CEBU-BASED Aznar Shipping Corp. will invest P504 million to acquire two new roll-on/roll-off passenger vessels next year, backed by proceeds from its planned initial public offering.
Transportation Secretary Giovanni Lopez is urging Congress to allocate P5 billion for a 2027 fuel subsidy program, saying the funding was left out of the Department of Budget and Management’s proposed National Expenditure Program even as public utility vehicle drivers and operators continue to face high fuel costs.