Page 8 - Philex Mining News Today

By Senior Reporter THE Cavite provincial government is once again inviting firms to submit joint venture proposals for the Sangley international airport project, less than a month after it canceled an earlier deal with MacroAsia Corp. and China Communications Construction Company (CCCC). In an announcement published on Monday, the Cavite government said the project feasibility study including schedules and updates, instructions to candidate joint venture partners, and the draft joint venture a...

February 2, 2021 | 12:04 am Font Size AAA METRO PACIFIC Investments Corp. (MPIC) and its partner Singapore-listed Keppel Infrastructure Trust (KIT) have completed the acquisition of the Philippine Tank Storage International Holdings, Inc. (PTSI), which owns the largest petroleum products import storage facility in the Philippines, the former announced on Monday. “Further to our disclosure filed on 9 December 2020, on 29 January 2021, MPIC and Keppel Infrastructure Fund Management Pte...

BusinessWorld January 31, 2021 | 6:48 pm Cordova Mangrove Center with bird-watching deck launched THE town of Cordova in Cebu’s Mactan Island now has a mangrove propagation center that also features a view deck for bird watching. The facility was funded by Metro Pacific Investments Foundation, the corporate social responsibility arm of Metro Pacific Investments Corp. (MPIC) and its subsidiary Cebu-Cordova Link Expressway Corporation (CCLEC). “We entrust this Mangrove Propaga...

January 26, 2021 | 8:09 pm Font Size         Photo by Department of Transportation THE Transportation department said Tuesday that it took delivery of the first batch of train cars from Spain and Mexico for use of the Light Rail Transit Line 1 (LRT-1) Cavite extension. “This means that after 19 long years of waiting, the LRT-1 Cavite extension is finally turning into reality,” the department said in a statement. Japan, through the Japan International Cooperation Agency, fun...

January 27, 2021 | 12:04 am Font Size AAA WEST ZONE water provider Maynilad Water Services, Inc. has completed the replacement and realignment of 6.7 kilometers of water pipelines in 2020 to assist ongoing government infrastructure projects. In a statement on Tuesday, the concessionaire said primary and secondary pipelines were reconfigured in portions of Caloocan, Quezon City, Valenzuela, Parañaque, and Las Piñas. The reconfiguration is to give way for ongoing construction works...

MAKATI, Jan. 25 --  The Philippines is committed to forging closer economic and bilateral ties with Indonesia as the two countries are further deepening their collaboration on boosting each other’s copper industry.  The Philippine Board of Investments (BOI) recently (14 January 2021) held an online Copper Industry Dialogue with its Indonesian counterpart, Investment Coordinating Board (BKPM) along with other government agencies and stakeholders on both sides.  The Dialogue was conceptualiz...

January 18, 2021 | 12:04 am Font Size AAA THE Toll Regulatory Board (TRB) said the Cavitex Infrastructure Corp. (CIC) and the Philippine Reclamation Authority (PRA) have both filed a petition “for the approval of add-on agreed toll rate with application for provisional relief” for the Segment 1 (R-1 Expressway) Enhancement of the Manila-Cavite Toll Expressway Project. TRB Executive Director Abraham P. Sales said in a Jan. 11 notice that “any interested expressway userâ�...

January 13, 2021 | 12:05 am Font Size AAA NLEX CORP. on Tuesday said the traffic flow at its toll plazas has improved after it carried out some measures to help control the congestion. In an e-mailed statement, the tollway company reported that its average daily traffic had reached 323,000 from Dec. 18, 2020 to Jan. 4, 2021, or higher by 3,000 versus the traffic volume it saw in the first two weeks of December. “We are delighted that even with the recent spike in traffic figures, ...

December 23, 2020 | 6:37 pm Font Size BW FILE PHOTO METRO Pacific Tollways Corp. (MPTC) and San Miguel Corp. (SMC) on Wednesday said they would waive toll fees at their expressways for Christmas and New Year. In an e-mailed statement, SMC said it would open all its expressways for free to all motorists from 10:00 p.m. on Dec. 24 to 6:00 a.m. on Dec. 25. SMC operates the Southern Tagalog Arterial Road, Southern Luzon Expressway, Skyway, NAIA Expressway, and Tarlac-Pangasinan-La Union E...

December 17, 2020 | 12:06 am Font Size AAA VALENZUELA CITY announced on Wednesday the lifting of the suspension order against the business permit of NLEX Corp., after both parties agreed to keep toll barriers up on all lanes for vehicles with radio-frequency identification (RFID) stickers. Valenzuela City Mayor Rex T. Gatchalian said in a social media post that the “toll holiday” had ended at 12:01 p.m. on Wednesday. He said both parties agreed to keep the toll barriers up on all R...