Defining the News
NLEX Corp. said over the weekend its net income rose 28 percent in the first quarter of 2024, driven by traffic recovery and higher toll.
Bases Conversion and Development Authority’s revenue share rose 17 percent to P573 million, pertaining to fees paid to the state-run corporation and representing 50 percent of toll revenues in SCTEX.
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BCDA willing to sell SCTEX stake to NLEX Corp.THE Bases Conversion and Development Authority (BCDA) said on Friday that it is willing to sell the government's stake in the Subic-Clark-Tarlac Expressway (SCTEX) to Pangilinan-led NLEX Corp. at the right price.
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