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LTG venture bags P208-B Sangley deal

With no challengers, Chinese state-owned China Communications Construction Company Ltd. (CCCC) and Lucio Tan group-led MacroAsia Corp. are set to transform the former Air Force base in Sangley Point, Cavite into an international gateway to decongest Manila’s Ninoy Aquino International Airport (NAIA). MacroAsia told the Philippine Stock Exchange (PSE) on Friday it received by e-mail […] The post LTG venture bags P208-B Sangley deal appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneFeb 14th, 2020

Sangley Point project highlights Chinese threat to national security

The increasing number of Philippine offshore gaming operators and the questionable selection of state-run China Communications Construction Co. as joint venture partner in the Sangley Point International Airport project continue to raise concerns about the administration’s China pivot and its corresponding national security risks......»»

Category: financeSource:  thestandardRelated NewsFeb 11th, 2020

‘No plan to sell Batangas property in onerous deal’

The government is not planning to sell the 120-hectare property involved in the onerous Chevron-National Development Co. deal but is considering leasing the property on a longer term or to participate in a joint venture project, Department of Trade and Industry Secretary Ramon Lopez said......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2020

LRT deal next for review

The demand for accountability for the oligarchs, as required by President Rodrigo Duterte, will cover all industries as he bared on Friday a government review of the state-run Light Rail Transit Authority’s (LRTA) existing contract with the Light Rail Manila Consortium (LRMC) that is a joint venture of companies associated with magnates Fernando Zobel de […] The post LRT deal next for review appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJan 19th, 2020

DITO signs deal to connect towns

DITO Telecommunity Corp., a joint venture of businessman Dennis Uy and China Telecom, signed an agreement with the League of Municipalities to provide a dedicated nationwide fiber network to directly connect the different towns across the country......»»

Category: financeSource:  thestandardRelated NewsJan 13th, 2020

More questions on BCDA deal

As a follow-up on my Thursday column on the “Questions on BCDA (Bases Conversion and Development Authority) deal with MTD Capital Berhad of Malaysia” as I go over the alleged Joint Venture Agreement (JVA), there are some more questions in connection with this deal that bothers me......»»

Category: newsSource:  thestandardRelated NewsDec 7th, 2019

BCDA defends Clark deal with MTD Capital

The Bases Conversion and Development Authority on Monday said its joint venture agreement with MTD Capital Berhad for the development of New Clark City Phase 1A, which includes the sports facilities being used in the SEA Games, was implemented in the “most transparent” and “aboveboard” way possible......»»

Category: financeSource:  thestandardRelated NewsDec 2nd, 2019

Araneta, Sta. Lucia Land sign joint venture deal to expand Bulacan project

Araneta Properties Inc. announced Friday it signed a joint venture deal with Sta. Lucia Land to expand the 230-hectare Colinas Verdes project in San Jose Del Monte, Bulacan......»»

Category: financeSource:  philstarRelated NewsNov 29th, 2019

BCDA defends joint venture for SEA Games sports facilities

Part 1:  BCDA, Malaysian firm ink questionable P11-billion SEA Games deal Part 2:  OGCC flagged non-bidding of BCDA's New Clark sports facilities MANILA, Philippines (UPDATED) – The Bases Conversion and Development Authority (BCDA) insisted on Friday, November 22, that the joint venture agreement (JVA) with Malaysian firm MTD Capital Berhad for the sports facilities to ........»»

Category: newsSource:  rapplerRelated NewsNov 22nd, 2019

JFC enters JV to operate Tim Ho Wan in China

Homegrown food giant Jollibee Foods Corp. (JFC) is forming a joint venture with Singaporean firm Dim Sum Pte. Ltd. (DSPL) to invest up to $13 million for the franchise of dim sum restaurant chain Tim Ho Wan in the People’s Republic in China. Listed JFC said the deal will be executed between JFC’s wholly-owned unit […] The post JFC enters JV to operate Tim Ho Wan in China appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 14th, 2019

PH Infradev bags $332M for Makati subway project

LISTED Philippine Infradev Holdings Inc., the proponent of the Makati Subway project, has secured $332 million from Chinese firms to help finance the $3.7-billion mass transportation system. In a disclosure, the company said on Tuesday it has inked a deal with Hui Gao Investments Development Ltd., where the latter would provide a $102-million equity investment […].....»»

