CFO opens N.Luzon office for easier access to clients

BAGUIO CITY: The Commission on Filipinos Overseas (CFO) on Wednesday opened its North Luzon satellite office here to cater to immigrant visa grantees’ clearance and other needs.

‘We can cater to Region 1, 2 and 3 with the accessible road access build…

Asiana’s cargo unit to be sold to Air Incheon for 470 bln won

Korean Air Co. said Wednesday it signed a tentative agreement valued at 470 billion won (US$341.7 million) to sell the cargo business division of Asiana Airlines Inc. to Air Incheon.

The sale of Asiana’s cargo division is part of conditions set by t…

Mel Lopez Blvd. partially closed for 2-month drainage, repair works

MANILA: The Department of Public Works and Highways (DPWH) announced the partial closure of Mel Lopez Boulevard or Radial Road 10 (R10) for various construction works starting Wednesday.

In an advisory, the DPWH North Manila District Engineering Offi…

(LEAD) Seoul shares rebound for 2nd day on tech gains after global rout

Seoul shares ended higher for a second straight session Wednesday, helped by tech gains, as investors’ sentiment for risky assets improved following a global stock rout. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stoc…

DPWH completes P23.6-M school buildings in La Union

MALASIQUI: The Department of Public Works and Highways (DPWH) has completed the construction of PHP23.6 million worth of school buildings in San Fernando City and Sudipen town, La Union.

In a statement on Wednesday, DPWH La Union First District Engin…

(LEAD) Lotte Shopping shifts to Q2 net loss on China losses

Lotte Shopping Co., an affiliate of retail giant Lotte Group, said Wednesday it shifted to a net loss in the second quarter due to liquidation losses involving its businesses in China.

Lotte Shopping swung to a net loss of 79.68 billion won (US$58 m…

Korean Air views NAIA privatization with ‘cautious optimism’

MANILA: South Korea’s flag carrier Korean Air (KE) has expressed cautious optimism over the upcoming privatization of the Ninoy Aquino International Airport (NAIA) and is keen on increasing flight frequencies between Manila and Incheon.

KE’s Regional…