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Airfares up in March as CAAP hikes fuel surcharges
PTVPhilippines
Follow
2/19/2025
Airfares up in March as CAAP hikes fuel surcharges;
Viber pay e-wallet launch eyed in second half of 2025;
Ramon Ang warns public vs deepfake investment scam
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Transcript
Display full video transcript
00:00
Heads up for fellow travelers because airfares may rise this summer as the Civil Aviation Authority
00:05
of the Philippines upgraded the fuel surcharge level for domestic and international flights.
00:11
These and more in tonight's Philippine News Agency's Business Wrap.
00:20
For our business news, airfares may climb this summer after the Civil
00:24
Aeronautics Board implemented an increase in fuel surcharge.
00:30
The CAV upped the fuel surcharge rate for March to Level 5 from Level 4 in October.
00:36
The Department of Energy earlier said oil prices are likely to increase due to market fears
00:41
that the world oil supply will be affected by U.S. sanctions against oil from Russia and Iran.
00:47
Cebu Pacific President Sandor Lau said the company vows to offer best value fares for
00:52
more traveling Filipinos. AirAsia Philippines Communications Head First Officer Steve Lelysan
00:59
is offering a piece of fare to help Filipinos save on travel costs.
01:03
Meanwhile, messaging app Rakuten Viber announced its plans to launch its ViberPay digital wallet
01:09
service in the Philippines in the second half of 2025.
01:13
Over one million Filipino users have reportedly registered on the waitlist
01:18
for ViberPay, which is expected to start this September. Viber's CEO, Ofer Eyal,
01:24
said the company aims to make messaging and digital payments frictionless by integrating
01:29
an e-wallet into its app functions instead of switching to different apps.
01:34
In other news, San Miguel Corporation Chairman Ramon Ang warned the public not to believe
01:39
online posts using his photo to endorse a likely scam. In a social media post,
01:45
Ang noted the spread of fake sponsored posts using an old interview manipulated by deep fake
01:51
technology to make it seem as though he is endorsing investment opportunities, and advised
01:57
the public to report suspicious links and fake accounts, and refrain from sharing personal
02:02
information online.
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