DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/638151/philippines_freigh) has announced the addition of the "Philippines Freight Transport Report Q3 2011" report to their offering.
Business Monitor International's Philippines Freight Transport Report provides industry professionals and strategists, corporate analysts, freight transportation associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Philippines's freight transportation industry.
We are predicting a good year for the Philippines freight transport industry. The general economic environment for the sector will be supportive, with growth led by investment and private consumption, despite some negative effects from the crisis in the Middle East (such as higher oil prices) and the earthquake in Japan, an important trade and investment partner for the Philippines. The new government of Benigno Aquino is continuing to do well in the opinion polls, and its attempts to reduce corruption and promote private sector investment will be good for ports and shipping.
As far as factors more specific to the industry are concerned, the strong performance of intra-Asian trade is a positive, although total trade growth is now looking a little more subdued. A key issue will be the progress of plans to attract new investment, some in the form of public-private partnerships (PPPs) in road, port, and rail infrastructure: the key here is the extent to which private sector operators begin to invest in new projects.
Headline Industry Data
- The real value of the Philippines's total trade will rise by 4.0% in 2011, with exports totalling US$82.61bn, ahead of imports of US$76.07bn%.
- In terms of gross tonnage, the Port of Cebu will experience growth of 8.7%, to 26.512mn tonnes, while Manila International Container Terminal (MICT) will see lower growth, to 18.699mn tonnes.
- Airfreight tonnage is set to reach 593,793 tonnes in 2011.
Companies Mentioned:
- MCC Transport
- International Container Terminal Services Inc (ICTSI)
For more information visit http://www.researchandmarkets.com/research/638151/philippines_freigh