THE US TRADE and Development Agency (USTDA) said it is funding a feasibility study on the proposed Sangley Point International Airport in Cavite, citing the needTHE US TRADE and Development Agency (USTDA) said it is funding a feasibility study on the proposed Sangley Point International Airport in Cavite, citing the need

USTDA grants funding for Sangley airport study

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

THE US TRADE and Development Agency (USTDA) said it is funding a feasibility study on the proposed Sangley Point International Airport in Cavite, citing the need to improve transport connectivity in the Philippine capital.

The USTDA awarded the study contract to Cavitex Holdings, Inc. (Cavitex), which selected California-based The S-A-P Group, LLC (SAP) to carry out the study, the USTDA said in a statement on Tuesday.

SAP will provide  technical expertise, including air traffic forecasts, financial analyses, and recommendations for advanced security screening, it said.

The study will also promote the adoption of US screening technology, airport construction components, safety and security equipment, telecommunications networks, and consulting services.

Once operational, the airport is expected to ease congestion in Metro Manila’s airports and improve mobility across key areas in Luzon.

In 2025, the current main gateway, Ninoy Aquino International Airport served approximately 52 million travelers.

“This project is one of many shared priorities with the Philippine government to achieve our collective goal of a free and open Indo-Pacific,” USTDA Deputy Director Thomas R. Hardy was quoted as saying.

Cavitex President and Chief Executive Officer Leonides J.M. Virata said the USTDA’s technical assistance will help advance the planning and implementation of the Sangley airport project.

The SPIA initiative will also generate jobs and long-term economic activity while improving mobility in nearby areas, he added.

The USTDA added that the project aligns with the goals of the Luzon Economic Corridor (LEC), a multi-country partnership that aims to boost connectivity among Luzon’s key economic hubs such as Metro Manila, Batangas, Subic Bay, and Clark.

Participating countries of the LEC include the Philippines, US, Japan, Australia, Denmark, France, Italy, South Korea, Sweden, and the UK. — Beatriz Marie D. Cruz

Market Opportunity
Polytrade Logo
Polytrade Price(TRADE)
$0.03621
$0.03621$0.03621
-1.57%
USD
Polytrade (TRADE) Live Price Chart

World Cup Combo: Aim for 200x

World Cup Combo: Aim for 200xWorld Cup Combo: Aim for 200x

Combine up to 20 World Cup matches in one order

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

UK sets final crypto rules as firms face 2027 FCA authorization deadline

UK sets final crypto rules as firms face 2027 FCA authorization deadline

The UK’s financial regulator has published its crypto regulatory framework, setting the authorization deadline for cryptocurrency firms for February 2027.The UK
Share
Coinstats2026/06/30 07:01
CME Group to launch Solana and XRP futures options in October

CME Group to launch Solana and XRP futures options in October

The post CME Group to launch Solana and XRP futures options in October appeared on BitcoinEthereumNews.com. CME Group is preparing to launch options on SOL and XRP futures next month, giving traders new ways to manage exposure to the two assets.  The contracts are set to go live on October 13, pending regulatory approval, and will come in both standard and micro sizes with expiries offered daily, monthly and quarterly. The new listings mark a major step for CME, which first brought bitcoin futures to market in 2017 and added ether contracts in 2021. Solana and XRP futures have quickly gained traction since their debut earlier this year. CME says more than 540,000 Solana contracts (worth about $22.3 billion), and 370,000 XRP contracts (worth $16.2 billion), have already been traded. Both products hit record trading activity and open interest in August. Market makers including Cumberland and FalconX plan to support the new contracts, arguing that institutional investors want hedging tools beyond bitcoin and ether. CME’s move also highlights the growing demand for regulated ways to access a broader set of digital assets. The launch, which still needs the green light from regulators, follows the end of XRP’s years-long legal fight with the US Securities and Exchange Commission. A federal court ruling in 2023 found that institutional sales of XRP violated securities laws, but programmatic exchange sales did not. The case officially closed in August 2025 after Ripple agreed to pay a $125 million fine, removing one of the biggest uncertainties hanging over the token. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/cme-group-solana-xrp-futures
Share
BitcoinEthereumNews2025/09/17 23:55
Tax changes have rich parents trying to claw back fortunes from kids

Tax changes have rich parents trying to claw back fortunes from kids

The post Tax changes have rich parents trying to claw back fortunes from kids appeared on BitcoinEthereumNews.com. Thomas Barwick | Digitalvision | Getty Images
Share
BitcoinEthereumNews2026/04/02 20:01