Standby tickets have typically been reserved exclusively for the dependents of airline employees, as well as travelers who may have missed an earlier flight. With Cape, travelers can book standby tickets to destinations in the Philippines and around the world at discounts up to 70% off the regularly priced fare.
The partnership comes at an opportune time for the insurance industry in the Philippines. Life insurance penetration in the Philippines remains to be low.
Raymond Liboro, assistant secretary of the Department of Science and Technology (DOST), has been appointed by Pres. Benigno “Noynoy” Aquino III as the first commissioner of the newly created National Privacy Commission (NPC).
