Transport & Logistics
MPTC faces gigantic debt load, eyes private placements to stay on track
Metro Pacific Tollways Corp. (MPTC), operator of major expressways in the Philippines, Indonesia and Vietnam, is confronting what its leadership calls a “gigantic debt burden” as it looks to raise fresh funds to pay down what could reach up to ₱200 billion in obligations.
LRT-1 operator hopes to convince MVP not to sell stake amid financial strain
The Light Rail Manila Corp. (LRMC), the private operator of LRT-1, says it will try to dissuade its chairman, Manuel V. Pangilinan (MVP), from selling the company’s stake after the government rejected its request for a fare increase.
PH remains key global source of skilled seafarers
ATPI, a global marine travel and logistics company, said the Philippines continues to be one of its most important crew source markets, citing the country’s large pool of highly skilled, English-proficient seafarers.
Globe, Nokia launch ultra-fast 5G mmWave technology
Globe Telecom has partnered with Nokia to launch commercial 5G millimeter-wave (mmWave) technology in the Philippines, delivering fiber-like internet speeds without the need for physical cables.
Air China Cargo orders six Airbus A350F freighters
Air China Cargo has signed a deal to buy six Airbus A350F aircraft, becoming the first mainland Chinese customer for Airbus’s new-generation freighter.
