Tag: sctex
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Gov’t mulls sale of stake in SCTEx
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THE DEPARTMENT of Finance (DoF) is looking to sell the government’s stake in the Subic-Clark-Tarlac Expressway (SCTEx), possibly to state pension funds, in order to boost revenues, Finance Secretary Ralph G. Recto said. “We’re looking at selling those shares. Maybe the Social Security System (SSS) and Government Service Insurance System…
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Possible SCTEx stake seen to strengthen MPTC’s planned IPO
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THE offer from the Pangilinan-led Metro Pacific Tollways Corp. (MPTC) to acquire the government’s stake in the Subic-Clark-Tarlac Expressway (SCTEx) may help attract more investors to the company’s planned merger with San Miguel Corp. (SMC), analysts said. “SCTEx is an attractive infrastructure asset, especially given the development in the areas…