arising from higher fuel prices coupled with a weaker of Philippine peso.The airline told the stock exchange on Wednesday that its operating expenses swelled…

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EXPORT volumes slipped by 8 percent to 9.04 million metric tons (mmt) in the first quarter of the year from 9.78 mmt in the same period last year, the Philippine Ports Authority said on Tuesday. “The critical developments clouting the mining industry has affected the industry’s shipments in several ports…

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LISTED port operator International Container Terminal Services Inc. (ICTSI) reported a 23-percent increase in first-quarter net income to $51.7 million from $42.2 million a year earlier on the back of volume growth and new contracts. Gross revenues from port operations increased 12 percent to $297.2 million, mainly due to volume…

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State-owned Land Bank of the Philippines (LBP) on Monday launched its first inclusive banking center to allow cashless payment transactions at the main office of the Land Transportation Franchising Regulatory Board. LBP President and Chief Executive Officer Alex Buenaventura and LTFRB Chairman Martin Delgra 3rd signed a Memorandum of Agreement…

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Subic Bay Freeport can be a key international trading gateway of the Philippines, port operator International Container Terminal Services Inc. said in a statement, highlighting recent upgrades in equipment and performance at the terminal that keep it at par with the company’s operations in Manila. “As a national port operator,…

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STATE-OWNED Clark International Airport Corporation (CIAC) said it aims to add Japan, Taiwan and Thailand to its list of direct-flight destinations this year. “There are many passengers asking if we have flights to Thailand, Taiwan and Japan. Those three countries,” CIAC President and CEO Alex Cauguiran told reporter over the…

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LISTED port operator Asian Terminals Inc. (ATI) has declared a cash dividend of P0.43 per share or a total cash dividend of P860 million, to be paid out on June 15 this year to shareholders of record on May 19. According to ATI, the cash dividend represents 45 percent of…

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WHILE Asia’s biggest budget carrier AirAsia Group is eyeing an initial public offering (IPO) next year as an Asean stock, its Philippine unit is pursuing a listing this year to finance its fleet expansion. Once the funds are available from the IPO, “it would be easy for me to lease…

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The Light Rail Transit Authority, LRT-2 operator, launched on Friday its Passenger Assist-Rail Display System (PARDS) that provides passengers on board real-time news, emergency advisories, and the schedule of train arrival and departure. The project, unveiled at the LRT-2 Cubao station, is a proprietary technology, provided at no cost to…

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