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MPIC invests P2.5B to add lanes to NLEX

Infrastructure giant Metro Pacific Investments Corp. spent around P2.5 billion to add lanes in the North Luzon Expressway, a move it said was aimed at improving traffic flow and reducing road congestion. (5-0)

SyCip passing leaves companies scrambling for board replacement

2017-10-09 philstar
MANILA, Philippines — The death of Washington SyCip, hailed as one of the old guards of the country’s economy, has left a number of companies scrambling to fill up the vacuum in their boards. (9-1)

MPIC unit to sign contract for CALAX construction

2017-10-08 philstar
MANILA, Philippines — Metro Pacific Investments Corp. (MPIC) unit MPCALA Holdings Inc. is set to sign the contract for the construction of the Cavite segment of the Cavite-Laguna Expressway (CALAX) next month.  (5-1)

MPIC acquires majority stake in GenSan hospital

2017-10-05 philstar
MANILA, Philippines — Metro Pacific Investments Corp. (MPIC), the tollways and infrastructure conglomerate led by tycoon Manuel V. Pangilinan, is expanding its hospital portfolio. (5-0)

MPIC takes over GenSan’s St. Elizabeth Hospital

Businessman Manuel V. Pangilinan-led Metro Pacific group has added a 14th hospital in its nationwide healthcare chain with the acquisition of a majority stake in 248-bed hospital St. Elizabeth Hospital in General Santos City. (10-0)

Swiss challenge for MPIC’s expressway proposal seen in early ‘18

The 49-kilometer Cavite-Tagaytay-Batangas Expressway proposed by infrastructure giant Metro Pacific Investments Corp. (MPIC) is moving forward, with a possible competitive challenge seen by early 2018. (5-1)

Build Build Build for our country’s prosperity

2017-10-04 philstar
In establishing inclusive growth in the country, it is vital to foster excellent relations with stakeholders who will work together to create programs to achieve the common goal. Good thing to have a government that is eager to deliver results to its constituents. (20-2)

MVP firm to invest P20B in MRT3

Infrastructure giant Metro Pacific Investments Corp. said it would invest more in the troubled Metro Rail Transit Line 3 after recently bagging a coveted original proponent status. (5-2)

MPIC hikes offer to P20 B to take over MRT-3

2017-10-01 philstar
MANILA, Philippines — Metro Pacific Investments Corp. (MPIC) has increased its proposed amount of investment to rehabilitate as well as take over the operations and maintenance of the Metro Rail Transit Line 3 (MRT-3), from an initial P12 billion to P20 billion. (5-1)

LRT-MRT common station breaks ground

2017-09-29 philstar
MANILA, Philippines - The government broke ground yesterday on a common station which will interconnect lines 1 and 2 of the Light Rail Transit, Metro Rail Transit line 3 and the soon to be built MRT line 7 and the Mega Manila Subway. (35-2)

Preserving the gains

2017-09-26 philstar
About two months’ ago, the three-member arbitral tribunal of the International Chamber of Commerce (ICC) unanimously upheld the validity of Maynilad Water Services’ P3.4-billion claim for compensation from the Philippine government for losses for the period March 11, 2015 to Aug. 31, 2016 incurred due to the delayed implementation of its tariff adjustments, or rate increases which Maynilad should have collected from its customers as guaranteed in its concession agreement with the Manila Waterworks and Sewerage System (MWSS). (10-0)

Meralco taps Singson to lead generation unit

2017-09-25 philstar
MANILA, Philippines — From heading the company that operates the Light Rail Transit Line 1 (LRT-1), former public works secretary Rogelio Singson will soon become part of Manila Electric Co. (Meralco) to lead its power generating subsidiary. (13-0)

Philippines top CEOs: Partner up or part ways

2017-09-23 philstar
Receive the smallest share of foreign investment inflows in the fastest-growing region in the globe. Retain, even, foreign equity limitations. Live with the reality of inadequate physical and digital infrastructure. Bear the difficulties in doing business, and then bear the worst of road traffic jams. And what do you get? The second fastest-growing economy in East Asia. Top 10 in the list of the fastest-growing economies in the world. (19-0)

Is Metro Manila a dying city?

2017-09-20 philstar
Numerous studies by groups such as the American Psychological Association have noted the link between chronic stress and some of the leading causes of death, among them heart disease, lung ailments, cancer and even suicide. (7-0)

3 Metro tollroad groups agree to integrate payment systems

The three tollroad groups that operate over a dozen expressways in Metro Manila and nearby portions of Luzon sealed an agreement Friday that would integrate their current cash and electronic payment systems, as well as those of future roads, within one year.

Unified toll collection accord signed

2017-09-15 philstar
MANILA, Philippines — The groups of Metro Pacific Investments Corp., San Miguel Corp. and Ayala Corp. entered into an agreement with the government yesterday to unify the toll collection systems.

DOTr gives original proponent status to MPIC-Ayala group for MRT-3 rehab

2017-09-15 philstar
MANILA, Philippines — The Department of Transportation (DOTr) has given original proponent status to the group of Metro Pacific Investments Corp. (MPIC) and Ayala Corp. for the rehabilitation as well as operations and maintenance of the Metro Rail Transit Line 3 (MRT-3).

Maynilad rate hike looms

2017-09-14 philstar
MANILA, Philippines —  Consumers of west zone concessionaire Maynilad Water Services Inc.  are expected to see an increase in their billings after the company earned a favorable ruling from a local court.

Court orders Maynilad rate increase

2017-09-14 bworldonline
A QUEZON CITY COURT has granted the petition of Maynilad Water Services, Inc. for enforcement of an arbitral award granting a tariff hike after the Metropolitan Waterworks and Sewerage System (MWSS) refused to implement the same.

DOF, DOTr to decide jointly on MRT-3’s future

The offer of Metro Pacific Investments Corp. to buy out the government’s interest in the Metro Rail Transit Line 3 will depend on the decision of not just one but two departments that will decide jointly on the fate of this key element of Metro Manila’s mass transport system.

DOF, DOTr weigh MPIC offer to take over MRT-3

2017-09-13 philstar
MANILA, Philippines — The Department of Finance (DOF) is in discussions with the Department of Transportation (DOTr) to come up with a decision on the proposal of Metro Pacific Investments Corp. (MPIC) to acquire the government’s stake in the Metro Rail Transit Line 3 (MRT-3).

MPIC improves offer for MRT-3 rehab

2017-08-16 philstar
MANILA, Philippines -  Metro Pacific Investments Corp. (MPIC) has submitted to the Duterte administration a much improved unsolicited proposal to rehabilitate and improve Metro Rail Transit 3 (MRT-3) which includes a two-year moratorium on fare increases.

MPIC claims for overdue toll adjustments bloat to P7.5 B

2017-08-14 philstar
MANILA, Philippines - Metro Pacific Investments Corp.’s claims for overdue toll adjustments  for the North Luzon Expressway (NLEX) and Manila-Cavite Toll Expressway (CAVITEX) have reached P7.5 billion as of June, NLEX Corp. president and chief executive officer Rodrigo Franco told reporters, yesterday.

GT Capital set P50-B 2017 capex

2017-08-13 philstar
MANILA, Philippines -  GT Capital Holdings Inc., the listed conglomerate of tycoon George Ty, is collecting in roughly P50 billion for capital expenditure this year, slightly lower than the P52 billion set aside last year, a ranking official said.

GT Capital core profit up 19%

2017-08-11 philstar
MANILA, Philippines - GT Capital Holdings Inc. of tycoon George Ty reported a core net income of P7.4 billion in the first half of the year, up 19 percent year on year.