Business

Mindanao Container Terminal (MCT) welcomes the new year strong with the launch of Regional Container Line’s (RCL) South Philippines 6 (RSP6) service that connects the Philippines’ Visayas and Mindanao regions to Asia and the Middle East via Singapore.

Despite the challenges of the global pandemic, Adriatic Gate Container Terminal (AGCT) in Rijeka, Croatia reached a significant milestone, surpassing 300,000 TEUs on 23 December and setting a new record annual terminal volume.

Relaxing quarantine restrictions and the projected high consumer demand during the Christmas season are fueling business optimism for the rest of 2020 while consumers’ pessimism for next year gets diminished.  Several Bangko Sentral ng Pilipinas (BSP) surveys indicated that businesses and consumers are starting to be more confident in the final 3 months, going into the first quarter of 2021. …

The Asian Development Bank is projecting the Philippine economy to shrink 8.5% in 2020 due to the impact of a protracted pandemic. 

Developer Megawide Construction Corporation, under the leadership of its CEO Ed Saavedra, hopes to duplicate its showcase achievement in building the Mactan-Cebu International Airport (MCIA), this time for the Ninoy Aquino International Airport (NAIA), the country’s main gateway.

America’s billionaires have seen their wealth rise by more than $1 trillion since the start of the COVID-19 pandemic, according to a recent study, fueling debate about higher taxes on the rich. 

Baltic Container Terminal (BCT) in Gdynia, Poland has joined the EU-backed COMODALCE project, designed to take intermodal rail operations to a new, higher level.  Participation in the COMODALCE initiative is the latest in a series of measures implemented by BCT that have combined to lift intermodal rail traffic to account for 30 per cent of BCT’s annual container throughput.  BCT …

Global beverage company appoints Tony Del Rosario as president of Coca-Cola Philippines After 108 years of being in the country and almost three decades since the business was led by a Filipino, the global beverage brand recently announced homegrown and returning Filipino talent, Tony Del Rosario as the next president for Coca-Cola Philippines, and vice-president of franchise operations for Coca-Cola …

More handwashing facilities are built under the WASH in Pandemic program, which aims to deliver immediate water access, sanitation, and hygiene (WASH) interventions in the “new normal”—this time in Pasig City.

The 6,589-TEU Yang Ming Mutuality recently departed Basra Gateway Terminal (BGT) in Um Qasr, Iraq following a record-breaking turnaround.