A train departs from Naga to Legazpi City at dawn, passing through vast fields of palay and picturesque landscapes in the Bicol region.
The Philippine National Railways (PNR) aims to revive its services, not just for passengers, but for cargo, with a proposed P5-billion plan to transport goods, particularly benefiting local farmers.
This initiative could drastically reduce freight costs, offering a lifeline to Bicol’s agricultural sector, where logistics expenses heavily impact farmers’ profits.
The PNR hopes to secure funding and begin cargo operations by 2025, marking a potential turning point for regional development.
As the PNR waits for approval, farmers are hopeful for a future where their produce can reach markets more efficiently and affordably.
Source : PhilNews24 | August 21, 2024
Latest from Business
The Anti-Money Laundering Council (AMLC) secured the conviction of three individuals in separate money laundering cases
The World Bank warned that weak and fragmented data systems could slow the Philippines’ push for
Australian health care provider Kairos Care or Kairos Medical Group is exploring IT-BPO operations in the
More than 60% of licensed Philippine online gaming firms are struggling to meet Pagcor’s minimum revenue
The Philippines and Iceland signed an initial air services agreement allowing up to seven flights per