A San Miguel-led consortium has petitioned the government to reconsider its disqualification from the P1.72-billion public-private partnership (PPP) project that seeks to introduce contactless-based smart card technology into the metropolis’ light railway transit (LRT) system.
Only two firms are left in the running for the P3.85-billion peso supply contract for motor vehicle license plates, the Department of Transportation and Communications (DOTC) announced Wednesday.
The government’s next public-private partnership (PPP) project—a smart card technology for Manila’s elevated railways—had just gotten off the ground. But the initial bid proceedings for the lucrative government contract was far from smooth.
State-run Power Sector Assets and Liabilities Management Corp. is bidding out anew four diesel-fired power barges in Visayas and Mindanao under “new terms,” which were hoped to attract serious investor interest.
There seems to be no stopping the move to merge the Philippine Dealing System Holdings Corp. (PDS) with the Philippine Stock Exchange, with the latter as the surviving entity—a move that will create a unified bourse and allow fund managers, bankers and even retail investors to trade both stocks and bonds.
The Department of Transportation and Communications (DOTC) is meeting with the four qualified bidders for the P60-billion LRT Line 1 Cavite extension project through April 30.
The Department of Transportation and Communications (DOTC) is making progress with yet another public-private partnership (PPP) project with the opening of qualification documents for the P17.5-billion Mactan-Cebu International Airport set next Monday.
In 10 days—or right after the annual stockholders’ meeting of Ayala-led Bank of the Philippine Islands—the country’s most valuable bank will have a new president, investment banker Cezar Consing, who certainly has very big shoes to fill.
The Department of Transportation and Communications is again extending the deadline for the submission of qualification documents for the Mactan Cebu International Airport (MCIA) development project, giving potential bidders more time to prepare requirements.
The Department of Transportation and Communications (DOTC) has earmarked nearly P100 million for the development of two provincial airports that are expected to serve as gateways to several of the country’s emerging tourist hotspots.
The Department of Transportation and Communications has started preparations for the bidding of the operations and maintenance (O&M) contract for the Metro Rail Transit to improve services for the line’s 500,000 daily passengers.
An official of this large publicly listed company sold some shares in his company shortly before a subsidiary reported a major adverse development that resulted in a free fall of the share prices of affiliated companies. As such, regulatory filings suggest that the official was able to lock up gains ahead of the selldown—although it remains to be proven whether he had done so because of some advanced information not available to the investing public.
