Transport & Logistics
PEZA courts VinFast as EV investments accelerate
The Philippine Economic Zone Authority (PEZA) is positioning itself to capture a larger share of Southeast Asia's fast-growing electric vehicle (EV) supply chain, with Vietnam's VinFast emerging as a potential new investor as Indonesian automotive manufacturers expand their presence in Philippine economic zones.
Auto industry seeks incentives beyond EV transition
The Philippine automotive industry is renewing its push for a performance-based incentive program similar to the discontinued Comprehensive Automotive Resurgence Strategy (CARS), arguing that both internal combustion engine (ICE) and electrified vehicle production will be necessary to sustain local manufacturing and meet evolving market demand.
New fuel labels to reshape car buying
Motorists will soon have a clearer way to compare the fuel efficiency of vehicles across brands as the government prepares to fully enforce a mandatory fuel economy labeling program aimed at standardizing vehicle performance information, according to the Department of Energy (DOE).
Batangas Port delivers $28M economic boost
The Batangas Integrated Port (BIP), operated by Asian Terminals Inc. (ATI) in partnership with DP World, generated an estimated USD27.8 million in economic output and supported 2,340 jobs across the Philippines in 2024, underscoring the growing role of regional ports in driving trade and economic activity.
AirAsia averts grounding: P271.94 million debt paid just in time
The Civil Aviation Authority of the Philippines (CAAP) confirmed on Thursday that AirAsia Philippines has fully paid its outstanding obligations amounting to P271.94 million, resolving a matter that previously put the airline at risk of being shut down.
