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Sandiganbayan
affirms conviction of ex-PNCC official |
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By
Czarina Nicole Ong Ki (Manila Bulletin)
| March 24, 2021| 10:20am |
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The
Sandiganbayan has affirmed its decision that convicted
a former official of the government-owned Philippine
National Construction Corporation (PNCC) of failure
to render accounts or liquidate P39.62 million from
2006 to 2010.
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Affirmed
was the Nov. 27, 2020 conviction of then PNCC Senior Vice
President Segundo Gaston who was sentenced to life in
prison. He was also ordered to indemnify the PNCC
for P39.62 million and to pay a fine of P240,000.00 |
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Gaston's motion for
reconsideration, which claimed denial of due process
and failure of prosecution to establish his guilt, was
turned down by the anti-graft court in its Feb. 11,
2021 resolution written by Associate Justice Bernelito
R. Fernandez with the concurrence of Presiding Justice
Amparo M. Cabotaje-Tang and Associate Justice Ronald
B. Moreno. |
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The
court said that Gaston's arguments in his motion have
already been "thoroughly discussed and adequately
considered" in its decision.
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"After revisiting the records of these
cases, the Court is fully satisfied that due process was
accorded accused-movant Gaston and carefully observed
throughout the proceedings," the court stressed. |
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By
Elizabeth Marcelo (The Philippine
Star) | December 1, 2020 | 12:00am |
|
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MANILA,
Philippines - The Sandiganbayan has sentenced a former
official of the government-owned Philippine National
Construction Corp. (PNCC) to life in prison for failure
to liquidate P39.62 million in cash advances from 2006
to 2010. |
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In
a 34-page decision promulgated on Nov. 27, the anti-graft
court's Third Division found Segundo Gaston, former PNCC
senior vice president, guilty pf violating Article 218
of the Revised Penal Code. |
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Gaston
was also ordered to pay a fine of P240,000 and to indemnify
the PNCC of P39.62 million. |
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Filed
by the Office of the Ombudsman in 2017, the cases stemmed
from Gaston's unliquidated cash advances from 2006 to
2010 supposedly for the processing of the PNCC's application
for extension of its franchise to operate the South
Luzon Expressway, which expired on April 30, 2007.
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By
Arjay L. Balinbin (Business World)
| August 6, 2020 | 12:01am |
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THE Transportation
department on Tuesday said the joint venture of the
Philippine National Construction Corp. (PNCC)
and San Miguel Holdings Corp. (SMHC) is
in talks with the the government for the construction
of the South Luzon Expressway Toll Road 5 and the Pasig
River Expressway.
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“In a TRB
(Toll Regulatory Board) resolution dated 29 June 2020,
the two road projects were declared as toll roads
upon the request of, and based on the proposal submitted
by the joint venture of PNCC and SMHC,” the
Department of Transportation (DoTr) said in a statement.
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Do
you have any comments or suggestions that may help us
improve our services? |
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It
said the PNCC-SMHC joint venture is in discussions with
officials from the technical working group of the TRB,
composed of DoTr, Department of Public Works and Highways,
Department of Finance, National Economic and Development
Authority, and representatives from the private sector.
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The
four-lane South Luzon Expressway Toll Road 5 will start
from Barangay Mayao, Lucena City in Quezon, and end in
Matnog, Sorsogon, near the Matnog Ferry Terminal. Read
more >>>
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Trading
on PNCC common shares remain suspended |
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By
Emeterio SD Perez (The Manila Times)
| May 13, 2020 |
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Philippine
National Construction Corp. (PNCC) reported 174,444,759
outstanding common shares on the PSE website. It
has 75 million listed common shares of the construction
company's outstanding. |
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The
PO listed PNCC's three principal stockholders, also
called substantial, as holders of 152,542,153 common
shares, or 87.444 percent of 174,444,759 outstanding
common shares. They and their holdings were as follows:
Government Service Insurance Systems (GSIS), 47,490,383
common shares, or 27.224 percent; Republic of the Philippine
through Asset Privatiozation Trust, 79,271,024 common
shares, or 45.442 percent; and privately-owned Universal
Holdings Corp., 24,780,746 common shares, or 14.205
percent. The public held 22,902,172 PNCC common shares,
or 13.129%. |
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>>
Read related articles:
MB
Trading on PNCC common shares remain suspended |
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Duterte's
men on PNCC Board |
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By
Emeterio SD Perez | The Manila Times | July 11, 2018 |
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As
a listed company, Philippine National Construction Corp.
