NAIA Consortium Granted Original Proponent Status

The Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) have granted to the “NAIA Consortium”—composed of Aboitiz Equity Ventures (PSE: AEV) subsidiary Aboitiz InfraCapital Inc., Ayala Corp. (PSE: AC) subsidiary AC Infrastructure Holdings Corp., Alliance Global Group Inc. (PSE: AGI), Asia’s Emerging Dragon Corp., Filinvest Development Corp. (PSE: FDC), JG Summit Holdings […]
Continue reading…

 

Passengers, Airlines to Lose PhP15B Annually Due to Flight Delays in PH

By Madelaine Miraflor, Manila Bulletin San Miguel Holdings Corp. said the combined passenger productivity losses and annual losses for airlines could rise to as much as PhP15 billion a year from 2020 if the government will fail to approve new airport projects. San Miguel is proposing to build the Bulacan International Airport, which the Department […]
Continue reading…

 

Consortium Formed to Rehabilitate, Maintain and Operate NAIA

Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc. (PSE: AGI), Asia’s Emerging Dragon Corp., Filinvest Development Corp. (PSE: FDC), JG Summit Holdings Inc. (PSE: JGS), and Metro Pacific Investments Corp. (PSE: MPI) have all agreed to form a consortium to rehabilitate, operate, and maintain the Ninoy Aquino International Airport (NAIA) through an […]
Continue reading…

 

Meralco Reports PhP4.4 Unaudited Consolidated Core Net Income for 1Q

Manila–(PHStocks)–Manila Electric Co. (Meralco, PSE: MER) has announced that its unaudited consolidated core net income for the three months ended 31 March 2015 amounted to PhP4.4 billion, 3% higher compared with the same period last year. Consolidated reported net income, which excludes one-time, exceptional charges, for the period also stood at PhP4.4 billion, reflecting a 10% growth over 2014. Core […]
Continue reading…

 

JG Summit Ready to Join San Miguel for Airport Project

Gokongwei-led JG Summit Holdings Inc. (PSE: JGS), owner of dominant budget airline Cebu Air Inc. (PSE: CEB), is open to partnering with San Miguel Corp. (PSE: SMC) should the government approve the latter’s proposed $10-billion international airport in Manila Bay, company president Lance Gokongwei said. The planned airport, which was recently presented to President Aquino but still requires […]
Continue reading…

 

Roxaco, Vanguard Hotels Two-year Program Targets 1,000 Hotel Rooms

Manila—(PHStocks)—Roxaco Land Corp., the property arm of Roxas and Co. Inc. (PSE: RCI), and Vanguard Hotels are looking at delivering at least 1,000 hotel rooms in two years in their joint venture to build affordable hotels in Metro Manila. The venture, called Roxaco-Vanguard Hotel Corporation (RVHC), started work on its initial hotel, Go Hotel, Manila Airport Road, […]
Continue reading…

 

SMC Unit Won NAIA Expressway Phase II Project

The financial bid of up-front lump sum payment of PhP11 billion to the government has won for the San Miguel Holdings Corporation-owned (PSE: SMC) owned Optimal Infrastructure Development Inc. the right to finance, design, construct, operate and maintain the PhP15.52 billion Public-Private Partnership Ninoy Aquino International Airport (NAIA) Expressway Phase II Project with a 30-year […]
Continue reading…

 

Solar Power to Light Philippine Roads

Whenever I go home for a short vacation, one of the really disappointing things that I continue to notice in the Philippines is the darkness in roads—and some are even in major roads. Here’s one example. So our home is in Molino, Bacoor, Cavite. The fastest route to get there from the Ninoy Aquino International […]
Continue reading…