Articles worth reading

Bagong Pilipinas Serbisyo Fair held in Sultan Kudarat

account_balanceMetro Manila access_time5 days ago

The success of the Bagong Pilipinas Serbisyo Fair (BPSF) in Sultan Kudarat was a result of the collaboration between the executive and legislative branches in bringing government service closer to the Filipino people. Nearly 150,000 residents receiv...

Gov't allocates P106 billion for 4Ps 

account_balanceMetro Manila access_time5 days ago

More than 4.4 million members of the Pantawid Pamilyang Pilipino Program (4Ps) will benefit from the P106.335-billion allocation for the program for 2024, the Department of Budget and Management (DBM) said in a report by Philippine News Agency. In a...

Gov’t hikes health facilities budget

account_balanceMetro Manila access_time5 days ago

There is an increase in this year’s budget for the improvement of the health facilities in the country, the Department of Budget and Management (DBM) said in a report by Philippine News Agency. In a statement, the DBM said around PHP28.58 bill...

Metro News

Metro Pacific in merger talks with SMC on expressway business

account_balanceMetro News account_circleJake Cruz chat_bubble_outline0 Comments

Metro Pacific Tollways Corp. (MPTC) cancelled its initial public offering (IPO) plan this year as it pursues negotiations with San Miguel Corp. on merging their expressway units.

MPTC president and CEO Rogelio Singson said the planned IPO in the third quarter would be delayed until 2025 because of the possible merger with San Miguel's toll road business.

"As far as MPTC is concerned, we're ready to do an IPO after the delisting of MPIC.  We were supposed to do it first, but because of this merger, it would be somewhat delayed," Singson said.

Advertisement

Metro Pacific is eyeing to form a joint venture company with San Miguel for their expressway business.

Singson said the IPO might happen by 2025, but the company would first engage a third-party assessor.

MPTC and SMC signed in August 2023 a P72-billion deal to construct two expressways south of Metro Manila.

Under the memorandum of agreement, MPTC and SMC will jointly undertake the construction, operation and maintenance of the 87.96-kilometer Cavite-Batangas Expressway and Nasugbu-Bauan Expressway.

Advertisement

date_rangeDate Published
3 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

NEDA underscores need to update Constitution 

account_balanceMetro Manila chrome_reader_mode5 days ago

National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Monday underscored the importance of updating the economic provisions in the Constitution to attract more foreign direct investments (FDI) and help achieve the Philippi...

PH, Australia agree on joint maritime activities

account_balanceMetro Manila chrome_reader_mode2 days ago

President Ferdinand R. Marcos Jr. is looking forward to amplifying the joint maritime activity between the Philippines and Australia under the scope of the enhanced strategic partnership between the two countries. President Marcos acknowledged the t...

Hot money yields outflows in January 

account_balanceMetro Manila chrome_reader_mode3 days ago

Foreign portfolio investments or hot money registered with the Bangko Sentral ng Pilipinas (BSP) through authorized banks recorded net outflows of USD76 million in January this year, according to a report by Philippine News Agency. Data release...

'Sirena' a gift to Gloc-9's gay son

account_balanceMetro Manila chrome_reader_mode6 days ago

Filipino rap icon Gloc-9 has revealed that his 2012 smash hit "Sirena" is a gift to his son. Gloc-9 told ABS-CBN News that when he wrote "Sirena," he was not yet aware of the sexuality of his son, Sean Daniel. But years ago, Sea...

×
Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature