Transport & Logistics

Several transport groups announced Thursday they are canceling their planned transport holiday next week, following the Department of Transportation (DOTr)’s launch of a financial aid and incentive package meant to ease the impact of high fuel prices on public utility vehicle (PUV) drivers and operators.

Cebu Pacific posted a net loss of P5.9 billion in the first half of the year, a sharp reversal from the P8.9-billion net profit recorded in the same period last year, due to surging fuel prices and foreign exchange losses.

Cebu-based Aznar Shipping Corp. is expanding its cadetship program for the upcoming academic year, opening onboard training opportunities for more than 200 aspiring seafarers as the domestic shipping industry grapples with a critical shortage of qualified maritime officers in the Visayas.

MacroAsia Corp. (MAC), working in a joint venture with Germany’s Lufthansa Technik AG, has started construction of a new aircraft base maintenance facility at Clark International Airport, expanding its aviation maintenance, repair and overhaul (MRO) operations in the Philippines.

The government is aiming to open applications for its flagship Electric Vehicle Incentive Strategy (EVIS) by September, as it moves to finalize the implementing rules and regulations of the incentive program designed to attract large-scale investments in electric vehicle manufacturing.