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 announced Monday that the LRT-2 will extend its operating hours from December 9 to 30 to accommodate late-night commuters during the holiday rush, following President Ferdinand Marcos Jr.’s directive to keep rail lines open longer this Christmas season.
The Securities and Exchange Commission (SEC) is proposing a new tiered system for minimum public ownership (MPO) requirements for companies planning to go public.