Category: newsSource:  manilatimes_netRelated NewsOct 30th, 2019

Philippines Duterte says Xi offering gas deal if arbitration case ignored

Philippine President Rodrigo Duterte said his Chinese counterpart has offered Manila a controlling stake in a joint energy venture in the South China Sea, if it sets aside an international arbitral aw.....»»

Category: newsSource:  manilanewsRelated NewsSep 11th, 2019

MPIC unit bags Dumaguete deal

MPIC unit bags Dumaguete deal.....»»

Category: newsSource:  bworldonlineRelated NewsSep 5th, 2019

Disqualified on first try, bidder bags deal for ballot paper, marking pens

By Karol Ilagan Philippine Center for Investigative Journalism THE supply of the ballot paper and marking pens used in the May 2019 Elections is a stark example of election procurement gone wrong. The supplier responsible for the pens that bled and paper that felt thin was already initially disqualified for not meeting the specifications required […].....»»

Category: sportsSource:  abscbnRelated NewsAug 15th, 2019

Approval of water privatization deal in Bacolod ‘hurried,’ ‘without proper study’ – GM

The joint venture, says the BEU and others against the joint venture, would turn water from a natural resource to a profit-generating commodity, to the detriment of consumers. For starters, the union says, a 12 percent value-added tax will be automatically tacked onto water bills once the deal is closed. The post Approval of water privatization deal in Bacolod ‘hurried,’ ‘without proper study’ – GM appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsJul 19th, 2019

Cirtek bags contract with US chipmaker

CIRTEK Holdings Philippines Corp. (CHPC) on Wednesday said its subsidiary has bagged a deal with a US chipmaker, which is expected to generate $3 million in annual revenues......»»

