
New Manila International Airport positions Philippines for long-term growth
With the New Manila International Airport (NMIA) now under development in Bulakan, Bulacan, the country is building on the momentum of aviation reforms and infrastructure upgrades—setting the stage for stronger economic growth, improved connectivity and a better travel experience for millions.
Designed to be one of the most modern airports in the world, NMIA is expected to offer more efficient movement of passengers and cargo, complement the ongoing rehabilitation of Ninoy Aquino International Airport (NAIA) and support a new wave of regional development.
The development of NMIA is led by San Miguel Aerocity Inc., through a 50-year concession agreement with the national government.
The first phase is scheduled to begin construction in January 2026. This will include two runways, a modern terminal, and key facilities designed to serve up to 35 million passengers annually, and is expected to be completed by the end of 2028.
NMIA is being built to work alongside NAIA, which is now undergoing a P170.6-billion (US$3.02 billion) upgrade to improve its capacity and passenger experience.
Once the rehabilitation is done, NAIA will be able to handle up to 62 million passengers a year and manage 48 flights per hour. With both airports operating, the country will have a stronger, more reliable aviation system that can keep up with growing travel demand.
With the new airport located only 18 km from SM North Edsa and 15 km from Balintawak, it's almost part of Metro Manila.
Good transportation access is a big part of NMIA's design. New roads and terminals will connect the airport to Metro Manila and nearby provinces. A six-lane highway will link it to the North Luzon Expressway (NLEx), and a transport terminal will be built to serve provincial buses and other types of public transportation.
There are also proposals to extend the MRT-7 line—currently under construction between Quezon City and San Jose del Monte in Bulacan—so that it could eventually connect to the NMIA site.
If approved, this extension would make it easier for travelers from northern Metro Manila and nearby areas to reach the airport. For now, the plan remains under review and has not yet been finalised.
NMIA is expected to do more than enhance air travel—it will also contribute to economic growth and the development of surrounding areas.
The project is projected to generate over one million jobs and pave the way for an airport city with dedicated spaces for businesses, residential communities, and industrial facilities.
This bigger plan highlights how the airport can help guide how land is used, bring in new investments and make the country more competitive in tourism and trade. As more roads and facilities are built, and travel becomes easier, businesses in different industries—such as logistics, hotels, real estate and manufacturing—are likely to look at Bulacan and nearby areas for new opportunities.
For years, the country's aviation system has carried growing demand with very limited capacity.
NAIA, which for decades has been the lone international gateway for Metro Manila, is now being upgraded to meet higher standards and improve service.
The addition of NMIA—designed with modern facilities, future-ready technologies and world-class design—marks a turning point in how the Philippines is seen by the world. It's a major step toward restoring confidence, improving the traveler experience and presenting the Philippines as a premier destination in the region.
Recognising how these major infrastructure changes influence property values, development prospects and long term investment strategies will be essential for those looking to take part in this rapidly evolving growth corridor.
As the country builds toward a more connected future, the New Manila International Airport will play a central role in driving local progress and shaping the next wave of regional development.
NMIA is not just a new dot on the map—it's the Philippines' runway for growth to take off. It will propel Bulacan into a prime growth area of Metro Manila, while ushering in business to nearby provinces.
Large scale investors will be drawn in with its world-class connectivity, fuelling growth in years to come. - Philippine Daily Inquirer/ANN
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
3 hours ago
- The Star
Prabowo in Brussels to seal European Union deal amid US tariff threat
JAKARTA: With trade tensions between the United States and its partners on the rise, President Prabowo Subianto arrived in Brussels over the weekend in a bid to finalise Indonesia's most ambitious trade pact yet, the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA). The trip follows the completion of substantive negotiations between Jakarta and Brussels, with both sides now preparing to sign the deal in Jakarta later this year. Coordinating Economic Minister Airlangga Hartarto, speaking from Brussels, said that 'all issues have now been resolved' and called the deal 'a milestone' that could reshape Indonesia's trade orientation in an increasingly uncertain global environment. 'This is certainly a milestone amid the uncertainty between Indonesia and the EU. Our products can now enter Europe at zero tariffs,' Airlangga told reporters in a video interview issued in Jakarta on Sunday (July 13). He added that the agreement's final signing is expected in the third quarter of 2025, pending a formal announcement from the President. The IEU-CEPA spans 21 areas of cooperation, including trade in goods and services, investment, customs procedures, digital trade and sustainable growth. Key sectors like textiles, garments and fishery products are expected to benefit from reduced barriers. Prabowo's visit to Brussels officially begins on Sunday, and includes scheduled meetings with European Commission President Ursula von der Leyen and European Council President António Costa, as well as King Philippe of Belgium. Airlangga emphasised that 'shifting global geopolitics', a likely reference to Washington's protectionist tariff hikes, has made Europe a more attractive alternative for Indonesian exports. He also pointed to Indonesia's bid to join the Organisation for Economic Co-operation and Development (OECD) as one reason why Brussels now views Jakarta as a 'like-minded' and strategic partner. Trade Minister Budi Santoso, also in Brussels, echoed that sentiment, saying that Indonesia had gained leverage during the final stretch of negotiations. 