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Richmond Mercurio
Richmond Mercurio
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ABS-CBN cuts net loss in 2021
by Richmond Mercurio - May 18, 2022 - 12:00am
ABS-CBN Corp. has cut its net loss by more than half last year following a significant reduction in its expenses.
Pilot under review over post vs Robredo
by Richmond Mercurio - May 18, 2022 - 12:00am
Budget carrier Cebu Pacific has placed under disciplinary review one of its pilots for making a “speculative and careless” social media post against Vice President Leni Robredo.
GMA posts strong Q1 performance
by Richmond Mercurio - May 17, 2022 - 12:00am
Broadcast giant GMA Network Inc. finished the first quarter with another strong top and bottomline results, driven by political advocacies and advertisements for this year’s national and local elections.
2GO, Chelsea post losses in Q1
by Richmond Mercurio - May 17, 2022 - 12:00am
Logistics firms 2GO Group Inc. and Chelsea Logistics and Infrastructure Holdings Corp. continued to post losses in the first quarter.
Converge sustains profitability
by Richmond Mercurio - May 17, 2022 - 12:00am
Converge ICT Solutions Inc. is optimistic about its growth trajectory throughout the rest of the year after it maintained strong profitability in the first quarter.
MacroAsia to expand non-airline related businesses
by Richmond Mercurio - May 16, 2022 - 12:00am
Lucio Tan’s MacroAsia Corp. is looking to return its workforce to its pre-pandemic size in the next two years following a reduction by 42 percent, as the company gears up for growth by expanding its non-airline...
Potential competition to prevent Clark from becoming main gateway
by Richmond Mercurio - May 16, 2022 - 12:00am
Too much potential competition could prevent Clark International Airport from taking over as Manila’s main gateway, even following its recent expansion, aviation think tank CAPA-Centre for Aviation said.
Converge joins Asian consortium on submarine cable
by Richmond Mercurio - May 15, 2022 - 12:00am
Converge ICT Solutions Inc. has joined a consortium of Asian telecommunications providers to develop a new submarine cable system that will enhance connectivity between Hong Kong, China, and Southeast Asia.
ATI income up 7%
by Richmond Mercurio - May 15, 2022 - 12:00am
Asian Terminals Inc. saw its net income rise by 6.9 percent to P601.9 million in the first quarter, driven by the resurgence of international roll-on/roll-off cargoes handled by its Batangas Port.
GCash, CIMB Bank offer highest interest rate via GSave
by Richmond Mercurio - May 15, 2022 - 12:00am
Mobile wallet GCash and digital banking services provider CIMB Bank are offering as much as seven percent interest per annum on GSave to help Filipinos grow their finances and entice more of the unbanked population...
PAL returns to profit in Q1
by Richmond Mercurio - May 14, 2022 - 12:00am
Flag carrier Philippine Airlines registered its first positive first quarter results since 2016, posting a net income of $22.6 million (P1.2 billion)  during the three-month period ending March.
Smart expands 5G roaming coverage for tourists in Philippines
by Richmond Mercurio - May 14, 2022 - 12:00am
Smart Communications Inc. has expanded its 5G roaming coverage for tourists bound to the Philippines as global travel restrictions ease.
Converge included in MSCI global index
by Richmond Mercurio - May 14, 2022 - 12:00am
Fiber broadband provider Converge ICT Solutions Inc. has been included in the MSCI Global Standard Indexes in its latest rebalancing announced last May 12 in Geneva, Switzerland.
Lopez aviation firm inaugurates P45 million El Nido helicopter hangar
by Richmond Mercurio - May 14, 2022 - 12:00am
Lopez-owned INAEC Aviation Corp. has inaugurated its second aircraft hangar inside Lio Airport in El Nido, Palawan which will serve as the new base for the helicopter operations servicing the Malampaya project.
ICTSI bets big on technology, invests over P900 million in MICT
by Richmond Mercurio - May 13, 2022 - 12:00am
Port operator International Container Terminal Services Inc. is betting big on technology to continuously upgrade services and operations at its flagship Manila International Container Terminal.
Cebu Pacific allots P32.8 billion for 2022 capital expenses
by Richmond Mercurio - May 12, 2022 - 12:00am
Cebu Air Inc., the operator of budget carrier Cebu Pacific, has set aside P32.8 billion for this year’s capital expenditures with the company set to take delivery of seven new aircraft, its president and...
Expect higher toll rates at NLEX, Cavitex tomorrow
by Richmond Mercurio - May 11, 2022 - 12:00am
Starting tomorrow, Metro Pacific Tollways Corp. subsidiaries NLEX Corp. and Cavitex Infrastructure Corp. will charge higher toll rates for the North Luzon Expressway and the Manila-Cavite Expressway Parañaque...
PLDT forges ahead with data center expansion
by Richmond Mercurio - May 10, 2022 - 12:00am
Telco giant PLDT Inc. is poised to go full blast on its data center expansion to address growing demand from both the hyperscalers and enterprises.
Globe Telecom plans to sell tower assets
by Richmond Mercurio - May 10, 2022 - 12:00am
Globe Telecom Inc. remains keen on selling its tower assets, but is not in a hurry to do so.
Ex-MMDA chief Abalos victimized by SMS ‘spoofing’
by Richmond Mercurio - May 10, 2022 - 12:00am
The National Telecommunications Commission and Globe Telecom Inc. have warned the public against the illegal use of cell broadcasters after former Metropolitan Manila Development Authority chairman Benhur Abalos...
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