Cebu Pacific is deferring plans to fly to Honolulu and the US mainland to focus on the growing domestic and regional demand.

Local oil refiner Petron Corp. has filed a case against state-owned Philippine National Oil Company (PNOC) for breach of a binding and compulsory sale-leaseback contract, saying such act threatens to hurt not only Petron’s operations and its shareholders but the broader economy that relies on its petroleum products.

Phoenix Petroleum Philippines Inc. recently signed a memorandum of understanding to acquire Philippine FamilyMart (PFM), the third largest convenience store brand in the country.