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Clark airport exceeds 2023 passenger target
Clark International Airport, the alternative gateway to Metro Manila, breached its passenger target in 2023 amid the recovery of global air travel......»»
Second runway for Clark eyed
The government plans to invest as much as P10 billion to put up a second runway for the Clark International Airport to entice airlines, both passenger and cargo, to locate in the gateway......»»
Cargo vessel refloated after DavOr grounding
THE Coast Guard District-Southeastern Mindanao (CGDSEM) announced on Monday morning, May 6, 2024, that the cargo vessel that ran aground in Davao Oriental has been successfully refloated......»»
Liberian-flagged ship nasa kustodiya ng BOC
Bagamat walang kontrabandong natagpuan sa loob ng Liberian-flagged na M/V Ohshu Maru, inisyuhan pa rin ng Bureau of Customs (BOC) kamakalawa ng Warrant of Seizure and Detention (WSD) ang naturang cargo ship matapos na madiskubreng palutang-lutang sa Bohol Sea simula pa nakaraang linggo habang patungo sa port of Kinuura, Japan. The post Liberian-flagged ship nasa kustodiya ng BOC first appeared on Abante......»»
First Gen awards contract to Chinese firm
Lopez-led First Gen Corp. has awarded a contract to Chinese firm China National Offshore Oil Corp. to supply one liquefied natural gas cargo of approximately 130,000 cubic meters......»»
Baltimore bridge accident: Freighter pilot called for tugboat help before plowing into bridge
BALTIMORE — The pilot of the cargo freighter had radioed for tugboat help and reported a power loss minutes before the Baltimore bridge accident, federal safety officials said on Wednesday, citing audio from the ship’s “black box” data recorder. The head of the National Transportation Safety Board also said that Francis Scott Key Bridge, a.....»»
Baltimore Bridge collapse: Police had about 90 seconds to stop traffic before bridge fell
BALTIMORE — It was the middle of the night when a dispatcher’s warning crackled over the radio: A massive cargo ship had lost its steering capabilities and was heading toward the Francis Scott Key Bridge. Within about 90 seconds, police officers who happened to be nearby responded that they managed to stop vehicle traffic over.....»»
EXPLAINER: Why did the Baltimore bridge collapse and what is the death toll?
(Reuters) -Divers recovered the remains of two of the six missing workers more than a day after a cargo ship smashed into Baltimore’s Francis Scott Key Bridge. The bodies of two men were found in a red pickup truck submerged in the icy waters of the Patapsco River. Rescuers pulled two workers from the water.....»»
Six presumed dead after ship destroys major US bridge
Authorities on Tuesday suspended their search for six people missing after a packed cargo ship slammed into a Baltimore bridge, causing it to collapse and blocking one of the busiest US commercial harbors......»»
Free licensing offered to low-income drivers in BARMM
Marginalized drivers of passenger vehicles, cargo trucks and tricycles in the Bangsamoro region can now renew their licenses for free through a program of their transportation and communications ministry......»»
Remains of 2 Filipino seafarers still in cargo vessel — Cacdac
MANILA, Philippines — The remains of the two Filipino seafarers who died from the missile strike in the Gulf of Aden were left in the ill-fated carrier vessel True Confidence, Migrant Workers Officer-in-Charge Hans Leo Cacdac said on Friday. Cacdac, in a radio interview, said True Confidence caught fire after the deadly Houthi missile strike. “Yung labi.....»»
Title: Ecological disaster as sunken ship leaks fertilizer into sea
In a tragic turn of events, a British-owned cargo ship, the Rubymar, carrying oil and fertilizer was sunk by Yemen’s rebels in the Red Sea,.....»»
PPA awards P273 million Camiguin ports deal
A Camiguin-based cargo handler has bagged the contract to operate and maintain three ports in Mindanao for P273 million, marking another success in the efforts of the Philippine Ports Authority to privatize some of its facilities......»»
BSP keeps interest rates steady
The Bangko Sentral ng Pilipinas said yesterday that its Monetary Board decided to keep rates steady. In doing so, the BSP said that inflationary risks “continue to lean toward the upside”, but that its latest forecasts showed that “inflation would settle close to the upper-end of the target range.”.....»»
Philippine central bank holds key interest rates
MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate at 6.5 percent and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent, respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said that inflation expectations remain well-anchored while a restrictive policy stance.....»»
Higher rates force government to cut down T-bond award
The government barely raised half of its target long-term securities yesterday as rates picked up, allowing it to borrow only P11.5 billion from the debt market......»»
Philex to fast–track Silangan mine operations
Pangilinan-led Philex Mining Corp is exploring all possible logistical options to fast-track the commercial operations of its Silangan gold and copper mine ahead of the fourth quarter 2025 target......»»
Economy seen growing by 6.2 percent this year
Philippine economic expansion may pick up in the coming months, with growth seen averaging 6.2 percent this year, well within the government’s six to seven percent target, according to BMI Country Risk & Industry Research......»»
Philippine economy expands 5.7% in Q1
MANILA — The Philippine economy expanded by 5.7 percent in the first quarter of the year, up from 5.5 percent in the previous quarter, according to the Philippine Statistics Authority (PSA). However, this growth was below the government’s target and slower than the 6.4 percent growth recorded in the same period last year. The Marcos administration.....»»
First rate cut likely 25 basis points - The Manila Times
MONETARY authorities will cut key interest rates by 25 basis points (bps) once inflation settles around the midpoint of the target range, the chief of the Bangko Sentral ng Pilipinas (BSP) said. "Right now, if we ease, it will just be 25 basis points. But we'll see," central bank Governor Eli Remolona Jr. told reporters on Monday. "Anything more than 25 [bps], it's like there's a recession alrea.....»»