Showing posts from March, 2015

Cebu Pacific core net income surges 77% to P 3.3B

The Philippines' leading carrier, Cebu Pacific (PSE: CEB), reported a core net income of P 3.3 billion, up 77% compared to the previous year, on the back of notable improvement in both revenues and operating expenses.

Total revenues grew 27% to P52 billion, driven by sustained demand for air travel and entry to new markets such as Japan, Middle East and Australia.  CEB carried 16.9 million passengers in 2014, 17.5% more than the 14.4 million passengers flown in 2013.
Ancillary revenue likewise grew 29% to P8.7 billion; while cargo revenues grew 20% to P3.1 billion.
CEB posted Operating Income of P4.2 billion, 73% higher than previous year, supported by improvement in fuel prices. However, with this decline in fuel prices CEB posted fuel hedging losses of P2.3 billion. CEB’s Net Income posted at P853 million, up 67% from the previous year.
CEB's 55-strong fleet is comprised of 10 Airbus A319, 31 Airbus A320, 6 Airbus A330 and 8 ATR-72 500 aircraft. It is one of the most modern airc…

TM Football Para Sa Bayan kicks-off series of festivals

Reaching out to various underprivileged communities to provide young talents nationwide the venue to hone their skills, the TM Football Para Sa Bayan recently went underway with its football festival in Iloilo City, spearheaded by no less than Globe ambassador, sports director and coach Emelio “Chieffy” Caligdong.

The said football festival attracted hundreds of youth from the townsfolk of Barotac Nuevo in the said city where Caligdong traces his roots, as well as from neighboring barangays. Aside from letting the football newbies aged 6 to 15 discover and enjoy the sport, the event also provided the opportunity to increase their level of play through a 7-side tournament format under the supervision of the former Philippine Azkals team captain and midfielder.
It also enabled the mass market prepaid brand TM to reach out to more of its publics in rolling out relevant programs, particularly the successful grassroots football program of Globe Telecom, which for three years now has largely …

Growth of the electric vehicle industry

In 2007, an upstart automotive company blazed a new trail. It took the path less travelled, it cast its lot in the non-existent electric vehicle industry. The core group of this new company was composed of old hands in the auto parts manufacturing industry who wanted to make a truly local Filipino vehicle, hence the name Philippine Utility Vehicle, Inc. (PhUV Inc.).

The seven original incorporators who joined forces to form the consortium were people behind Yazaki-Torres, VSO, Glasteck, Nito Seiki, Autofir, MD Juan Enterprises and Manly Plastics. PhUV president Ferdinand Raquelsantos said that they commissioned a study that revealed that for a truly Pinoy vehicle, Filipinos opted for a utility vehicle that they can use as a business workhorse on weekdays and a family ride on weekends. The answer was the AUV.

“The group started on a design that called for as many value-added local parts as possible. We assembled the AUV body but we hit a major snag – we could not find an appropriate engi…

Facebook’s app debuts in SE Asia with Smart’s Talk ‘N Text