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Cebu-Cordova Link Expressway 75% complete
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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.
January 13, 2021 | 12:05 am Font Size
AAA
NLEX CORP. on Tuesday said the traffic flow at its toll plazas has improved after it carried out some measures to help control the congestion.
In an e-mailed statement, the tollway company reported that its average daily traffic had reached 323,000 from Dec. 18, 2020 to Jan. 4, 2021, or higher by 3,000 versus the traffic volume it saw in the first two weeks of December.
âWe are delighted that even with the recent spike in traffic figures, we have not seen our toll plazas getting jampacked,â NLEX Corp. President and General Manager J. Luigi L. Bautista was quoted as saying.
Toll holiday starts Dec 24
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