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......»»
NAIA takes flight with SMC’s modernization
The very first thing tourists see when they land in the country is the airport. This is why a much-anticipated development of the Ninoy Aquino International Airport now set to undergo privatization and modernization, heralds a promising era poised to propel further economic growth and elevate the Philippines as a premier destination for tourism and investment......»»
SMC to manage NAIA
Today, the administration of President Ferdinand R. Marcos Jr. will award the management for 15 years of the decrepit main Philippine gateway, the Ninoy Aquino International Airport, to the winner of the bidding conducted last December by the Department of Transportation and Communications under Secretary Jaime Bautista......»»
SMC’s killer bid for NAIA
His rivals in the airport bidding race should have known that tycoon Ramon S. Ang or RSA would go in for the kill. He isn’t afraid to make big bets, especially when it makes sense for San Miguel Corp., the diversified conglomerate that he leads......»»
Donald Trumps $3.5bn windfall at stake in Spac deal showdow
The Financial Times, known for its in-depth coverage of global business, economics, and politics, is now offering a special subscription deal for its print edition......»»
DOF mulls mining tax tweaks for royalties, windfall profits
The Department of Finance is pushing for higher rates and fewer tiers in taxing the extractive sector, but the mining industry argued that the proposed structure would make the sector more uncompetitive......»»
BI bars entry of three American sex offenders at NAIA and Cebu airports
Bureau of Immigration (BI) Commissioner Norman Tansingco said that three sex offenders were turned away by BI officers in the international airports of Manila and Cebu. Excluded last January 10 at the Ninoy Aquino International Airport (NAIA) terminal 1 was American national Rolando Camama, 73, who arrived on board a China Airlines flight from Taipei. […].....»»
NAIA, Palawan sapol ng `danger’ level sa init
Ayon sa Pagasa, ang temperatura na aabot sa 42 hanggang 51 degrees Celsius ay nasa ilalim ng kategoryang “danger” ng mga heat index. The post NAIA, Palawan sapol ng `danger’ level sa init first appeared on Abante......»»
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......»»
BI nabs fake Interpol agent at NAIA
A female trafficking victim pretending to be an Interpol agent was nabbed by Bureau of Immigration (BI) officers at the departure area of the NAIA Terminal 3. In his report to BI chief Norman Tansingco, immigration protection and border enforcement section (I-PROBES) Bienvenido Castillo III said the 34-year-old victim was intercepted while departing last March […].....»»
Grounded C-130 plane stalls flights at NAIA
Some flights at the Ninoy Aquino International Airport were delayed yesterday after a C-130 plane of the Philippine Air Force was stalled at the NAIA’s Taxiway Charlie 6......»»
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......»»
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......»»
Negros Oriental’s most wanted falls at NAIA
Negros Oriental’s most wanted falls at NAIA.....»»
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......»»
UnionBank profit down 28 percent to P9.2 billion in 2023
The earnings of Union Bank of the Philippines dropped by 27.8 percent to P9.2 billion in 2023 from P12.74 billion in 2022, as the listed bank booked higher provisioning and integration costs from the takeover of the retail banking business of global banking giant Citi in the Philippines......»»
Haiti: Urgent Action Needed amid Growing Lawlessness
(Washington, DC) - Haiti is on the brink of a total collapse or takeover of the state as violent criminal groups seeking to overthrow the government have attacked police officers and state institutions, including prisons, Human Rights Watch said today. The groups' actions have brought economic activity, the delivery of life-saving humanitarian assistance, and nearly.....»»
10th ID bashes Canadian gov’t for travel advisory vs Mindanao
The 10th Infantry Agila Division (10ID) of the Philippine Army criticized the Canadian government for issuing a travel advisory against all parts of Mindanao, which includes their area of responsibility. Major Mark Anthony Tito, spokesperson for the 10th ID, emphasized that the regions under their jurisdiction are peaceful and free from terrorism and violent threats, contrary to the Canadian embassy's advisory. The division oversees 12 provinces, seven cities, and 72 municipalities in various parts of Mindanao. Tito expressed bewilderment at the basis of the travel advisory, asserting that the Canadian government lacks awareness of the actual situation on the ground. He highlighted the peaceful nature of the entire Davao Region throughout 2023, with no recorded incidents of terrorism or insurgency. Despite the exclusion of Davao City from the advisory, Tito noted that the region would still be impacted. The Canadian embassy's advisory warned its citizens to avoid visiting Mindanao due to ongoing terrorism, civil unrest, kidnapping, high levels of violence, and encounters between rebel forces and government security authorities. Specific provinces and regions were singled out for caution or non-essential travel, including Northern Mindanao, Soccsksargen, and Eastern Mindanao. Contrary to the advisory, the 10th ID has been actively weakening and eliminating guerilla forces within its jurisdiction as part of the Philippine Army's efforts to establish an insurgency-free zone. In fact, on October 27, 2023, the Davao Region celebrated its first anniversary as an insurgency-free region in the Philippines. This dispute has led to other related stories, including the Chamber's intention to engage in discussions with the Canadian government regarding the travel advisory, as well as refutations from the Mindanao Development Authority (MinDA) and celebrations of the Davao Region's insurgency-free status by the Regional Peace and Order Council. In summary, the 10th ID vehemently opposes the Canadian government's travel advisory, citing the peaceful and secure nature of the regions under their jurisdiction, and highlighting the significant strides made in eradicating insurgency in the Davao Region......»»
UnionBank income plummets in Q1
Union Bank of the Philippines booked a net income of P2 billion in the first quarter, down by 41.2 percent from the same period a year ago, as the bank continued to allocate resources toward its takeover of the retail banking business of global banking giant Citi in the Philippines......»»
Aboitiz Equity Ventures closed transaction to acquire 40% interest in Coca-Cola PH
The takeover of Coca-Cola Beverages Philippines Inc. by Aboitiz Equity Ventures and Coca-Cola Europacific Partners has closed upon completion of “all conditions precedent” to the transaction......»»
‘Hostile takeover 101’
Never come between a sabungero and his chickens or there will be hell to pay!.....»»