(PNCC), formerly Construction Development Construction
Corp., is controlled by the government through the Asset
Privatization Trust (APT) and the Government Service
Insurance System (GSIS). |
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In
a public ownership report (POR), PNCC listed APT and
GSIS with combined holdings of 126.761 million common
shares, or 72.666 percent of 174,445 million outstanding
common shares. |
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The ownership
of the government through GSIS and APT has not changed.
This remains the same as in a 2016 PNCC filing with
APT holding 79.271 million PNCC common shares, or 45.442
percent. On the other hand, GSIS owned 47.49 million
PNCC common shares, or 27.224 percent |
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>>
Read more >>> |
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San
Miguel, PNCC in P554B expansion of expressways |
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www.portcalls.com)
| May 1, 2017 |
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Conglomerate
San Miguel Corp.'s (SMC) infrastructure and toll road
investments arm, San Miguel Holdings Corp. (SMHC), and
state-run Philippine National Construction Corp. (PNCC)
have agreed to undertake infrastructure project worth
P554 billion. |
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In
a recent regulatory disclosure, SMC said the agreement
includes expansion of Metro Manila Skyway Stages 3 and
4, the Tanauan-Tagaytay Expressway or Sky 8, Toll Road
5 (which extends the South Luzon Expressway from the
end of Toll Road 4 in Pagbilao, Quezon to Matnog, Sorsogon),
Sky 7 (connecting Taguig to Commonwealth Ave. in Quezon
City), Buendia Interchange and ramp extension to Macapagal
Bolevard; and Sky 9 (Pasig River alignment) including
ramps to Buendia, Pioneer, and Bonifacio Global City.
Read
more >>> |
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>>
Read related articles:San
Miguel inks P554-B deal for toll road expansion |
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SC
upholds gov't bid to tap private firm for Skyway Stage
1 toll operations |
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| By
Tetch Torres-Tupas (INQUIRER.net)
| March 17, 2015 | 04:28 PM |
| MANILA,
Philippines—The Supreme Court upheld the constitutionality
of the government’s move in 2007 in tapping a private
firm for the operation and maintenance of Stage 1 of the
South Metro Manila Skyway. |
| In a 28-page
decision released Tuesday written by Chief Justice Maria
Lourdes Sereno, the high court’s First Division
dismissed the petition filed by losing senatorial bet
Ana Theresia “Risa” Hontiveros-Baraquel, Alliance
of Progressive Labor, Bukluran ng Mangagawang Pilipino
(BMP), Lahing Pilipino Multi-Purpose Transport Servvice
Cooperative, PSC Employees Union (PSCEU) and PNCC Traffic
Management and Security Department Workers Organization
(PTMSDWO). |
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Petitioners
sought the annulment of the Amendment to the Supplemental
Toll Operation Agreement (ASTOA) between the Philippines,
the Philippine National Construction Corporation (PNCC),
and Citra Metro Manila Tollways Corporation (CITRA)
and its approval by the Secretary of Transportation
and Communications; the Memorandum of Agreement (MOA)
between PNCC, PNCC Skyway Corporation (PSC) and CITRA;
and the Toll Operation Certificate issued by the Toll
Regulatory Board in favor of SOMCO for the operations
and maintenance responsibilities over the Skyway toll
facilities. Read
more >>> |
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Purisima
hits court's ruling |
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By
Jennifer
Ambanta (Manilastandardtoday.com)
| 12:01 am | June 03, 2014 |
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Finance
Secretary Cesar Purisima on Monday denounced the decision
of the Makati regional trial court directing toll road
companies to remit their collection to Philippine National
Construction Corp., instead of the national government. |
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Makati
RTC Judge Rommel Baybay issued a writ of preliminary
injunction on May 9, 2014, directing Manila North Tollways
Corp., Citra Metro Manila Tolways Corp., South Luzon
Tollways Corp. and Maila Toll Expressway Systems Inc.
