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Thailand’s Krungsri, Japan’s MUFG acquire Home Credit PH

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Leading consumer finance company Home Credit Philippines (“HC Consumer Finance Philippines, Inc.”) today announced its new shareholders following the completion of its acquisition by  Krungsri (“Bank of Ayud...

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Powerlifter Pamati-an bags gold at 2023 ASEAN Para Games

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The long wait is over. It took 11 years of hard work and dedication before powerlifter Marydol Pama-tian finally achieved success at the ASEAN Para Games. On Sunday, the 39-year-old athlete from Tagana-an, Surigao del Norte claimed the gold (total ...

Las Piñas welcomes SEA Games medalists

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Las Piñas City - Two exceptional athletes, Jocel Lyn Ninobla and Ana Alicia "Khate" Castillo, who proudly represented the Philippines at the recently concluded 2023 South East Asian (SEA) Games in Cambodia, paid a courtesy visit...

Pasay News

Pasay Reclamation

PCC approves Pasay reclamation joint venture

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The Philippine Competition Commission (PCC), the anti-trust body, has approved the joint venture between the Pasay City government and the Pasay Harbor City Corp. led by businessman Dennis Uy for the P265-hectare reclamation project.

The city government granted rights to reclaim the municipal waters of Pasay in Manila Bay while Pasay Harbor City Corp. will finance all raw land expenses in the 265-hectare reclamation project.

Pasay Harbor City is a partnership composed of Udenna Development Corp. (UDEVCO), Ulticon Builders, Inc. and China Harbour Engineering Company.

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"PCC’s merger review found that the transaction is not likely to lead to substantial lessening of competition in the relevant market," the PCC said in a decision dated September 26.

The PCC said this deal was its first merger review where a local government unit is involved as a party to a joint venture.

Pasay Harbor City submitted an unsolicited proposal to develop part of Manila Bay within Pasay City's domain.


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Masbate youth council visits Pasay for benchmarking

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