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LBC Express net income in H1 down 54%

LBC Express net income in H1 down 54%

Aug. 17 | LBC Express Holdings, Corp. reported a net income of P548.95 million in the first half of 2019, a 54% drop from the P1.196 billion earned in the same period last year. In a regulatory disclosure, LBC said the lower income was due to net loss from one...

DOTr, BCDA turn over operations of Clark airport to LIPAD

DOTr, BCDA turn over operations of Clark airport to LIPAD

Aug. 17 | CLARK, PAMPANGA – The operation and maintenance of Clark International Airport (CRK) was formally turned over to Luzon International Premiere Airport Development (LIPAD) Corp on August 16, 2019. Department of Transportation (DOTr) Secretary Arthur Tugade...

Chelsea Logistics H1 income shrinks 14.7%

Chelsea Logistics H1 income shrinks 14.7%

Aug. 16 | Image by OpenClipart-Vectors from Pixabay Chelsea Logistics and Infrastructure Holdings Corp. (CLIHC) posted a 14.7% decline in net income for the first half of 2019 to P361 million from P308 million year-on-year owing to higher finance costs and depreciation...

DOTr officially awards Bulacan airport project to San Miguel

DOTr officially awards Bulacan airport project to San Miguel

Aug. 16 | The Department of Transportation (DOTr) has formally awarded to San Miguel Holdings Corporation (SMHC) the Bulacan International Airport (BIA) project. Under the Notice of Award (NOA) given on August 14, SMHC will undertake the financing, design, construction,...

ATI income up 53% in H1 as Manila, Batangas port volumes soar

ATI income up 53% in H1 as Manila, Batangas port volumes soar

Aug. 15 | Manila South Harbor handled nearly 650,000 twenty-foot equivalent units of international container cargoes, a new mid-year record for the port and higher by over 15% from volumes processed in the first half of 2018. Photo courtesy of port operator Asian...

Cebu ship operators unite to form organization

Cebu ship operators unite to form organization

Aug. 14 | Cebu-based shipping companies have banded together to form a single organization with the aim of promoting development of the domestic shipping industry. Formally established last June, the Philippine Coastwise Shipping Association, Inc. (PCSA) is a merger...

ICTSI income jumps 29% in H1

ICTSI income jumps 29% in H1

Aug. 14 | Manila International Container Terminal, International Container Terminal Services, Inc’s flagship terminal. Photo from ICTSI. International Container Terminal Services, Inc. (ICTSI) reported a net income of US$146.070 million in the first half...

MM infra projects to trim transport cost by nearly P1.4B daily by 2022

MM infra projects to trim transport cost by nearly P1.4B daily by 2022

Aug. 13 | Mid-morning traffic on Roxas Boulevard in Manila. Once transport projects worth P2.8 trillion in Metro Manila are completed, they will not only reduce traffic but will also cut transport cost from P3.5 billion per day in 2017 to P2.13 billion per day...

Cebu Pacific expands Clark operations

Cebu Pacific expands Clark operations

Aug. 13 | From L: Department of Tourism Region III’s Maan Banawa; Japan National Tourism Organization Executive Director Daisuke Tonai; Transportation Secretary Arthur Tugade; Cebu Pacific President and CEO Lance Gokongwei; Pampanga Provincial Board Member...

Batangas port container traffic surges 40% in first half

Batangas port container traffic surges 40% in first half

Aug. 9 | Batangas Container Terminal handled a record throughput of over 160,000 twenty-foot equivalent units in the first half of 2019, up more than 40% from the same period in 2018. Photo from port operator Asian Terminals Inc. The Batangas Container Terminal...