Mindanao International Container Terminal Services Inc. (MICTSI), a subsidiary of International Container Terminal Services Inc. (ICTSI), has secured a 25-year extension to operate and manage the Mindanao Container Terminal (MCT). The extension, awarded by the PHIVIDEC Industrial Authority, allows MICTSI to continue managing the MCT until 2058. Located within the PHIVIDEC Industrial Estate in Tagoloan, Misamis Oriental, the MCT serves …

The Philippines’ seventh consecutive participation at the China International Import Expo (CIIE), the world’s biggest import-themed trade show, was underscored by a notable performance after yielding USD 1.602 billion in export sales and purchase agreements, surpassing last year’s total by a significant margin. The amount was a combination of reported sales, purchase agreements or memorandum of understanding, and business matching …

Tagum Water, an operating unit of Manila Water Non-East Zone subsidiary Manila Water Philippines Ventures (MWPV), has once again proven its dedication to sustainability and responsible use of energy by winning in the Department of Energy’s 2024 Energy Efficiency Excellence (EEE) Awards. This consecutive win highlights Manila Water’s unwavering commitment to environmental stewardship and energy-efficient operations, paving the way for …

The Bangko Sentral ng Pilipinas (BSP) and the Department of Energy (DOE) led the “Roundtable Discussion on Unlocking Financing for the Green Energy Auction Program (GEAP)” on 12 December 2024 at the BSP Head Office in Manila. The event gathered policymakers, financial institutions, and energy industry players to explore market reforms and innovative financing instruments for renewable energy (RE) development. …

President Ferdinand Marcos Jr. witnessed the signing of seven key transport agreements expected to improve the country’s transportation system. The agreements for the New Cebu International Container Port (NCICP), Cebu Bus Rapid Transit (Cebu BRT), modernization of Bohol-Panglao International Airport, as well as agreements for the New Dumaguete and New Siargao airports were signed in the presence of Pres. Marcos …

The Department of Transportation (DOTr) distributed livelihood packages to residents in Malibay, Pasay City, who will be affected by the EDSA Greenways project. In coordination with the Department of Labor and Employment (DOLE) and City Government of Pasay, the livelihood package assistance is intended to support income augmentation for the recipients during their relocation and throughout the project’s construction phase. …

The Department of Transportation (DOTr) joined the celebration of the Philippine Railways Institute (PRI)’s 5th founding anniversary with the theme: ‘High 5 PRI: Railway Ascending thru Innovation and Learning’. Transportation Secretary Jaime J. Bautista lauded PRI’s hard work and dedication to develop training programs and materials, and further conducting research and development for the upgrade of the railways sector. “I …

Asian countries are working collectively to be at the forefront of the global shift towards attaining environmentally sustainable transport, Transportation Undersecretary Timothy John Batan said. Usec. Batan said Asian countries have made considerable progress towards low carbon pathways and economic resilience. These achievements, according to Usec. Batan, include curbing fossil fuel subsidies, leading the global road construction and rail expansion …

SAN NARCISO, Zambales — Elmer Francisco U. Sarmiento, Undersecretary for Maritime of the Department of Transportation (DOTr), visited the Philippine Merchant Marine Academy (PMMA) to get updated on the academy’s operations, challenges and accomplishments. Undersecretary Sarmiento said DOTr “will be informed of what’s happening in PMMA—the issues and challenges—and to appreciate PMMA’s accomplishments.” “Because of various administrative and legislative actions, …

By Rose de la Cruz This story sounds familiar. It was just last year that the National Food Authority went in hot water because it sold its supposedly nearly rotting rice to traders at a very low price of P25 per kg. – for their repacking and sale to the marketplace at current market value. For this, the NFA leadership …