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1. AbaCore [ABA 1.11, up 0.9%; 97% avgVol] [link] announced that it has terminated the memorandum of agreement with Greenergy [GREEN 0.40, up 2.6%; 160% avgVol] to build a massive food terminal and logistics center in Batangas. The two companies signed the agreement in March of 2021. No reasons for the termination were provided.
MANILA, Philippines — The Bureau of Customs (BOC) will inspect within the week two other shipments of the alleged consignee of 323 kilos of methamphetamine hydrochloride or shabu valued at P2.2 billion from Mexico to determine if the shipments also contain illegal drugs.
The mention of “Subic” brings to mind a bustling port, an active community and catalyst of economic mobility and prosperity among its people.
MANILA, Philippines — At least 323.18 kilos of methamphetamine hydrochloride or shabu worth P2.19 billion were discovered on Oct. 4 at the Manila International Container Port (MICP), the Philippine National Police (PNP) reported yesterday.
BEIJING — Asia's competitive advantage was once cheap labor. Now, whether it's China, India or Japan, the region's edge lies in industrial services, KKR's heads of global and Asia macro said in an October note.
Conglomerate SM Investments Corp. (SMIC) said Wednesday it expects its portfolio investments to contribute more than 10 percent to overall earnings over the medium term.
MANILA, Philippines — The suspension of pass-through fees will not only bring down logistics costs but also ensure faster delivery of products, according to the Department of Trade and Industry.
TO ensure the efficient movement of goods across regions, President Ferdinand Marcos Jr. suspended the collection of the «pass-through fees» among local government units (LGUs) for any vehicles that are transporting any goods, Malacañang announced Friday.