Business NEWS

The Light Rail Manila Corporation (LRMC),  private operator and maintenance provider of LRT-1, today (Oct 20) announced it’s adjusting passenger loading capacity to 30 per cent gradually, up to 50 percent later on.

Global express service provider DHL Express, was the second best workplace in the planet (after Cisco, at number one) this year, out of over 10,000 organizations surveyed in 92 countries.

A transport cooperative operating solar electric jeepneys in Las Pinas provided 25,735 passengers with cashless cards worth P30 each,  at promo rates, both for the load and the card.

The Department of Finance (DOF) said that local airlines have yet to submit the final loan plan to activate their P700 million financial support earmarked under the government’s economic stimulus programs.

A subsidiary of International Container Terminal Services, Inc. has started commercial operations at the Multi-Purpose Terminal of the Port of Kribi in Cameroon, Central Africa.

WASHINGTON (AFP) – The US Treasury on Tuesday announced it had reached a deal with seven major US airlines including American and United to offer them loans in a bid to stave off job cuts amid the coronavirus crisis.

Despite the ongoing pandemic, TecPlata port terminal in Argentina has begun receiving imports from the Far East with the first shipment from China through a new Far East service provided by Evergreen Marine Corporation.

NEW YORK (AFP) – United Airlines said Wednesday it plans to lay off up to 16,000 workers amid a prolonged industry downturn due to the coronavirus and the continuing stalemate in Washington over further federal support for the industry.

With airlines mostly grounded for  half a year, passenger demand in July collapsed 91.9% versus 2019 levels, according to the latest data from the International Air Transport Association (IATA).

SAN FRANCISCO (AFP) – The US aviation authority is investigating manufacturing flaws in the Boeing 787 after the company reported that certain plane parts did not conform to its production standards.

Cargo, one of the least glamorous aspects of flying, is proving a rare ray of light for airlines amid the coronavirus gloom.

With airlines mostly grounded for  half a year, passenger demand in July collapsed 91.9% versus 2019 levels, according to the latest data from the International Air Transport Association (IATA).

NEW YORK (AFP) – American Airlines warned Tuesday it will lay off around 19,000 workers on October 1 after federal aid expires unless lawmakers vote to give beleaguered US carriers more money.

Travelers should wear face coverings during their journey for the safety of all passengers and crew during this pandemic, the International Air Transport Association (IATA)  announced.

A policy think tank has called on the Philippine government to support the Philippine domestic shipbuilding industry, saying it is the necessary first step for the establishment of strong maritime defense capability.

The Toll Regulatory Board (TRB) has approved the rates for the Interchanges of the Cavite-Laguna Expressway (CALAX) – the Laguna Boulevard Interchange and the Laguna Technopark Interchange in Biñan, both slated to be opened this month.

In the wake of the pandemic-induced free fall in the global passenger market, Cebu Air Inc. (CEB)  suffered a net loss P9.141 billion for the first half of 2020, versus earnings of P7.145 billion in the same period last year, the company reported.

Recovery of the Philippine real estate sector is expected to be slow but growth could occur within 18 to 24 months driven by new segments, particularly logistics, according to a property management and consultancy services firm.