Philippines Road Freight Market is expected to cross Php 200 Bn by 2024: Ken Research 62% drop in China Import Volumes from Feb 1 to 16th 2020 in comparison to 2019 and $ 300 Mn loss in Export Revenue to China, Thailand, and other countries due to COVID-19 will push the Road freight revenues to have negative growth rate in future. DPWH and DOTr have been allocated PhP 458.6 bn and… Read More »
Philippines Logistics and Warehousing Future Outlook: Ken Research How Is the Philippines Logistics and Warehousing Market Positioned? Overview: Philippine is an Import oriented country that comprises of 7000 Islands and is dominated by sea freight due to archipelago geography. The operations of the whole country are highly cantered in Luzon Island with major congestion at Manila Ports, working with almost 90% capacity in comparison… Read More »
Rise in Government Infrastructure, Growing Cold Transportation, and Increasing Tech Penetration is Facilitating Growth in Road Freight Industry in Philippines: Ken Research Increased Government Spending: The government has targeted to increase infrastructure spending to more than 5% of the country’s GDP to reduce congestion and improving road infrastructure in the metropolis. Various efforts include Bonifacio Global City-Ortigas Business Centre link road, Strong Republic Nautical Highway, the introduction of a paperless system at Port of Manila, Public-Private Partnerships deals funded by Big Companies such as… Read More »
