MVP keen on investing in CCLEX ramps, Metro Cebu expressway

BUSINESS tycoon Manny Pangilinan is considering investing billions of pesos in two major infrastructure projects in Cebu, including the construction of additional ramps for the Cebu-Cordova Link Expressway (CCLEX).Aside from the additional CCLEX ramps, Pangilinan is also planning to pursue a possible public-private partnership (PPP) for the ongoing Metro Cebu Expressway project that will run […]

Lawmaker seeks investigation of ‘no-contact’ policy

A CONGRESSMAN has filed a resolution seeking to investigate the government’s use of video surveillance and digital cameras to catch traffic violators in five Metro Manila cities. Quezon City Rep. Marvin C. Rillo, who filed House Resolution 237, on Tuesday said the government’s so-called no-contact apprehension policy might be abused by law enforcers. “Our sense […]

Metro Retail nets P218.9M in first half, remains hopeful of retail recovery

METRO Retail Stores Group Inc. (MRSGI) sustains its strong 2022 performance amid supply chain disruptions and elevated commodity prices induced by the ongoing threats of the Russia-Ukraine conflict and Covid-19 pandemic.MRSGI capped its second quarter of 2022 with a net income of P185.6 million, which is reflective of the significant upward trend in the company’s […]

MPTC unit expects up to 10% rise in CAVITEX vehicle count by Nov.

AN INCREASE in average daily vehicle volume of up to 10% is expected on the Manila-Cavite Expressway (CAVITEX) when physical classes resume in November, according to Cavitex Infrastructure Corp. (CIC), a unit of Metro Pacific Tollways Corp. (MPTC). “With more vehicles expected to ply the 14-kilometer CAVITEX going to different schools and universities in Metro […]

Sunland plans Red Hotel in Cebu

SUNLAND Development Corp. (SDC) is constructing a 200-room Red Hotel in Cebu as it banks on the city’s economic expansion. “[Cebu’s] impressive economic growth has been carried by the rapid expansion of businesses in different industries which led SDC to its decision,” the company said in a press release on Wednesday. The company said that […]

RDC 7 proposes increase in cost of BRT, container port projects

THE Regional Development Council in Central Visayas (RDC 7) has recommended increasing the costs of two already approved big-ticket infrastructure projects in Metro Cebu.National Economic Development Authority (Neda) Central Visayas director and RDC vice chairperson Efren Carreon said these projects are the Cebu Bus Rapid Transit (BRT) and New Cebu International Container Port (NCICP).Currently, the […]

Metro Retail Stores trims losses to P318M 

METRO Retail Stores Group, Inc. reduced its net loss to P318.1 million last year, or an improvement of 29.2% from the earlier year’s P449.60-million loss, as sales grew with the eased pandemic restrictions.  “Notwithstanding the disruptions caused by the typhoon, Metro Retail Stores’ stores in the Visayas demonstrated resilience as their sales generally improved in […]

Metro Pacific Tollways invests in mobility app for customers

METRO Pacific Tollways Corp. (MPTC) officially introduced on Thursday its MPT DriveHub, a smartphone application that houses the company’s mobility solutions for customers. The application, which will be available on March 1, allows motorists to manage their trips through its three key features: RFID or radio-frequency identification transactions, trip planning, and roadside assistance. This means […]

MC Awarded Integrated Railway Systems and Trackwork Contract for Metro Manila Subway Project in the Philippines

TOKYO, Feb 14, 2022 – (JCN Newswire via – Mitsubishi Corporation (MC) is pleased to announce that it has been awarded from the Philippines’ Department of Transportation (DOTr) to deliver the integrated railway systems and trackwork for the Metro Manila Subway. The awarded contract is worth approximately 140 billion yen and slated for completion […]

Hitachi Rail Awarded Contract to Operate and Maintain Princess Noura Bint Abdul Rahman University Autonomous System in Riyadh, Saudi Arabia

Riyadh, Saudi Arabia, Jan 20, 2022 – (JCN Newswire via – Hitachi Rail announced today that it has signed a 72.5 million EUR contract with Princess Noura Bint Abdul Rahman University to operate and maintain the autonomous metro system in Riyadh, Saudi Arabia for the next three years. Autonomous metro system in Riyadh, Saudi […]

MC and Kinki Sharyo Sign Contract with Egyptian Government for Rolling Stock Deliveries for Phase 1 of Cairo Metro Line 4

TOKYO, Nov 9, 2021 – (JCN Newswire via – Mitsubishi Corporation (MC) and The Kinki Sharyo Co., Ltd. (Kinki Sharyo) are pleased to announce that we have signed a contract with National Authority for Tunnels (NAT) to deliver 184 cars of rolling stock for Phase 1 of Cairo Metro Line 4(New CP 412). The […]

Peso rises vs dollar on eased restrictions, findings on Pfizer’s COVID-19 treatment

THE PESO continued to strengthen versus the greenback on Monday on developments of a treatment for the coronavirus disease 2019 (COVID-19) and the relaxation of mobility restrictions in Metro Manila. The local unit ended trading at P50.16 per dollar on Monday, appreciating by 17 centavos from its P50.33 close on Friday, data from the Bankers […]