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  Sandiganbayan affirms conviction of ex-PNCC official  
  By Czarina Nicole Ong Ki (Manila Bulletin) | March 24, 2021| 10:20am  
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.

  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  
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.
The court said that Gaston's arguments in his motion have already been "thoroughly discussed and adequately considered" in its decision.

"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.

  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. 
  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.    
  Gaston was also ordered to pay a fine of P240,000 and to indemnify the PNCC of P39.62 million.  
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.  

  By Arjay L. Balinbin (Business World) | August 6, 2020 | 12:01am  
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.
“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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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.
    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 >>>   
    Trading on PNCC common shares remain suspended  
    By Emeterio SD Perez (The Manila Times) | May 13, 2020  
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.
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%.
    >> Read related articles: MB Trading on PNCC common shares remain suspended    
    Duterte's men on PNCC Board    
    By Emeterio SD Perez | The Manila Times | July 11, 2018    
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).
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.
    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    
    >> Read more >>>    
    San Miguel, PNCC in P554B expansion of expressways | May 1, 2017    
    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.    
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 >>>  
    >> Read related articles:San Miguel inks P554-B deal for toll road expansion    
    SC upholds gov't bid to tap private firm for Skyway Stage 1 toll operations    
By Tetch Torres-Tupas ( | 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).
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 >>>
    Purisima hits court's ruling    
    By Jennifer Ambanta ( | 12:01 am | June 03, 2014    
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.
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.
 "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.
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,
 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."
    SC stops Makati court from withholding toll remittances to gov't    
    By Zinnia B. Dela Pena (The Philippine Star ) | 12:00 am | August 17, 2014    

 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.

    MPTC, PNCC finalize toll road tie-up    
    By Lenie Lectura ( | January. 19, 2014    

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.