5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Marcos dares Caticlan contractors to complete terminal in 18 months

by
July 14, 2025
in Stock
0
Marcos dares Caticlan contractors to complete terminal in 18 months
OFFICIAL FACEBOOK PAGE OF THE DEPARTMENT OF TRANSPORTATION

PRESIDENT Ferdinand R. Marcos, Jr., proposed an 18-month accelerated timeline for completing the new passenger terminal at Caticlan airport in Aklan province, instead of the contracted 24 months.

At the groundbreaking ceremony for the new terminal at Caticlan Airport, the gateway for most visitors to the resort island of  Boracay, Mr. Marcos described the new terminal as part of a plan to put the Philippines on the world tourism map.

“Tourism right now contributes close to 8% to our gross domestic product (GDP), and that is something we want to increase,” he was quoted as saying in a transcript of his speech provided by his staff.

The new terminal, valued at P2.5 billion, is a partnership between San Miguel Corp. and Megawide Construction Corp.

“It is already in my schedule — (in) 24 months, I am coming to cut the ribbon,” he said. “Kung puwede mong gawing 18 (If you can make it 18), I won’t complain.”

He added: “Masarap kausap ’tong Megawide… hindi sila umaatras sa challenge (It’s good to be dealing with Megawide; it doesn’t back down from a challenge).

Mr. Marcos said improvements are planned for airports like Iloilo, Bohol and Siargao, giving them the capacity to receive direct international flights, which he said will do away with the need for visitors to stop at Metro Manila’s crowded gateway.

“The idea is to open up the Philippines, not necessarily only through Manila, but on international flights coming from Europe and Southeast Asia, (going) directly to the tourist destinations,” he added.

The local government tourism office estimated the number of visitors to Boracay at nearly 2.1 million tourists in 2024.

Designed to accommodate up to seven million passengers annually, the new terminal will replace the current facility and enhance the travel experience for visitors to Boracay and the rest of the Western Visayas.

The contractors propose to build a main terminal and support buildings measuring 36,470 square-meters, state-of-the-art check-in counters, upgraded baggage systems, streamlined security screening areas, and eight passenger boarding gates.

“We are slowly putting together the building blocks of our policy of opening up our tourist areas… to international travelers without having to go through the Manila Airport,” Mr. Marcos said. — Chloe Mari A. Hufana

Previous Post

Real estate prospects clouded by new US tax on remittances

Next Post

Heatwaves take toll on UK economy as small businesses feel the burn

Next Post
Heatwaves take toll on UK economy as small businesses feel the burn

Heatwaves take toll on UK economy as small businesses feel the burn

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    How The Canadian Academy of Osteopathy Is Reshaping Osteopathic Education

    How The Canadian Academy of Osteopathy Is Reshaping Osteopathic Education

    July 14, 2025
    30 manufacturing projects in the works

    30 manufacturing projects in the works

    July 14, 2025
    PHL banks fail to meet MSME lending quota in Q1

    PHL banks fail to meet MSME lending quota in Q1

    July 14, 2025
    Experts say Philippines now ‘back on the radar’ of Taiwanese firms

    Experts say Philippines now ‘back on the radar’ of Taiwanese firms

    July 14, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.