By Miguel R. Camus
The Philippines has scheduled a series of air rights negotiations with South Africa, Malaysia and Hong Kong over the next two months while lining up discussions with three other jurisdictions, including Australia, as part of efforts to boost tourism and trade, a government official said on Monday.
Shares in Malaysia Airlines tumbled almost 18 percent on Friday after one of its passenger jets crashed in violence-wracked Ukraine, just months after the carrier was hit by the loss of a plane over the Indian Ocean.
Malaysian companies were able to book some $50.6 million (roughly P2.2 billion) in sales in a single day during a trade and investment mission to the Philippines held last May, signaling a potential boost in bilateral trade between the two countries.
Malaysian food and consumer product distributors Intisari Mulia International Inc (IMI) and Ascona International are set to expand their businesses in the Philippines due to strong local demand for their goods.
By Doris C. Dumlao
Harbor Star Shipping Services Inc., a major provider of harbor assistance, lighterage, salvage and towing services in the country, is expanding overseas beginning with a bid to serve two ports in Johor, Malaysia.