Maniolas

MANILA, Philippines – The Clark International Airport Corp. (CIAC) is set to present to the National Economic and Development Authority (NEDA) the master plan for the aerotropolis and the feasibility study for the proposed P7.2-billion low cost carrier (LCC) terminal in Pampanga. Transportation Secretary Joseph Emilio Abaya said the master plan and feasibility study prepared by Aeroports de Paris (ADP) of France would be presented to the NEDA-Investment Coordination Committee next month. “ADP presented its concept design for a new LCC terminal to DOTC and CIAC officials last month, and CIAC is now scheduled to present this proposal to the NEDA-ICC in August,” Abaya said. According to Abaya, the P417-million improvement project of the existing passenger terminal building at the Clark International Airport was completed last May raising the annual passenger capacity from 2.5 million to four million. The project increased the size of the building to 19,799 square meters from 11,439 square meters. Likewise, the number of check-in counters was also increased to 34 from 13 with the addition of 12 departure counters and five arrival counters to accommodate more passengers and ease queuing. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The modernized portion of the terminal itself has eight entry points and three customs stations allowing the international airport to accommodate more international flights from Qatar Airways and Emirates. On the other hand, Abaya said the proposed new budget terminal would further boost the capacity of the international airport to between eight and 16 million passengers Read More …

MANILA, Philippines – The aerospace and electric vehicle industries aim to grow their revenues and sales in the long-term under their respective roadmaps. According to the Department of Trade and Industry (DTI), the Aerospace Industries Association of the Philippines (AIAP) and the Electric Vehicle Association of the Philippines (EVAP) are set to present their respective industry roadmaps on Thursday. Under the aerospace manufacturing industry roadmap, the AIAP is proposing a long-term of goal of “establishing the country as an aerospace manufacturing hub in ASEAN (Association of Southeast Asian Nations).” As the AIAP aims to make the country a manufacturing hub in the region, it is also targeting to increase its revenues to $1.429 billion by 2022 from the estimated $385 million in 2013. The AIAP also wants to increase its employment by generating 8,300 direct jobs by 2022 from the 2,200 jobs it offered last year. The industry plans to build international capability and expand markets with government support. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The local aerospace industry dates back to 1941, when flag carrier Philippine Airlines marked its first flight, making the country one of the pioneers in the aviation industry in Asia. The industry has then expanded into aerospace parts manufacturing. At present there are three key players in aerospace manufacturing present in the country they are: MOOG Controls Corp., B/E Aerospace and Jamco Aerospace Inc. Meanwhile, the EVAP intends to promote the use of EVs for eco-friendly and efficient transport in the country. Read More …

THE COUNTRY’S external payments position is expected to improve in the coming months even as another deficit was recorded in June — widening the year-to-date gap — on the back of more capital inflows, robust remittances and strong exports, the Bangko Sentral ng Pilipinas (BSP) said.

DAVAO CITY — The Mindanao Development Authority (MinDA) wants municipal governments on the island to firm up their respective investment codes to serve as basis for identifying priority ventures that the agency can match with prospective private investors, a spokesman of the agency said in a recent statement.

THE BUREAU of Internal Revenue (BIR) yesterday sued the country’s exclusive distributor of Kopiko products, and several other businesses, for allegedly evading billions of pesos worth of taxes.