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& JOESTEEL CONTAINER CORPORATION v. COMMONWEALTH FINANCING CORPORATION).

This case has been cited 1 times or more.

2004-12-01
QUISUMBING, J.
The Charter of the Manila International Airport Authority,[19] as amended by Executive Order No. 903,[20] states that:SEC. 17. Increase or Decrease of Rates. The Authority may increase or decrease the rates of the dues, charges, fees or assessments collectible by the Authority to protect the interest of the Government and provide a satisfactory return on the Authority's assets, and may adjust the schedule of such rates so as to reflect the cost of facilities or services provided or rendered. The Authority may periodically review all dues, charges, fees or assessments collectible by the Authority, and shall make such adjustments to the schedule of rates as shall adequately reflect any increase in price levels and (in the case of concession rental) of volume of traffic through the Airport, subject to the provisions of Batas Pambansa Blg. 325, whenever practicable. (Underscoring supplied.)