Philippine Airlines (PAL) obtained a 12-year loan to be able to acquire new jet engines, the airline’s first export credit agency (ECA) financing in more than a decade after the airline grappled with a major post-pandemic restructuring due to enormous debt. The loan, arranged through ECA financing by Citi and UK Export Finance (UKEF), will used for the purchase of …
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DUBAI, United Arab Emirates — Opening of the recent Dubai Air Show was marked by the announcement of Emirates (state-owned UAE carrier) ordering 65 Boeing 777-9 aircraft, as the carrier looks to expand its fleet arising from record earnings and mounting demand for flights through the East-West travel hub. Emirates valued the deal with Boeing and GE Engines at $38 …
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The Department of Transportation (DOTr) will implement a proposed ferry system in Metro Manila starting 2026 after near completion of a feasibility study, with potential investors and private sector partners expressing interest. The feasibility study for the Manila Bay-Pasig River-Laguna Lake (MAPALLA) Ferry System was initiated some two years ago but completion was delayed after DOTr included new inputs from …
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Wellness tourism was center of discussion at the recent 2025 TravMedia Summit Asia held in Singapore, attended by more than a hundred participants, including international media. Speakers included Flex Studio founder-director Heather Thomas; Six Senses Hotels Resorts Spas wellness vice president Mark Sands; Four Seasons Hotels and Resorts Regional Vice President Peter Draminsky; and Oster Group co-founder and chief medical …
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The islands of Boracay and Amanpulo are included in separate lists of the Condé Nast Traveler’s 2025 Readers’ Choice Awards. The 28th edition of the awards by the luxury lifestyle and travel magazine comes from the votes of readers in the United Kingdom. Amanpulo placed 5th in the Rest of Asia division of the Best Resorts in the world list, scoring 94.77 …
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Philippine Airlines (PAL) is shifting strategy toward premium leisure, planning regular flights to Maldives and Palau. PAL requested the Civil Aeronautics Board (CAB) for flight allocation of entitlements to the Maldives under the Philippines-Maldives Air Services Agreement signed in 2018. The agreement allows each country’s designated carriers an initial weekly entitlement of 1,200 seats between Manila and the Maldivian capital, …
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The electric vehicle (EV) industry in the Philippines is projected to experience“exponential growth,” according to the Electric Vehicle Association of the Philippines (EVAP), with total EVs expected to reach at least 2.5 million units by 2040. During the recent 13th Philippine Electric Vehicle Summit held in Pasay City, EVAP president Edmund Araga said the target is “within reach” as sales continue to break records. EV registrations “skyrocketed to 29,715 from January to July this …
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Move As One Coalition, a mobility advocate group, is urging the Department of Transportation (DOTr) to prioritize the installation of more bike lanes and pedestrian walkways to ease the commute of millions of Filipinos. Move As One Coalition suggests that the 2026 budget for active transport be increased to as much as P3 billion citing that more Filipinos are now shifting to cycling or walking for their daily commute. Robert Siy, Move As One Coalition co-convenor, said DOTr has to shift its infrastructure mindset to prioritize the completion of active …
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The Department of Tourism (DOT) and the Integrated Bar of the Philippines (IBP) recently partnered in providing free legal assistance to DOT-accredited tourism enterprises nationwide while introducing a privilege card offering discounts to lawyers to boost domestic travel. Included in the IBP legal aid program are offer consultations, training and representation to qualified DOT-accredited companies and their employees. The initiative is designed to safeguard workers and businesses during disputes …
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Electric vehicle (EV) fleet operator Green GSM received the E-Mobility Award for Technology Adoption, presented by the Electric Vehicle Association of the Philippines (EVAP) for its leading role in advancing electric mobility and supporting the nation’s shift to sustainable transportation. The award was presented at the recent 13th Philippine Electric Vehicle Summit (PEVS). The recognition highlights Green GSM’s launch of the Philippines’ first all-electric taxi fleet …
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The Market Monitor Minding the Nation's Business