Transport & Logistics

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 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, 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.

The country’s two largest airlines said on Wednesday that they have secured sufficient jet fuel to maintain operations, including long-haul flights, despite a volatile global market.

SM Prime Holdings Inc., the property development arm of the Sy Group, is increasing investment in transport-linked infrastructure, partnering with government agencies to improve mobility across Metro Manila by leveraging the strategic locations of its malls.