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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 »

Harringtons auction house uncovers the unique

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1972 Lambretta Motorcycle, P522,500

They first first conducted an auction—the way famous outfits like Christie’s and Sotheby’s conduct them—last April. Now, the second Harringtons lifestyle auction promises to have a wider assortment of items, from vintage crystal wine glasses, handcarved chest boxes and paintings by masters like Arturo Luz, to handcrafted Tibetan accessories, vintage Seiko watches and a fully restored 1972 Lambretta motorcycle with sidecar.

Posted: July 27th, 2014 in Headlines | Read More »

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 »

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