Call it like you see it
By Den SomeraThis seems to best describe the market last week: it was a non-event, an uneventful market, or, better still, it was outrageously anything that it was.
This seems to best describe the market last week: it was a non-event, an uneventful market, or, better still, it was outrageously anything that it was.
Given the upswing in the property market, Finance Undersecretary John Sevilla said a year ago that the government should privatize the Food Terminal Inc. property in Taguig at a price analogous to a merchandise in upscale Rustan’s as opposed to that hawked in Divisoria or even Greenhills.
Investors reportedly interested in a 74-hectare portion of the government-owned Food Terminal Inc. are wary of pushing ahead with their bids after it was revealed that some sections of the property might not be immediately available to the winning bidder after the auction.
All seven companies that had expressed interest in buying a 74-hectare portion of the Food Terminal Inc. property in Taguig City attended the pre-bid conference last Friday, signaling that bidding “will finally” be held, according to the Privatization and Management Office (PMO).
