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MANILA, Philippines – Yuka Saso encountered challenges in the early going of the final round but recovered to save a one-under 71 and finish joint seventh in the Saudi Ladies International won by Thai Patty Tavatanakit in wire-to-wire fashion at the Riyadh Golf Club in Saudi Arabia Sunday.
Senator Nancy Binay believes that the country should prioritize the Ninoy Aquino International Airport's rehabilitation and that moves to change its name should be put on the back-burner.
The Department of Transportation (DoTr) [link] announced on Friday that the San Miguel Consortium had been awarded the P170.6-billion contract to operate, maintain and rehabilitate NAIA. The consortium is comprised of San Miguel Holdings (a subsidiary of San Miguel [SMC 108.00, down 0.9%]), RMM Asian Logistics (a small company owned by Raymond Miller Moreno), RLW Aviation Development (a small company owned by Robert Lee Wong), and Incheon International Airport Corp. (a major South Korean airport operator). The consortium’s winning bid proposed giving 82.1% of NAIA’s revenue straight to the government, while also increasing NAIA’s annual passenger capacity from 32 million to 60 million. The initial contract to operate will be for 15 years, starting in H2/24, and could be extended for an additional 10 years. The deal is expected to generate P0.9 trillion in revenues for the government throughout the 15-year contract.
Domestically, this week is all about the preferred shares listings that we’ll have at the end of the week with Century Properties [CPG 0.28, up 1.8%] and CPGPB going live on Thursday, and A Brown [BRN 0.65 unch] and BRNPB/BRNPC going live on Friday. Internationally, we’ll get the updated initial jobless claims data from the US.
THE HAGUE, Netherlands — The UN's top court will from Monday hold hearings on the legal consequences of Israel's occupation of Palestinian territories since 1967, with an unprecedented 52 countries expected to give evidence.
BRUSSELS, Belgium — Alexei Navalny's widow will meet European foreign ministers in Brussels on Monday, EU officials announced, as Russian courts jailed dozens of people detained at events commemorating the Kremlin critic.
The Department of Agriculture (DA) and International Rice Research Institute (IRRI) entered into a collaborative agreement Tuesday to help boost rice production in the Philippines.
MANILA, Philippines — A British man convicted of molesting a child tried to enter the country on Feb. 14, the Bureau of Immigration (BI) reported yesterday.