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Richmond Mercurio
Richmond Mercurio
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Grab expands services, turns into a super app
by Richmond Mercurio - May 25, 2019 - 12:00am
Southeast Asia’s online-to-offline platform Grab is further expanding its offering in the Philippines this year as it looks to venture into new transport, lifestyle, and payments services.
Passenger traffic builds up at Mactan airport in Q1
by Richmond Mercurio - May 25, 2019 - 12:00am
GMR Megawide Cebu Airport Corp. (GMCAC) saw passenger traffic at the Mactan-Cebu International Airport (MCIA) grow by double digit in the first quarter as more carriers increased connectivity from Cebu.
Nat’l QR code for payments out by Q3
by Richmond Mercurio - May 24, 2019 - 12:00am
The Philippines is set to have a national quick response (QR) code standard that will ensure a safe and efficient payment system by the next quarter, according to a Bangko Sentral ng Pilipinas (BSP) official.
DICT warns telcos vs security breach
by Richmond Mercurio - May 24, 2019 - 12:00am
The Department of Information and Communications Technology (DICT) has warned the country’s incumbent telecommunication companies of severe consequences should their networks, which are predominantly using...
Premium taxi drivers to get regular pay
by Richmond Mercurio - May 24, 2019 - 12:00am
Premium taxi drivers will receive regular salaries and benefits under the new guidelines issued yesterday by the Department of Transportation (DOTr).
GMA Network eyes diversification outside media space
by Richmond Mercurio - May 20, 2019 - 12:00am
Broadcast giant GMA Network Inc. is exploring opportunities outside the media space similar to the steps being undertaken by its rival network, its chairman and CEO Felipe Gozon said.
ICTSI Subic unit continues port improvement plan
by Richmond Mercurio - May 19, 2019 - 12:00am
ICTSI subsidiary Subic Bay International Terminal Corp. (SBITC) continues to reinforce port operations with the procurement of two new additional empty container handlers.
Video, mobile games boost Smart revenues
by Richmond Mercurio - May 19, 2019 - 12:00am
PLDT Inc.’s mobile business posted record high revenues in the first quarter behind the increasing appetite of its customers for online video and mobile games.
ATI barge terminals to rise in Mactan, Cavite ecozones
by Richmond Mercurio - May 18, 2019 - 12:00am
Listed port operator Asian Terminals Inc. (ATI) will develop barge terminals in Cebu and Cavite as part of its efforts to expand services beyond the international gateway ports in Manila and Batangas.
PPA remits record dividends, taxes
by Richmond Mercurio - May 17, 2019 - 12:00am
Dividends and taxes remitted by the Philippine Ports Authority (PPA) to the national coffers reached a record high of P9.41 billion last year.
ABS-CBN earnings almost double in Q1
by Richmond Mercurio - May 17, 2019 - 12:00am
Media and entertainment giant ABS-CBN Corp. saw its earnings nearly double in the first quarter as political placements drove advertising revenues higher.
Still no challengers for SMC’s Bulacan airport proposal
by Richmond Mercurio - May 17, 2019 - 12:00am
No company has yet to challenge San Miguel Corp.’s proposal to build a massive airport in Bulacan, but interested groups have been given more time by the Department of Transportation to submit better offers...
SCTEX toll plazas to have 20 additional lanes
by Richmond Mercurio - May 16, 2019 - 12:00am
Metro Pacific Tollways Corp. unit NLEX Corp. will construct 20 additional lanes in strategically located Subic-Clark-Tarlac Expressway (SCTEX) toll plazas to further improve customer processing time at the expr...
MRT-3 takeover still on the table – MPIC
by Richmond Mercurio - May 16, 2019 - 12:00am
Metro Pacific Investments Corp. (MPIC) chairman Manuel V. Pangilinan said his group remains interested in pushing through with plans to takeover the Metro Rail Transit Line 3 (MRT-3) despite the return of Japanese...
Cebu Pacific escapes penalties over recent flight cancellations
by Richmond Mercurio - May 16, 2019 - 12:00am
The government has decided not to impose penalties on Cebu Pacific following massive flight cancellations, but has ordered the budget carrier to submit within 30 days a concrete plan detailing corrective measures...
ICTSI keen on pursuing Sudan port takeover
by Richmond Mercurio - May 16, 2019 - 12:00am
Ports operator giant International Container Terminal Services Inc. (ICTSI) is keen on pushing through with the takeover of the South Port Container Terminal in Sudan amid reports of opposition against the company’s...
Mindanao railway project seen rolling out this month
by Richmond Mercurio - May 14, 2019 - 12:00am
The development of the country’s first train system outside Luzon is expected to gather steam this month with the expected reapproval from the National Economic and Development Authority (NEDA) of the Mindanao...
NLEX revives plan to extend expressway to Bataan
by Richmond Mercurio - May 14, 2019 - 12:00am
NLEX Corp., a unit of Metro Pacific Tollways Corp. (MPTC), plans to revive its plan to extend the North Luzon Expressway (NLEX) to Bataan which will require investments of at least P20 billion.
MPIC tollways unit eyes more projects abroad
by Richmond Mercurio - May 13, 2019 - 12:00am
The tollways arm of infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) plans to continue expanding its presence abroad in hopes of ramping up revenue contribution of its international operations...
ATI posts strong Q1 growth
by Richmond Mercurio - May 13, 2019 - 12:00am
Asian Terminals Inc. (ATI) sustained its upward momentum in the first quarter following strong financial results and record cargo volumes in 2018.
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