Transport & Logistics
Asian Terminals secures 25-year Manila South Harbor concession renewal through 2063
Asian Terminals Inc. (ATI) has secured a 25-year extension of its contract to run and develop Manila South Harbor, keeping its role as operator of one of the country’s most important gateways until 2063.
Vietjet launches first direct Clark–Ho Chi Minh City flights, boosting PH–Vietnam business and tourism links
Vietjet has officially started direct flights between Clark and Ho Chi Minh City, marking the first nonstop air route connecting the two destinations and strengthening ties between the Philippines and Vietnam.
PAL launches forst non-stop Manila–Chicago flights
The Philippine Airlines (PAL) officially launched its first nonstop flights between Manila and Chicago today, marking a key expansion of the carrier's network in North America.
UPS-Delbros Clark expansion strengthens Philippine global trade links
An expanded logistics hub in Clark is strengthening United Parcel Service’s (UPS) freight operations in the Philippines and improving local businesses’ access to international markets as the global courier and Delbros Group respond to increasingly complex supply chain requirements.
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.
