Emirates posts record $5.1B annual profit

DUBAI – Dubai’s Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 percent, as the airline company set a new record for the second year in a row. Citing strong customer demand, it said group profits for the past two years hit $8.1 billion, surpassing …

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China to start selling long-dated bonds

BEIJING – China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced on Monday, as Beijing looks to increase support for the world’s second-largest economy. The central government will begin issuing some 30-year bonds on Friday as part of a planned sale of …

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Kick out impostors

“The target is the toll collections, as service is not even on the minds of those seeking to take over CAVITEX. The operations and management (O&M) business was turned over to PEATC in 2022. The maneuver of the Public Estates Authority Tollway Corp. (PEATC) to take over the operations of …

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Atin Ito’ unfazed by China blockade

SECURITY HUDDLE. President Marcos Jr. and Defense Secretary Gilbert Teodoro stand at attention while the national anthem is being played at the start of the second Philippine Air Force Command Conference yesterday. Inset photo shows map of Sabina Shoal where the Coast Guard observed coral dumping by Chinese vessels. Largest …

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Marcos OKs e-marketplace procurement system

President Marcos has approved the implementation of the e-Marketplace Procurement System of the Department of Budget and Management (DBM). President Ferdinand ‘Bongbong’ Marcos Jr. (Photo courtesy of PPA/KJ Rosales)  Marcos made the approval during a sectoral meeting with DBM officials at the Malacañan on Tuesday, May 14. The President also …

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