Rising global oil prices, fueled in part by Middle East tensions, are increasingly pressuring export-oriented firms. The Philippine Economic Zone Authority (PEZA) is acting to shield its locators by boosting logistics efficiency within ecozones, Director General Tereso Panga said.
International Container Terminal Services Inc. (ICTSI), the global port operator of billionaire Enrique Razon Jr., announced the sale of its entire 51 percent stake in Yantai International Container Terminal Ltd. (YICTL), a container port operator in China, in a transaction valued at P6.76 billion.
The Bureau of Customs’ 2025 lists of top importers at the Port of Batangas and the Manila International Container Port (MICP) reveal more than a split in economic roles—they show how location dictates the direction, speed, and cost of trade.
San Miguel Corporation (SMC) Infrastructure will roll out a two-month toll rebate program for select public utility vehicles (PUVs) and cargo trucks using the South Luzon Expressway (SLEX) and STAR Tollway.