Connect with us

Hi, what are you looking for?

Economy

SMC says its tollways are ready to go 100% cashless by Jan. 11

SAN MIGUEL CORP. (SMC) on Tuesday said its tollways are ready to go 100% cashless by Jan. 11 after it hit its target to open 156 new radio-frequency identification (RFID) installation stations before the end of December.

In an e-mailed statement, SMC President and Chief Operating Officer Ramon S. Ang said: “Back in November, and again in mid-December, we committed to open over 100 new RFID stations in various locations before the end of the year.”

“Even as we were preoccupied with soft-opening our Skyway 3 and then had a long New Year’s break, I’m happy to report to the public that we also reached our target 156 Autosweep RFID installation stations last Dec. 29,” he added.

With the additional RFID installation stations, SMC is no longer seeing long lines towards the end of Jan. 11, Mr. Ang noted.

The Transportation department earlier set Dec. 1 as the deadline for toll operators to implement cashless payments, but the transition period will end on Jan. 11.

Toll operators will still be required to have lanes for the installation of RFID stickers beyond Jan. 11.

“With the amount of stickers we have already issued over the past few months, particularly from November through December when we started increasing the number of stations, coupled with now 156 total RFID stations that are well spread out through Metro Manila and neighboring cities and provinces, we see no major problems in serving the remaining number of motorists without stickers yet,” Mr. Ang explained.

SMC operates the STAR (Southern Tagalog Arterial Road) Tollway, South Luzon Expressway, Skyway, NAIA Expressway, and Tarlac-Pangasinan-La Union Expressway.

Mr. Ang reiterated SMC will retain its installation activities and “even expand programs to reach villages and barangays.” — Arjay L. Balinbin

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

Deliveroo scored a fresh victory in the legal fight for its riders to be recognised as self-employed yesterday when the Court of Appeal ruled...

Investing

Foreign holidays in the Balearic islands, Malta and Madeira were given the go-ahead last night despite threats from the European Union to close the...

Economy

A modern take to a classic – express yourself with the newest Suzuki sub-compact SUV Suzuki Philippines Inc. (SPH), the country’s pioneer compact car...

Economy

CDO Foodsphere stands out as one of the enterprises that have been actively helping the country during the COVID-19 pandemic. The company serves as...

Economy

THE BANGKO Sentral ng Pilipinas (BSP) kept its key interest rate at a record low for a fifth straight meeting on Thursday, as it...

Economy

S&P GLOBAL RATINGS lowered its 2021 growth forecast for the Philippines to 6% on Thursday, as low public mobility amid the coronavirus pandemic continues...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!