Transport & Logistics
Toyota Philippines profit hits record on EV push
Toyota Motor Philippines (TMP) booked a record P19 billion net income in 2025, up 18.9 percent from P16.03 billion a year earlier, parent GT Capital Holdings reported, as strong vehicle demand and an expanding electrified lineup lifted results.
Philippine Airlines cancels several flights amid rising costs
The Philippine Airlines (PAL) announced Thursday it will cancel several international and domestic flights due to changing global aviation conditions, including rising fuel costs.
Port users, exporters back energy relief law
Key industry groups, led by the United Portusers Confederation of the Philippines, Inc. (UPC) and Philippine Exporters Confederation, Inc., have voiced strong support for the government’s energy emergency declaration and a new law allowing the suspension or reduction of excise taxes on petroleum products.
Lorenzo Shipping wins SEC nod for capital hike
Lorenzo Shipping Corporation has secured regulatory approval to double its authorized capital stock to P2 billion, a move that paves the way for the capital infusion of National Marine Corp. (NMC) and further capital raising to fund expansion.
Asian Terminals set for PSE delisting April
Asian Terminals, Inc. is set to exit the stock market on April 3 after securing regulatory approval for its voluntary delisting, following a successful tender offer that effectively consolidated ownership under its key shareholders.
