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Cebu Pacific raising P16B by tapping banks, aims for no job cuts in 2021

Posted on March 4, 2021 at 9:30 PM Comments comments (0)

Budget carrier Cebu Pacific is eyeing to raise at least P16 billion through tapping loans from various banks in a bid to sustain its operations, which was hit by the COVID-19 pandemic.

 

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In a virtual press conference, Cebu Air Inc. director for Financial Analytics and Investor Relations Trina Asuncion said the fund raising initiative will finance the airline’s business recovery efforts.


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Fire hits resto inside NAIA Terminal 3

Posted on November 23, 2018 at 1:25 PM Comments comments (0)
FIRE struck the arrival area of the Ninoy Aquino Internation Airport (NAIA) Terminal 3 early Friday, the Manila International Airport Authority (MIAA) has confirmed. Connie Bungag, head of the MIAA Public Affairs, said the fire started at past 1 a.m. after an exhaust fan of one of the restaurants on the ground floor of the terminal short-circuited. Bungag said the fire was immediately put out by a fire extinguisher but firefighters still responded to the scene. She disclosed that th... Read Full Post »

North Korea leader says country will soon conduct nuclear warhead test - KCNA

Posted on March 14, 2016 at 10:30 PM Comments comments (0)

SEOUL - North Korean leader Kim Jong Un said his country would soon conduct a nuclear warhead test and test launch ballistic missiles capable of carrying nuclear warheads, the official KCNA news agency reported on Tuesday.

Kim made the comments as he supervised a successful simulated test of atmospheric re-entry of a ballistic missile that measured the "thermodynamic structural stability of newly-developed heat-resisting materials," KCNA said.

"Declaring...

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China confirms sending vessels to disputed atoll

Posted on March 2, 2016 at 4:30 AM Comments comments (0)

BEIJING - China confirmed on Wednesday it had sent vessels to a disputed atoll in the South China Sea to tow a grounded ship and that these vessels have since left the waters.

Foreign Ministry spokesman Hong Lei said China's Ministry of Transport had sent vessels to tow the grounded ship and they had since left the surrounding waters.

"To guarantee safety of navigation and of work conditions, China urged fishing vessels near the site to leave," Hong said, adding that China had ind...

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