PAL buying more aircraft to meet demand IN BRIEF

ligation to our passengers, who expect a pleasant flying experience when traveling on our global network,” he said.

PAL recently announced that it firmed up the purchase of nine brand-new Airbus A350-1000 long-haul aircraft for its signature routes to North America and potentially to Europe.

The 380-seater new-generation jets to be delivered starting 2025 will be the most advanced to fly the Philippine skies.

The A350-1000 acquisition will put PAL firmly on the road towards operating one of the youngest and most modern widebody fleets in Asia, it said.

DOE clears wind project of Basic Energy in Balayan

BASIC Energy Corp. said Friday the Department of Energy approved its wind energy service contract for the Balayan Nearshore Wind Power Project.

Basic said in a disclosure to the stock exchange the contract took effect on June 22.

The proposed project is located a kilometer east of the Calatagan peninsula in Batangas province.

Basic said it received the exclusive right to explore, develop and utilize the wind energy resources within the 2,835-hectare contracted area.

DATA SHARING. Government Service Insurance System president and general manager Wick Veloso and Land Bank of the Philippines president and chief executive Lynette Ortiz solidify the data sharing agreement with a handshake after the signing ceremony at the GSIS Head Office on July 17, 2023. Under the agreement, GSIS client data will be shared with LandBank to allow same-day issuance of LandBank Visa debit cards to members and pensioners upon enrolment at the GSIS main office in Pasay City. Through the LandBank cards, members will be able to conveniently receive and withdraw their claims and proceeds from GSIS.