4.3K people evacuated as ‘Gener’ causes floods in Bicol

Over 4,000 people have been evacuated in Albay and Camarines Sur as heavy rains spawned by Tropical Depression Gener and “habagat” or southwest monsoon inundated villages, the Office of Civil Defense in Bicol (OCD-5) said Tuesday. Aside from the two provinces, Sorsogon and Camarines Norte also reported flooding incidents, the agency said. In an interview,…

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P30-B upfront payment on NAIA deal bolsters gov’t revenues

Manila: The PHP30-billion upfront payment from San Miguel Corporation-led New NAIA Infra Corp. (NNIC) for the Ninoy Aquino International Airport (NAIA) public-private partnership (PPP) project will boost the government’s non-tax revenue stream, Finance Secretary Ralph Recto said Tuesday. In March, San Miguel released the PHP30 billion upfront payment for the NAIA project. Recto said the…

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