Metro Pacific Investments Corp. said yesterday that its subsidiary, Metro Pacific Corp., will sell 83.7 percent of its capital stock, representing 2.53 billion in common shares, to Negros Holdings and Management Corp. headed by Nenaco board chairman Sulficio Tagud Jr.

MPIC said in a disclosure to the Philippine Stock Exchange the transaction will make Metro Pacific a minority shareholder in Nenaco with 15.3 percent of common shares and P100 million in preferred shares.

In its statement, Metro Pacific said it will remain one of Nenaco's major creditors with P119 million in current receivables and P211 million long-term receivables under the shipping firm's court-approved Rehabilitation Plan.

Chicken, pork meat
adequate despite demand

Meat producers in Negros Occidental have assured adequate supply of chicken and pork during the Christmas holidays.

Dr. Antonio Utzurrum, a member of the Poultry Association of Broiler Integrators in Negros Occidental, said yesterday chicken will definitely be available, but retailers may jack up prices because of high demand. Utzurrum, Negros manager of Bounty Agro Venture Inc., told the DAILY STAR that, because of high demand, it would appear that chicken supply is limited so prices will probably increase.

He said that in Bacolod, dressed chicken is sold between P94 and P115 per kilo and between P120 and P125 in areas outside the city.

NAIA to jack up passenger fee
by P200 beginning January 1st

MANILA - The Ninoy Aquino International Airport will charge an additional P200 fee to all travelers starting January 1, the Philippine News Agency said in a report yesterday.

The P200 will be imposed on top of the existing P550 terminal fee. The PNA said earnings from the new airport fee is expected to reach P700 million annually.

Alfonso Cusi, general manager of Manila International Airport Authority, said all departing international passengers will pay a total of P750 each.

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