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Govt terminates airport biddings

Govt terminates airport biddings

posted May 23, 2017 at 08:12 pm by  Darwin G. Amojelar http://manilastandard.net/business/biz-plus/237456/govt-terminates-airport-biddings.html The Transportation Department abandoned the auctions for the P108.2-billion contracts to develop, operate and maintain five regional airports under the public-private partnership scheme. “We received confirmation that the procurement of the much-anticipated Regional Airport PPP Projects [Development, Operations and Maintenance of New Bohol […]

Biz Buzz: An ever tighter embrace

Biz Buzz: An ever tighter embrace

Philippine Daily Inquirer / 05:08 AM May 24, 2017 https://us9.admin.mailchimp.com/campaigns/wizard/neapolitan?id=1125021 Who bought a 25-percent stake in Phoenix Petroleum of up and coming businessman Dennis Uy? http://business.inquirer.net/230082/biz-buzz-ever-tighter-embrace That’s what everyone wants to know after it was announced the other day that a certain ES Consultancy Group Inc. shelled out P4 billion for a quarter of Uy’s […]

Hybrid PPP scheme worries businessmen

Hybrid PPP scheme worries businessmen

By Iris Gonzales (The Philippine Star) | Updated May 24, 2017 – 12:00am https://us9.admin.mailchimp.com/campaigns/wizard/neapolitan?id=1125021 MOSCOW – Filipino businessmen are quietly raising concerns over the government’s proposed hybrid approach for public-private partnership (PPP) infrastructure projects which President Duterte is expected to present during his official visit here. Some members of the Philippine business delegation in the […]

5 regional airports removed from PPP

DOTr to pursue P108-B modernization projects By: Miguel R. Camus – @inquirerdotnetPhilippine Daily Inquirer / 05:10 AM May 24, 2017 http://business.inquirer.net/230084/5-regional-airports-removed-ppp The Public-Private Partnership (PPP) program, already suffering from the perception its projects are being sidelined in favor of government loans overseas, received another blow yesterday after the Department of Transportation (DOTr) canceled plans to […]

Clark airport expansion gets Neda-ICC approval

Clark airport expansion gets Neda-ICC approval

By: Ben O. de Vera Philippine Daily Inquirer 05:15 AM May 22, 2017 http://business.inquirer.net/229989/clark-airport-expansion-gets-neda-icc-approval The National Economic and Development Authority’s Investment Coordination Committee (Neda-ICC) last week approved the proposal of state-run Bases Conversion and Development Authority (BCDA) to expand the annual capacity of the Clark International Airport to eight million passengers. In an interview last […]

GT Capital wants to jack up interest in Metro Pacific infra unit

GT Capital wants to jack up interest in Metro Pacific infra unit

By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 05:16 AM May 22, 2017 http://business.inquirer.net/229991/gt-capital-wants-jack-interest-metro-pacific-infra-unit Ty family-led GT Capital Holdings is keen on raising its interest in infrastructure holding firm Metro Pacific Investments Corp., given the opportunity to do so, while scouting for other new businesses outside the group. In an interview with Inquirer after the company’s investor briefing […]

Megawide trumpets gains in Cebu airport PPP project

Megawide trumpets gains in Cebu airport PPP project

By Iris Gonzales (The Philippine Star) Updated May 20, 2017 – 12:00am http://www.philstar.com/business/2017/05/20/1701580/megawide-trumpets-gains-cebu-airport-ppp-project MANILA, Philippines – Engineering and infrastructure conglomerate Megawide Construction Corp. trumpeted the success of its major public-private partnership (PPP), the Mactan-Cebu International Airport, in a forum yesterday. Speaking during an economic forum organized by BusinessWorld yesterday, Megawide chief financial officer Oliver Tan […]

EEI unit ties up with 2 Japan firms for new business

EEI unit ties up with 2 Japan firms for new business

By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 01:19 AM May 20, 2017 http://business.inquirer.net/229872/eei-unit-ties-2-japan-firms-new-business Yuchengco group-led construction firm EEI Corp. has rolled out a new scaffolding and formwork rental business in partnership with two Japanese firms. The new unit that will handle the project—JP System Asia Inc. (JPSAI)—is a joint venture among EEI subsidiary Equipment Engineers Inc., Japan’s […]

Banks’ real estate loans hit P1.3T

Banks’ real estate loans hit P1.3T

By: Ben O. de Vera Philippine Daily Inquirer 05:19 AM May 22, 2017 http://business.inquirer.net/229995/banks-real-estate-loans-hit-p1-3t Bank lending to real estate jumped to a record P1.318 trillion at the end of the first three months amid a sustained property boom. This was higher than the P1.276 trillion a quarter ago and P1.084 trillion a year ago, the […]

Shell eyes expansion in SCTEx

Shell eyes expansion in SCTEx

By Danessa Rivera (The Philippine Star) Updated May 22, 2017 – 12:00am http://www.philstar.com/business/2017/05/22/1702202/shell-eyes-expansion-sctex MANILA, Philippines –  Pilipinas Shell Petroleum Corp. is set to expand in the north to service motorists traversing the Subic-Clark-Tarlac Expressway (SCTEx). The north is the place for expansion because it is underserved, Shell vice president for retail Lawrence Anthony Yam said. […]