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BCDA ordered to honor BGC deal

The Supreme Court on Tuesday stopped the Bureau of Internal Revenue, the Department of Finance and the Securities and Exchange Commission from requiring firms to disclose an alphabetical list (alphalist) of investors who receive income payments and dividends, a regulation that has stirred concerns of capital flight and its crippling effects on the economy.  INQUIRER FILE PHOTO

The Supreme Court has permanently stopped the Bases Conversion and Development Authority’s (BCDA) public bidding for the development of the 33.1-hectare Bonifacio South Pointe property at the upscale Bonifacio Global City in Taguig, favoring SM Land Inc.’s (SMLI) petition that impleaded the state firm for breaching an agreement to conduct a competitive challenge.

Posted: September 6th, 2014 in Latest Business Stories | Read More »

BCDA turns over P100M in dividends to Treasury

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The Bases Conversion and Development Authority (BCDA) on Tuesday said it has remitted to the Bureau of the Treasury an additional P100 million in cash dividends, bring to P2.2 billion the state agency’s remittances to national coffers.

Posted: September 3rd, 2014 in Headlines | Read More »

Robinsons Land’s subsidiary Altus bags Lawton Corp. Center deal

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Robinsons-Land

A subsidiary of the Robinsons Land Corp. has bagged the contract for the long term lease and development of a prime lot located along Lawton Avenue, south of Bonifacio Global City, the state run Bases Conversion and Development Authority said Tuesday.

Posted: August 19th, 2014 in Latest Business Stories | Read More »

Court orders Sobrepeña’s arrest

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Camp John Hay Development Corp. (CJHDevCo) chairman and CEO Robert John L. Sobrepeña. INQUIRER FILE PHOTO

A Pasay City regional trial court has ordered the arrest of businessman Robert John L. Sobrepeña after the Department of Justice indicted the chair of the Camp John Hay Development Corp. (CJHDevCo) in a P1.15-billion estafa case.

Posted: June 15th, 2014 in Latest Business Stories | Read More »

Partners for Clark food facility sought

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State-run Bases Conversion and Development Authority is seeking private sector partners to put up the Food Processing and Cold Storage Center within a 3,000-hectare block at the Clark Green City in Pampanga.

Posted: June 13th, 2014 in Headlines | Read More »

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