Metro Pacific Investments Corp. (MPIC) has decided against resubmitting its unsolicited bid to rehabilitate, operate, and maintain the MRT3 system, citing the lack of government support for fare increases. MPIC chairman Manuel V. Pangilinan explained the absence of approved tariffs makes it unlikely for the business to move forward with the proposal, saying the current situation is “difficult.”
The Department of Transportation (DOTr) and the Department of Tourism (DOT) officially broke ground on a new passenger terminal building (PTB) for Siargao Airport, aiming to enhance travel convenience and support the island's growing tourism sector.
Smart Communications Inc., the wireless arm of PLDT Inc., is mounting a bid to reclaim its former lead in the domestic mobile market with the launch of KiQ, a fully app-based mobile brand tailored for Gen Z users.
EastWest Bank has entered a partnership with the Philippine Tour Operators Association (PHILTOA) as the exclusive credit card partner of the 36th Philippine Travel Mart (PTM), further strengthening its role in supporting the country’s tourism and travel sectors.
SM Investments Corp. (SMIC) and its subsidiaries earned top regional recognition from the ASEAN Capital Markets Forum (ACMF), solidifying the conglomerate’s leadership in corporate governance and sustainable business practices.