Business World

Peso stabilizes at P53:$1

The peso vis-à-vis the US dollar steadied further and appreciated to P53.68 on Friday, Feb. 3, after breaching the P53 range the day before. The local currency opened weaker at P53.93 versus Thursday’s P53.845 while its strongest rate was at P53.63 on Friday. Based on Bankers Association of the Philippines …

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Peso breaks P53:$1

The peso regained lost grounds on Thursday, Feb. 2, to close at P53.845 vis-à-vis the US dollar, and touching the P53-level for the first time since June 2022. The stronger local currency took the hint from the US Federal Reserve’s more modest 0.25 basis point rate hike overnight, which will …

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NTT WE Marine tapped for last leg of $150-M cable project

Globe Telecom Inc., together with Eastern Communications and Japan-affiliated telco InfiniVAN Inc, commissioned NTT World Engineering Marine Corp. (NTT WE Marine) for the last leg of the $150-million Philippine Domestic Submarine Cable Network (PDSCN) project. NTT WE Marine will land and lay cables in the project’s nine remaining segments covering …

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FINSI deploys 133K fiber lines in PH

Fiber Infrastructure and Network Services Inc. (FINSI), a subsidiary of the Asticom Group, has stepped up its fiber rollout, deploying more than 133,400 lines in 15 months, the company announced Thursday, February 2. As of year-end 2022, the rollout has brought high-speed internet access in Metro Manila and Southern Luzon, …

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AirAsia PH opens Tokyo service

AirAsia Philippines this Wednesday, Feb. 1, opened its Tokyo via Narita route, with an 84 percent load factor on its maiden flight. The flight took off from the NAIA Terminal 3 at 4:15 am and arrived at Narita International Airport at 9:45 am (Japan Standard Time). Its return flight departed …

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