News Flash

August 29, 2015, Saturday
  • Reward money for the arrest of the killer of Philippine eagle ‘Pamana’ rises to P 600K. 2 minutes ago |
  • PAGASA monitors a low pressure area (LPA) 175 km. east of Borongan, Samar. 3 minutes ago |
  • Traffic slow moving from Ortigas Avenue until Shaw Boulevard in Mandaluyong City. 3 minutes ago |
  • DILG Sec. Mar Roxas & Mandaluyong City Mayor Benjamin Abalos hold meeting in Camp Crame to discuss the INC rally at EDSA. 25 minutes ago |
  • Mandaluyong city gov’t PIO Jimmy Isidro says a permit was issued for INC’s rally to ‘contain’ the protest at Crossing & ease traffic. 25 minutes ago |
  • Mandaluyong city government gives INC permission to hold their rally at EDSA-Shaw until Sunday. 26 minutes ago |
  • INC Spokesman Edwil Zabala expects the crowd at EDSA will surge on Sunday afternoon. 44 minutes ago |
  • EDSA-Shaw underpass open to motorists on Saturday morning although traffic along the southbound lane is slow. about 1 hour ago |
  • INC members plan to stay at EDSA until Monday although they need to secure permit to do this. about 1 hour ago |
  • Both northbound and southbound service roads of EDSA-Shaw Boulevard are impassable on Saturday morning due to INC’s rally. about 1 hour ago |
  • Classes at U.P. Manila’s College of Arts and Sciences cancelled on Friday afternoon due to INC rally along Padre Faura St. 18 hours ago |
  • Rains in the area of Padre Faura St. in Manila fail to dampen the spirit of INC members who are protesting at DOJ. 18 hours ago |
  • CBCP says government should not underestimate the message of ‘no remittance day.’ 18 hours ago |
  • Construction of LRT 2 Masinag Extension to begin on Sept. 26. 18 hours ago |
  • Body of a missing seaman found in Tagaytay. 18 hours ago |
  • Palace calls for sobriety as more INC members troop to Padre Faura in Manila to join vigil in front of DOJ. 18 hours ago |
  • PNP’s estimate of INC members gathered in front of DOJ in Padre Faura St. in Manila is 4,000. 18 hours ago |
  • Justice Secretary Leila de Lima not yet seen at DOJ premises as of Friday afternoon. 20 hours ago |
  • Schedule of hearing on libel case filed by Makati Mayor Binay vs. Sen. Trillanes among those postponed on Friday due to INC rally at DOJ. 20 hours ago |
  • INC rally in front of DOJ has prompted the postponement of some hearings in the department. 20 hours ago |
  • Sen. Trillanes says he is ready to face any complaint at Senate Ethics Cmte. with regard to his hiring of over 40 consultants. 20 hours ago |
  • 10 members of the Philippine Marines injured in a battle with about 300 ASG bandits in Patikul, Sulu on Friday morning. 20 hours ago |
  • Radio broadcaster Cosme Diez Maestrado killed in an ambush in Misamis Occidental. 20 hours ago |
  • Anthony Taberna’s wife Rossel says it is ‘business as usual’ in their QC coffee shop after it was fired upon by gunmen. 20 hours ago |
  • Anthony Taberna’s wife Rossel thanks those who are concerned for them after the shooting incident in their QC coffee shop. 20 hours ago |
  • Migrante International says OFWs in Hong Kong, Saudi Arabia & Italy are joining the ‘zero remittance day’ on Friday. 20 hours ago |
  • Migrante International leads a rally at Mendiola in Manila as part of their ‘zero remittance day’ protest. 20 hours ago |
  • OFW Amie Emuslan who has been in comatose in UAE for 4 years finally brought back home. 20 hours ago |
  • Pres. Aquino tells visiting Thai PM that Filipinos are offering their condolences to the Thai people who are Filipinos’ brothers. 20 hours ago |
  • Thai PM Gen. Prayut Chan-o-cha expresses sympathy for the Filipino who sustained injury in her hearing during the Aug. 17 Bangkok blast. 20 hours ago |
  • Thai PM who is visiting PH says situation in Thailand now under control since the Aug. 17 Bangkok blast that killed 20 persons. 20 hours ago |
  • Gunmen shot and killed a Chinese tourist who was on board a taxi in Vito Cruz, Manila. 23 hours ago |
  • Anthony Taberna says cops are looking at his job as a media man as possible motive behind the shooting incident at his coffee shop. 23 hours ago |
  • 2 men seen on CCTV firing at the coffee shop of ABS-CBN broadcaster Anthony Taberna in Visayas Ave., QC. 23 hours ago |
  • Padre Faura St. in Manila still closed to traffic on Friday morning due to INC rally in front of DOJ. 23 hours ago |
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Citra-SMC deal questioned

By Jenniffer B. Austria | Feb. 15, 2013 at 12:02am
An official of Citra Marga Nusaphla Persado Tbk of Indonesia on Thursday called for an investigation on the sale of its Philippine tollway unit that operates the 15-kilometer Skyway project to San Miguel Corp.

Citra Marga president Jufus Hamka said in a teleconference the company wanted an investigation because it received only $3.25 million from the sale of a 21-percent stake in Citra Metro Manila Tollways Corp., although the value of the transaction was reportedly worth $150 million to $200 million.

“We suspect that there is something wrong with [it] so we want to have an investigation,” he said.  Citra Marga is a private toll road operator in Indonesia controlled by the Citra Group.

Hamka said not all shareholders were agreeable to the share sale and some were not even aware of the transaction.  He said the company would hire international lawyers to ask the Philippine government to conduct an investigation into the transaction.

The Skyway project is a six-lane, elevated expressway built above the South Luzon Expressway.

San Miguel Corp. reported in December 2011 that its unit San Miguel Holdings Inc. accepted the invitation of the Citra Group to acquire 46 percent of Atlantic Aurum Inc., the corporate vehicle of the Citra that has a controlling equity interest in Citra Metro Manila Corp.

San Miguel was also given the option to acquire up to 51 percent of Atlantic Aurum at a later date.  The board of San Miguel then approved the investment in the Skyway project.

Citra is a leading Indonesian infrastructure company whose core business includes expressway development and toll road operations.

San Miguel and Citra also have stakes in South Luzon Tollway Corp. and Manila Toll Expressway Systems Inc., which hold the concession to construct, operate and maintain the 36-kilometer South Luzon Expressway.
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