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Truck ban costs franchise firms P3B in losses

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AP FILE PHOTO

Franchising companies reportedly suffered losses of at least P3 billion in the past few months due to the expanded truck ban policy and the congestion at the Port of Manila, making it more difficult for members of the Association of Filipino Franchisers Inc. (Affi) to achieve its growth targets for 2014.

Posted: September 18th, 2014 in Editor's Pick,Headlines | Read More »

Lifting of truck ban to ease inflation, say economic managers

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philippine-truck-ban-0224

The lifting of the truck ban in the city of Manila over the weekend is expected to help ease inflation pressures ahead of the upcoming holiday season, economic managers said Monday.

Posted: September 15th, 2014 in Latest Business Stories | Read More »

Truck ban continues to hit firms

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INQUIRER FILE PHOTO

Local companies continued to reel from a double whammy of double-digit losses in revenues and equally crippling surges in import- and export-related expenses, given the continued truck congestion and container pile-up at the Port of Manila.

Posted: July 24th, 2014 in Headlines | Read More »

Low-cost housing firm sets Tondo condo project

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Mass housing developer 8990 Holdings Inc. has invested P1.61 billion to acquire an 8.47-hectare landbank in Tondo, Manila, on which it intends to build a low-cost, mid-rise residential condominium community with an integrated retail hub.

Posted: June 26th, 2014 in Headlines | Read More »

Truck ban not our doing, says Customs

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Customs Commissioner John Phillip Sevilla: Not our responsibility. INQUIRER FILE PHOTO

Don’t count on us to solve the problem. Commissioner John Phillip Sevilla told traders, truckers, shippers and other stakeholders that the Bureau of Customs could not do anything about the Manila city government’s expanded truck ban over which it “does not have control.”

Posted: June 11th, 2014 in Latest Business Stories | Read More »

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