Transport & Logistics

The Department of Transportation has approved 12 major rail projects valued at over $30 billion, marking a significant shift after decades of slow progress in the country's transit sector. Undersecretary for Railways Timothy John Batan reported that seven of these major projects are currently under construction, one is finished, and six are slated to open within the next seven years. In a push for environmental sustainability, all 12 networks are designed as fully electric railway systems.

The Clark International Airport Corporation (CIAC) has earned recognition from President Ferdinand R. Marcos Jr. after remitting P585.71 million in dividends to the National Treasury, highlighting the state-run firm's growing financial strength and its expanding contribution to government revenues.

Topline Equity Corp. is casting a wider net beyond its traditional businesses, forming a joint venture with Singapore-based marine services firm Aesen Pte. Ltd. to capitalize on what it sees as a looming boom in offshore infrastructure projects worth an estimated P600 billion.

Senate President Sherwin Gatchalian is pushing a new approach to accelerate electric vehicle (EV) adoption, arguing that convenience and ease of ownership could be just as important as tax incentives in persuading more Filipinos to make the switch.

The Department of Transportation (DOTr) announced that its attached agencies have turned over a total of P15.29 billion in dividends to the national treasury, funds that will be used for priority projects aimed at improving the lives of Filipinos.