'When IEU-CEPA neared completion, the EU started to soften on things like the deforestation regulation,' he said. 'They too want to work with us going forward.' The visit of the high-level Indonesian delegation comes just weeks after the EU reclassified Indonesia as a 'standard-risk' country under its deforestation regulation (EUDR), which had long been a sticking point for EU-bound palm oil shipments from Indonesia, the world's largest producer and exporter of the commodity. Budi also noted that Europe presents a more sizable and potentially stable market amid growing uncertainty. 'EU imports are about US$6.6 trillion globally, compared to around $3.3 trillion for the US. If we can grow our exports to the EU, that's a strong alternative market for us,' he said in a separate video interview. The EU is currently Indonesia's fifth-largest trading partner, with bilateral trade reaching $30.1 billion in 2024. The CEPA deal, once ratified, is expected to boost Indonesian exports to the EU by up to 50 percent due to lower tariffs and non-tariff barriers and attract more investment in key sectors such as electric vehicles, semiconductors, renewable energy and palm oil processing. While full ratification may not occur before 2027, Indonesian businesses are already aligning with EU partners to prepare supply chains ahead of its entry into force. 'After Indonesia, countries like Malaysia and Thailand are lining up. We are now the front-runner in forging deeper cooperation [with Europe],' Airlangga said. The US tariff threats, pegged between 20-40 percent for countries in Southeast Asia, have prompted Asean economies to diversify trade partners and bolster their domestic supply chains. Of Asean's current 10 member states, only Vietnam has signed a deal with the US to mitigate the tariff threat. In an attempt to appease the region, US Secretary of State Mark Rubio argued last week that 'many of the countries in Southeast Asia are going to have tariff rates that are actually better than countries in other parts of the world,' news wires reported. In response to a question on the ongoing Indonesia-US negotiations, Airlangga claimed that the US had agreed to a 'pause' on imposing tariffs for the next three weeks to allow for the fine-tuning and completion of the tariff deal. - The Jakarta Post/ANN


The Star
4 hours ago
- The Star
Laos launches climate-smart farming project in six provinces
VIENTIANE (Laotian Times): Laos is stepping up efforts to tackle climate-related food insecurity and open new export opportunities, with US$68.5 million in support from the Asian Development Bank (ADB) and partners to modernise agriculture in six climate-vulnerable provinces. The new Sustainable Agrifood Systems Sector Project, running from 2025 to 2030, will focus on improving food security, nutrition, and climate resilience in three northern provinces—Xayabouly, Phongsaly, and Houaphanh, and three southern ones, Salavanh, Sekong, and Champasack. Backed by a mix of loans and grants from the ADB, the EU-ASEAN Catalytic Green Finance Facility, and the ASEAN Infrastructure Fund, the project reflects the growing need to protect food systems from climate shocks while increasing farm productivity and export potential. At the centre of the plan is climate-resilient farming. Smallholder farmers will receive hands-on training to adapt to changing weather, with a focus on high-value crops like bamboo, coffee, and durian that suit both market demand and local conditions. The project also offers affordable microfinance options to help farmers and rural businesses stay afloat during extreme weather. Key infrastructure such as irrigation systems and rural roads will be upgraded to allow year-round farming and easier access to markets. Community involvement and gender inclusion are also major parts of the plan. Both men and women will help lead and maintain local infrastructure projects, ensuring long-term success and shared responsibility. By tackling climate risks, food shortages, and trade barriers all at once, the project marks a big step in preparing Laos's rural economy for a more unpredictable future. - Laotian Times


Malaysian Reserve
5 hours ago
- Malaysian Reserve
Malaysia leads Southeast Asia IPO performance in first half of year
KUALA LUMPUR — Despite broader regional challenges, Malaysia leads Southeast Asia's initial public offering (IPO) performance in the first half of the year, Deloitte data showed, reported Xinhua. The firm said in a recent report that Malaysia recorded approximately 48 per cent year-on-year increase in the number of listings to 32, with IPO amount raised increasing by approximately 109 per cent to US$940 million, along with a corresponding uptick in total IPO market capitalisation by approximately 165 per cent to US$4.04 billion. 'The IPO outlook in Malaysia remains optimistic for the remainder of 2025, with 32 listings recorded as of June 30, 2025, putting Bursa Malaysia on track toward its full year target of 60 listings,' said Deloitte Malaysia Transactions Accounting Support Partner Wong Kar Choon. However, he noted the recent US trade tariffs and geopolitical tension have introduced uncertainty, and he foresees that there could be an impact to the IPO market. According to him, this situation may lead to cautious investor sentiments as investors may adopt a more cautious approach and favour less risky assets during this uncertain period. Additionally, he opined that companies may delay their IPO plans, especially for export-driven companies that is affected by supply chain disruptions and cost pressures. He also anticipates that the consumer industry with well-established brand names will continue to be the cornerstone of Malaysia's economic landscape and are poised to leverage their strong market presence to tap on the IPO capital market opportunities. Overall, the Southeast Asia IPO capital market remained resilient in the first half of 2025. It saw 53 IPOs, with over US$1.4 billion in IPO proceeds raised and an IPO market capitalisation of US$7.7 billion as compared to the first half of 2024, which saw 67 IPOs, just under US$1.4 billion in IPO proceeds and IPO market capitalisation of US$5.8 billion. This represents a 3 per cent increase in IPO amount raised and an increase of 33 per cent in IPO market capitalisation, despite a 21 per cent decrease in the number of IPOs across Southeast Asia, compared to the first half of 2024. — BERNAMA-XINHUA