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MNTC offers retail bonds to raise funds for NLEX project

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North Luzon Expressway. INQUIRER FILE PHOTO

North Luzon Expressway Manila North Tollways Corp. debuted on the local bond market on Wednesday with a retail bond offering of up to P7 billion, making history as the first unlisted local company to tap the local bond market.

Posted: March 19th, 2014 in Latest Business Stories | Read More »

MVP group plans to jack up stake in NLEx operator to 75%

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North Luzon Expressway. INQUIRER FILE PHOTO

The group of businessman Manuel V. Pangilinan is set to further increase its stake in the operator of the 90-kilometer North Luzon Expressway as it undertakes a massive two-year expansion of the major tollroad serving Metro Manila, a top official said.

Posted: March 6th, 2014 in Latest Business Stories | Read More »

NLEx operator sees 14% revenue growth

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North Luzon Expressway. INQUIRER FILE PHOTO

Metro Pacific Tollways Corp., which operates North Luzon Expressway (NLEx), said its revenue could increase by as much as 14 percent this year from the addition of new tollroads, a company official said.

Posted: February 26th, 2014 in Latest Business Stories | Read More »

MVP group seen opposing ‘Swiss challenge’ on SCTEx

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The group of businessman Manuel V. Pangilinan may oppose the government’s plan to subject its latest counter-proposal for the Subic-Clark-Tarlac Expressway (SCTEx) to a Swiss or competitive challenge, which could delay its takeover further.

Posted: February 20th, 2014 in Headlines | Read More »

Gov’t asked to approve connector tollroad plan

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North Luzon Expressway operator Metro Pacific Tollways Corp. wants to start a major elevated connector tollroad for Metro Manila by the third quarter of the year to meet a commitment to finish the project before President Aquino steps down in 2016, a company official said.   The deal, which requires the final approval from the [...]

Posted: January 12th, 2014 in Editor's Pick,Headlines | Read More »

MPTC gives up permit to offer securities

Metro Pacific Tollways Corp., the tollroad unit of the Metro Pacific group, has given up its registration and permit to offer securities to the public following a capital restructuring and delisting from the Philippine Stock Exchange.   The Securities and Exchange Commission has approved MPTC’s petition for the voluntary revocation of its permit to sell [...]

Posted: January 12th, 2014 in Headlines | Read More »

MPIC reaches agreement on ‘connector road’ project

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Metro Pacific Tollways Corp., the toll-road arm of Metro Pacific Investments Corp., has concluded successful negotiations with state-run Philippine National Construction Corp. on a massive elevated toll road linking the southern and northern parts of Metro Manila, a top executive said.

Posted: December 5th, 2013 in Headlines | Read More »

Connector road still ‘doable’ by ’16

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Metro Pacific Tollways Corp., the toll-road arm of Metro Pacific Investments Corp., submitted its formal proposal detailing the implementation structure for a P23-billion “connector-road” aimed at linking the company’s North Luzon Expressway (NLEx) to the South Luzon Expressway (SLEx).

Posted: November 22nd, 2013 in Latest Business Stories | Read More »

MPTC sweetens pot for gov’t in SCTEx contract

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METRO Pacific Tollways Corp. (MPTC) has revised its proposed concession contract for the Subic Clark Tarlac Expressway (SCTEx), removing a provision that would have ensured the government’s ability to pay obligations even if commercial targets are missed.

Posted: March 1st, 2013 in Headlines | Read More »

PSE to remove FMIC, Metro Pacific Tollways under voluntary de-listing scheme

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The Philippine Stock Exchange is set to remove First Metro Investments Corp. and Metro Pacific Tollways Corp. from its roster by Friday, Dec. 21, in line with the voluntary delisting petition filed by the two companies.

Posted: December 17th, 2012 in Latest Business Stories | Read More »

MPIC offers to buy minority owners’ shares

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metro-pacific

Infrastructure holding firm Metro Pacific Investments Corp. is making a tender offer to minority shareholders of tollway unit Metro Pacific Tollways Corp. ahead of its planned stock market delisting. This developed as Eton Properties Philippines Inc., the real estate unit of tycoon Lucio Tan, announced on Tuesday that it was also planning to delist from the Philippine Stock Exchange, saying it could not comply with the 10-percent minimum public float required for continued listing on the bourse.

Posted: October 24th, 2012 in Latest Business Stories | Read More »

MPIC to delist subsidiary Metro Pacific Tollways from PSE

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Infrastructure holding firm Metro Pacific Investments Corp. has decided to delist its tollroad subsidiary Metro Pacific Tollways Corp. from the Philippine Stock Exchange instead of shoring up the latter’s public ownership to the minimum requirement of 10 percent.

Posted: October 15th, 2012 in Latest Business Stories | Read More »

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