05 MAR 2017
Belle hikes 2016 profit
http://www.philstar.com/business/2017/03/05/1677973/belle-hikes-2016-profit
27 FEB 2017
ARRC urges govt to decide on Sangley runway proposal
http://www.businessmirror.com.ph/arrc-urges-govt-to-decide-on-sangley-runway-proposal/
17 FEB 2017
All-Asia pushes Clark, Sangley as alternative airports
http://news.abs-cbn.com/business/02/16/17/all-asia-pushes-clark-sangley-as-alternative-airports
28 DEC 2016
Still pushing
All-Asia Resources and Reclamation Corp. continues to make a strong push for its massive Sangley, Cavite reclamation proposal, driving hard on its potential to ease Metro Manila’s traffic nightmare.
The consortium, backed by the Tieng and Sy groups, said the plan to reclaim some 2,500 hectares of land to be developed into a new international airport, seaport and industrial zone would remove 8,000 trucks and 40,000 cars from Metro Manila per day.
The cost of the project was estimated at P1.3 trillion, and its proponents claimed they were seeking no sovereign guarantees or subsidies.
That investment, though, seem like a bargain, considering that productivity losses from congestion run at over P860 billion annually, when considering 2012 figures from the Japan International Cooperation Agency.
The consortium has also set a very aggressive construction schedule, assuming the government gave its approval, at four years.
These announcements come as the Duterte administration is (hopefully) expected to decide next year on a comprehensive airport policy for Luzon, and perhaps the rest of the country.
Thus far, it appears that All-Asia Resources and Reclamation has the ear of the President and company officials are very optimistic this project would prevail.
But we hear it still needs to hurdle more steps, including the approval from the National Economic and Development Authority. Prevailing wisdom, especially in these uncertain times, also dictates that no celebration is warranted until a contract is sealed and the ink is dry.
Whatever the outcome, 2017 is turning out to be an exciting time for the future of the country’s transportation sector. —MIGUEL R. CAMUS
Read more: https://business.inquirer.net/222111/biz-buzz-rearguard-action-logistics-firm#ixzz4U5PpsG5m
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22 DEC 2016
Solar-Sy group still keen on Sangley airport rehab
https://business.inquirer.net/221791/solar-sy-group-still-keen-sangley-airport-rehab
