Aznar Shipping files IPO to fund expansion
Cebu-based Aznar Shipping Corp. has filed with the Securities and Exchange Commission (SEC) to raise as much as P670 million through an initial public offering (IPO), as the regional operator seeks capital to expand its fleet and supporting infrastructure across the Visayas.
President Marcos secures $75M India pledges targeting rural health, digital rails
President Ferdinand Marcos Jr. locked in strategic expansion commitments from Indian conglomerates, anchoring a diplomatic push with USD75 million in immediate investments from iSON Group projected to generate 2,000 local jobs.
DOTr rolls out monthly financial aid to PUV operators
Starting this September, the Department of Transportation (DOTr) is providing targeted financial assistance to transport cooperatives and corporations struggling with monthly loan payments, to keep modern public utility vehicles (PUVs) running and protect workers’ livelihoods.
New 8-car EMU trainset delivered for North-South Commuter Railway
The Department of Transportation (DOTr) announced the arrival of a new eight-car electric multiple unit (EMU) trainset built for the Malolos-Tutuban segment of the North-South Commuter Railway (NSCR). This marks the fourth trainset secured for the project.
Eutelsat orders 229 more OneWeb satellites from Airbus
At the International Space Summit in Paris, in the presence of French Minister of Higher Education, Research and Space Philippe Baptiste, Eutelsat announced it has ordered 229 more OneWeb satellites from Airbus, marking a major expansion of its low Earth orbit (LEO) connectivity network.
