The operators and members of the Bacolod-Silay Airport United Transport Operators Inc. are asking the Land Transportation Franchising and Regulatory Board to fast track the review and evaluation of their petition for fare increase from P52 to P150, its president Tim Limsiaco, said yesterday.
Limsiaco said that the petition was filed to legalize the P150 fare of public utility vans plying Bacolod-Silay airport and vice versa.
The LTFRB approved fare is at P52, however, as the airport started its operation in 2008, PUVs has been collecting P150 as the basic fee from the airport to Bacolod and vice versa, she said.
UCPB posts P3.73-B net
income, up by 22%
The United Coconut Planters Bank posted a net income of P3.73 billion for 2012, up by 22 percent from last year’s P3.06 billion, as the bank boosted its loan portfolio as well as its trading and securities earnings by triple digits.
Total loans went up by 24 percent to P87.72 billion from P70.52 billion in the same period last year of which the consumer portfolio grew at a very fast pace of 33 percent. Corporate accounts make up 45 percent of the loan portfolio.
Non-interest income soared by 47 percent or P3.1 billion from just P2.1 billion from a year ago due to higher trading gains on securities as well as better fee based income.
DAR installs Murcia ARBs