BusinessWorld
May 6, 2021 | 12:09 am
By
Senior Reporter
METRO Pacific Investments Corp. (MPIC) on Wednesday reported a 272.06% increase in its first-quarter attributable net income, owing to the sale of its stakes in a power producer and a toll road business in Thailand, as well as the recently signed tax incentives law.
MPIC’s attributable net income for the first quarter reached P7.03 billion, up from P1.89 billion in the same period last year, the company said in a statement to the stock exchange.
The company said it benefited from the gain recognized from the sale of Global Business Power Corp. and Thailand’s Don Muang Tollway Public Co. Ltd.
Published December 23, 2020, 6:15 PM
Motorists passing through NLEX, SCTEX, CAVITEX, C5 Link, and CALAX will enjoy toll-free travel on Christmas and New Year.
No toll fees will be collected on all MPTC expressways from 10:00 p.m. of December 24 to 6:00 a.m. of December 25 and from 10:00 p.m. of December 31 to 6:00 a.m. of January 1, 2021.
“This simple treat is part of our group’s initiative to give back to our customers especially this holiday season,” said Metro Pacific Tollways Corporation (MPTC) President and CEO Rodrigo E. Franco.
Franco also said that all MPTC expressways are ready for the expected surge in traffic volume with the implementation of the “Safe Trip Mo Sagot Ko” (SMSK) motorist assistance program.
Published December 23, 2020, 4:22 PM
(NLEX Corporation / MANILA BULLETIN)
Motorists passing through NLEX, SCTEX, CAVITEX, C5 Link, and CALAX will enjoy toll-free travel on Christmas and New Year.
No toll fees will be collected on all Metro Pacific Tollways Corporation (MPTC) expressways from 10:00 p.m. of December 24 to 6:00 a.m. of December 25 and from 10:00 p.m. of December 31 to 6:00 a.m. of January 1, 2021.
“This simple treat is part of our group’s initiative to give back to our customers especially this holiday season,” announced MPTC President and CEO Rodrigo E. Franco.
All MPTC expressways are ready for the expected surge in traffic volume with the implementation of the “Safe Trip Mo Sagot Ko” (SMSK) motorist assistance program.
The final stage is the vision of the ‘open road’ with neither barriers nor tollgates in expressways.
“Our common vision for the future is to bring tolling technology in the country to the modern age,” Franco explained.
But before this, operators need to have an interoperable toll collection system in the country.
(ADB / MANILA BULLETIN / FILE PHOTO)
Already, all of MPTC’s expressways are prepared for both cashless and cash payments.
“We are prepared to respond favorably to any initiative taken by the executive and legislative branches to make expressways even more convenient and safer for our customers,” Franco stressed yesterday’s (Dec. 17) hearing conducted by the Senate Committee on Public Services held yesterday.