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
BDO Unibank Inc. has removed transaction fees for fund transfers made through InstaPay and PESONet, allowing
Philippine Airlines raised USD 300 million through its first international bond offering to support network expansion
The Philippine Statistics Authority reported that Philippine factory output growth slowed to 10.2 percent in May
The Department of Information and Communications Technology (DICT) has allocated P197.21 million to provide free internet
GCash lowered its InstaPay transfer fee from PHP15 to PHP10 effective July 4. The new rate