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Belle to start P5.3 billion tender for PLC shares
Belle Corp., one of the portfolio investments of the Sy family’s SM Investments Corp., will start tomorrow its P5.3 billion tender offer to buy out the minority shareholders of subsidiary Premium Leisure Corp. , which will result in the latter’s delisting from the Philippine Stock Exchange......»»
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......»»
AP partners with energy companies for LNG plant in Batangas
AP partners with energy companies for LNG plant in Batangas.....»»
Capitol mulls putting ‘integrated south bus’ terminal in Talisay instead of at SRP
CEBU CITY, Philippines — Instead of at the South Road Properties (SRP), the new location of a new south bus terminal in Cebu might be in Talisay City. Cebu Gov. Gwendolyn Garcia on Wednesday, Mar. 27, said that they had received an unsolicited proposal of developing a brand new, south bus terminal. READ: Mayor Rama.....»»
NLEX shifts to e-vehicle fleet
NLEX shifts to e-vehicle fleet.....»»
JBIC’s environmental compliance arm to investigate bank’s LNG activity in Verde Island Passage
The Examiner for Environmental Guidelines of the Japan Bank for International Cooperation (JBIC) is set to commence an investigation for potential violations by the bank in relation to its support to the Atlantic Gulf & Pacific Company (AG&P), which built a liquefied natural gas import terminal in the biodiversity hotspot known as the Verde Island […].....»»
Water under the bridge
Last year, Razon-led Prime Infrastructure Capital Inc. and Lopez-owned First Gen Corp. said they were in discussions to develop a gas aggregation framework using the latter’s liquified natural gas (LNG) terminal in Batangas......»»
PNOC seeks redevelopment
State-owned Philippine National Oil Co. intends to redevelop a portion of its property in Taguig City into a mixed-use office and commercial building......»»
New NAIA terminal eyed at Nayon site
A new passenger terminal will rise at the Ninoy Aquino International Airport in three years, as part of the project of the new concessionaire led by San Miguel Corp. to expand the country’s premier gateway to accommodate the growing demand for air travel......»»
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.....»»
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......»»
Premium Leisure Corp to be voluntarily delisted
The PSE suspended trading in Premium Leisure Corp yesterday after PLC’s parent company, Belle Corp., announced that it would conduct a tender offer for all of PLC’s outstanding common shares “for the purpose of eventually causing the filing of an application for the voluntary delisting of PLC.”.....»»
City urged to reconvene terminal accreditation body for PUJ, V-hire
City urged to reconvene terminal accreditation body for PUJ, V-hire.....»»
Megawide confirms route expansion for PITX bus terminal
Megawide confirmed a report that its subsidiary, Parañaque Integrated Terminal Exchange (PITX), is planning to add six bus routes to its 100-route network......»»
BCDA, MIAA still negotiating for NAIA Terminal 3 property
State-run Bases Conversion and Development Authority said it is still negotiating with the Manila International Airport Authority on whether the latter will lease or buy the property where the current NAIA Terminal 3 facilities and runway are located......»»
Alternergy reallocates IPO proceeds to Tanay and Alabat projects
Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»
Who is Atty. Kent Francesco Jongoy, the newly endorsed CBRT project manager?
CEBU CITY, Philippines — Cebu City Mayor Michael Rama has recently endorsed a new project manager for the Cebu Bus Rapid Transit (CBRT) project. Meet incoming CBRT project manager Lawyer Kent Francesco Jongoy, the assistant head of the Cebu City Transportation Office (CCTO), the head of its Public Mass Transportation Division, and its legal officer......»»
Drayber, konduktor sa bus sa Ecoland terminal gipaubos sa drug test
Drayber, konduktor sa bus sa Ecoland terminal gipaubos sa drug test.....»»
Bus, ferry terminal sa CSCR giduso
Bus, ferry terminal sa CSCR giduso.....»»
Capitol’s share from terminal fees increases
Capitol’s share from terminal fees increases.....»»