THE Department of Transportation (DoTr) said it signed an agreement with the Bases Conversion and Development Authority (BCDA) to enhance services for Industrial, Manufacturing, Transport (IMT) users of Clark International Airport. “This will foster market access and opportunities in Central Luzon. But more than anything, there will be new economic activities,” Transportation Acting Secretary Giovanni […]THE Department of Transportation (DoTr) said it signed an agreement with the Bases Conversion and Development Authority (BCDA) to enhance services for Industrial, Manufacturing, Transport (IMT) users of Clark International Airport. “This will foster market access and opportunities in Central Luzon. But more than anything, there will be new economic activities,” Transportation Acting Secretary Giovanni […]

Transport dep’t to set up services at Clark airport targeting manufacturers

2025/12/04 21:24

THE Department of Transportation (DoTr) said it signed an agreement with the Bases Conversion and Development Authority (BCDA) to enhance services for Industrial, Manufacturing, Transport (IMT) users of Clark International Airport.

“This will foster market access and opportunities in Central Luzon. But more than anything, there will be new economic activities,” Transportation Acting Secretary Giovanni Z. Lopez said in a statement on Thursday.

The Department of Transportation (DoTr) said the agreement will advance the air transport and logistics services industry.

Mr. Lopez said the agreement is critical for Central Luzon’s aviation and aerospace industries.

“President Ferdinand R. Marcos, Jr. directed the DoTr and BCDA to explore ways to foster market access opportunities and facilitate efficient passenger movement at Clark,” the DoTr said.

“This will bring in more manufacturing activity and more transport enterprises linked to Clark International Airport. It also means a bigger economic contribution from Clark. Our role at BCDA is to make sure the right infrastructure is in place so the airport can expand, and logistics and transport firms can operate here with ease,” BCDA President and Chief Executive Officer Joshua M. Bingcang said.

The agreement was signed by the BCDA, the DoTr and Clark International Airport operator LIPAD Corp.

The partners will explore the feasibility of implementing incentive programs to attract and establish IMT businesses and related services. — Ashley Erika O. Jose

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The Federal Reserve cut interest rates by 25 basis points, and Powell said this was a risk management cut

The Federal Reserve cut interest rates by 25 basis points, and Powell said this was a risk management cut

PANews reported on September 18th, according to the Securities Times, that at 2:00 AM Beijing time on September 18th, the Federal Reserve announced a 25 basis point interest rate cut, lowering the federal funds rate from 4.25%-4.50% to 4.00%-4.25%, in line with market expectations. The Fed's interest rate announcement triggered a sharp market reaction, with the three major US stock indices rising briefly before quickly plunging. The US dollar index plummeted, briefly hitting a new low since 2025, before rebounding sharply, turning a decline into an upward trend. The sharp market volatility was closely tied to the subsequent monetary policy press conference held by Federal Reserve Chairman Powell. He stated that the 50 basis point rate cut lacked broad support and that there was no need for a swift adjustment. Today's move could be viewed as a risk-management cut, suggesting the Fed will not enter a sustained cycle of rate cuts. Powell reiterated the Fed's unwavering commitment to maintaining its independence. Market participants are currently unaware of the risks to the Fed's independence. The latest published interest rate dot plot shows that the median expectation of Fed officials is to cut interest rates twice more this year (by 25 basis points each), one more than predicted in June this year. At the same time, Fed officials expect that after three rate cuts this year, there will be another 25 basis point cut in 2026 and 2027.
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PANews2025/09/18 06:54