SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Dec 6, 2017

2. SEC Identification Number

51048

3. BIR Tax Identification No.

000-053-167

4. Exact name of issuer as specified in its charter

FILINVEST DEVELOPMENT CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

The Beaufort, 5th Avenue corner 23rd Street, Bonifacio Global City, Taguig City Postal Code 1630

8. Issuer's telephone number, including area code

(632) 918-8188 / 798-3958

9. Former name or former address, if changed since last report

Not applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	9,317,473,987

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Filinvest Development CorporationFDC

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of news article

Source	manilastandard.net
Subject of News Report	“Big consortium to rebuild Naia”
Date of Publication	Dec 5, 2017

Clarification of News Report
We refer to your request for clarification/confirmation of the news article entitled “Big consortium to rebuild Naia” posted in manilastandard.net on December 5, 2017. The article reported in part that: “A ‘super consortium’ composed of the country’s seven largest conglomerates is being formed to undertake the rehabilitation, modernization and expansion of Ninoy Aquino International Airport, industry sources said. Sources said the seven groups were planning to work together to finally have the important infrastructure project implemented. The seven groups include Ayala Corp., LT Group Inc., Filinvest Group, JG Summit Holdings Inc., Aboitiz Equity Ventures Inc., Metro Pacific Investments Corp. and Megaworld Corp., sources said. Metro Pacific president Jose Ma. K. Lim confirmed the plan in a text message. ‘The idea is being discussed, but we have not formally agreed on anything at this point,’ Lim said. . . . . Under the plan, the private sector partner will improve, upgrade and enhance the operational efficiencies of all existing terminals of Naia, covering both landside and airside (except air traffic services), to meet the International Civil Aviation Organization standards and develop the main gateway airport. . . . .” We would like to confirm that the Filinvest Group is in discussions with other business groups to participate in a project involving the Ninoy Aquino International Airport. However, we wish to clarify that this is still in the exploratory phase and no firm commitment or formal agreement has been reached, including on the composition of the consortium. We trust you will find the foregoing in order.
Other Relevant Information
Please see attached file.