Difference between revisions of "Sorsogon News"

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Sorsogon News (view source)

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→‎Joint venture of LGU Sorsogon City with LKY Dev’t. Corp. to create 500 jobs

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+==Cebu Pacific shells out P798.8M for new aircraft, adds more summer flights==
+*Source: http://www.gmanetwork.com/news/story/253867/economy/companies/cebu-pacific-shells-out-p798-8m-for-new-aircraft-adds-more-summer-flights
+*April 4, 2012 6:26pm
+:by April 4, 2012 6:26pm
+Cebu Air Inc. drew P798.84 million from the proceeds of its initial public offering (IPO) to make pre-delivery payments for seven aircraft last January and February, the operator of the Cebu Pacific airline revealed to the investing public Wednesday.
+In a disclosure to the Philippine Stock Exchange (PSE), Cebu Air said the net balance of proceeds from the IPO stood at P380.09 million on March 31 as per accounting procedures applied by SGV & Co.
+The pre-delivery payments, in dollar terms, amounted to $18.32 million. The payments were channeled through Citibank N.A. and Banco de Oro.
+More summer flights
+In an earlier disclosure, Cebu Air said it will add 22 percent more Cebu Pacific flights in the summer months of April and May.
+"Because of this increased seat capacity, passengers can take advantage of CEB's trademark low fares for travel this April and May. Plan your family or friends' exciting summer vacation by checking out the low-fare options on www.cebupacificair.com," said Candice Iyog, Cebu Air vice president for marketing and distribution.
+Cebu Pacific will have more flights on these routes:
+Cebu-Dipolog, Cebu-Legazpi and Cebu-Pagadian (daily flights, February 8 to June 15);
+Cebu-Puerto Princesa (3 added flights to raise total to 10 flights, March 17 to June 4);
+Manila-Legazpi and Manila-Puerto Princesa (total of 4 daily flights each);
+Cebu-Bacolod (total of 17 weekly flights);
+Cebu-Caticlan (3 daily flights), Cebu-Davao (5 daily flights); and
+Cebu-Siargao (4 weekly flights).
+“Legazpi is the gateway to whale shark encounters in Donsol, Sorsogon,” the airline noted.
+“CEB remains the largest airline operating to and from Puerto Princesa, which is world-renowned for its Underground River. CEB is the only airline flying direct to Siargao, an international surfing destination,” the flag carrier also said.
+The airline also decided to extend to June 4 its flight frequency additions for Manila-Cebu (total of 99 weekly flights), Manila-Bacolod (40 weekly flights) and Manila-Iloilo (7 daily flights).
 ==Joint venture of LGU Sorsogon City with LKY Dev’t. Corp. to create 500 jobs==
 *Source: http://bicoltoday.com/?p=5333
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 Simultaneously starting the project created employment to skilled workers and tap the labor force not only of the city but from the other towns of the province. Masons, carpenters, plumbers, welders, pipe fitters, steel fabricators and many more who for sometimes were not employed are now having a week pay to look-up. At its peak LKY was employing close to three hundred workers in the two projects pumping a large sum of money in the local economy. This was an indirect contribution of the construction firm in prime-pumping the local economy. The construction lessened the number of employment seekers at city hall.
 The two projects are now the center piece of construction in the city. It’s because, Mayor Dioneda made a big difference and LKY of Wilbert Lee nurtured the big difference. BicolToday.com
 ==Firms vie for 38 coal prospects==