REICELENE JOY IGNACIO

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CLARK, Pampanga: The Ninoy Aquino International Airport (NAIA) will only last seven to 10 years if congestion inside and outside the airport is not resolved, according to Transportation Secretary Arthur Tugade. “I forecast the life of NAIA to be as a given term, seven years to 10 years,” Tugade said…

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ALL airport workers and regular employees in Boracay will receive their full monthly pay during the entire six months closure of the island, San Miguel Corp. (SMC) said on Thursday. Boracay airport, known as the Caticlan airport, is operated by Trans Aire Development Holdings Corp. which is a subsidiary of…

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FLAG carrier Philippine Airlines (PAL) swung to a net loss of P4.6 billion in 2017 from a consolidated net income of P5.9 billion in 2016 due to significantly higher operational costs including higher fuel prices. The airline said consolidated revenues amounted to P129.5 billion, up 13.2 percent from the previous…

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The Land Transportation Franchising and Regulatory Board ordered transport network company Grab to lower its surge rate from twice the fare to only 1.5x “immediately” until a new player comes in. A fare surge occurs whenever the demand for the service is greater than the supply of drivers. The Singapore-based…

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The government has rejected Aboitiz Equity Ventures’s (AEV) unsolicited proposal to upgrade, expand, operate and maintain four regional airports, with the Transportation department ruling that the projects should undergo public bidding. AEV, through wholly-owned subsidiary Aboitiz InfraCapital, Inc. (AIC) last month offered to spend P148 billion to rehabilitate and operate…

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METRO Pacific Investments Corporation is keen to bid for contracts to build regional airports in the Philippines under the government’s “Build Build Build” program. “For Metro Pacific, we are very bullish and enthusiastic or aggressive. We are an island nation. It’s the airports that really connect our nation not just…

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Global shipping consultancy company Drewry is expecting greater demand and supply in the container shipping market in 2018 and 2019, which would result in higher freight rates profit for carriers. In the firm’s Container Forecaster report, Drewry Senior Manager Simon Heaney said “the bad news for carriers is that they…

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The Land Transportation Franchising and Regulatory Board (LTFRB) denied a report that four new transport network companies (TNCs) have been given the go-signal to operate in the country. A television report quoted Transportation Assistant Secretary Elvira Medina as saying that the four other TNCs have been approved. LTFRB Board Member…

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Transport network company Uber shut down its operations in the Philippines on Sunday, April 8, four years after the company was allowed to legally operate in the country. Land Transportation Franchising and Regulatory Board Member Aileen Lizada said under Uber’s Transaction Service Agreement, the company was required to shut down…

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The Land Transportation Office (LTO) now has the capability to manufacture license plates after seven units of manual embossing machines were delivered to the government agency, the Department of Transportation (DOTr) said on Sunday. “The plate making machines were part of the contract of Trojan Computer Forms Manufacturing Corporation and…

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