Motorists heading to Ninoy Aquino International Airport (NAIA) Terminal 3 from the Skyway can now save about 15 to 25 minutes following the opening of a new off-ramp linking the NAIA Expressway directly to the terminal. President Ferdinand Marcos, Jr. (PBBM) on Thursday led the opening of the...
Infra and utilities conglomerate Metro Pacific Investments Corp. (MPIC) intends to continue investing in infrastructure despite uncertainties and challenges posed by the war in the Middle East, laying the groundwork for more growth after sustaining record performance last year. “The global...
SMC Tollways Corp., the infrastructure arm of San Miguel Corp., reduced its interest-bearing debt through the end of 2024 as rising vehicle traffic across its network of expressways boosted cash flow and fortified its balance sheet. The company’s interest-bearing debt fell 6.1 percent to ₱52.3...
Pangilinan-led Metro Pacific Investments Corp. (MPIC) sustained its strong growth momentum in the first nine months of 2025, with consolidated core net income rising 14 percent to ₱23.6 billion from ₱20.8 billion for the same period last year. The firm said improved financial and operational...
Hong Kong — Metro Pacific Investments Corp. (MPIC) has revived plans to secure strategic investors for its tollways business in a bid to ease its significant debt burden. Chaye Cabal-Revilla, MPIC chief finance, risk, and sustainability officer, said the conglomerate is seeking to sell a 20...
Tollway operator Metro Pacific Tollways Corp. (MPTC) is raising as much as ₱20 billion from its maiden issuance of bonds to provide additional funding for the ongoing construction of several major projects. MPTC, a subsidiary of Pangilinan-led Metro Pacific Investments Corp. (MPIC), said it...
President Marcos has encouraged motorists, who regularly use multiple toll expressways, to register to the new unified radio frequency identification (RFID) system. Marcos led the launch of the Toll Collection System Interoperability Project, dubbed "One RFID, All Tollways" on Tuesday, Oct. 21. ...
MVP-led company, MPT Mobility, earned the Bronze award for Best User Experience at the recently concluded Loyalty Engagement Awards 2025 in Singapore. The honor highlights the remarkable success of MPT DriveHub — an innovative travel companion app designed to revolutionize the daily commute on...
Metro Pacific Tollways Corp. (MPTC), a unit of Manuel V. Pangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC), is planning to use proceeds from its ₱20-billion bond offering to fund three tollway projects and refinance existing obligations. "This bond issuance aims to bolster...
Metro Pacific Tollways Corp. (MPTC) plans to raise up to ₱20 billion through a planned bond issuance, while continuing to explore options to reduce debt, as market conditions are still not favorable for an initial public offering. Philippine Rating Services Corp. (PhilRatings) said MPTC is...
Pangilinan-led Metro Pacific Investments Corp. (MPIC), the Philippines’ leading infrastructure investments company, has appointed former Philippine Airlines President Gilbert Gabriel F. Santa Maria as the new President and CEO of Metro Pacific Tollways Corp. (MPTC), effective Sept. 1, 2025. Santa...
The Bases Conversion and Development Authority (BCDA) said it has yet to receive an updated offer from Metro Pacific Tollways Corp. (MPTC) for its proposed acquisition of the government’s 50-percent stake in Subic-Clark-Tarlac Expressway (SCTEX). BCDA President and Chief Executive Officer (CEO)...
