Philippine shares rebounded on Thursday, with the PSEi climbing 1.33% or 79.69 points to close at 6,071.06, while the broader All Shares index rose 0.47% or 15.47 points to end at 3,331.09. @bworldph
Globe Telecom, Inc. is further boosting its 5G network in Dumaguete City through additional cell sites and expansion of its fiber infrastructure to meet growing connectivity demand in the area. @bworldph
The DICT has launched the second phase of its private express and messengerial delivery service licensing portal to roll out digital IDs for delivery riders. @bworldph
Globe Telecom, Inc. said its board has approved the filing of a registration statement and listing application for the planned IPO of Mynt, the operator of GCash. @bworldph
MVP Sports Foundation said it does not own the Ateneo Men’s Basketball Team, noting that it supports collegiate and national sports campaigns and its role is limited to funding. @bworldph
ABS-CBN Corp. said it received a Securities and Exchange Commission summons over a complaint filed by businessman Federico R. Lopez tied to the ongoing family dispute. @bworldph
The Transportation department said commercial flights at General Santos International Airport will resume on June 15, after operations were suspended to prioritize military and relief missions following the earthquake. @bworldph
At Level 12, fuel surcharges range between P389 and P1,137 for domestic flights and P1,284.40 and P9,550.13 for international flights, depending on distance.
The Civil Aeronautics Board has further reduced the air passenger fuel surcharge, setting the rate at Level 12 for June 16-30 from Level 13 in the first half of the month. @bworldph
This follows GMA Network’s decision to withdraw its lawsuit challenging a Securities and Exchange Commission ruling that imposes a nine-year term limit on independent directors of publicly listed companies.
GMA Network Inc. said its board has nominated former Chief Justice Reynato S. Puno and former Deutsche Bank Philippines Chief Country Officer Enrico S. Cruz to replace long-time members. @bworldph
Clark International Airport Corp. signed a 25‑year lease with Boeing supplier Heatcon Asia, Inc. to establish manufacturing, distribution, and in‑shop repair facilities at the Clark Civil Aviation Complex. @bworldph
The Transportation department said that commercial operations at the airport will remain suspended until June 11 to prioritize relief efforts. @bworldph
The DoTr, through CAAP, said at least 63 flights to and from General Santos International Airport were canceled following the magnitude 7.8 earthquake that struck Sarangani on Monday. @bworldph
In a separate statement, AirAsia Philippines said all its flights will remain operational and its network-wide services will continue as scheduled. @bworldph
CAAP said AirAsia Philippines has settled its P272 million financial obligations after the regulator gave the airline a June 6 deadline to pay its debt. @bworldph
“CAAP acknowledges and appreciates the airline’s cooperation and its commitment to addressing its obligations through constructive engagement and coordination with the Authority,” it said. @bworldph