"to forward the entire amounts to be remitted by
them" under their respective supplemental toll
operation agreements to PNCC. |
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"The
Baybay injunction order provokes the public to question
the integrity of our courts. I am appalled that Judge
Baybay has the gall to contradict the decisions of the
Supreme Court on these issues," Purisima said. |
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Purisima
said the injunction probihited the implementation of
the interim rules and guidelines created by the Toll
Regulatory Board and the Commission on Audit and contradicted
earlier decision of the Supreme Court, |
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The
interim rules and guidelines, issued in 2012, set the
formula for the net income remittable by PNCC to the
national government. The Supreme Court ruled that after
the expiration of PNCC's franchise, the toll fees collected
by PNCC are public funds that "are merely held
in trust by PNCC for the national government."
PNCC's franchise expired on May 1, 2007." |
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SC
stops Makati court from withholding toll remittances to
gov't |
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By
Zinnia
B. Dela Pena (The
Philippine Star ) | 12:00
am | August 17, 2014 |
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MANILA,
Philippines - The Supreme Court stopped the Makati regional
Trial Court from implementing an order that probihited
the implementation of the Interim Rules and Guidelines
created by the Toll Regulatory Board (TRB) and the Commission
on Audit (COA).
The
Makati court ruling specifically directed private toll
road operators to remit collections to the Philippine
National Construction Corp., as provided under their
respective Supplemental Toll Operation Agreements (STOA).
Issued
in 2012, the Interim Rules and Guidelines set the formula
for the net income remittable by PNCC through the joint
venture companies to the government.
These
toll road companies include the Manila North Tollways
Corp. (MNTC), Citra Metro Manila Tollways Corp. (CMMTC),
South Luzon Tollways Corp. (SLTC) and Manila Toll Expressway
Systems Inc. (MATES).
The
lower court's injunction order was in response to a
case filed by businessman Rodolfo Cuenca, an associate
of the late president Ferdinand Marcos and PNCC shareholder,
in August last year against the private toll road operators.
The
Supreme Court said the issuance of a temporary restraining
order was necessary to protect the government from grave
abd irreparable damage.
According
to the Supreme Court, the ruling deprives the government
income based on government's direct wnership of the
said assets.
In
2009, the Sc ruled that PNCC's toll assets and facilities,
including the net income derived from these toll assets
and its share in various joint venture agreements were
automatically turned over to the government upon the
expiration of PNCC's franchise on May 1, 2007.
The
Supreme Court then directed the Toll Regulatory Board
and the Commission on Audit to finalize the implementing
rules and guidelines for determining the net income
remittable by PNCC to the government.
Last
year, the Bureau of Treasury collected almost P800 million
worth of remittances from MNTC, SLTC and CMMTC.
MNTC
operates the North Luzon Expressway, while CMMTC operates
the Skyway, SLTC and MATES operates South Luzon Expressway.
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MPTC,
PNCC finalize toll road tie-up |
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By
Lenie
Lectura (www.businessmirror.com.ph) | January. 19, 2014 |
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METRO
Pacific Tollways Corp. (MPTC) and Philippine National
Construction Co. (PNCC) will sign an agreement on Tuesday
to formally seal their partnership for a road project
that will link the north and south portions of Metro
Manila.
MPTC
President Ramoncito Fernandez said in a text message
that a signing ceremony for the joint-venture agreement
will take place.
He,
however, pointed out that the Toll Regulatory Board
has yet to issue an amended supplemental toll agreement.
"That is the next step," Fernandez said.
MPTC,
the toll road unit of Metro Pacific Investments Corp.
(MPIC), submitted an unsolicited proposal to construct
a 13.2-kilometer, four-lane elevated expressway that
will link North Luzon Expressway (NLEX) and South Luzon
Expressway (SLEX) through a connector road. Since the
proposal was unsolicited, it was supposed to undergo
a Swiss challenge, which means the government would
have to entertain other proposals from interested parties
and conduct a bidding.
However,
the government decided that MPTC and PNCC, which owns
the franchise for both the NLEX and SLEX, form a joint
venture instead, saying it will be faster to implement
the project with less legal implications. |
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