• Throughput increased 5% to 10.2 million TEUs• Revenues grew 7% to USD1.5 billion • EBITDA improved 10% to USD830.1 million
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March, 2020
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10 March
What is Cayetano up to?
Letters From DavaoBy Jun Ledesma What is Speaker Alan Cayetano up to? Until he shook his own house by removing a strong pillar closely identified with Pres. Rodrigo R. Duterte, there is neither a storm or tsunami that could shake the foundation of the lower house.
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10 March
Almendras’ hysterical and sorry “sorry”
Television and radio audiences recently saw and heard two “apologies” directed to President Duterte said before a Senate Hearing by the top executives of two of the largest business interests in the country.
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10 March
Metro Manila Subway project not affected by COVID-19
The Department of Transportation (DoTr) said implementation of the Metro Manila Subway project will not be delayed despite the COVID-19 epidemic.
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10 March
Rates cut to spark domestic tourism
Local hotels have started offering discounted rates to support the tourism sector’s campaign to envigorate the domestic market, the Tourism Congress of the Philippines (TCP) said.
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10 March
Sangley airport viability for review
Think tank Infrawatch PH asked the Senate to review the Sangley Point International Airport (SPIA) project, its viability put in question.
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10 March
COVID-19 dampens air traffic – IATA
The Corona virus epidemic (COVID-19) outbreak has significantly dampened air travel demand and caused the slowest traffic growth in the last decade, according to the International Air Transport Association (IATA).
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10 March
Grab gets into motorcycle taxi
Grab Philippines will enter into the motorcycle taxi business ahead of the legalization of two-wheeled taxis in the country.
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10 March
Car sales down in January
Vehicle importers experienced a 16% drop in unit sales in January, attributed to the effect of the Taal eruption and the COVID-19 outbreak.
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10 March
The mystery behind the Kim Chiu shooting
Many in the biz still couldn’t reconcile Kim Chiu, a young, fragile-looking girl being involved in a recent shooting incident. Why Kim of all people?
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The Market Monitor Minding the Nation's Business