Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

AirAsia plans MRO facility in Philippines — DoF

REUTERS

THE AirAsia group has expressed plans to establish a maintenance, repair, and operations (MRO) facility in the Philippines, according to the Department of Finance (DoF).

The MRO facility is expected to create more jobs and “position the Philippines as a regional hub for aviation services,” the DoF said in a statement after Finance Secretary Ralph G. Recto met with AirAsia Chief Executive Officer (CEO) Anthony Francis “Tony” Fernandes.

They discussed the strategic opportunities for the airline’s expansion in the Philippines, the department said.

Mr. Recto attended the World Economic Forum in Davos, Switzerland, from January 20 to 24 as special envoy of President Ferdinand R. Marcos, Jr. and head of the Philippine delegation.

In a separate post, the Finance chief also had a meeting with HCLSoftware’s Chief Revenue Officer Rajiv Shesh and Chief Product Officer Kalyan Kumar to discuss a potential partnership pushing the digitalization of the country.

HCLSoftware focuses on technology solutions, specializing in intelligent operations, data and analytics, and cybersecurity.

“The company expressed keen interest in supporting research and development initiatives and fostering local talent to cultivate a new generation of highly skilled tech professionals in the Philippines,” the DoF said.

The technology firm has committed to collaborating with the government in developing software technologies and sharing best practices.

On Jan. 24, the DoF said that Mr. Recto also met with Chairman of the Supervisory Board Karl Guha and CEO Steven van Rijswijk of the European bank ING to explore more partnership opportunities with the Philippines, particularly in leveraging artificial intelligence.

In 2025, ING will launch its use of generative artificial intelligence (GenAI) in the country, “making it the next country after the Netherlands and Germany to host live GenAI applications.”

Mr. Recto also had a meeting with HSBC CEO for Asia and the Middle East Surendra Rosha on the bank’s operations in the Philippines. — Aubrey Rose A. Inosante

    You May Also Like

    Stock Markets

    Students of the Institute of Civil Engineering of the University of the Philippines Diliman experience what it’s like on-board the Circular Explorer and attend...

    Stock Markets

    THE DEVELOPMENT Bank of the Philippines (DBP) will again request for regulatory relief this year as it seeks to boost its capital position. “Just...

    Stock Markets

    In the photo are (seated L to R) Francisco “Coco” D.C. Mauricio, WeFund Lending Corp. President and CEO; Danilo “Bong” J. Mojica II, UnionDigital...

    Finance

    The Small Business Charter (SBC) has appointed entrepreneur Byron Dixon OBE, founder and chief executive of freshness-technology firm Micro-Fresh, as its new chair. Dixon...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.