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NAIA rehab: Consortium led by San Miguel, Incheon Airport outbids everyone

If San Miguel's consortium wins, that would mean the massive conglomerate gains control of both the Ninoy Aquino International Airport and the Bulacan International Airport.....»»

Category: newsSource:  rapplerRelated NewsFeb 8th, 2024

San Miguel consortium wins P171-B NAIA operations, rehab project

The Department of Transportation announced on Friday that the San Miguel Consortium had been awarded the P170.6-billion contract to operate, maintain and rehabilitate NAIA......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

Customs revives declaration forms for arriving international passengers at NAIA

THE filled out Customs declaration forms for arriving international passengers at the NAIA Terminals is being revived by the Bureau of Customs (BOC) at the Ninoy Aquino International Airport (NAIA) and is now under pilot testing. BOC-NAIA district collector Atty Yasmin Mapa said that international passengers arriving in the country are now obliged to submit […].....»»

Category: newsSource:  journalRelated NewsFeb 13th, 2024

Losing NAIA bidders concede, vow to support airport upgrade

The losing bidders for the 15-year contract to rehabilitate the Ninoy Aquino International Airport have committed to support the modernization of the airport, which the Marcos administration awarded to a consortium led by diversified conglomerate San Miguel Corp. Transportation Secretary Jaime Bautista told The STAR over the weekend......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles

The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

BDO readies SMC financial war chest for NAIA

The country’s largest bank is preparing the financing package that will fund the P122.3-billion rehabilitation of the Ninoy Aquino International Airport (NAIA), with San Miguel Corp. (SMC) just weeks away from signing the concession for the project on March 18......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

NAIA sale to pay debts

Amid the excitement over the successful privatization of NAIA’s rehab and operation, Finance Secretary Ralph Recto mused about the future of NAIA beyond the 15-year San Miguel concession period......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

K9 security ops in Cotabato Airport intensified

Policemen guarding the Cotabato Airport have been visibly using, for a week now, explosives and narcotics detection dogs in guarding the facility following the seizure of big volumes of shabu from traffickers in this city and in towns around in recent weeks......»»

Category: newsSource:  philstarRelated NewsFeb 9th, 2024

RSA allays last-minute NAIA review

On Thursday, Feb. 15, Transportation Secretary Jaime Bautista was worried and feeling sick, even feverish, according to sources, from the growing speculation and intrigue regarding the awarding of the estimated P170.6-billion solicited proposal to rehabilitate the Ninoy Aquino International Airport (NAIA), fearful that his long dream of finally accomplishing the privatization and much need rehabilitation of NAIA may once more be derailed......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

Contract awarded to rehabilitate Philippines main airport

MANILA, Feb. 17 (Xinhua) -- The Philippine government has awarded a contract to a private consortium led by San Miguel Corp.(SMC) to upgrade the country's main international gateway, the Ninoy Aquino International Airport (NAIA). In a statement released on Friday night, National Economic and Development Authority Secretary Arsenio Balisacan lauded the efforts of the Department of Transportation in spearheading t.....»»

Category: sportsSource:  abscbnRelated NewsFeb 18th, 2024

Contract awarded to rehabilitate Philippines main airport

MANILA, Feb. 17 (Xinhua) -- The Philippine government has awarded a contract to a private consortium led by San Miguel Corp.(SMC) to upgrade the country's main international gateway, the Ninoy Aquino International Airport (NAIA). In a statement released on Friday night, National Economic and Development Authority Secretary Arsenio Balisacan lauded the efforts of the Department of Transportation in spearheading t.....»»

Category: newsSource:  inquirerRelated NewsFeb 17th, 2024

NEWS BRIEFS | Misamis Oriental Updates, 31 January 2024

P12.75 billion ok’d for Laguindingan airport expansion The National Economic Development Authority (NEDA) said it approved the expansion of Laguindingan Airport in Misamis Oriental, which has become the most overcrowded airport in the region. NEDA Secretary Arsenio Balisacan approved the “parameters, terms, and conditions of the upgrade of the airport,” Mindanao’s second busiest airport. The […].....»»

Category: newsSource:  mindanewsRelated NewsFeb 4th, 2024

Tough task ahead

Finance Secretary Ralph Recto has welcomed the Manila International Airport Authority board’s move to award to the San Miguel Corp-SAC and Co. consortium the contract for the rehabilitation of the Ninoy Aquino International Airport, the largest solicited public-private partnership project under the administration of President Marcos......»»

Category: financeSource:  philstarRelated NewsFeb 17th, 2024

First Bulacan, now NAIA: San Miguel-led group will operate Philippines’ main airport

(1st UPDATE) Ramon Ang first reached for the skies in 2020 when he snapped up the franchise for an international airport in Bulacan. Now, San Miguel and its partners have bagged an even bigger prize in NAIA......»»

Category: newsSource:  rapplerRelated NewsFeb 16th, 2024

MIAA to remove gang chairs at NAIA-3 arrival lobby

The Manila International Airport Authority is scheduled to remove all the gang chairs at the arrival lobby of the Ninoy Aquino International Airport Terminal 3 (NAIA-3) after Holy Week, MIAA general manager Eric Ines said yesterday......»»

Category: newsSource:  philstarRelated NewsMar 22nd, 2024

A glance at government s windfall from SMC’s NAIA takeover

The winning bid of the San Miguel Corp.-led consortium for the Ninoy Aquino International Airport translates to a government revenue share of P911.1 billion over a 25-year period, significantly higher than the other bidders’ revenue share offer of between P342.1 billion and P416.9 billion over the same period......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2024

One-stop-shop for quarry, sand, gravel ops permit opens at Ayala mall

One-stop-shop for quarry, sand, gravel ops permit opens at Ayala mall.....»»

Category: sportsSource:  abscbnRelated NewsFeb 2nd, 2024

Defining moment

On Friday, the Philippine government announced that it has chosen the consortium that includes San Miguel Holdings Corp. to rehabilitate, operate, optimize and maintain the country’s premier gateway and inarguably one of the world’s worst – the Ninoy Aquino International Airport (NAIA)......»»

Category: financeSource:  philstarRelated NewsFeb 16th, 2024

Police ops net 15 wanted persons in Caraga

Police ops net 15 wanted persons in Caraga.....»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

Pagadian airport to be closed for rehab

Pagadian airport in Zamboanga del Sur will be closed for one month to pave the way for repair of the runway......»»

Category: newsSource:  philstarRelated NewsMar 24th, 2024