First Pacific may not fill PLDT's needs, analysts say

Article Abstract:

First Pacific may not be able to provide Philippine Long Distance Co.'s (PLDT) technological and financial needs, according to analysts. Although First Pacific has the financially ability and the necessary foreign connections, such as the one it has Nippon Telegraph & Telephone of Japan for Smart Communications, the Hong Kong-based firm may not yet have the expertise required to radically overhaul the Manila, Philippines-based telecommunications giant. According to Neil Juggins, an analyst for Singapore's Paribas Asia Equity Securities, First Pacific may not also have the capacity to grow PLDT's market for it had been seen that First Pacific had difficulty coping with competition for mobile-phone customers in Hong Kong.

Comment:

May not be able to provide Philippine Long Distance Co's technological needs, according to analysts

Communications, Broadcasting and Telecommunications, Public affairs, Telecommunications industry, First Pacific Corp.

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Cathay seeks PAL stake; offer for up to 40% ends months of speculation

Article Abstract:

Cathay Pacific Airways said it has offered to acquire part of Philippine Airlines and that an agreement was reached with the committee renegotiating the imperilled airline's debt. David Turnbull, Cathay CEO, said the Hong Kong-based airline made a bid of between 3 billion pesos ($75.3 million) and four billion pesos ($100.4 million) for an undisclosed stake. Experts, however, were wondering about the amount of Cathay's investment, the size of stake and how it would manage PAL's unpaid debt of $2.1 billion. Philippine law allows Cathay to purchase as much as 40% of PAL but Cathay's offer would depend upon many conditions, said Cathay Chairman Peter Sutch.

Comment:

Says it has offered to acquire part of Philippine Airlines and that an agreement was reached with a PAL committee

Asset sales & divestitures, Acquisitions & mergers, Scheduled Airlines, Scheduled Air Transportation, Philippines, Airlines, Philippine Airlines Inc., Cathay Pacific Airways Ltd.

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Delivery companies adapt to airport crisis

Article Abstract:

DHL Worldwide Express, FDX Corp.'s Federal Express, United Parcel Service of America Inc. and TNT Express Worldwide Ltd. were able to continue serving their clients despite problems associated with the opening of Hong Kong Air Cargo Terminals Ltd.'s (HACTL) $1-billion terminal. The delays, caused by computer problems which resulted in the erasures of records, caused cargo to pile up at the HACTL. The cargo firms solved their delivery problems in one week by taking charge of their own parcels, chartering special cargo flights and using their own facilities.

Comment:

Is able to continue serving its clients despite problems with the opening of Hong Kong Air Cargo Terminals Ltd's new terminal

Facilities & equipment, Services information, Freight Transportation Arrangement, Air Terminal Services, Other Airport Operations, Freight Forwarders & Consolidators, Freight Forwarders, Freight transportation industry, Airport terminal services, United Parcel Service of America Inc., FedEx Corp., DHL Airways Inc., TNT Express Worldwide, Hong Kong Air Cargo Terminals Ltd.

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