NLEx secures P10B loan from Chinabank to expand operations


The operator of North Luzon Expressway (NLEx) obtained a P10-billion credit line from China Banking Corp. to expand its tollway operations and pay off obligations. In a statement on Thursday, NLEx Corp.—a subsidiary of Metro Pacific Tollways Corp. (MPTC)—said it had entered into a 10-year term loan facility agreement with the Sy-led bank. “The loan proceeds will fund NLEX Corporation’s capital expenditure program and refinance its maturing debt. This will help us accomplish our targets – to provide better infrastructure and improve the travel experience of our motorists,” MPTC president and CEO Rogelio Singson said. READ: Chinabank bottom line rises […]…

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Marcos signs 2 laws that define PH maritime zones based on UNCLOS


MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. on Friday signed the Philippine Maritime Zones Act and the Philippine Archipelagic Sea Lanes Act. To be known as Republic Act (RA) No. 12064, the Philippine Maritime Zones Act aims to declare the country’s maritime zones in accordance with the standards set by the United Nations Convention on the Law of the Sea (UNCLOS). READ: PH Maritime Zones Act OKd, now up for Marcos signature – Tolentino It will also clarify the geographical extent of the Philippine maritime domain and specify the legal powers that the Philippines may exercise over these areas. Meanwhile, […]…

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Studio Ghibli Weekend organizers call out resellers of free tickets


Studio Ghibli Weekend organizers urged attendees of the event not to resell their tickets as several listings of supposedly free cinema passes are being sold. On November 4, 2024, The Japan Foundation, Manila, opened online ticket selling for the Studio Ghibli Weekend — a free screening of six Studio Ghibli films at Shangri-La Plaza in Mandaluyong City. During the ticket selling, the website crashed due to the high volume of purchasers, and after the website was restored, many saw that tickets were already sold out, some also saw listings selling the free tickets. The organizers issued a statement saying that […]…

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