Ramon Ang-led New NAIA Infrastructure Corporation (NNIC) braces itself for the expected influx of passengers at the Ninoy Aquino International Airport (NAIA) for the All Souls’ Day break. In a statement on Monday, Oct. 28, NNIC said it joined forces with industry stakeholders such as the Manila...
Senator Grace Poe said on Thursday, Oct. 24, that the malfunction of the baggage handling system which plagued hundreds of passengers at the Ninoy Aquino International Airport (NAIA) Terminal 3 must be resolved in the airport's ongoing rehabilitation. "The technical issue must be resolved with the...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion). In a statement, MPIC said it has entered into a definitive agreement to sell its stake...
Passengers at Ninoy Aquino International Airport (NAIA) are set to experience a faster Internet connection as its new operator upgraded wifi connectivity as part of its efforts to enhance services. In a statement, New NAIA Infrastructure Corporation (NNIC) said it partnered with telecommunications...
Despite a slight reduction in the government's infrastructure budget for 2025, the Marcos administration is banking on increased investments in Public-Private Partnership (PPP) projects to bridge the gap. In a statement, Budget Secretary Amenah F. Pangandaman confirmed that the proposed 2025 budget...
The Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and Export Import Bank of Korea (KEXIM) vowed to support the Laguna Lakeshore Road Network (LLRN) project. The ADB has committed $1.2 billion as the initial tranche of funding, while the AIIB is contributing $188...
With about three-fourths of loan proceeds reaching billions of pesos still unspent just months before they expire, the Philippines wants to extend for two more years the financing for a delayed major flood control project in Metro Manila, the country's business and commercial hub that's also the...
By ANGELICA BALLESTEROS Following higher fees for airlines and car owners at the Ninoy Aquino International Airport (NAIA), overstaying cars at curbsides will also expect to pay charges as early as this year. This was confirmed by New NAIA Infrastructure Corporation (NNIC) General Manager Lito...
Both the airlines and its passengers may bear the brunt of higher fees for the use of properties and facilities of the Ninoy Aquino International Airport (NAIA), Transportation Secretary Jaime Bautista said on Wednesday, Oct. 2. On the sidelines of the 2024 Aviation Forum, Bautista said that should...
Nearly three-fourths of the loan for a flood control project in Metro Manila that the World Bank extended to the Philippines seven years ago remained unspent even as this financing is scheduled to end before yearend. A Sept. 30 implementation status and results report seen by Manila Bulletin...
Despite the "heavy lifting" that the Bangko Sentral ng Pilipinas (BSP) is undertaking by slashing interest rates to support economic growth, lingering structural challenges in the economy like the lack of infrastructure and prevalent corruption continue to dampen near-term Philippine prospects,...
MB file photo Last night, a memorandum from San Miguel Corporation's New NAIA management was being circulated by concerned motorists. In that memo, New NAIA Infra Corp. (NNIC) outlined the new parking fees across all terminals. The memo detailed the new parking rates that are now P50 for the...
