FARNBOROUGH, United Kingdom (AFP) – British engine maker Rolls-Royce revealed plans to develop a hybrid electric vehicle, dubbed the “flying taxi,” which takes off and lands vertically and could be airborne within five years. The London-listed aerospace giant, which is based in Derby in central England, showed off the plans at the Farnborough Airshow for the first time, as other …

Boeing will take control of the commercial business of Brazil’s Embraer, the companies announced recently, better positioning the US aerospace giant to compete with rival Airbus in the market for smaller jets.

The P10-million fine imposed on Grab Philippines for allegedly overcharging passengers for almost a year has no actual legal basis, said Brian P. Cu, Grab Philippines head.

San Miguel Corp. (SMC) will submit an unsolicited proposal to build P3-billion bridge connecting Boracay Island to Caticlan.

The Department of Transportation (DOTr) plans to quadruple the total amount of the Pantawid Pasada subsidy to jeepney drivers and operators from P5,000 to P20,000 next year, the chairman of the House Committee on Ways and Means recently said.

The top partners of building solutions provider Holcim Philippines, Inc. welcomed the company’s commitment to stable cement supply and supported its thrust to provide innovative offerings that enable customers to thrive amid the healthy economy and better contribute to the country’s development.

Honda Philippines, Inc. (HPI), the number one motorcycle manufacturer in the Philippines, held the first leg of the Honda Ride Red in Davao City.

In today’s world of rising energy costs, Fujitsu Philippines, a leading Information Technology (IT) systems integrator and solutions provider, says that it is high-time for businesses to use energy efficient servers in a bid to lessen its negative implications to the environment.

Philippine Airlines sees significant cost savings on its long-haul routes, especially on the future nonstop Manila-New York flights — with the use of the new Airbus A350-900 airplanes.

International Container Terminal Services, Inc.’s (ICTSI) largest port concession in the Americas, Contecon Guayaquil SA (CGSA), further strengthened its market position as the main trading gateway in the entire Ecuador after recently getting the government’s nod to service larger vessels.