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MEGAWIDE Construction Corp.’s net income plunged 50% in the first quarter amid a drop in construction contract revenues.
THE Philippine Ports Authority (PPA) said it remitted a total of P9.41 billion in dividends and taxes to the national government in 2018, a record remittance fueled by strong revenue growth during the year.
DOUBLEDRAGON Properties Corp. subsidiary CityMall Commercial Centers, Inc. has agreed to lease its mall rooftops to common tower provider ALT Global Solutions, Inc. which proposes to build a network of cellular wireless towers.
THE CIVIL Aeronautics Board (CAB) will not penalize Cebu Pacific for its spate of flight cancellations in two weeks from end-April to early May, but is requiring the budget carrier to submit a concrete plan of action to prevent recurrence of the problem.
TWENTY NEW lanes are set to be added at the toll plazas of the Subic-Clark-Tarlac Expressway (SCTEX), operator NLEX Corp. announced on Wednesday.
THE Metro Pacific group said it remains interested in investing in the Metro Rail Transit Line 3 (MRT-3), after the government said earlier this month that it wants the private sector to come in for the operations and maintenance (O&M) of the train line.
THE Ecuador subsidiary of International Container Terminal Services, Inc. (ICTSI) handled its first container vessel of 10,000-twenty foot equivalent unit (TEU) capacity at the Port of Guayaquil, ICTSI said
THE extension of the North Luzon Expressway (NLEx) to Bataan, also called Phase 3 of the north toll road project, is seen to move forward this year with the planned submission of a proposal to the Toll Regulatory Board (TRB).
TELECOMMUNICATIONS firm Eastern Communications said it is investing P850 million this year to expand its network coverage.
METRO PACIFIC Tollways Corp. (MPTC) remains on the lookout for opportunities to expand its presence in the Southeast Asian countries where it currently has tollroad investments, as the company continues its plans to create a pan-ASEAN tollway network.
AFTER a challenging 2018, local airlines are showing signs of recovery, with both Philippine Airlines (PAL) and Cebu Pacific recorded a growth in passenger volume during the first three months of 2019.
THE DEPARTMENT of Transportation (DoTr) hopes to submit the proposal of the so-called “super consortium” to rehabilitate the Ninoy Aquino International Airport (NAIA) to the National Economic and Development Authority (NEDA) by next week.
THE cost of construction in Manila remains relatively inexpensive, according to a global index of construction costs by consultancy firm Arcadis.
THE extension of the Light Rail Transit Line 1 (LRT-1) to Cavite is seen to benefit passengers by as soon as the fourth quarter of 2021, as construction began on the project on Tuesday — nearly five years after it was awarded to the Light Rail Manila Corp. (LRMC).
THE Department of Transportation (DoTr) said it hopes to receive a report by late this week detailing the findings of an investigation into Cebu Pacific, amid ongoing hearings by the Civil Aeronautics Board (CAB) on the carrier’s recent spate of flight cancellations.
THE Department of Information and Communications Technology (DICT) signed a deal with the local subsidiary of Singapore-based HyalRoute Group last week to roll out a fiber optic cable network in the country.
BUSINESSMAN Salvador B. Zamora II, who chairs listed Philippine Telegraph and Telephone Corp. (PT&T), signed a memorandum of understanding (MoU) with Chinese firm CITIC Networks Co. Ltd. to offer WiFi internet access, digital television and satellite network services in the Philippines.
THE Department of Transportation (DoTr) said it will continue to seek a private company to take over the operations and maintenance (O&M) of the Metro Rail Transit Line 3 (MRT-3), once the new Japanese contractors finish the rehabilitation of the railway system in two years.
THE CIVIL Aeronautics Board (CAB) is asking Cebu Pacific operator Cebu Air, Inc. to submit additional requirements as the regulator on Thursday conducted its first formal hearing on the carrier’s recent wave of flight cancellations.
PRIME Metroline Infrastructure Holdings, Inc. (Prime Infra) of tycoon Enrique K. Razon, Jr. is expecting the government’s green light for its plan to develop the Wawa Dam in Rizal.
THE PHILIPPINE UNIT of the AirAsia Group Berhad, Philippines AirAsia, Inc., swung to a net operating loss of P2.11 billion in 2018 from a profit of P710 million in 2017 as it was hit by the rise in price of jet fuel and the weakening of the Philippine peso against the US dollar last year.
THE GOVERNMENT expects a boost in speed and number of train sets running for the Metro Rail Transit Line 3 (MRT-3) as it officially turned over the rehabilitation and maintenance of the train line to its original designers in a ceremony Tuesday night.
THE Department of Transportation (DoTr) said it is now reviewing the new draft agreement submitted by the super consortium seeking to rehabilitate the Ninoy Aquino International Airport (NAIA) Monday.
ASIAN Terminals, Inc. (ATI) inaugurated a new berth at the Batangas Container Terminal (BCT) Monday, which is eyed to increase its annual capacity and eventually help decongest ports in Manila.