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Airline, travel industries scramble with fallout from Middle East conflict
Business World Philippines
|March 05, 2026
— The airline and tourism industries scrambled to deal with the fallout from the escalating US and Israeli air war against Iran, while governments rushed to bring stranded travelers home from the Middle East following the cancellation of more than 20,000 flights in recent days.
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Major Gulf hubs including Dubai, the world’s busiest international airport, remained closed or severely restricted for a fourth day, leaving tens of thousands of passengers stranded. According to Flightradar24, some 21,300 flights have been canceled at seven major airports including Dubai, Doha and Abu Dhabi since the strikes started.
The attacks have upended travel across a growing region with several thriving business hubs that are trying to diversify away from oil-dominated economies. The turmoil also narrows an already-slim flight corridor for long-haul flights between Europe and Asia, complicating operations for global air carriers.
Bu hikaye Business World Philippines dergisinin March 05, 2026 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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Business World Philippines
Fisheries advocates express support for Senate vessel monitoring probe
MARINE conservation organization Oceana Philippines and fisherfolk federation PANGISDA Pilipinas said they support a Senate investigation into the Bureau of Fisheries and Aquatic Resources (BFAR) and its implementation of vessel monitoring systems.
1 mins
March 05, 2026
Business World Philippines
ATI nears delisting after receiving majority of tendered shares
ASIAN TERMINALS, INC. (ATI) is moving closer to its planned delisting after receiving sufficient shares from minority stockholders, the listed company said on Wednesday.
1 mins
March 05, 2026
Business World Philippines
House panel urged to seek alternative CHED funding as travel tax cut advances
THE Commission on Higher Education (CHED) on Wednesday urged lawmakers to consider alternative funding sources for its tertiary education support program, as its chief warned of shortfalls should the government decide to abolish the travel tax.
1 min
March 05, 2026
Business World Philippines
BSP wants banks to use server-side biometrics to combat financial fraud
THE Bangko Sentral ng Pilipinas (BSP) wants to require banks to enforce server-side biometric authentication to verify users and secure customer-initiated transactions amid rising financial fraud risks.
1 mins
March 05, 2026
Business World Philippines
S. Korean parliament to hold March 12 vote on US investment bill amid tariff pressure
South Korea’s ruling and opposition parties agreed on Wednesday to pass a special bill on March 12 to enable major investments in the US under a bilateral trade deal, moving to meet Washington's expectations after recent pressure over delays.
1 min
March 05, 2026
Business World Philippines
Malayo sa bituka... or so they think
I suspect many Filipinos who struggle to make ends meet each day regard China’s coercion in the West Philippine Sea (WPS) this way: it’s hardly a gut issue.
7 mins
March 05, 2026
Business World Philippines
UBS sees Philippine growth at low end of 5%-6% goal this year
PHILIPPINE economic growth may land at the bottom of the government's 5% to 6% goal this year as investment slowly recovers from last year’s flood control scandal, UBS Investment Bank Global Research said.
2 mins
March 05, 2026
Business World Philippines
PLDT expands direct-to-device satellite tests to Ilocos Norte
PLDT INC., through its wireless subsidiary Smart Communications, Inc., is expanding its direct-to-device satellite connectivity tests to northern Ilocos Norte.
1 min
March 05, 2026
Business World Philippines
The ASEAN economic agenda and the Philippines' fiscal condition
Last week, on Feb. 24, I attended the ASEAN Editors and Economic Opinion Leaders Forum at the Fairmont Hotel in Makati. Organized by the Department of Trade and Industry (DTI), it was a huge forum with a huge audience.
3 mins
March 05, 2026
Business World Philippines
Frontloaded issuance pushes PHL debt to P18.13 trillion
THE PHILIPPINES’ outstanding National Government (NG) debt rose to P18.13 trillion at the end of January, as the state accelerated borrowing at the start of the year to lock in funding ahead of global market volatility.
2 mins
March 05, 2026
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