Airport express hotel soon rises at NAIA Terminal 2
San Miguel Corporation's New NAIA Infrastructure Corporation (NNIC) is building an express hotel next to the Ninoy Aquino International Airport (NAIA) Terminal 2's north wing as part of the expansion of Mania’s main gateway, according to the Department of Transportation (DOTr).
Toll adjustments, traffic recovery push 1Q NLEX profits 28% higher to P2.7 billion
NLEX Corp. reported net income growing 28 percent in the first quarter this year, driven higher by traffic recovery and increase in toll rates.
Foreign exchange adjustments halved San Miguel 1Q net income
San Miguel Corp., a listed diversified conglomerate, reported a 50 percent drop in first-quarter net profit to P8.89 billion due to foreign exchange adjustment.
Ayala Group sells remaining stake in Manila Water to Razon’s Trident Water for P14.5 billion
Nearly three decades after aggressively going after the East concession offered during the privatization of Metropolitan Waterworks and Sewerage System in 1997, Ayala Corp. has decided to divest itself of Manila Water Co. Inc., the listed water utility it built in an area that covered its major real estate development and eventually extend its foot print beyond the Philippines.
Unconsolidated PUJ drivers, operators free to avail of livelihood programs
The Department of Transportation (DOTr) said public utility vehicle (PUV) operators and drivers who fail to meet the 30 April deadline for consolidation are welcome to avail of government livelihood programs.
