REICELENE JOY IGNACIO

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THE Philippine National Railways has signed a P485.3-million contract to buy two train sets from Indonesian company PT. Industri Kereta Api (PT INKA), the Department of Transportation (DOTr) said on Monday. According to the department, the move is part of PNR’s reliability and availability program. Funds for the purchase come…

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GLOBAL payments company Visa has teamed up with Union Bank of the Philippines (UnionBank) to launch a cross-border business-to-business (B2B) payments platform called Visa B2B Connect. Visa Asia Pacific Head of B2B Partnerships Vikram Kshettry said his company seeks to have “a lot more of cross-border B2B payments.” Visa chose…

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DENNIS Uy-led Chelsea Logistics Holdings Corp. (CLC) said on Monday that it had signed a contract with Kegoya Dock Co., Ltd. for the construction of a brand new roll on, roll off (RORO) passenger ship with an option to add three more units with delivery dates from 2019 to 2020.…

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SEN. Grace Poe called on the Land Transportation Franchising and Regulatory Board (LTFRB) to “explain the science” behind its decision to put a cap on the number of transport network vehicles (TNVs) to 45,000 in Metro Manila, 500 in Metro Cebu and 200 in Pampanga. “What’s the math used in…

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THE Philippine Ports Authority (PPA) said on Friday its net income from January to November 2017 increased by 16 percent to P8.31 billion from P7.16 billion in the same period in 2016. The figure was P2.326 billion, or 38.87 percent, higher than the P5.983 billion PPA predicted to post for…

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THE global container shipping sector is expected to register a net fleet growth of about 4.1 percent in 2018, which “leaves little room for fundamental market-balance improvements,” shipping association Baltic and International Maritime Council (Bimco) said. According to Bimco, the 2017 demand growth rate is heading for 5 percent, considered…

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THE number of piracy and armed robbery cases among seafarers in the Philippines more than doubled from 10 in 2016 to 22 in 2017, the International Maritime Bureau (IMB) said. In a statement, IMB said most of these cases were low-level attacks on anchored vessels at the Manila and Batangas…

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The Land Transportation Franchising and Regulatory Board (LTFRB) has issued a memorandum circular setting a “common supply base” of 45,000 transport network vehicles in Metro Manila. The LTFRB also set a cap of 500 units for Metro Cebu and 200 for Pampanga. All valid and existing permits to operate transport…

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SWEDISH automotive company Scania said that it was committed to help the Philippine government develop bus rapid transit (BRT) systems in the country by teaching Filipino drivers and technicians. “We are especially very keen on city bus developments…The biggest commitment that we can offer in the Philippines [is that] we…

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Motorists were advised to avoid North Avenue and take alternate routes toward Quezon Memorial Circle starting January 15 because of the installation of rail tracks for the Metro Rail Transit-7. An advisory of the MRT-7 Project Traffic Management Task Force said construction crew will occupy two lanes at the center…

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