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Gov’t eyes minimum bid price for Calax project

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The Department of Public Works and Highways (DPWH) will likely place a minimum offer price when it proceeds with the controversial rebidding of the P35.4-billion Cavite Laguna Expressway in the first half of 2015, an official said.

Posted: November 28th, 2014 in Headlines | Read More »

SMC to sell stake in PDS

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Conglomerate San Miguel Corp.

Conglomerate San Miguel Corp. has agreed to sell to the Philippine Stock Exchange a 4-percent interest in Philippine Dealing Systems Holdings Corp. in support of the proposed consolidation of the capital market infrastructure in the country.

Posted: November 22nd, 2014 in Headlines,Latest Business Stories | Read More »

SMC finds ally in PCCI on Calax rebidding

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Screengrab from www.sanmiguel.com.ph

Contrary to the views of other business groups, the Philippine Chamber of Commerce and Industry (PCCI) favors the proposed rebidding of the P35.4-billion Cavite Laguna Expressway (Calax) deal as the government stands to gain at least P8.45 billion from this exercise.

Posted: November 5th, 2014 in Latest Business Stories | Read More »

SMC: P20-B Calax bid superior; but will respect Aquino decision

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Cavite-Laguna Expressway Route Map   PHOTO from www.dpwh.gov.ph

San Miguel Corp. maintained Thursday that it should be declared the winning bidder of the P35.4-billion Cavite-Laguna Expressway (CALAx) by virtue of having submitted the highest bid for the keys toll road project under the government’s public private partnership program.

Posted: October 23rd, 2014 in Latest Business Stories | Read More »

Lucio Tan offers to buy out PAL minority shareholders

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Lucio Tan FILE PHOTO

The group of businessman Lucio Tan is offering to buy out minority shareholders of flag carrier Philippine Airlines (PAL) and its listed holding firm, PAL Holdings Inc., in a voluntary tender offer transaction, a company official said on Friday.

Posted: October 17th, 2014 in Latest Business Stories | Read More »

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