Articles worth reading

‘Build, Build, Build’ prepares for future

account_balanceMetro Manila access_time4 days ago

With the Duterte administration entering its final year, the “Build, Build, Build” program continues to deliver its promise of creating infrastructure that improves the lives of Filipinos in the face of the Covid-19 pandemic and other cha...

BSP's 28-day bill rate rises

account_balanceMetro Manila access_time4 days ago

The rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day securities increased Friday amid the strong demand for the paper, according to a report by Philippine News Agency. The weighted average rate of the debt paper rose to 1.8109 percent fro...

Pasay News

Pasay Reclamation

PCC approves Pasay reclamation joint venture

account_balancePasay News account_circleGab dela Cruz chat_bubble_outline0 Comments

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.

Advertisement

"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.


date_rangeDate Published
1 year ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

No releated news for this article.
Let's Stay Connected Like us on our Facebook page.
×
Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature