Marcos inspects facilities at NAIA Terminal 3
Marcos visited the said terminal to check the progress and upgrades delivered since the operations were turned over to the New NAIA Infrastructure Corporation (NNIC).
He was welcomed by Transportation Secretary Vince Dizon, Justice Secretary Jesus Crispin Remulla, and Manila International Airport Authority (MIAA) general manager Eric Ines.
The President was also given a briefing as regards the accomplishments of the NNIC at the terminal's VIP Lounge.
He conducted a walkthrough of the terminal's facilities, including the Immigration Area, overseas Filipino workers (OFW) Immigration Annex, OFW Lounge and OFW Rest Area, Transportation Network Vehicle Services (TNVS) area, and Arrival curbside area.
The NNIC, made up of San Miguel Holdings Corp., RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corp., took over NAIA on September 14, 2024.
It inked a P170.6-billion concession agreement with the Department of Transportation to take over NAIA in March 2024, after it offered the highest share of its future revenues from operating the gateway to the government. — RSJ, GMA Integrated News
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
GMA Network
3 hours ago
- GMA Network
First batch of Community Mortgage Program sites to be awarded by October
State-run Social Housing Finance Corporation (SHFC) is looking to award the first batch of Community Mortgage Program (CMP) sites by October this year, as the government has revived the program that allows beneficiaries to borrow up to P750,000 for housing assistance. According to the SHFC, eight initial CMP sites have been identified, and are targeted to be awarded by October this year: in Ilocos Norte; Ilocos Sur; Iloilo City; Pasig City; Roxas City; Tanay, Rizal; and Valenzuela. A total of 34 sites have been identified for the national scope of the CMP. 'These projects represent not just houses but hope, dignity, and stability for thousands of Filipino families. This move reflects our strong commitment to address the housing needs of the underserved through direct community empowerment,' SHFC president and chief executive officer Federico Laxa said in a statement. Based on the CMP overview on the SHFC website, the CMP is a people-led housing finance and community development program, which seeks to assist legally organized associations of low-income groups to acquire and develop a tract of land under the concept of community ownership. Under the program, member-beneficiaries can borrow P400,000 for onsite; P480,000 for horizontal housing; up to P750,000 for vertical housing; and P350,000 for farm lot, and P50,000 for farmer support assistance. CMP loans bear 6% interest per year, based on the outstanding balance and payable over a maximum period of 25 years in equal monthly amortizations. According to the SHFC, the revival of the CMP comes with 'key enhancements' to eliminate bottlenecks and accelerate project implementation, such as the provision of an additional credit component dedicated to site upgrading on top of the initial loan for lot acquisition. 'This aims to ensure that CMP communities are no longer considered informal or blighted settlements,' the SHFC said. 'We will be more transformative with our CMP projects to ensure the continuous improvement of the communities we serve,' Laxa said. Laxa said the SHFC will also collaborate with other agencies to ensure that beneficiaries can access a broader range of services, such as the planned partnership with the Technical Education and Skills Development Authority (TESDA) to provide skills training and capacity-building programs to boost long-term income prospects. A dedicated task force has also been established to fast-track the evaluation and approval of CMP projects. — Jon Viktor D. Cabuenas/BM, GMA Integrated News
GMA Network
11 hours ago
- GMA Network
Thunder Consortium bags P36.26B hydro power plant complex in Laguna
