PH Stocks Down Anew

Manila—(PHStocks)—Philippine stocks fell for a second trading session as investors lock in their gains following a five-day rally. The mainboard Philippine Stock Exchange index (PSEi) dropped by 0.3% or 23.65 points to close today’s market session at 7,837.12. The wider All Shares index remain in the red, further sliding by 0.11% or 5.28 points. All […]
Continue reading…

 

DOTC to Ban Overbooking During Peak Seasons

The Department of Transportation and Communications (DOTC) is set to ban airlines from overbooking during peak seasons starting the fourth quarter of the year as the government tightens rules on flight delays and cancellations amid the rising number of complaints. DOTC spokesperson Michael Arthur Sagcal said the agency is working closely with the Civil Aeronautics […]
Continue reading…

 

Domestic Air Travel Seen Recovering

Domestic aviation is on an uptrend as airlines such as Cebu Pacific (PSE: CEB) and Philippine Airlines (PSE: PAL) lead the way in terms of fleet expansion. All domestic carriers tracked by the Civil Aeronautics Board (CAB) carried about 20.35 million passengers in terms of domestic scheduled flights in 2014. Although the growth rate was […]
Continue reading…