Connect with us

Hi, what are you looking for?

News

Senator opposes Manila airport sale plan 

Passengers crowd the departure lobby inside the Ninoy Aquino International Airport (NAIA) Terminal 3 in Pasay City, Jan. 1. — PHILIPPINE STAR/ MIGUEL DE GUZMAN

SENATOR Joseph Victor G. Ejercito has opposed a plan to privatize the Philippines’ main international airport, saying public utility that is vital to national security should remain in government hands. 

“What happened during the fiasco should be an eye opener for us, but when we talk about utilities concerning national security, I’m still thinking that it should be under government control,” he said in a statement on Wednesday. 

He was referring to the air transport glitch that paralyzed the country’s airports on New Year’s Day. 

Mr. Ejercito said he was open to proposals to put the Ninoy Aquino International Airport (NAIA) under a public-private partnership, but government oversight should be kept. 

Transportation Secretary Jaime J. Bautista on Tuesday said that the agency was working with the Asian Development Bank (ADB) and Public-Private Partnership Center for a possible privatization of Manila’s international airport. 

The terms of reference of the proposal should be ready this quarter, he added, noting that the private sector’s management of the airport would improve its service. — Alyssa Nicole O. Tan 

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Editor’s Pick

<?xml encoding=”utf-8″ ??> Pressure on the Tory Party chairman increases as the head of HMRC says there are no penalties for ‘innocent errors’. Nadhim...

Editor’s Pick

<?xml encoding=”utf-8″ ??> With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike...

Editor’s Pick

<?xml encoding=”utf-8″ ??> TSB’s 5,700 staff and executives are to share a 10% bigger bonus pot this year, after rising interest rates pushed the...

Editor’s Pick

<?xml encoding=”utf-8″ ??> NatWest is to shut another 23 branches in England and Wales, adding to a raft of high street banking closures already...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Shell has put more than 2,000 jobs in the UK at risk after launching a “strategic review” of its domestic energy...

Editor’s Pick

<?xml encoding=”utf-8″ ??> British taxpayers have become shareholders in a further 53 companies backed by a government rescue funding scheme. These firms include a...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.