State revenues from the privatization of real estate and mining assets are expected to slow down sharply in the second half of President Aquino’s term with legal and operational issues keeping the government from unloading larger properties.
By Raul J. Palabrica
After years of government neglect and apathy, Manila North Harbor, the major seaport that links Metro Manila to the Visayas and Mindanao, has taken a new look that the country can be proud of. Early this month, Manila North Harbour Port Inc. (MNHPI), a joint venture of Harbour Center Port Holdings Inc. and San Miguel Corp., inaugurated the North Port Passenger Terminal Complex, a world-class terminal that can accommodate three million passengers a year.
By Amy R. Remo
The South Luzon chambers of commerce have sought a level playing field in the ports business and urged the government to end the multiple and conflicting roles of the Philippine Ports Authority (PPA) as regulator, developer and competitor in maritime trade or port services.
By Miguel R. Camus
The government is considering the privatization of operating airports in Davao, Bacolod and Iloilo in a single package, Transportation Secretary Joseph Emilio Abaya said on Wednesday.
By Doris C. Dumlao
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.