No Wonder

NOY Aquino has just signed a law providing for TAX EXEMPTIONS for Airline Carriers. This law was just recently signed in Davao City.

GUESS WHAT?

SI DANDING, LUCIO TAN, TONYBOY COJUANGCO, ABS CBN LOPEZES AT SI RAMON ANG NA NAMAN ANG MAKIKINABANG NG PRIVILEGE NA ITO!

READ ON...FROM MANILA STANDARD

San Miguel puts off $6-b airport project

By Lailany P. Gomez | Posted on Mar. 07, 2013 at 12:02am | 1,203 views

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San Miguel Corp. said Wednesday it pushed back a plan to build its own $6-billion airport project amid the government’s policy of prohibiting airline operators from engaging in airport management.

The conglomerate earlier announced it would build its own airport, in partnership with the Lucio Tan group, to address the requirements of both PAL and its low-cost carrier AirPhil Express.

“We were supposed to present our proposal to President [Aquino] in January to ask his permission to build our own airport. However, sometime in Nov. or Dec., the [Transportation Department] came out with new rules banning airline operators to join in the bidding for the Mactan-Cebu airport project. Because of this decision, we have to look into the government’s policy to avoid conflict. They might disapprove our proposal since we have a stake in PAL,” Ramon Ang, SMC president, told reporters.

Ang was referring to the terms of the Mactan-Cebu project, which stated that airline companies and entities with any relationship with an airline company may own up to a maximum of 33 percent of the shares in the winning bidder’s special purpose company, as long as no airline company is directly involved in operations.

“It seems to me that the new policy prohibits airline operators to operate or manage an airport. That’s the implication of the new rules,” Ang said.

He earlier said San Miguel and the Lucio Tan Group were jointly evaluating the possibility of constructing an airport that would address the airline’s requirements and serve as the country’s main gateway.

Ang had said the planned new international airport would be financed by San Miguel and Lucio Tan, the major shareholders of PAL.

The proposed airport will be built in a 2,000- hectare property in a still undisclosed location. It will have four runways that can accommodate simultaneous takeoff and landing.

Ang added that San Miguel and PAL had discussed with Korean contractors to finish the project in three years.

“I’m just waiting for all their cards to be on the table so we can address whatever concerns they have. After that, then it’s time for us to go to the national government and present our proposal. I’m still hopeful this project will push through,” Ang said.

NOY AQUINO FAVORS HIS FRIENDS MORE THAN ANY OF US REGULAR AND PROFESSIONAL, HARDWORKING PEOPLE OF THIS COUNTRY.

IKAW? PAPAYAG KA NA LANG BA NG GANITO?

LET'S SPREAD THE WORD. LET'S SUPPORT A NATIONAL PROTEST AGAINST THIS SELFISH AND ELITE, IDIOTIC SON OF A BITCH!!!