The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Philippine Airlines Inc and Cebu Air Inc have suspended their Taiwan flights after the Southeast Asian nation expanded its travel ban on the novel coronavirus.
The order temporary barring the entry and departure of foreign nationals from China, Hong Kong and Macau will also cover Taiwan, the Bureau of Immigration said. Both carriers suspended the Taiwan flights starting from Tuesday.
Philippine Air also extended canceled flights to China to until March 28.
Cebu Air rose 3.7% at the end of close in Manila, while PAL Holdings Inc. was up 2.8%. The Philippine benchmark stock index ended 0.1% higher on Tuesday.