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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

Naia rehab: SMC-led consortium bags P170-B project

As early as next year, passengers using Ninoy Aquino International Airport (Naia) could expect improved management of the congested international gateway as a consortium led by San Miguel Corp. (SMC) takes over its operations and maintenance, according to the Department of Transportation (DOTr). The DOTr announced on Friday that the solicited bidding for the highly.....»»

Category: newsSource:  inquirerRelated NewsFeb 18th, 2024

P102 million marijuana in balikbayan boxes seized in Manila port

The Bureau of Customs has confiscated five balikbayan boxes containing 82 kilos of marijuana and 1,881 cannabis vape pens valued at P102 million, the BOC repor.....»»

Category: newsSource:  philstarRelated NewsApr 3rd, 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

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

[WATCH] Zubiri changes tune, dances to Cha-Cha

(1st UPDATE) The latest push for charter change gains ground as Senate President Migz Zubiri files the chamber's own proposal to amend the constitution.....»»

Category: newsSource:  rapplerRelated NewsJan 15th, 2024

Maharlika Consortium awarded as microgrid service provider

The Maharlika Consortium has bagged a contract to provide electricity services in eight unserved areas in Cebu, Quezon and Palawan, according to the Department of Energy......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 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

‘Use PPPs for infrastructure, not to raise revenues’

A member of a losing consortium in the privatization of the Ninoy Aquino International Airport has urged government to stop using revenue gains as a bid parameter in awarding public-private partnership projects......»»

Category: financeSource:  philstarRelated NewsMar 1st, 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

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

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

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

Stocks eke out gains, back at 6,900

The stock market eked out gains to move back up to the 6,900 level as investors continued to hunt for bargains......»»

Category: financeSource:  philstarRelated NewsMar 28th, 2024

Oil prices headed for weekly gains as Israel rejects ceasefire offer

(Reuters) – Oil prices rose in early trade on Friday, on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent futures climbed 8 cents, or 0.1%, to $81.71 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude futures rose 17 cents, or.....»»

Category: newsSource:  inquirerRelated NewsFeb 9th, 2024

Philippine stocks rise after Wall Street gains

Philippine stocks rose yesterday, mirroring gains in the US market......»»

Category: financeSource:  philstarRelated NewsJan 22nd, 2024

Gaza war: Fierce fighting between Israel, Hamas continues as efforts for truce gains pace

International efforts towards a new pause in the devastating Gaza war gathered pace Wednesday, as Israel bombarded the Palestinian territory during fierce fighting with Hamas militants. Hamas was reviewing a proposal for a six-week truce in its war with Israel, a source told AFP, after mediators gathered in Paris. While talks take place, the population.....»»

Category: newsSource:  inquirerRelated NewsFeb 1st, 2024

Garcia backs DOE’s oil, gas search proposal in Alegria

Garcia backs DOE’s oil, gas search proposal in Alegria.....»»

Category: newsSource:  sunstarRelated NewsMar 17th, 2024

Osmeña opposes proposal to replace skywalks with underpasses

Osmeña opposes proposal to replace skywalks with underpasses.....»»

Category: newsSource:  sunstarRelated NewsMar 17th, 2024