Recent Posts

DTI chief promotes franchising to aspiring entreps

Department of Trade and Industry (DTI) Secretary Ramon Lopez championed franchising as a business model to future entrepreneurs at a time when the Philippines is experiencing an economic resurgence. During his keynote address at the 2019 Franchise Asia Philippines on 27 March, Sec. Lopez stated that this is the best time to do business because the country’s sustained economic growth …

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PAL revises NAIA flight assignments

Beginning March 31, 2019, Philippine Airlines (PAL) flights to and from New York (JFK), Auckland (New Zealand), Hanoi (Vietnam) and Phnom Penh (Cambodia) will use NAIA Terminal 1 for both departures and arrivals.

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E-vehicles’ roadmap proposed

Although the Department of Energy has been promoting the use of electric vehicles (EV), Senator Win Gatchalian says it has produced only a few policy instruments to support the growth of EVs in the country.

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ICTSI FY2018 Net Income Up 22% to $221.5M

International Container Terminal Services, Inc. (ICTSI) reported its audited consolidated financial results for the year ended December 31, 2018. Consolidated volume higher by six percent to 9,736,621 twenty-foot equivalent units (TEUs) (FY2017: 9,153,458 TEUs) Revenue from port operations increased 11 percent to US$1.4 billion (FY2017: US$2 billion) Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) grew 11 percent to US$642.2 …

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