MacroAsia Corporation reported a 61 percent increase in net income for the first nine months of the year, rising to P1.2 billion from P746 million during the same period last year, driven by higher revenues across its various business segments. Consolidated revenues were higher by 28 percent to...
To address the government's growing debt, Finance Secretary Ralph G. Recto suggested the possibility of selling the land currently housing the Ninoy Aquino International Airport (NAIA) in Parañaque City. Recto estimated that leveraging the 600-hectare NAIA property, equivalent to six million...
The national government is expected to earn around P900 billion from the privatization of the Ninoy Aquino International Airport (NAIA), the Department of Transportation (DOTr) said on Sunday, Feb. 18. In a statement, the DOTr said the government’s Public-Private Partnership (PPP) with the...
Department of Transportation Secretary (DOTr) Secretary Jaime Bautista is optimistic that the improvement and modernization of the Ninoy Aquino International Airport (NAIA) under the management of a private sector will spur economic growth as it would open opportunities for investments. The...
A Publicus Asia survey conducted in June showed that most Filipinos are least concerned about the privatization of the Ninoy Aquino International Airport (NAIA). The Pahayag 2023 Second Quarter Survey analyzed Filipinos’ sentiment on key issues affecting governance and socioeconomic landscape by...
Senator Francis “Chiz” Escudero on Monday, June 5 said he supports the Department of Transportation’s (DOTr) bid for the government to take in a private sector partner that would maintain and operate the Ninoy Aquino International Airport (NAIA). But the government should make sure that the...
Privatization of the Ninoy Aquino International Airport (NAIA) and other airports in the country would not be a “silver bullet” that can solve the deteriorating conditions of these facilities, Senator Risa Hontiveros said on Sunday, May 7. The government, Hontiveros said, should instead...
The assets of the Ninoy Aquino International Airport (NAIA) remains with the government even if the private sector manages its operations, should plans to privatize the country's main gateway push through. Department of Transportation (DORr) Secretary Jaime J. Bautista issued the statement today,...
The planned privatization of the Ninoy Aquino International Airport (NAIA) would only be on the operation and maintenance and not its assets, Department of Transportation (DoTR) Secretary Jaime Bautista clarified on Tuesday, Jan. 24. Bautista issued the clarification amid the perceived conflicting...
The government’s plan to privatize the country’s primary international gateway and aviation hub, the Ninoy Aquino International Airport (NAIA), received support from Go Negosyo founder Joey Concepcion, who cited its potential to grow the Philippine travel economy. Go Negosyo meets with the...
The Department of Transportation (DOTr) is fast tracking the privatization of the Ninoy Aquino International Airport (NAIA) with the completion of the terms of references (TOR) of its contract, Transportation Secretary Jaime Bautista announced Friday, Jan. 13. “We will work to fast-track the...
Department of Transportation (DOTr) Secretary Jaime Bautista on Thursday, January 12, disclosed that the administration of President Ferdinand “Bongbong” Marcos Jr. has plans to privatize the operations of the Ninoy Aquino International Airport (NAIA). Bautista made the disclosure during the...
