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Bagong Pilipinas Serbisyo Fair held in Sultan Kudarat

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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 

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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

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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...

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Metro Pacific in merger talks with SMC on expressway business

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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.


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.


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