Metro Pacific income up 25% to P28B in 2019

Credit to Author: Tyrone Jasper C. Piad| Date: Wed, 26 Feb 2020 17:03:43 +0000

Pacific Investments Corp.’s (MPIC) consolidated net earnings last year rose 25.42 percent to P27.82 billion from P22.18 billion in 2018 on the back of robust power, toll road and hospital operations. In a statement on Wednesday, the Pangilinan-led conglomerate said that the “improved financial and operating results of the constituent companies delivered 7-percent increase in […]

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DOTr mulls expanded role for Japanese group repairing MRT 3

Credit to Author: dmorcoso| Date: Wed, 01 May 2019 21:19:48 +0000

MANILA, Philippines — The Department of Transportation (DOTr) said it was eyeing the possibility of Japan-based firm Sumitomo staying onboard as the Metro Rail Transit (MRT) 3’s maintenance service provider beyond the 43-month-long rehabilitation program for  the train line. Transport Undersecretary for Railways Timothy John Batan told reporters the DOTr was still studying whether Sumitomo […]

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