Transport & Logistics
MacroAsia profit drops 45% as costs, weaker affiliate earnings bite
Higher operating costs and weaker contributions from associates, particularly aircraft maintenance unit Lufthansa Technik Philippines (LTP), dragged down MacroAsia Corp.’s nine-month net income attributable to parent-company shareholders by 45 percent to P560.4 million, despite revenue growth across its food services, airport ground handling and water businesses.
Over 300 domestic flights adjusted for 49th ASEAN Summit; free rebooking, refunds guaranteed
More than 300 domestic flights will face schedule changes during the 49th ASEAN Summit in Manila next week, with authorities assuring travelers they can rebook for free, get full refunds, or receive travel funds for future trips.
ICTSI pours over $500 million into Argentine port, marking investment treaty milestone
International Container Terminal Services Inc. (ICTSI) has committed more than $500 million to develop its Argentine subsidiary TecPlata, underscoring the Philippine port operator’s long-term dedication to boosting port infrastructure and reinforcing economic links between Argentina and the Philippines.
CIAC pitches four Clark projects to global aviation investors
Clark International Airport Corp. (CIAC) presented four major development projects to international aviation and infrastructure investors in Hong Kong, seeking to attract global capital and strengthen Clark’s position as a logistics and aviation hub for North Luzon.
FedEx brings online duty, tax payments to Philippine import tool
FedEx has added online duty and tax payments to its Philippine import platform, allowing customers to settle customs charges through cards, e-wallets, and bank transfers without logging in.
