Transport & Logistics
Tesla profit up even as AI push intensifies
Tesla, Inc., the U.S.-based electric vehicle and clean energy company led by billionaire Elon Musk, reported higher first quarter earnings, as gains from its core auto business were partly offset by aggressive spending on artificial intelligence, robotics, and factory expansion.
Airfares expected to rise as fuel surcharge jumps to Level 19
Air passenger fares are expected to increase until April 30, 2026 after the Civil Aeronautics Board (CAB) raised the fuel surcharge from Level 8 to Level 19 for both domestic and international flights.
Philippines, Norway boost maritime cooperation on safety, green shipping, and digital systems
The Philippines and Norway have agreed to expand cooperation in maritime safety, digitalization, and environmental efforts following talks between the Maritime Industry Authority (MARINA) and the Norwegian Maritime Authority (NMA).
Mober pushes EV trucks despite cost hurdles
Philippine logistics firm Mober is accelerating its shift to electric vehicles (EVs) but warns that steep upfront costs, limited financing, and insufficient charging infrastructure continue to slow large-scale adoption.
BPI EV loans hit P12B on demand surge
The Bank of the Philippine Islands (BPI) is accelerating its push into electric vehicle (EV) financing, with its loan portfolio climbing 18% to about P12 billion as of end–first quarter, buoyed by stronger demand and improving affordability.