Category: newsSource:  bworldonlineRelated NewsJul 18th, 2019

Five things we learned from Game 3 of the 2019 Finals

By Steve Aschburner, NBA.com OAKLAND – Five things we learned from the Toronto Raptors’ 123-109 victory over the Golden State Warriors in Game 3 of the 2019 Finals Wednesday (Thursday, PHL time) at Oracle Arena: 1. What Stephen Curry learned … Curry was remarkable in Game 3, consciously seizing more of Golden State’s offensive burden to make up for Klay Thompson’s and Kevin Durant’s absences and turning that desperation into something historic. With 47 points, eight rebounds and seven assists, the Warriors point guard became only the ninth man to score at least 45 points in a Finals game. The lesson in that? Curry learned for a night what it has felt like for LeBron James on many such occasions. James put himself on that specific list a year ago when he logged 51 points, eight board and eight assists against Curry’s team in Game 1, same court. Like Curry, James’ team lost that night as well. Struggling mightily in something of a one-against-five predicament is the sort of things James has done often, while Curry never had faced it during Golden State’s five-year run to The Finals. They both -- James in the past and Curry on Wednesday (Thursday, PHL time) -- had legit NBA players around them. But the responsibility to put up points fell in both cases mostly on their shoulders. This was even a chance to revisit the 2015 Finals MVP selection, which attracted some attention on social media Tuesday (Wednesday, PHL time) over bogus speculation about the voting process. Andre Iguodala won the award that June, getting seven votes from the panel of media reps to James’ four. Curry got no votes. The point was, Curry had as a single game Wednesday (Thursday, PHL time) what James had as an entire series in ’15. He averaged 35.8 points, 13.3 rebounds and 8.8 assists, scoring 38.5 percent of Cleveland’s points (215-of-561) while assisting on 52.7 percent of his teammates’ baskets while he was on the court. Now Curry is the guy in position, if Golden State loses the series, to get a few MVP votes in a losing effort. By the way, Jerry West is the only player to win the Finals MVP trophy in a losing effort. And West is one of the nine to score 45 or more – he did it three times, but his Lakers teams went 1-2 in those games. (The others: Michael Jordan three times, Bob Pettit, Elgin Baylor, Rick Barry, Wilt Chamberlain and Allen Iverson once each. Their teams all won on their big scoring nights.) 2. Is the scoreboard broken? It’s tempting to say that the Warriors’ attack is in broken-record mode, except the resurgence of vinyl might not be sufficient yet to bring that phrase back into the mainstream. So we’ll go with a cultural reference that’s more classic than archaic. Think of The Beatles’ “Revolution 9,” but substitute “109… 109… 109…” Yeah, it’s been about as monotonous and unsatisfying for Golden State as it was on the White Album. At least Warriors coach Steve Kerr was somewhat bemused by his team’s scoreboard consistency. In each game of these Finals, Golden State has scored 109 points. “I just knew we were going to score 109 points because that’s all we’re going to do the rest of this series,” Kerr said. “So if we’re going to keep scoring 109, we got to keep them to 108.” The Warriors kept Toronto to 104 points in Game 2. Some of that was to their credit, some to the Raptors’ misfires and mid-game chill. The simplest stat? Toronto launched 38 three-pointers in both games. The night the Raptors made 11, they lost. When they made 17, they won. Getting Thompson back for Game 4 could make a big difference there. He is one of Golden State’s best defenders. For that matter, Durant’s length could assert itself as a defensive weapon, too, if he comes back later in the series. As for 109 being a winning points total, here is some background: taken in isolation, averaged over a full Finals, that would have been plenty to win 19 of the past 20 championships. The lone exception? In 2017, when Cleveland averaged 114.8 ppg yet lost because Golden State was putting up 121.6 nightly. In 2018, the Warriors averaged 116 points to the Cavaliers’ 101. The only other times a Finals team in the past 20 years averaged within five points of 109 were the Spurs in 2015 (105.6) and in 2007 (104.4) and the Lakers in 2002 (106.0) and 2000 (104.8). Obviously, a few of those were in the game’s relative “dark ages” for use of the 3-ball, but all four won championships. The Warriors are scoring enough points to win. 3. ‘Boogie’ fever has broken   DeMarcus Cousins called his decision to sign with Golden State for a cut-rate contract, while rehabbing from an Achilles injury, his “chess move.” He wound up joining the defending champions and favorite to three-peat, and got his game back in time to contribute. Cousins subsequently suffered a quadriceps injury but returned in time to participate in The Finals. Only thing is, he looked like he was back playing checkers in Game 3. The Warriors center stood out Sunday (Monday, PHL time), scoring 11 points with 10 rebounds, six assists and two blocks. But those numbers drooped to four points, three boards, three turnovers and 1-for-7 shooting in Game 3. Cousins went from plus-12 impact in Game 2 to minus-12 Wednesday (Thursday, PHL time). The big man looked a step slow and appeared to be bothered by Toronto’s length, in the forms of Marc Gasol, Pascal Siakam and Serge Ibaka. With little lift these days, he’s playing a little smaller than his 6'11", 270-pound specs. And given how long he was off and the mere eight minutes he got in Game 1, what Cousins did in Game 2 was starting to look more adrenaline-fueled than a reliable return to