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BOC beats H1 revenue target by 11.3% 

BOC beats H1 revenue target by 11.3% 

Aug. 19 | The Philippine Bureau of Customs (BOC) has exceeded its collection target for the first semester by 11.3%, posting more than P212.16 billion in duties and taxes from P190 billion year-on-year. Ten of 17 BOC ports topped their collection targets from...

2GO income plunges 79% on restatement adjustments, higher oil prices

2GO income plunges 79% on restatement adjustments, higher oil prices

Aug. 19 | Integrated Philippine transport solutions provider 2GO Group, Inc. reported a 79% decline in net income to P120.1 million for the first half of 2017 from its P567 million income in the same period last year. The decrease, 2GO said in a regulatory disclosure,...

PH stakeholders support house bills on maritime safety conventions

PH stakeholders support house bills on maritime safety conventions

Aug. 19 | Various stakeholders voiced their support for two bills that seek to implement protocols on maritime safety, security and pollution prevention during initial deliberations on the measures at the Philippine Lower House Committee on Transportation on August...

LBC group delivers 6.9% growth in H1 profit on strong logistics earnings

LBC group delivers 6.9% growth in H1 profit on strong logistics earnings

Aug. 19 | Courier and remittance company LBC Express Holdings, Inc. (LBCEHI) reported a net income of P442.586 million for the first half of 2017, which is 6.9% higher than the P413.870 million posted in the same period last year. Service revenues grew, rising...

CebPac, Cebgo unveil new domestic and SEA flights

CebPac, Cebgo unveil new domestic and SEA flights

Aug. 19 | Low-cost Philippine carrier Cebu Pacific is expanding its domestic network and its presence in Southeast Asia with four new routes aimed at improving accessibility for travelers outside Metro Manila as well as increasing connectivity within the region. Cebu...

PH GDP growth on track with 6.5% expansion in Q2

PH GDP growth on track with 6.5% expansion in Q2

Aug. 19 | The Philippine economy grew faster at 6.5% in the second quarter of 2017 with the recovery of the agriculture sector and pickup in government spending. The second-quarter gross domestic product (GDP) figure is slightly higher than the 6.4% growth recorded...

Arcade City activates hundreds of PH drivers

Arcade City activates hundreds of PH drivers

Aug. 17 | Riders can view profiles and contact their choice of 167 drivers across Manila, all activated in the last 24 hours (PRNewsfoto/Arcade City) Arcade City launched its service in the Philippines yesterday in the aftermath of Uber’s suspension by...

Duterte stands by Faeldon amid illegal drugs probe

Duterte stands by Faeldon amid illegal drugs probe

Aug. 16 | Philippine Customs commissioner Nicanor Faeldon still enjoys the support of President Rodrigo Duterte in spite calls by some legislators for Faeldon to step down following the P6.4-billion worth of metamphetamine hydrochloride (shabu) from China that...

LTFRB calls new ridesharing company Arcade City “colorum”

LTFRB calls new ridesharing company Arcade City “colorum”

Aug. 16 | From Arcade City’s Facebook page Ridesharing company Arcade City has launched a new mobile app for Android and iOS in the Philippines. But the Land Transportation and Franchising Board (LTFRB) has said Arcade City cars are not authorized to operate...

PH moratorium on truck overloading prohibition extended anew

PH moratorium on truck overloading prohibition extended anew

Aug. 13 | The Philippine Department of Public Works and Highways (DPWH) and Department of Transportation (DOTr) have once again extended for another six months the moratorium on the enforcement of the anti-overloading policy on trucks categorized under codes 12-2...
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