Thunder Consortium, composed of Aboitiz Renewables Inc. (ARI), Sumitomo Corporation, and Electric Power Development Co. Ltd (J-Power), has been awarded the winning bidder for the P36.26-billion sale and privatization of the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plant Complex. In a regulatory filing, ARI's parent firm Aboitiz Power Corp. said the company was informed on Monday, July 21, that the Power Sector Assets and Liabilities Management Corp. (PSALM) issued a Notice of Award to the Thunder Consortium last Friday, July 18, 2025. 'The Thunder Consortium will undergo the post-award process required by PSALM,' the filing read, but did not elaborate. Thunder Consortium was the highest-ranking bidder for the asset, offering P36.26 billion, and besting the FGKW Consortium of First Gen Prime Energy Corporation and Korea Water Resources Corporation. Located in Lumban, Majayjay and Kalayaan in Laguna, the CBK complex is part of the assets being sold by PSALM to fund the settlement of its liabilitations and obligations that are assumed from the National Power Corp. (Napocor). The CBK Hydroelectric Power Plants are part of the assets the government targets to privatize this year, along with assets in NLEX Corp. (P330 million), receivables in the Nonoc Mining and Industrial Corp. (P820 million), Elorde Sports and Tourism Development Corp. (P621 million), Food Terminal Inc. (P40.46 billion), and SMC Slex Inc. (P12.0 to P24.8 billion). The power plants are currently operated under a 25-year build-rehabilitate-operate-transfer agreement with CBK Power Company Ltd., which is set to expire in February 2026. The government is also looking to raise P100 billion next year. Based on the latest report of the Development Budget and Coordination Committee (DBCC), the administration is looking to generate P4.520-trillion in total revenues this year, and P4.983 trillion in 2026. ARI is a wholly-owned subsidiary of Aboitiz Power Corp., and represents the company's investments and interests in renewable energy projects including geothermal, large hydro, run-of-river hydro, wind, battery energy storage systems, and solar projects. Shares in ARI were last trading at P41.65 apiece, up by P0.50 or 1.21%. —VAL, GMA Integrated News
GMA Network
19 hours ago
- GMA Network
Marcos arrives in US to meet Trump
President Ferdinand Marcos Jr. is welcomed upon his arrival at the Joint Base Andrews in Maryland, USA by Philippine Ambassador to the US Jose Manuel Romualdez, US Ambassador to the Philippines MaryKay Carlson and another American official on Sunday, July 20, 20025 (Monday, July 21, PH time). Screenshot from RTVM videoPresident Ferdinand Marcos Jr. is welcomed upon his arrival at the Joint Base Andrews in Maryland, USA by Philippine Ambassador to the US Jose Manuel Romualdez, US Ambassador to the Philippines MaryKay Carlson and another American official on Sunday, July 20, 2025 (Monday, July 21, PH time). Screenshot from RTVM video WASHINGTON, DC - President Ferdinand "Bongbong" Marcos Jr. arrived in Washington, DC on Monday at 2:48 a.m. Manila time. The President is set to meet with US President Donald Trump at the White House. He is also scheduled to visit the Pentagon for a meeting with Defense Secretary Pete Hegseth and Secretary of State Marco Rubio. Philippine Ambassador to the United States Jose Manuel Romualdez said Marcos and Trump are set to discuss defense and security. 'Essentially it's really the reaffirmation of all these agreements that we have with the United States specifically surrounding the Mutual Defense Treaty. So, it will be more on discussions on how we can continue to cooperate with the United States, our major ally.' Romualdez said. The West Philippine Sea situation is also expected to be discussed in the President's meetings here. 'At the same time, I think President Marcos would like to see how we can work with the United States and other countries that have the same mindset as far as the West Philippine Sea is concerned. So, it will be on those general subjects of discussion,' Romualdez added. Marcos will also be meeting with business leaders. 'Generally he'll be talking to semiconductor industry which is very important for us. One of our biggest industries that we're having economic ties with the United States. I think the President of the Semiconductor Association will be meeting with the President," the ambassador said. "And then we have other business leaders particularly those who have already invested in the Philippines or planning to expand their investments in the healthcare,' Romualdez said, adding that groups interested in developing the Luzon Economic Corridor will likewise attend the meeting. Marcos and Trump are also expected to tackle the 20% tariff on Philippine goods entering the US with the Philippines, hoping to arrive at a trade agreement beneficial to both countries. Romualdez also told the media covering the President's visit that the controversial immigration policy of President Trump is not on the agenda. There are currently 3,772 Filipinos identified by the US Immigration and Customs Enforcement who are not detained but with 'final orders of removal.' —KG, GMA Integrated News
