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PH turns over Angat hydro plant to K-Water

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METRO MANILA’S WATER SUPPLY SOURCE.  The Angat Dam in Bulacan is where Metro Manila, home to 12 million residents, sources 97 percent of its water requirements. The Metropolitan Waterworks and Sewerage System says they hope to bid out projects next year that would develop new water sources to boost Metro Manila’s water supply. PHOTO FROM BULACAN.GOV.PH

The Philippine government has finally privatized the operations of the 218-megawatt (MW) Angat Hydroelectric Power Plant (HEPP)—more than four years after it was auctioned off.

Posted: November 1st, 2014 in Headlines,Latest Business Stories | Read More »

Shell, PNOC consider sale of banked gas

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The Philippine National Oil Company (PNOC) and global oil firm Shell are mulling over plans to jointly auction off their respective stockpiles from the Malampaya natural gas project.

Posted: September 26th, 2014 in Headlines | Read More »

PDIC to auction off Cebu land of closed banks

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SCREENGRAB from www.pdic.gov.ph

The state-run Philippine Deposit Insurance Corp. said Tuesday it will auction off P51.57-million in real estate located in Cebu province that belonged to banks that have been closed.

Posted: September 23rd, 2014 in Latest Business Stories | Read More »

GSIS expects P1.7B from auction of 3 lots

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Roberto Vergara, GSIS president and general manager (Photo from gsis.gov.ph)

The state-run Government Service Insurance System (GSIS) expects to generate at least P1.7 billion from next week’s auction of three prime properties in the cities of Muntinlupa and Taguig, according to its top executive.

Posted: September 17th, 2014 in Latest Business Stories | Read More »

Ferrari sells for record $38 million

FERRARI

A red 1962 Ferrari 250 GTO Berlinetta, said to be one of only a handful, was snapped up for $38.1 million in California, becoming the most expensive car ever sold at auction.

Posted: August 16th, 2014 in Latest Business Stories | Read More »

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