January 12, 2015 THE GOVERNMENT will begin seeking bids for a contract to build an eight-kilometer elevated toll road that will link the North Luzon Expressway (NLEx) and the South Luzon Expressway (SLEx) within the first quarter of the year, a Public Works official said over the weekend. SM PRIME Holdings, Inc.’s plan to reclaim and develop a combined 600 hectares of land along Manila Bay into a central business district may have to wait until 2017 before the Philippine Reclamation Authority (PRA) acts on it, as the regulator said it looks to commissioning a lengthy comprehensive study that will serve as a “benchmark” for all reclamation projects involving the country’s major hub. DAVAO CITY -- Cebu-based firm HelpMate, Inc. has submitted a proposal to develop the city’s main river system, the Davao River, into a potable water source aiming to rival the P10-billion bulk supply project of Aboitiz Equity Ventures, Inc. (AEV) and JV Angeles Construction Corp. GT CAPITAL Holdings, Inc., the holding company for tycoon George S.K. Ty’s business empire, said on Friday that it will likely spend around P50 billion this year, bulk of which would be for boosting profit without acquiring another company. The Philippines top two carriers have scrapped the fuel surcharge from airline tickets after regulators ordered the same. Ticket cost will no longer include fuel surcharge as a component effective January 10. This is to comply with a CAB directive calling on all air carriers operating in the country to desist from charging its passengers fuel surcharge in view of declining crude prices, Philippine Airlines (PAL) said in a statement. Philippine billionaire Andrew Tan remains bullish about the real estate sector. Owner of Megaworld Corp, Tan said the company chalked up a double-digit growth in revenues and reservation sales last year.
Posted on: Sun, 11 Jan 2015 21:11:35 +0000
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