It is a national shame that captures all that is bad about the Filipino's present condition.
It has been abused by politicians and their cronies who have been milking it at the expense of the airport's proper operations. The airport had been badly managed but no previous President had the inclination to deal with it.
Finally, we have a President willing to admit failure in NAIA management and fast tracked a public bidding for a private group to take over. NAIA operations had to be privatized for anything good to happen.
The San Miguel Corp.-led New NAIA Infra Corp. (NNIC) that won the bid has made an upfront payment of P30 billion for the right to redevelop NAIA as a public-private partnership (PPP) project. San Miguel will also provide a fixed P2 billion annual payment and 82.16 percent national government revenue share, excluding passenger service charges.
According to Finance Secretary Ralph Recto, "the government is expected to generate roughly P900 billion in revenues from this deal over the entire term, which is a 15-year concession period, extendable by another 10 years. This will be equivalent to a revenue source of more or less P36 billion annually." Question is, if the airport can deliver all that revenue under private management, why was the government unable to do so all these past years? Before privatization, the Manila International Airport Authority only sent about P2 billion yearly as dividends to the national government.
Denne historien er fra October 04, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 04, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
YES, WE CAN BEAT CERVICAL CANCER!
The statistics are alarming. Every two minutes, a woman dies of cervical cancer in countries where access to public health, services and awareness remain a challenge.
Mano po. Ninong, mano po. Ninang
Christmas is in the air. It has been that way since September, and some would say even earlier.
STUBBORN ITCHING
Everyone experiences itchy skin at some point, but when the itch persists, it can become frustrating and overwhelming.
CONFESSIONS OF AN IFBB BIKINI PRO
Last month, Musclecontest Philippines held its National and Pro-League qualifier at Novotel Manila in Araneta City. Two Filipina athletes earned their IFBB Pro Cards: Katherine Hartvigsen in Wellness and Sheen Marie Torres in Women's Bikini.
Design tips for all spaces
While a designer's personal taste is often evident in homes he designs for his clients, Francis \"Nix\" Alañon makes sure it isn't so in his case. He interviews his clients, making sure that their personal tastes are reflected in their homes.
Woman of Taste
She is a walking mannequin of Philippine fashion—not just of haute couture but also of popular wear. The world is her catwalk, and on it she displays the artistry of Filipino designers and artists.
RJ Jacinto, Jose Mari Chan bring Christmas cheer
Street singers or buskers were given an unexpected boost when RJ Jacinto and Jose Mari Chan dropped in and jammed with popular busker, Eloisa, at the Uptown Mall Parade in BGC.
Alamat to showcase respective hometowns in 'Ragasa' concert
Apart from showcasing their musicality at their second solo concert on Dec. 6 at the New Frontier Theater, the members of the P-pop boy group Alamat will also promote their respective hometowns at their forthcoming gig.
MMFF 2024: CRISANTO AQUINO SHARES INSPIRATION BEHIND FRANSETH'S BIG-SCREEN DEBUT
Director Crisanto Aquino was not surprised when a number of netizens compared the resemblance of his romantic film, \"My Future You,\" to similar romantic stories in the past, particularly the Japanese animated fantasy film, \"Your Name.\"
What to stream: Sabrina Carpenter holiday special, 'Beetlejuice Beetlejuice', and Rosé goes solo
Sabrina Carpenter hosting a holiday variety music special on Netflix and Keira Knightley and Ben Whishaw playing a spy and an assassin in the TV series \"Black Doves\" are some of the new television, films, music and games headed to a device near you.
