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.
Bu hikaye The Philippine Star dergisinin October 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Philippine Star dergisinin October 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
MQuest Artists Agency offers acting, dance, voice workshops
Those who will participate in the MQuest Artists Agency (MQAA) acting, dance, and voice public workshops will get the chance to be discovered and have exclusive access to auditions and the opportunity to join the MQAA talent pool.
SAM VERZOSA ON GIRLFRIEND RHIAN RAMOS: SHE'S MY LUCKY CHARM
SAM VERZOSA DESCRIBED girlfriend Rhian Ramos his \"lucky charm\" after receiving back-to-back awards this month.
The charmed life of Happy Ongpauco-Tiu
I was recently invited to the birthday lunch of PR guru Susan Joven at Tsokolateria-Pamana restaurant in the new GH (Greenhills) Mall.
FEELING RIZAL HOVER 'IN THE AIR' TONIGHT IN HEIDELBERG
HEIDELBERG, Germany—They say history is not just something we read or study; it is something we walk through. All our movements and moments become, in a sense, historic (with the magnitude of their historicity being relative, of course). History inhabits the air of cities—most especially old, grizzled ones such as Heidelberg in Germany with the hum and thrum of its cobblestones, where we recently echoed the footfalls not only of countless German figures who have shaped history but also of one Dr. Jose Rizal.
New Phl CPF finalized early next year – WB
The World Bank expects to finalize by early next year its new country partnership framework (CPF) that will outline programs to be supported in the Philippines for 2025 until 2028.
Focus on exports
Federation of Filipino Chinese Chamber of Commerce and Industry Inc. (FFCCCII) president Cecilio Pedro hopes that government officials would focus on increasing the country's self-sufficiency next year in the face of possible tariffs threats from the United States with the expected takeover of the government by president-elect Donald Trump.
ERC: EPIRA amendments could bring down power costs
The proposed changes to the Electric Power Industry Reform Act (EPIRA) could deliver the long-awaited solution to soaring electricity costs, according to the country's power regulator.
The bigger problems
\"In the larger scheme of things, Sara is unimportant. So please do not file impeachment complaints. It will only distract us from the work of governance which is to improve the lot of all Filipinos.\"
Phl MSMEs among target beneficiaries of ADB, Mastercard financing in Asia-Pacific
Micro, small and medium enterprises (MSMEs) in the Philippines are among the initial target beneficiaries of financing from the Asian Development Bank (ADB) and Mastercard to support small businesses in Asia-Pacific.
Metro Retail revisiting network expansion plan
Metro Retail Stores Group Inc., the listed retail company of the Gaisano Group, is revisiting its network expansion plan and strategies to adapt to the changing preferences of Filipino consumers.
