Manila Electric Co., the country’s largest power distribution utility, has gained a foothold in Africa as part of a consortium that bagged crucial deals to take over two electricity-distribution firms privatized by the Federal Republic of Nigeria.
Beginning March 1, the baggage porter services at the Ninoy Aquino International Airport (Naia) will be privatized, the government operator of the country’s premier gateway said Thursday.
Diversifying conglomerate San Miguel is taking its property unit San Miguel Properties Philippines Inc. (SMPI) back to private hands.
While Bank of the Philippine Islands has entered an advanced stage of negotiations to acquire a controlling stake in Philippine National Bank, the prospective banking deal of the decade seems to have encountered a major stumbling block—getting the imprimatur of taipan Lucio Tan.
The world’s largest aviation industry group has urged the government to reconsider plans to privatize the Philippines’ major airports, citing disaster stories in other countries.
Despite three failed attempts, state-run Power Sector Assets and Liabilities Management Corp. (PSALM) remained keen on selling the four diesel-fired power barges it inherited from National Power Corp.
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is set to bid out the management of the contracted capacities of the 640-megawatt Unified Leyte geothermal facilities and the 150-MW Casecnan hydropower plant as the government moves to complete the privatization of its power assets within the next several years.
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) will push through with the bidding of four diesel-fired power barges on May 16, marking the resumption of the government’s privatization activities.
A group of independent power producers is urging the government to pursue the sale of the state’s remaining power generation assets, saying that privatization will foster a conducive business environment that will encourage companies to invest in the energy sector.
A vital factor in enhancing the economic development of our country is a modern railway system for Luzon. The Philippine National Railways is in its death throes and resources applied towards its resurrection is tantamount to investing in a sink hole.
The government has announced plans to develop the San Fernando Airport in La Union’s Poro Point special economic zone into a world-class international gateway for millions of Filipinos living in Northern Luzon.
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is seeking offers to operate and maintain the 146-megawatt Naga power complex in Cebu while it awaits the decision of the Joint Congressional Power Commission (JCPC) on whether or not the contracted capacity of the asset will be privatized.
