Transport & Logistics

The country's domestic air passenger traffic hit a record high of 32.1 million in 2024, the highest figure since 2015, according to data released by the Civil Aeronautics Board (CAB). The 10.98 percent increase from 28.96 million passengers in 2023 signals a robust recovery and growth in the aviation sector, underscoring the nation's economic rebound.

Metro Pacific Investments Corp. (MPIC) has decided against resubmitting its unsolicited bid to rehabilitate, operate, and maintain the MRT3 system, citing the lack of government support for fare increases. MPIC chairman Manuel V. Pangilinan explained the absence of approved tariffs makes it unlikely for the business to move forward with the proposal, saying the current situation is “difficult.”

Globe Telecom is reinforcing its commitment to the SIM Registration Act (RA 11934), emphasizing the need for a validated database to combat SIM card-related crimes.

Metro Pacific Tollways Corp. (MPTC) has announced a temporary pause in its merger negotiations with San Miguel Corp. (SMC), citing the company’s ongoing efforts to raise equity capital to reduce its debts.

Globe Telecom Inc. is setting a new benchmark in the Philippine telecommunications sector with the launch of 587 new 5G sites across the country. The investment is designed to meet the growing demand for high-speed mobile services and enhance Globe’s leadership in the industry.