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The coast is clear

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It seems that the Department of Transportation and Communications, or the DOTC, is aching to push for its version of the “winner” in the bidding for the 25-year contract for the P17.5-billion international airport terminal in Cebu.

Posted: April 3rd, 2014 in Columnists,Inquirer Columns | Read More »

Biz Buzz: Looming upgrade

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It seems the folks over at the Civil Aviation Authority of the Philippines are expecting some good news to come out of Wednesday’s “validating visit” by inspectors of the US Federal Aviation Administration (FAA).

Posted: March 26th, 2014 in Headlines | Read More »

Bidding a better mousetrap

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Okay—it is now a brinkmanship game in media among lawmakers, government agencies, and the bidding consortia in the much-delayed P17.5-billion passenger terminal project at the Mactan Cebu International Airport—yes, the MCIA.

Posted: March 24th, 2014 in Columnists,Inquirer Columns | Read More »

2 senators score lack of due diligence in airport bidding

Mactan Cebu International Airport FILE PHOTO

Senators Sergio Osmeña III and Antonio Trillanes IV have scored the Department of Transportation and Communications (DOTC) pre-qualification bids and awards committee (PBAC) for overlooking pertinent information regarding the GMR-Megawide consortium, which submitted the highest bid for the renovation, expansion and 25-year management of the Mactan Cebu International Airport (MCIA).p

Posted: March 21st, 2014 in Latest Business Stories | Read More »

DOTC: Delaying antics

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Now it hits the fan, this P17.5-billion project of the Aquino (Part II) administration to build and operate a badly needed new passenger terminal at the Mactan Cebu International Airport.

Posted: March 20th, 2014 in Columnists,Inquirer Columns | Read More »

House to look into Mactan airport deal

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Mactan Cebu International Airport FILE PHOTO

Lawmakers are stepping into a row between the top two bidders for the P17.5-billion deal to upgrade the Mactan-Cebu International Airport deal in a move likely to further delay the awarding of the country’s biggest public private partnership project thus far.

Posted: February 25th, 2014 in Latest Business Stories,Photos & Videos | Read More »

Filinvest claims anomaly in Megawide-GMR bid

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Mactan Cebu International Airport. CDN FILE PHOTO

The controversy over the Mactan-Cebu International Airport terminal project took a new twist this week after Filinvest Development Corp.—the second-highest bidder for the deal—said that it had spotted an anomaly early in the bidding process.

Posted: February 14th, 2014 in Latest Business Stories | Read More »

Conflict of interest cited in bid for Cebu airport deal

The Department of Transportation and Communications (DOTC) has postponed the awarding of the contract to the highest bidder in the project to build a new terminal and operate the Mactan-Cebu International Airport (MCIA).   Transportation Secretary Joseph Emilio Abaya said that the period for the post-qualification review would be extended to address and investigate the [...]

Posted: January 12th, 2014 in Headlines | Read More »

Filinvest vouches for partner in P17.5-B airport bid

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A consortium led by the Gotinanun family’s Filinvest Group said its partner for the P17.5-billion Mactan-Cebu International Airport is a wholly owned subsidiary of the Changi Airport Group, which operates the famed airport in Singapore.

Posted: January 10th, 2014 in Headlines | Read More »

Biz Buzz: Pacquiao’s ‘cribs’ for sale

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Manny Pacquiao’s mansion in North Forbes (bought from RCBC president Lorenzo Tan, partially financed by a bank loan) is reportedly weighing heavily on him, with monthly amortization and assorted expenses costing him some P7 million a month. INQUIRER FILE PHOTO

Just how deep in a financial hole is boxing champion Manny Pacquiao? Of course, we all know that the Bureau of Internal Revenue has dunned the gentleman from Saranggani for P2.2 billion in back taxes. And we all know that the US Internal Revenue Service has frozen a couple of his bank accounts in the United States with at least $18 million in them.

Posted: January 8th, 2014 in Headlines | Read More »

Bidding to win

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FOR ALL its success, the Sy family’s SM Group still contends with snide remarks from mostly non-billionaires on the “shoe box” design for many of its ubiquitous shopping malls.

Posted: December 3rd, 2013 in Headlines | Read More »

7 groups seen bidding for Mactan PPP project

Most bidders are set to submit their offers Thursday for the Aquino administration’s first airport public-private partnership (PPP) deal, the P17.5-billion Mactan-Cebu International Airport, based on interviews with the seven prequalified groups this week.

Posted: November 28th, 2013 in Editor's Pick,Headlines | Read More »

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