Megawide says gov't yet to notify them on NAIA project appeal | ABS-CBN
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Megawide says gov't yet to notify them on NAIA project appeal
Megawide says gov't yet to notify them on NAIA project appeal
ABS-CBN News
Published Jan 20, 2021 05:09 PM PHT
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MANILA - Infrastructure developer Megawide said Wednesday the government has yet to notify it on the status of its appeal on the firm's original proponent status in the rehabilitation of the Philippines' main gateway.
MANILA - Infrastructure developer Megawide said Wednesday the government has yet to notify it on the status of its appeal on the firm's original proponent status in the rehabilitation of the Philippines' main gateway.
The company also said that San Miguel Corp's offer to handle the operations of the Ninoy Aquino International Airport (NAIA) while building another airport in Bulacan will be "monopolistic" and "anti-competition."
The company also said that San Miguel Corp's offer to handle the operations of the Ninoy Aquino International Airport (NAIA) while building another airport in Bulacan will be "monopolistic" and "anti-competition."
Megawide Chairman and CEO Edgar Saavedra said during a business webinar that they have not yet received an "official communication" from the Manila International Airport Authority (MIAA) regarding their NAIA rehab bid.
Megawide Chairman and CEO Edgar Saavedra said during a business webinar that they have not yet received an "official communication" from the Manila International Airport Authority (MIAA) regarding their NAIA rehab bid.
"We have no official communication yet from them but we will respect whatever the decision of DOTr [Department of Transport]," he said.
"We have no official communication yet from them but we will respect whatever the decision of DOTr [Department of Transport]," he said.
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Last week, another media outlet reported that the MIAA had affirmed the revocation of Megawide's original proponent status (OPS) for the rehabilitation of NAIA, saying the company lacked the needed equity for the project.
Last week, another media outlet reported that the MIAA had affirmed the revocation of Megawide's original proponent status (OPS) for the rehabilitation of NAIA, saying the company lacked the needed equity for the project.
An OPS allows a bidder to match the counteroffer submitted by competitors, and thus bag a project.
An OPS allows a bidder to match the counteroffer submitted by competitors, and thus bag a project.
Saavedra clarified that when they got a revocation letter from the MIAA on Dec. 15 last year, Megawide provided documents to prove it has enough capital to fund the project.
Saavedra clarified that when they got a revocation letter from the MIAA on Dec. 15 last year, Megawide provided documents to prove it has enough capital to fund the project.
When asked about San Miguel's intent to handle the operations and maintenance of NAIA while building and operating the Bulacan airport, Saavedra said that it is a "monopolistic approach".
When asked about San Miguel's intent to handle the operations and maintenance of NAIA while building and operating the Bulacan airport, Saavedra said that it is a "monopolistic approach".
He added that this would anti-competition, and would run counter to the government's aim to have multiple airports and multiple developers and operators.
He added that this would anti-competition, and would run counter to the government's aim to have multiple airports and multiple developers and operators.
Megawide's NAIA proposal
Before the COVID-19 pandemic restricted air travel, the airport was congested and handled 45 million passengers annually.
Before the COVID-19 pandemic restricted air travel, the airport was congested and handled 45 million passengers annually.
Saavedra said they plan to eliminate congestion and flight delays by improving taxiways, building new terminals and reconfiguring ones, providing a monorail to link every terminal, and redesigning the airport's facilities.
Saavedra said they plan to eliminate congestion and flight delays by improving taxiways, building new terminals and reconfiguring ones, providing a monorail to link every terminal, and redesigning the airport's facilities.
The government approached Megawide to bid for NAIA after the country's biggest conglomerates asked for permission to revise their earlier proposal, citing viability concerns.
The government approached Megawide to bid for NAIA after the country's biggest conglomerates asked for permission to revise their earlier proposal, citing viability concerns.
Read More:
Megawide
SMC
San Miguel Corp
MIAA
Manila International Airport Authority
DOTr
NAIA rehabilitation
NAIA
Bulacan airport
Ninoy Aquino International Airport
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STI allots P950 million for new campus in Alabang
STI allots P950 million for new campus in Alabang
Benise Balaoing,
ABS-CBN News
Published Feb 13, 2025 12:49 PM PHT
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MANILA -- STI Education Services Group is alloting P950 million to build a new campus in Alabang.
MANILA -- STI Education Services Group is alloting P950 million to build a new campus in Alabang.
In a statement, the firm said its new school building will have 8 storeys and will stand on a 3,266 square-meter property in South Park District.
In a statement, the firm said its new school building will have 8 storeys and will stand on a 3,266 square-meter property in South Park District.
It will have airconditioned classrooms with flat-screen TVs, student activity centers with internet connectivity, industry-grade laboratories, and recreational spaces like a basketball court.
It will have airconditioned classrooms with flat-screen TVs, student activity centers with internet connectivity, industry-grade laboratories, and recreational spaces like a basketball court.
The new building will accommodate 10,000 senior high school and college students taking up Information Technology, Business and Management, Hospitality Management, and Tourism Management.
The new building will accommodate 10,000 senior high school and college students taking up Information Technology, Business and Management, Hospitality Management, and Tourism Management.
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The building is set to be completed by 2026.
The building is set to be completed by 2026.
STI President and COO Peter K. Fernandez said the school is committed to developing relevant skills in its students.
STI President and COO Peter K. Fernandez said the school is committed to developing relevant skills in its students.
"For years, we have been expanding and improving our facilities to keep up with the demands
and challenges of the modern world," he said.
"For years, we have been expanding and improving our facilities to keep up with the demands and challenges of the modern world," he said.
Aside from the one in Alabang, STI also has campuses in Legazpi, Pasay-EDSA, Sta. Mesa, San Jose Del Monte, Lipa, Batangas City, Las Piñas, Calamba, Cubao, Lucena, Caloocan, Ortigas-Cainta, Novaliches, Fairview, Naga, and Global City.
Aside from the one in Alabang, STI also has campuses in Legazpi, Pasay-EDSA, Sta. Mesa, San Jose Del Monte, Lipa, Batangas City, Las Piñas, Calamba, Cubao, Lucena, Caloocan, Ortigas-Cainta, Novaliches, Fairview, Naga, and Global City.
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