PIATCO - Eagle News

Tag: PIATCO

SC orders Phl gov’t to pay $510.3 million as “just compensation” to Piatco for NAIA take-over

September 10, 2015

(Eagle News) — Voting 10-0, the Supreme Court on Wednesday (Sept. 9) ordered the Philippine government to pay the Philippine International Air Terminals Co. Inc. (Piatco) $510.3 million as “just compensation” for expropriating the International Passenger Terminal III (IPT III) of the Ninoy Aquino International Airport (NAIA) almost a decade ago. The amount, included interest as of Dec. 31, 2014. It does not include the interest from Jan. 1, 2015 until Piatco is fully […]

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BIR notes progress in PIATCO tax case

September 11, 2014

The Bureau of Internal Revenue can now push through with collecting the alleged tax liability of the Philippine International Air Terminals Company Inc or PIATCO. This is after the 15th Division of the Court of Appeals declared the non-effectivity of the writ of preliminary injunction issued by Pasay City RTC Branch 114 last January 2010. Due to the writ of preliminary injunction, BIR was not allowed to issue its final assessment notices against PIATCO, stopping […]

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