Domestic shipping firms seek separate policy for local seafarers

The PHILIPPINE Coastwise Shipping Association (PCSA) and other stakeholders in the local shipping industry remain firm in their stand against the passage of the Magna Carta for Filipino Seafarers. During the public hearing on Thursday, Feb. 2, 2023, at Bai Hotel in Mandaue City, presided by Kabayan Partylist Rep. Ron Salo, chairman of the Committee […]

PEZA announces push for locators serving domestic market

THE Philippine Economic Zone Authority (PEZA) said it is targeting locators hoping to sell to the domestic market. “Ultimately, domestic production contributes to gross domestic product (GDP). It cannot be just exporters doing all the production. This is also a sign of strength when we see domestic output increasing. If we aggregate all these domestic […]

Feed millers bat for corn industry modernization

THE Philippine Association of Feed Millers, Inc. (PAFMI) said the government needs to modernize the corn industry in light of increasing demand for animal feed. “A national corn development program that encompasses the whole value chain starting from the farm until the produce reaches the market and industrial users will allow the country to reduce […]

Debt service bill declines 24% in November

The National Government’s (NG) debt service bill fell 24.4% year-on-year in November following a large principal payment to foreign creditors. According to preliminary data from the Bureau of the Treasury (BTr) the government paid P61.389 billion to service its debt against P81.239 billion ia year earlier. Month-on-month, debt payments rose 54.2% from P39.817 billion in […]

DMW seeking to deploy more caregivers to HK

THE Department of Migrant Workers (DMW) said on Thursday that it is planning to hold bilateral talks with Hong Kong (HK) labor officials to deploy more caregivers to the city this year. In a statement, the DMW said a delegation will hold exploratory talks in Hong Kong next month to discuss caregiver jobs and the […]

MCIAA: All flight routes to normalize by Q4 of 2023

IT WILL take 10 more months for pre-Covid-19 pandemic international and domestic flight routes at the Mactan-Cebu International Airport (MCIA) to return to normal, an airport official said. Mactan-Cebu International Airport Authority (MCIAA) General Manager Julius Neri told SunStar Cebu on Thursday, Jan. 5, 2023, that they expect all flight routes to resume by the […]

Air travel approaches pre-pandemic levels

LOCAL airlines are closing 2022 on a high note and are expecting a continued increase in load factor and forward bookings. AirAsia Philippines said it recorded a load factor of 93 percent as of Dec. 19, 2022. The top-performing destinations preferred by guests for domestic travel include Zamboanga with a 98 percent load factor, Puerto […]

Cebu Pacific restores 92% of pre-pandemic systemwide capacity

GOKONGWEI-LED Cebu Pacific (CEB) announced it has restored 92 percent of its pre-pandemic systemwide capacity following the continuous increase of its domestic and international routes. The airline told the local bourse Tuesday, Dec. 6, 2022, that it now flies an average of 355 flights a day, covering 34 domestic and 19 international destinations. This is […]

PAL expands Cebu hub with new routes, pioneer services

AS the world is slowly recovering from the onslaught of the global pandemic, Philippine Airlines (PAL) resumes in embarking on significant expansion with brand new routes that cater to direct regional and domestic flights to Baguio, Borongan, Bangkok, and Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) for the holiday season. On Nov. 23, Philippine Airlines […]

NG debt hits record P13.52 trillion amid weak peso

THE NATIONAL GOVERNMENT’S (NG) outstanding debt hit a record P13.52 trillion as of end-September, mainly due to the weakness of the peso and higher domestic borrowings, the Bureau of the Treasury (BTr) said on Thursday. In a statement, the BTr said outstanding debt jumped 3.8% or P495.54 billion as of end-September from the then-record-high P13.02 […]

NG debt breaches P13 trillion as of end-August

The National Government’s (NG) outstanding debt rose to a record-high P13.02 trillion at the end of August, beating the previous high of P12.89 trillion in July, due to additional domestic borrowings and a weak peso. Preliminary data from the Bureau of the Treasury (BTr) showed outstanding debt increased by 1%, or P133.64 billion in real […]

All domestic flights at MCIA to return to T1

The Mactan-Cebu International Airport (MCIA) announced on Friday, Sept. 16, 2022, that it will operate all domestic departures and arrivals at Terminal 1 effective Oct. 15.Effectively, Terminal 2 will be dedicated for all International Departures and Arrivals.“MCIA continues to experience increased domestic traffic with domestic demand now at 67 percent of pre-pandemic levels,” the airport […]

GMR Megawide sees pre-pandemic flight traffic by Q4

GMR MEGAWIDE Cebu Airport Corp. (GMCAC), the private operator of Mactan-Cebu International Airport (MCIA), expects domestic flight traffic to return to pre-pandemic levels by the fourth quarter. “While we expect to return to pre-pandemic numbers (for domestic) by the fourth quarter this year, it still also depends on how quickly international traffic also resumes in […]

ILO finds only 6% of domestic workers enjoy social protections

THE International Labour Organization (ILO) said on Thursday that only about 6% of domestic workers worldwide have access to comprehensive social protections. The remainder lack “access to the full range of protections, covering medical care, sickness, unemployment, old age, employment injury, family, maternity, invalidity, and survivors’ benefits,” the ILO said in a statement, citing a […]

Toyota: Adjustments to Domestic Production in June and July

Toyota City, Japan, Jun 16, 2022 – (JCN Newswire via – We at Toyota would like to again apologize for the repeated adjustments to our production plans due to the parts shortage resulting from the spread of COVID-19, and for causing considerable inconvenience to our customers who have been waiting for the delivery of […]

PAL gradually reopens flights to key ASEAN destinations

FLAG carrier Philippine Airlines (PAL) announced on Tuesday that it will resume flights between Manila and Bali starting July 1, as part of its international expansion amid the reopening of international travel. “From July 1st, PAL will fly thrice weekly services between Manila and Bali’s Ngurah Rai International Airport,” the airline said in an e-mailed […]