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Philippine airlines (PAL) board members submit resignation
MANILA, Philippines — Amando Tetangco Jr., the two-termer former governor of the Bangko Sentral ng Pilipinas who has been widely recognized as one of the world’s best central bankers, has resigned as independent director of Lucio Tan-owned Philippine Airlines Inc., marking the latest chapter in the saga of the four-star carrier. Estelito Mendoza, a long…
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₱4B to settle debt issue of BAL
The Philippine Airlines (PAL) offered to pay P4 billion to finally settle a years-old issue on unpaid charges. The country’s flag carrier on Thursday said less than half or P3.6 billion of the P6.91 billion being demanded by the Department of Transportation (DOTr) is backed by invoices. This was also confirmed by Transport Undersecretary for Aviation Manuel…
