Company Overview and News

7
JG Summit to ramp up capital spending this year

2018-05-29 bworldonline
JG SUMMIT Holdings, Inc. is hiking its capital spending for 2018 as it aims to grow its petrochemical, airline, property, food and beverage, and banking businesses amid higher oil prices in the world market and the further depreciation of the peso.
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7
JG Summit hikes 2018 capex to P80 billion

2018-05-29 bworldonline
JG Summit Holdings, Inc. is hiking its capital spending for 2018 as it aims to grow its petrochemical, airline, property, food and beverage, and banking businesses.
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5
Boracay shutdown to cost Cebu Air up to P1B

2018-05-29 business.inquirer.net
The shutdown of tourist hotspot Boracay Island is seen to translate to P500 million to P1 billion in foregone revenues for Gokongwei-led budget carrier Cebu Pacific.
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5
Airlines seek higher fuel surcharges

2018-05-29 business.inquirer.net
Reeling from the double whammy caused by surging global oil prices and the weakening of the peso, airline operators in the Philippines have asked regulators for an increase in fuel surcharges, potentially jacking up the cost of air transportation.
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1
Flights to the Philippines Are About to Get Pricier - Bloomberg

2018-05-29 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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1
PHL int’l air passenger traffic doubles since 2007, CAPA says

2018-05-28 bworldonline
INTERNATIONAL air passenger traffic more than doubled between 2007 and 2017, the Center for Asia Pacific Aviation (CAPA), an Australian airline industry think tank, said.
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1
Cebu Pacific reviewing VisMin market profile for new Cebu and Davao flights

2018-05-23 bworldonline
CEBU PACIFIC Air (Cebu Air, Inc.) is undertaking an assessment of passengers’ profile to and from the Visayas and Mindanao as the budget carrier draws up plans for new flights from the airports in Cebu and Davao. “If we talk about passengers within VisMin, we see the increasing trend and we know there is passenger growth between Visayas and Mindanao, inter-islands,” Cebu Pacific Director for Marketing Blessie L.
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11
James Go appointed as Cebu Air chairman after Romulo resigns from board

2018-05-22 bworldonline
CEBU AIR, Inc. on Monday appointed James L. Go as chairman, after the resignation of long-time chairman Ricardo J. Romulo.
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1
Cebu Pacific flies record 65,000 passengers in one day

2018-05-20 bworldonline
CEBU PACIFIC Air on Sunday said it flew 65,298 passengers on May 7, breaking its own record for the most number of passengers flown in a one day.
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1
Higher passenger revenues boost Cebu Air profit in 1st quarter

2018-05-15 bworldonline
CEBU AIR, Inc., the listed operator of Cebu Pacific, reported its net income increased by 12% to P1.437 billion, driven by higher passenger revenues from a 10% increase in average fares.
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1
Cebu Air net income surges 12% in first quarter

2018-05-15 bworldonline
Cebu Air, Inc. reported its net income for the first three months of 2018 stood at P1.437 billion, a 12% surge from the P1.283 billion recorded in the same period last year.
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6
JG Summit nets P4.8B

2018-05-15 business.inquirer.net
Gokongwei-led conglomerate JG Summit saw a 35.8-percent year-on-year drop in first quarter net profit to P4.82 billion on slower earnings from the petrochemical and food businesses alongside some foreign exchange losses.
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36
AI-powered tool helps PHL companies build customer communities

2018-05-09 bworldonline
Telco firms said a marketing platform powered by artificial intelligence helped improve their business decisions, in turn, boosting their revenues and performance in bringing customer satisfaction — all, while cutting down on cost.
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3
Duterte in Asean meet: Invest in PH; alert me on grafters

2018-04-29 globalnation.inquirer.net
SINGAPORE — President Rodrigo Duterte on Saturday invited foreign investors to the Philippines to create more jobs for his countrymen and assured them he would personally deal with corrupt officials who might extort money or make trouble for their businesses.
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3
Duterte to protect Asean investors from corruption in PH if they pay taxes

2018-04-28 globalnation.inquirer.net
Arriving for the Asean Summit on Thursday, President Duterte is welcomed by Singapore Minister of State Sam Tan Chin Siong at Changi International Airport in Singapore. —MALACAÑANG PHOTO
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