MANILA, Philippines – The operator of the Mactan-Cebu International Airport (MCIA) is aiming for a 12 percent increase in passenger arrivals at the airport this year amid efforts to promote the opening of new routes. In a statement yesterday, GMR-Megawide Cebu Airport Corp. (GMCAC) said the MCIA is targeting to hit 10 million passenger arrivals […]
Read MoreMANILA, Philippines – Inflation is unlikely to slip back towards two percent anytime soon and is seen to hit three percent within the first quarter of the year, DBS Bank Ltd. said. The consumer price index kicked up to its highest in over two years after climbing to 2.7 percent in January from 2.6 percent […]
Read MoreMANILA, Philippines – Yellow Cab Pizza, the homegrown pizza brand of Max’s Group Inc. (MGI), is expanding in Vietnam. In a statement, MGI said it has inked an agreement with Blue Star Food Corp. to put up 12 Yellow Cab Pizza stores in Vietnam within the next five years. MGI president and CEO Roberto Trota […]
Read MoreMANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) yesterday kept its monetary policy unchanged, as expected, despite the growing upward pressure on inflation as well as the challenging global economic environment. BSP officer-in-charge Nestor Espenilla Jr. said the central bank’s Monetary Board had decided to maintain policy rates at 3.5 percent for the overnight […]
Read MorePhilippine headline inflation in January accelerated to its fastest pace in more than two years, hitting 2.7 percent on the back of higher prices of non-food items, government data showed on Tuesday. The new rate was the fastest since November 2014, when inflation registered 3.7 percent. The increase in January price growth momentum affirmed the […]
Read MoreMANILA, Philippines – Consumer prices accelerated to 2.7 percent in January, the fastest in more than two years since it registered at 3.7 percent in November 2014, the Philippine Statistics Authority (PSA) reported yesterday. The rapid uptick was driven mainly by the higher price adjustment in the heavily-weighted indices of housing, water, electricity, gas and […]
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