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DOTC gets P9.35-B premium for LRT-1 extension project

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It was a big payday for the government as the Department of Transportation and Communications got a P9.35-billion “premium” offer from the lone bidder in the Light Rail Transit Line 1 (LRT-1) to Cavite public private partnership (PPP) auction, now on its second bidding round.

Posted: June 6th, 2014 in Headlines | Read More »

Airport PPP projects to be auctioned off

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The government is looking at auctioning off several provincial airport public private partnership (PPP) deals later this year while authorizing the hiring of consultants to study the possibility of bidding out the country’s busiest airport, Ninoy Aquino International Airport in Manila.

Posted: June 5th, 2014 in Headlines | Read More »

Liquidity trims 2-year bond yield

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The two-year Treasury bond fetched a lower yield in the latest auction for government securities as substantial liquidity in the domestic market boosted demand for investment outlets.

Posted: April 23rd, 2014 in Headlines | Read More »

Italy sells luxury state cars on eBay

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Italy’s cash-strapped government has raised more than 370,000 euros by selling 52 luxury cars owned by the state through online auction site eBay, the prime minister’s office has said.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Online auction for 240 Titanic artifacts

This schematic illustration obtained April 3, 2014, courtesy of RR Auction shows a rare original cross-section and plan labeled “S. S. ‘Titanic,’” in the lower left corner and marked “No. 8” in the upper right corner, 30″ x 26″, drawn to a scale of 1/32 inches to one foot, and rubber stamped by Harland and Wolff, with a handwritten date within the stamp of May 1, 1912, just one day before the opening statements were given at the British enquiry, at which this plan was used. RR Auction will feature the Titanic’s original building plans that include hand-drawn notations, used during the official British enquiry into the most devastating maritime tragedy in history in its upcoming Titanic themed auction, later this month. This piece was discovered at the old Cunard Line office, which merged with White Star Line in 1934. Originally sold by Onslow’s in London, on April 15, 1987, the plan then went on display at the Ulster Museum in Belfast. It was then offered at auction by Henry Aldridge & Son, at which time it became a part of a private collection. It has since been on display at the Titanic Museum in Branson, Missouri. AFP PHOTO/RR AUCTION/HANDOUT

Hundreds of artifacts linked to the doomed luxury liner Titanic will be sold online this month and could fetch as much as a million dollars, Boston-based auction house RR said on Thursday.

Posted: April 4th, 2014 in Latest Business Stories | Read More »

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