MIASCOR, Customs, Telco, PMPHI, Oil Price

1. MIAA (Manila International Airport Authority) ordered MIASCOR to leave the premises of the Ninoy Aquino International Airport within 60 days since its contract will no longer be renewed.

Notes: MIASCOR provides aviation services such as ground handling, catering, logistics, aircraft maintenance, etc. They are the subsidiaries of Citadel Group, owned by Delgado Family, which also has interest in IT&E, Isla Petroleum & Energy and Isla Petroleum & Gas Corporation.

Notes: Is it a good news to MAC? The price already surged...hmm. Maybe MIAA will secure another service provider, I think.

2. BOC chief, Lapeña now requires all applications for accreditation, suspension, revocation, cancellation, and reactivation of importers’ and customs brokers’ accreditation to pass through his office.

Now: Will he be successful with the anti-corruption driver in BOC? I believe that's the trend.

3. DICT released the guidelines on the selection of the third telco player. 

a) the applicant with the highest committed investment for the first five years shall be selected. It must have the capacity to invest at least P350 billion.
b) The applicant must also have a valid Congressional telecommunications franchise, not a subsidiary or affiliate of Globe and PLDT Group.

Notes: As of now, maximum foreign equity is 40%. Pressure on GLO and TEL. They are still investing almost 50 billion in a year...it won't be just 350 billion...even after investment, how big pie they can secure? The third player can initiate chicken game? Hard to guess but it will be surely a very difficult game for the 3rd player...besides if there are more player in broadband business...3rd player's pie will be far smaller.

Notes: Common Tower policy: Government will build tower and telcos will lease. It will benefit all telcos but especially 3rd player. Telcos have been complained the difficulty in tower build.

Notes: Removal of lock-in period : so people can transfer to the 3rd player? 

4. Prime Metro Power Holdings Inc. (PMPHI), a Enrique K. Razon Jr. led power arm, has partnered with San Lorenzo Ruiz Piat Energy of businessman Oscar Violago. PMPHI may own 82% of the planned Hydro power plant. San Lorenzo is the holder of a permit for 3,480 liters per second of water from Wawa River.

Notes: it's not directly related with EKR's other business like ICT and BLOOM.

5. Saudi Arabia call for the extension of oil production cut beyond 2018.

Notes: PCOR can benefit from this sustained crude oil price? I guess so but long term wise, there are still risks...pressuring the oil companies...environmental issues, EV, renewable energy, shale gas, etc..and for PCOR the lease issue with PNOC.