Batanes seaport to be funded by US
MANILA, Philippines — A plan is underway to construct a United States-funded civilian port in Batanes, chosen for its strategic significance and proximity to Taiwan.
Construction latest news
DoTr: Tutuban-Alabang PNR services to stop by March 28
THE Philippine National Railways (PNR) is scheduled to temporarily halt its Governor Pascual-Tutuban and Tutuban-Alabang operations starting March 28 to accelerate the construction of the North-South Commuter Railway (NSCR) project in Metro Manila.
EDITORIAL — Missing the commuter train
After the Holy Week, the daily commute for around 30,000 people will become more difficult. Beginning March 28, the Philippine National Railways will stop its Metro Manila operations to give way to the construction of the North-South Commuter Railway. The project is expected to last five years, during which regular PNR commuters will have to rely on buses to be fielded along the train routes.
PBBM turns over eight roads, farm machines in Caraga region
PROSPERIDAD, Agusan del Sur--President Ferdinand Marcos Jr. together with Agrarian Secretary Conrado Estrella III, turned over eight farm-to-market roads (FMRs) worth P194 million and P8.9 million worth of farm machineries to 11 agrarian cooperatives.
PNR to suspend Metro Manila operations to 'speed up NSCR project'
MANILA, Philippines — The Philippine National Railways (PNR) will halt its Governor Pascual-Tutuban and Tutuban-Alabang operations starting March 28, 2024 to "accelerate" the construction of the North-South Commuter Railway (NSCR) project in Metro Manila.
Ayala Corp cold storage JV to start construction on massive facility
GMAC Logitech Refrigeration Corporation (GMAC) [link], the cold storage joint venture between Ayala Corp [AC 675.00 ?1.2%] and private cold storage player Glacier Megafridge (GMI), announced it would break ground in a few weeks on a new 11,798-pallet position temperature-controlled facility in Panabo City, Davao del Norte. GMAC said that it expects the new facility to begin commercial operations by Q1/25, and that once completed, it would cater to “local food producers, manufacturers, importers, institutional food service, and quick service restaurant clients.” The facility will triple GMAC’s system-wide capacity.MB BOTTOM-LINE: Glacier is one of only two or three cold storage providers who have the DNA required to grow into a potential national leader. It’s great to see the Ayala Group continuing to press forward with cold storage development, though I’m disappointed that we don’t have better insight into their strategy. It sucks to see this developed under the AC Logistics Holdings subsidiary of AC, and not as part of the AyalaLand Logistics [ALLHC 2.13 ?2.3%] entity that has seen its cold storage operations take off in recent quarters. Even putting it in ALLHC would be sub-optimal, as their cold storage is only just a small fraction of what ALLHC actually does. Still, I applaud any news like this where serious companies are building significant structures in the cold storage space. At least AC is doing something! What about all those other conglos?
Jobs on the rise: New urban developments are driving employment growth
MANILA, Philippines — Cities worldwide, while diverse in demographics and culture, share a common pursuit of progress through new urban developments. These projects not only enhance convenience amid urban congestion but also stimulate local economies and communities through various socio-economic activities like job creation.
Agri dep’t revitalizes local cacao industry
The Department of Agriculture shall focus on the revitalization of the local cacao industry, through its High Value Crops and Development Program (HVCDP) and other operating units.