Metro Pacific Tollways sees revenue contribution of mobility solutions unit doubling in 3 to 5 years

MPT Mobility expects to account for 10 percent of parent Metro Pacific Investment Corp.’s total revenues in the next three to five years.

“Right now, MPT Mobility is contributing less than five percent of the revenues of the entire MPTC. With the investment that we are making, our goal is to raise that contribution to around 10 percent in three to five years,” said MPTC president and CEO Rodrigo E. Franco.

“It’s not easy considering that the expressway business is also growing rapidly. We’ve invested over P100 billion in expressways. Obviously, we expect our expressway revenues to grow exponentially, but MPT Mobility has to step up and grow their revenues,” he added.

MPT Mobility has eight operating units under its fold: Dibz, On-Us Solutions, Inc. (Byahe), Spot On, Easytrip Services Corporation, MPT DriveHub, Savvice Corporation, NLEX Drive and Dine, and Onehub.

“MPT Mobility enables Filipinos to travel with more ease and enjoyment through its efficient, effective, and modern mobility solutions. “MPT Mobility plays a vital role in improving Filipinos’ travel experience with technology-driven products and services,” Franco said.

NLEX Drive and Dine is alloting P8 billion for the construction of eight new buildings in the next three to four years. It is the top Motorists Toll Service Facility along NLEX with an average daily foot traffic count of over 23,000, as well as an average daily vehicle count of over 7,000 on regular days and over 10,000 during peak seasons.

Byahe CEO Laurence Bahia, meanwhile, plans to acquire 500 more units of modern and electric jeepneys in the next five years. It currently operates 30 environment-friendly, Euro-4 compliant jeepneys across seven routes within Metro Manila, Pampanga, and Nueva Ecija.

Dibz, a parking solution app that addresses parking difficulties in the metro and allows a convenient, hassle-free experience for motorists, will expand its presence in Metro Manila.

Maynilad fined P9.26M over water service interruptions

West zone concessionaire Maynilad Water Services Inc. of Manuel V. Pangilinan-led Metro Pacific Investments Corp., has been fined P9.26 million by the Metropolitan Waterworks and Sewerage System (MWSS) for prolonged water service interruptions.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.