CebuPac eyes domestic flight dominance

By Tracy Cabrera

CEBU Pacific is set to achieve record results for the last financial year, according to Lance Gokongwei, president and chief executive of the country’s first budget airline.

“We have about 58 to 60 percent of the domestic market now . . . Naturally, we benefited from lower oil prices, so we did very well last year,” Gokongwei disclosed in an interview by CNBC’s Managing Asia.

“Most of those record profits will be re-invested into acquiring planes with higher fuel efficiency, which will in turn result in more competitive airfares for Cebu Pacific customers,”he added.

The budget airline is part of…

Read more: CebuPac eyes domestic flight dominance

PH gears for sports tourism shift

By Tracy Cabrera

SETTING aside the war on criminality and illegal drugs, the Duterte administration will promote tourism by taking advantage of the country’s numerous tourism spots that can be converted into sports tourism hubs—among them surfing, rafting, diving and windsurfing. 

Sports tourism is a $600-billion market expected to expand by an average of 5.3 percent annually, according to data from the United Nations World Tourism Organization (UNWTO).   

Among the many provinces that can be marketed as sports destinations are: San Mateo in Rizal for mountain biking, Baler in Aurora and the Siargao island in Surigao del…

Read more: PH gears for sports tourism shift

Mohur technology counters money laundering

THE country’s flawed banking system was unraveled last year before the eyes of the whole world when $100 million in funds hacked from the Bangladesh Central Bank were coursed through the Rizal Commercial Banking Corp (RCBC) using casino junket operators as recipients.

As a result, the Monetary Board, the policy-making body of Bangko Sentral ng Pilipinas, has approved tighter amendments to the anti-money laundering regulations to ensure a fool-proof system involving stolen funds and other forms of illegal transactions.

The revised regulations emphasize the importance of a sound money laundering and terrorist financing (ML/TF) risk assessment, the foundation of a…

Read more: Mohur technology counters money laundering

Please Shut Up Already about the Weak Peso

I understand that not ALL people like President Duterte but please do not use the weak Peso as a jump-off point for any argument.  

The Peso, regardless of who is president, is being hit by a strong dollar. 

The federal interest rate has risen making the US Bonds a safer place than the Philippines. Also, the Texas oil tycoons are still ramping up production and it doesn’t matter what the OPEC nations do, American gas is going to be cheap. 

The amount of oil the USA will import will be less. SUV manufacturing is going to have…

Read more: Please Shut Up Already about the Weak Peso

Record Breaking Bull Faces New Loan Worries

THE streak this financial upswing has everyone in awe.  It's been over 2,600 days since the bull market was born from the Great Recession.   

By now, this Bull Market is the 2nd longest in history.  Unless a crash happens soon, which would alter the moving average it will stay at 2nd place.  

To beat the 1st place run (1987-2000) this economic climb would have to last until 2021. The amount of banking, lending, and SEC policies that have occurred to float this ascent is numerous and removed much of the traditional guidance of the past.    

Although…

Read more: Record Breaking Bull Faces New Loan Worries

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