Tag page - Subway

The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for the builder of the Makati City Subway, the Department of Finance (DOF) announced. In a statement released by the DOF on Monday, Nov. 8, it said that the FIRB took into consideration the projected increase in...

The Philippines and Japan on Tuesday, (July 27) formally signed an additional P116-billion (JPY253 billion) loan package to finance the building of the country’s first underground railway. Foreign Affairs Secretary Teodoro Locsin, Jr. and Japan Ambassador to the Philippines Koshikawa Kazuhiko...

Redco Transit Development Pte Ltd. (Redco) of Singapore has terminated its planned acquisition of shares in Makati City Subway Inc. (MCSI) from Philippine Infradev Holdings Inc. (PIHI) and Hong Kong Binjiang Industrial Limited (HK Binjiang). The Philippine Competition Commission (PCC) on March 9,...

Philippine Infradev Holdings, Inc. announced that its wholly-owned subsidiary Makati City Subway, Inc. has executed a legally binding Term Sheet with Richer Today, Inc. (RTI) for a new joint venture. In a disclosure to the Philippine Stock Exchange, the firm said the Term Sheet provides that MCSI...

The  Department of Transportation (DOTr) and the Department of National Defense (DND) on Friday (December 4, 2020), virtually signed the Right-of-Way Usufruct Agreement (ROW UA) covering five real estate properties of the DND to be expropriated for the first phase of the P355.6-billion Metro...