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 […]
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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 […]
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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, […]
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Alliance Global Posts PhP4.91B Profit in 1Q 2013

Manila—(PHStocks)—The Andrew Tan-led Alliance Global Group Inc. (PSE: AGI) reported strong results for the first three months of 2013, with its net profit growing to PhP4.91 billion, up 18 percent from PhP4.15 billion a year ago. Consolidated revenues also grew to PhP30.39 billion in the first three months of 2013, a 25 percent increase from PhP24.38 […]
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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 […]
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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 […]
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