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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

SPPC submits best offer for Meralco supply requirements

The Manila Electric Co. has secured the best bid from San Miguel’s South Premiere Power Corp. for its 1,200-megawatt (MW) supply requirement......»»

Category: financeSource:  philstarRelated NewsJan 24th, 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

EDITORIAL — ‘Very rotten’

A process has long been in place for the approval of the national budget. Malacañang, through the Department of Budget and Management, submits its proposed national expenditure program to Congress, and both chambers deliberate on the NEP to come up with their respective versions of the budget bill......»»

Category: newsSource:  philstarRelated NewsFeb 19th, 2024

Bumina-ang submits Chinese foe in ONE Thailand card

Filipino mixed martial artist Carlo Bumina-ang had a dominant start to the year in ONE Championship, submitting Chinese opponent Xie Zhipeng in ONE Friday Fights 50 at the Lumpinee Boxing Stadium in Bangkok, Thailand......»»

Category: sportsSource:  philstarRelated NewsFeb 3rd, 2024

Marcos OKs military’s P2-trillion wish list for weapons, equipment

MANILA, Philippines — President Ferdinand Marcos Jr. has approved the military’s revised wish list for new weaponry and equipment to shore up the country’s defenses against threats, in the face of a rapidly evolving regional security landscape. The updated acquisition plan called “Re-Horizon 3” will focus on “an array of capabilities which will range from.....»»

Category: newsSource:  inquirerRelated NewsJan 29th, 2024

NAIA project eyed to jumpstart P40 billion Maharlika investments

The Maharlika Investment Corp. is setting its sights on the recently awarded Ninoy Aquino International Airport rehabilitation as one of about 10 projects where it intends to invest the MIC’s P40-billion funding this year......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 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

BDO: No plan to buy stake in NAIA rehab

The country’s largest bank is confirmed to be one of the lenders that will fund the P170.6-billion rehabilitation of the Ninoy Aquino International Airport (NAIA), but rejected any and all offers to be an investor in the project......»»

Category: financeSource:  philstarRelated NewsApr 28th, 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

Rama promises to transform Cebu City into a ‘Super City’ by 2031

CEBU CITY, Philippines – Mayor Michael Rama has made another promise to the Cebuanos, and that is to transform Cebu City into a ‘Super City’ by 2031. At the same time, Rama also made a commitment to transform all of the 80 barangays into “city-like barangays” by then. Rama’s ‘Super City’ vision was the highlight.....»»

Category: newsSource:  inquirerRelated NewsFeb 24th, 2024

NFL Successfully Overcomes Practice Field Issue before Super Bowl at The Daily Guardian

San Francisco 49ers Express Concerns Over Practice Fields Ahead of Super Bowl 58 In the countdown to Super Bowl 58, the San Francisco 49ers have.....»»

Category: newsSource:  inquirerRelated NewsFeb 6th, 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

Negros Oriental’s most wanted falls at NAIA

Negros Oriental’s most wanted falls at NAIA.....»»

Category: newsSource:  sunstarRelated NewsFeb 9th, 2024