TODAY'S BUSINESS HEADLINES

Despite Philippine-Taiwan row, Cebu Pacific to proceed with maiden flight to Taipei in July

Dollar surplus jumps by more than half at end-April

SEC issues rules on computing foreign ownership in companies

BSP bars retail investors from investing in SDAs

BIR surpasses collection target for income tax month of April

PAL offers 'unli' domestic flights

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MANILA - After offering unlimited Asian regional flights, Philippine Airlines is extending its promo to 19 domestic destinations in the country.

Dubbed “Domestic Unli Flights,” the promo features a travel pass good for eight weeks that converts to an unlimited number of tickets to any of PAL’s destinations in the Philippines.

Covered by the promo are PAL flights between Manila and Laoag, Legazpi, Puerto Princesa, Bacolod, Cebu, Dumaguete, Iloilo, Kalibo, Roxas, Tacloban, Tagbilaran, Butuan, Cagayan de Oro, Cotabato, Davao, Dipolog, General Santos and Zamboanga.

The pass is sold for only P7,100 for Fiesta Class (economy) and P27,100 for Mabuhay Class (business) service during a limited period – August 1 to 8, 2012.

The pass fare does not include government fees, taxes and surcharges, which vary according to the destination.The travel period under the “unli” pass is restricted from August 8 to December 10, 2012.

The pass is valid for eight weeks from the first travel date and all travel must be completed by December 10, 2012, whichever comes first. Travel on certain dates is restricted.

Pass holders can fly to the same city more than once.  Unlimited transfers in Manila are allowed.

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