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MPIC net income surges nearly four times to P7B


BusinessWorld
May 6, 2021 | 12:09 am
By
Senior Reporter
METRO Pacific Investments Corp. (MPIC) on Wednesday reported a 272.06% increase in its first-quarter attributable net income, owing to the sale of its stakes in a power producer and a toll road business in Thailand, as well as the recently signed tax incentives law.
MPIC’s attributable net income for the first quarter reached P7.03 billion, up from P1.89 billion in the same period last year, the company said in a statement to the stock exchange.
The company said it benefited from the gain recognized from the sale of Global Business Power Corp. and Thailand’s Don Muang Tollway Public Co. Ltd. ....

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Train cars for LRT-1 Cavite extension starting to arrive


January 26, 2021 | 8:09 pm
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        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, funded the manufacture of the 120 fourth-generation light rail vehicles.
The train cars will be provided to the LRT-1, with Mitsubishi Corp. as the implementing contractor, the Embassy of Japan in Manila said in a separate statement. ....

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Rail operations in capital to be cut on Dec. 24 and 31


December 22, 2020 | 8:17 pm
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BW FILE PHOTO
THE OPERATIONS of Metro Manila’s major rails will be shortened on Dec. 24 and 31, which are both special non-working days.
Light Rail Transit (LRT) Line 1 will be open from 4:30 a.m. to 8 p.m. on Christmas Eve, and until 7 p.m. on New Year’s Eve, operator Light Rail Manila Corp. said in an e-mailed statement on Tuesday.
LRT Line 2 operations will be until 8 p.m. on Dec. 24 and until 7:30 p.m. on Dec. 31, operator Light Rail Transit Authority said on Facebook.
“We will shorten our operating hours on Dec. 24 and 31 in anticipation of a significant decline in ridership,” it said. Regular train operations will resume on Dec. 25 and 30. ....

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