Transport & Logistics

Honda Motor Co. Ltd. said Thursday, March 11, it is scrapping three planned electric vehicle models for North America in a dramatic strategy reset that could saddle the Japanese automaker with losses of up to JPU2.5 trillion (around USD16–billion).

The Department of Transportation (DOTr) has warned domestic shipping lines against imposing steep passenger fare hikes, signaling tighter oversight from regulators led by the Maritime Industry Authority (MARINA).

The Subic Bay Freeport Zone is plotting a major leap into the regional cruise tourism market with plans to build a dedicated cruise ship terminal worth about P10 billion, an investment that also coincides with renewed shipbuilding activity and expanding container operations in the port hub.

The government says commuters and pedestrians will soon see safer and more efficient travel along Epifanio de los Santos Avenue (EDSA) as sidewalk expansion works under its ongoing rehabilitation reach 60 percent completion.

The Salmon Group Ltd is expanding its motorcycle financing business in the Philippines by introducing in-store motorcycle loans, allowing customers to apply for financing directly at partner dealerships.