Metro Pacific interested in Ayala’s stake in LRT 1

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 55%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

' Metro Pacific interested in Ayala’s stake in LRT 1 ' Infrastructure conglomerate Metro Pacific Investments Corp. is actively evaluating investment opportunities in logistics, agriculture, real estate and tourism sectors despite the volati-- Read more👇

Metro Pacific chairman Manuel Pangilinan said in a news briefing the group is expected to finalize three deals within the year. He said it has enough funds to make the significant acquisitions.

Pangilinan said the company is particularly interested if the new president will be more open or sympathetic to tariff adjustments on LRT 1. The group took over the operations and maintenance of LRT-1 in September 2015 through a P65-billion 32-year concession agreement with the Department of Transportation and the Light Rail Transit Authority.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Metro Pacific open to increasing stake in LRT1 operatorPangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC) is interested in further increasing its stake in Light Rail Manila Corp. (LRMC), the private operator of Light Rail Transit Line 1 (LRT1).
Source: gmanews - 🏆 11. / 68 Read more »

MPIC sets precondition to buy Ayala stake in LRT 1Manuel Pangilinan-led MPIC would consider increasing its stake in the 20.7-kilometer LRT 1 in Metro Manila should the incoming administration act on a growing pile of fare application increases going back to 2015. | miguelrcamusINQ /PDI
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Metro Pacific open to increasing stake in LRT1 operatorPangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC) is interested in further increasing its stake in Light Rail Manila Corp. (LRMC), the private operator of Light Rail Transit Line 1 (LRT1).
Source: gmanews - 🏆 11. / 68 Read more »

CCLEX to ‘slowly’ boost toll road group’s earnings - BusinessWorld OnlineMetro Pacific Investments Corp. (MPIC) expects that the opening of the Cebu-Cordova Link Expressway (CCLEX) will gradually boost the earnings of its toll roads business starting this year, its chairman said. READ: Despite IamMVP's fears, I think the CCLEX will earn quickly. Cebu needs bridges so urgently that a fourth one is already in the works. MPICCorpComm
Source: bworldph - 🏆 9. / 68 Read more »

LRT-1 4th Gen trains start trial runsDynamic test runs for Light Rail Transit (LRT)1’s brand-new 4th Generation (Gen-4) trains start along its existing line tonight, Wednesday, May 4, announced private operator Light Rail Manila Corporation (LRMC).
Source: manilabulletin - 🏆 25. / 51 Read more »

Century Pacific earnings up 10% - BusinessWorld Online“The first quarter of 2022 has received more than its fair share of headwinds, yet, concurrently, we are feeling tailwinds coming from the Philippine economic reopening,” Century Pacific Chief Finance Officer Richard S. Manapat said in a statement. READ:
Source: bworldph - 🏆 9. / 68 Read more »