form. Since Curry handled just about everything else for Golden State in Game 3, he was asked afterward about Cousins’ “regression.” The point guard handled the awkward moment well -- being asked a critical question about a teammate might have tempted Curry to blow it off or lie. Instead, he talked of the Warriors’ shared responsibility on defense and noted a few calls offensively that didn't go Cousins' way. Then Curry added: “Like any great player, if you have a rough game, that resiliency to bounce back and the confidence to know that you can still go out there and impact the game, that’s something that he’ll bring, and we all will follow suit for sure.” 4. Danny Green’s big moment Understandably, when an All-Star and potential Kia MVP candidate gets traded, the deal becomes all about him. Next, folks focus on the key player or players swapped out and how the move might work for the other team. Only then do we play much attention to the guy or guys accompanying the All-Star to his new destination. That’s how it’s been for Danny Green for much of the 2018-19 season. Green and Kawhi Leonard were teammates in San Antonio for seven seasons. They went to two Finals together with the Spurs, winning rings in 2014. But when Leonard wanted out after an injured and rancorous 2017-18, the deal the Spurs put together with Toronto shipped out Danny Green, too. The reality of NBA trades is that salaries must match up, so teammates often become collateral damage to even up the dollar sufficiently to satisfy league rules. Sometimes, a teammate is thrown into a deal because he and the star are chums. A familiar face gives the featured guy some comfort -- or someone to carry his bags. But Green was a helpful playoff performer in his own right with the Spurs -- in his 12 Finals games before this year, he had made 52 percent of his three-pointers. And in 2013 he made 27 of them against the Miami Heat, a Finals record that was his for all of three years until Curry drained 32 in 2016. Green struggled with his shot in the Eastern Conference finals against the Milwaukee Bucks, going 4-for-23 on three-pointers. But his marksmanship early in Game 3 and against near the end of the third quarter propelled the Raptors’ victory. 5. Those rebounds are offensive   Toronto dominated on the offensive glass 15-6 in Game 2 and lost. Golden State dominated on the offensive glass 13-5 in Game 3 and lost. Typically, that’s a positive category for the team that wins it, something coaches hate when the other guys are reclaiming their own misses time and again. But lately, the demerits associated with offensive rebounds have loomed larger than the benefits. You grab a shot you or your teammate missed, that ought to be a good thing. But the Raptors in Game 2 (37.2 percent) and the Warriors in Game 3 (39.6 percent) were beset by inaccuracy, so there were more offensive rebounds to be had, period. The other down side of a generally positive stat is how you go about getting them. If you get overeager and the defense controls the errant shot, you might denude your transition defense. Both the Raptors and the Warriors in Games 2 and 3 respectively built considerable edges in second-chance points off their offensive rebound totals. Toronto had a 23-0 scoring advantage Sunday (Monday, PHL time), yet lost by five. Golden State held it 23-12 Wednesday, yet lost by 14. The losing team in both cases slightly won the battle of fast-break points, but offensive-rebounding strategy still forces a choice on teams. “We have a general kind of rule of thumb that once a shot goes up, we tell our guys to make a really quick, good decision,” Raptors coach Nick Nurse said before Game 3. “Either they're going hard to the offensive rebound or they're going hard to defense transition. … There's certain moments of the game – I mean, some of those late are almost scrambles, right, you're behind five and you're throwing it up there and everybody's trying to rebound, just to keep the game alive as well.” It’s a stat worth watching, even if it’s inversely related lately to the games’ outcomes. Sing it loud, sing it proud ???????? #WeTheNorth pic.twitter.com/8HfjoM9Cht — Toronto Raptors (@Raptors) June 6, 2019 Steve Aschburner has written about the NBA since 1980. You can e-mail him here, find his archive here and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting......»»

Category: sportsSource:  abscbnRelated NewsJun 7th, 2019

Persisting Baciwa woes

THE title does not refer only to the officials of the Bacolod City Water District but to the concessionaires as well, whether the deal is planned privatization, joint venture or purchase. The headaches of the water consumers will persist while that of the officials will just grow bigger. Although Baciwa recently entered into an agreement […] The post Persisting Baciwa woes appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJun 4th, 2019

San Miguel Corp. bags Holcim Philippines for $2.2B

San Miguel Corp. bags Holcim Philippines for $2.2B INQUIRER.net MANILA, Philippines - San Miguel Corp. has bagged a deal to acquire 85.7 percent stake of Holcim Philippines, the country's largest.....»»

Category: newsSource:  philippinetimesRelated NewsMay 13th, 2019

HyalRoute Group to invest $1-2 billion in PHL venture

THE Department of Information and Communications Technology (DICT) signed a deal with the local subsidiary of Singapore-based HyalRoute Group last week to roll out a fiber optic cable network in the country......»»

Category: newsSource:  bworldonlineRelated NewsMay 6th, 2019

AboitizPower project bond deal bags international awards

AboitizPower project bond deal bags international awards.....»»

Category: newsSource:  kagay_anRelated NewsJan 12th, 2017