Transport & Logistics
MPTC first-quarter net income down 3% despite higher revenue
Metro Pacific Tollways Corp. (MPTC) reported a 3 percent drop in net income for the first quarter of 2026, totaling ₱2.25 billion from ₱2.32 billion a year earlier, due to rising costs and expenses.
MPTC ramps up road safety drive vis BiyaHero caravan
Metro Pacific Tollways Corp. (MPTC) stepped up its road safety campaign by bringing government agencies, transport groups, local government units, and private sector partners together for the Mission Road Safety BiyaHero Caravan, an initiative aimed at promoting responsible driving among public transport operators.
JICA completes technical assistance for LRT-1, unveils energy-saving roadmap
The Japan International Cooperation Agency (JICA) has concluded its technical assistance program for the Light Rail Manila Corporation (LRMC), focused on advancing energy conservation along Light Rail Transit Line 1 (LRT-1).
P48B NAIA land deal clears path forward
The government has taken a major step toward securing the future of the country’s busiest air gateway, with the Manila International Airport Authority (MIAA) agreeing to acquire the 61-hectare property occupied by Ninoy Aquino International Airport (NAIA) Terminal 3 from the Bases Conversion and Development Authority (BCDA) in a P48-billion transaction.
MPIC, SMC tollway merger set for Q3 2026; valuation, asset scope clarified
The planned merger between Metro Pacific Investments Corp. (MPIC) and San Miguel Corp. (SMC)’s tollway business is moving forward and targeted for completion in the third quarter of 2026, according to MPIC chairman Manuel V. Pangilinan. The deal is currently in the valuation phase, with discussions expected to settle on an ownership split ranging from 45 percent to 55 percent in favor of SMC. Pangilinan confirmed that MPIC’s toll operations in Indonesia will not be included in the valuation.
