MANILA – The Light Rail Transit Authority (LRTA) Board has yet to award the P65 billion Light Rail Transit Line 1 (LRT-1) Cavite Extension project to a consortium led by Ayala Corp. and Metro Pacific Investments Corp. (MPIC).Full article
The Abakada Party-List group urged the Supreme Court to void the two concession agreements entered into by the Metropolitan Waterworks and Sewerage System with Maynilad Water Systems, Inc. and Manila Water Company, Inc. for being unconstitutional. Full article
MANILA, Philippines – The Department of Public Works and Highways (DPWH) is now waiting for a decision from Malacanang on the controversy surrounding the bidding of the Cavite-Laguna Expressway (CALAX) project.
MANILA, Philippines (UPDATE) – The Sandiganbayan first division has issued subpoenas to the legal departments of five banks to produce the bank accounts and bank history of pork barrel scam whistleblowers Benhur Luy, Arthur and Gertrudes Luy, Marina Sula, and Merlina Sunas. Full article
MANILA, Philippines – The Philippine Deposit Insurance Corporation (PDIC) took over a rural bank in Misamis Occidental and assured depositors that all valid deposits shall be paid up to the maximum deposit insurance coverage of P500,000. Full article
MANILA, Philippines – Manila Electric Co. (Meralco) has issued a warning against bogus payment centers after receiving several complaints from customers whose payments were not remitted or paid to the power utility. Full article
CIMB Group Holdings Bhd, Malaysia's second largest lender, is keen on setting up a banking business in the Philippines as part of its growth strategy in Southeast Asia in anticipation of the ASEAN integration in 2015. Full article