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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 »

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 »

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