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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

Mega Millions Jackpot Winner of $1.13 Billio

A lucky individual in Monmouth County, New Jersey struck gold this week by winning the $1 billion Mega Millions jackpot. The winning ticket was sold.....»»

Category: newsSource:  thedailyguardianRelated NewsMar 27th, 2024

Sharon Cuneta gives updates on ‘Mega’ mansion planned to withstand intensity 10 earthquake 

“Megastar” Sharon Cuneta shared updates on her “Mega” mansion and “forever home” that she declared in an Instagram post in 2021 had been master-planned to withstand even an intensity 9 or 10 earthquake. .....»»

Category: entertainmentSource:  philstarRelated NewsMar 25th, 2024

Jeux africains 2024 : le Ghana a-t-il vraiment intert accueillir le mega-evenement sportif ?

Jeux africains 2024 : le Ghana a-t-il vraiment intert accueillir le mega-evenement sportif ?.....»»

Category: newsSource:  philippinetimesRelated NewsMar 10th, 2024

Clark also being eyed as mega food complex

The Department of Trade and Industry and the Department of Agriculture have partnered with Clark International Airport to collaborate in the development of a mega food hub in Clark City......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

Parañaque to hold mega job fair

The city government of Parañaque will hold a mega job fair on Feb. 15 as part of the celebration of its 26th cityhood anniversary......»»

Category: newsSource:  philstarRelated NewsFeb 11th, 2024

P200B mega project will soon rise in SRP if …

  CEBU CITY, Philippines – A “mega infrastructure project” worth over P200 billion is set to transform the landscape of the South Road Properties (SRP) in Cebu City. This is if a project of a private corporation that it proposed to the city government will be approved. READ: ‘Rotonda’ soon to be constructed along SRP.....»»

Category: newsSource:  inquirerRelated NewsJan 18th, 2024

[Vantage Point] BDO lifts NAIA rehab

Transportation Secretary Jaime Bautista says BDO chairperson Teresita Tan Sy-Coson's generous guarantee has given his department comfort that the winning bidder will not lack the needed wherewithal to pursue the project.....»»

Category: newsSource:  rapplerRelated NewsFeb 17th, 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

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

The best is yet to come

With the situation turning from bad to worse at the Ninoy Aquino International Airport (NAIA), it’s not surprising that there is growing anticipation for the takeover by the San Miguel Corp. (SMC) group of NAIA’s rehabilitation and operation......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

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......»»

Category: newsSource:  abanteRelated NewsMar 31st, 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

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 […].....»»

Category: newsSource:  inquirerRelated NewsMar 11th, 2024

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......»»

Category: newsSource:  philstarRelated NewsFeb 23rd, 2024