REICELENE JOY IGNACIO

INTRA-ASIAN TRADE ROUTE FROM SUBIC LAUNCHED

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INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said on Monday it welcomes the presence of a Taiwanese chartered vessel in Subic to mark the beginning of a new intra-Asian trade route from Subic Freeport. Cape Fulmar, a 1,440-TEU (twenty-foot equivalent unit) chartered vessel of Taiwan’s largest shipping company, Evergreen Marine Corp.,…

DOTR ORDERS MAINTENANCE PROVIDER

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THE Department of Transportation (DOTr) has ordered the maintenance provider of the Metro Rail Transit-3 (MRT-3) to explain why its contract should not be terminated over the derailment of one of its trains last week. In a text message to media over the weekend, DoTR undersecretary for rails and toll…

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The development of the country’s first roll-on roll-off container barge terminal was launched in Tanza, Cavite by the Cavite Gateway Terminal (CGT) on Friday, in partnership with the Department of Transportation. CGT is a wholly-owned subsidiary of the International Container Terminal Services, Inc. “In line with the DoTr’s national transport…

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The Quezon City Council passed a resolution urging the Land Transportation Franchising and Regulatory Board to consider lifting its moratorium and start accepting new applicants for certificates of public convenience. It seeks to rescind an LTFRB memorandum circular which ordered a nationwide moratorium on the acceptance of new petitions for…

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LISTED courier and money transfer company LBC Express Holdings, Inc. said Thursday its net income last year soared 120 percent to P913.94 million from P416.3 million in 2015 due to the rise in air and courier services driven by improved cost of air and sea freight. In a statement, it…

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The Passenger Accident Management & Insurance Agency (PAMI) will release P200,000 to families of each casualty in a bus accident in Nueva Ecija last Saturday. The Leomarick bus fell into a ravine in Carranglan town, killing at least 33 passengers and injuring more than a dozen others. The release will…

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The Light Rail Manila Corporation on Wednesday said it has signed an agreement with engineering and construction firm First Balfour on the Light Rail Transit Line 1 Structural Restoration Project. The contract covers the parapets, faulty concrete and river bridges of the train line. “While we have been working towards…

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A Taiwanese financial institution said it will finance Filipino aviation service provider PhilJets Group’s fifth Airbus H130 helicopter. “The Philippines has shown strong economic growth in the past decade and the trend is expected to boost the local market’s demand for aircraft leasing services. We establish a partnership in the…

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ONLINE gaming companies are expected to take more office spaces this year, next to the information technology and business process outsourcing industry, according to a real estate consultancy. The Philippine Amusement and Gaming Corp. issued 35 offshore gaming licenses last year. “Each of these companies is expected to take up…

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TRANSPORTATION Secretary Arthur Tugade said he is hoping that President Rodrigo Duterte and Japanese Prime Minister Shinzo Abe will sign the agreement for the construction of the Mega Manila Subway project in November this year. This “most ambitious project” will allow for a “consistent travel time” of 31 minutes between…

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