Transport & Communications
Recto view on selling SCTEX to pension funds changes everything
The Metro Pacific Tollways Corp. on Monday bared support for the proposed acquisition of the government's stake at the Subic Clark-Tarlac Expressway (SCTEX) by the state-owned pension funds.
Vehicular traffic expansion pushes 1Q SMC SLEX Corp. income 21% higher to P1.6 billion
San Miguel Corp.'s tollway unit on Monday reported net income rising 21 percent in the first quarter this year, driven higher by a rise in vehicle traffic.
DOTr close to rounding the EDSA Busway as PPP project
Government planners evaluating the operations and maintenance of the EDSA Busway project as a public-private partnership (PPP) project is approaching completion, according to the PPP Center.
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.
