Businessmirror december 16, 2017

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A broader look at today’s business

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Saturday, December 16, 2017 Vol. 13 No. 66

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TRANSCO STARTS PROCESS OF TRANSFORMATION INTO A TELECOMMUNICATIONS SERVICES PROVIDER

PAVING THE WAY FOR THE

RODJULIAN | DREAMSTIME

THIRD TELCO PLAYER

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By Lenie Lectura

RESIDENT Duterte’s policy pronouncement of breaking the duopoly in the telco industry via the entry of a Chinese third player has moved every stakeholder concerned.

The National Transmission Corp. (Transco), for instance, has started gathering support for its plan to include telecommunications services in its charter, so it could partner with the third player. “I already forwarded to the secretary of the Department of Energy [DOE] and to our board my position paper to convert Transco from utility company to a utility

telco,” Transco President lawyer Melvin Matibag said. The DOE, for its part, said it would support Transco’s plan. “It is good to provide consumers more choices,” Energy Secretary Alfonso G. Cusi said. Transco was created under Republic Act (RA) 9136, or the Electric Power Industry Reform Act (Epira) of 2001.

Since March 1, 2003, Transco operated and managed the powertransmission system that links power plants to the electric-distribution utilities nationwide. The same law mandated the privatization of Transco through an outright sale or management concession agreement.

Precious assets

FOLLOWING a public bidding

conducted in December 2007, the Transco concession was awarded to the National Grid Corp. of the Philippines (NGCP), which eventually secured a congressional franchise to operate the transmission network through RA 9511. Transco turned over the management and operation of its nationwide transmission system to Continued on A2

PHL’s airport of the future must be built now

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By Roger Pe

IX (at one point, seven) of the world’s 10 best airports are in Asia, and the first three are also in the region. What do all of them have in common? They are destinations by themselves, almost entirely resembling resorts, built by architects and engineers with impeccable design, efficiency and utmost passenger comfort in mind.

PESO EXCHANGE RATES n US 50.3980

They were intended to give more, not just what any people would probably think what a normal airport is—duty-free shopping, departure lounges, boarding gates, nothing more. But there’s more. Singapore’s Changi Airport, as everyone knows, is an attraction by itself. It is an airport that you don’t mind getting marooned for hours, or days, because you will never run

out of things to do in this “resort” of an airport. From the time it was opened in 1981, it now serves over 24 million passengers a year with a wider selection of shopping, dining and relaxation choices, designed to give passengers the best airport experience of their traveling time. Bottom line is, it has not exceeded its terminal handling capacity and

keeps rolling with the times. After a revamp in 1991, it added Terminal 2 and has become a nonstop entertainment hub. No wonder, it’s been consistently named Asia’s best airport, and then, as world’s best. In 2008 it launched Terminal 3 and positioned itself as a “Green Terminal,” with natural skylight and attractions you would never expect to see in an airport. Imag-

ine butterfly, fern, sunflower, cactus and orchid gardens featuring over 200 varieties of foliage and butterfly species, making you feel invigorated even if you are in the middle of a busy airport. This year Changi opened Terminal 4 and brought a whole new world of innovations that redefined people’s travel experience, See “Airport,” A2

n JAPAN 0.4490 n UK 67.6946 n HK .4550 n CHINA 7.6251 n SINGAPORE 37.4651 n AUSTRALIA 38.6553 n EU 59.4192 n SAUDI ARABIA 13.4395

Source: BSP (15 December 2017 )


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