Manila Port Congestion Eases as Container Clearing Begins, Exporters Welcome Move
Philippine exporters anticipate smoother cargo movement following the government's commitment to clear 1,000 aging containers at Manila's ports. The operation, expected to finish within two weeks, aims to alleviate congestion before the holiday shipping season.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Peso, stocks gain on US midterm election outcome
The Philippine peso strengthened against the dollar, and stocks rose on Thursday, following the perceived Democratic advantage in the US midterm elections. Optimism over a potential de-escalation in the Middle East also boosted market sentiment.
- Maharlika Investment Corp. Eyes Up to P4 Billion in New Investments
The Philippines' Maharlika Investment Corp. (MIC), manager of the nation's sovereign wealth fund, plans to invest up to P4 billion in the coming months to expand its portfolio across key economic sectors, according to President and CEO Rafael Jose Consing Jr.
- Ayala Land Earnings Drop 18% Amid Property Sector Weakness
Ayala Land Inc. (ALI), a leading Philippine developer, reported an 18% year-on-year decline in net income to P17.5 billion for the first nine months of the year. The drop was attributed to a weaker property development segment, with total revenues also falling by 10%.
- Metrobank's 9-Month Net Income Dips to P36 Billion Amid Market Fluctuations
Metropolitan Bank & Trust Co. (Metrobank) reported a 2.6% year-on-year decline in net income to P36.33 billion for the first nine months of 2026. The decrease was attributed to lower trading gains and increased provisions and operating costs, reflecting economic uncertainties impacting the financial sector.