Metro Pacific Tollways Corp. is setting aside about P12 billion this year for capital spending for three expressway projects in southern Metro Manila and neighbouring provinces. Under subsidiary MPT South Corp., the tollroad giant said the largest share or P6.49 billion would go toward the 45-kilometer Cavite Laguna Expressway (Calax) while P5.34 billion would be…
Varying levels of quarantine restrictions imposed since March of last year to contain the spread of COVID-19 have drastically reduced traffic along the country’s main expressways. This has undeniably affected the bottom line of Metro Pacific Tollways Corp, the toll operations arm of Metro Pacific Investments Corp. (MPTC) that operates a network of toll roads…
With people now more conscious about their health and safety, businesses under the travel and hospitality sector, as they continue to bear the brunt of the pandemic’s economic impact, need to focus on the future of Philippine tourism: to become an industry that creates “low-density and high-value” experiences for consumers. In short, according to…