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MANILA, Philippines — A coalition supported by business and civil organizations once again enjoined the government to consider the construction of "underground storm drainage tunnels" as a permanent solution to Metro Manila floods, particularly along EDSA.
Construction of the Bataan-Cavite Interlink Bridge (BCIB) and Panay-Guimaras-Negros Inter-Island Bridges (PGNIB) is expected to start within the next two years, Department of Public Works and Highways (DPWH) Secretary Manuel Bonoan told senators on Tuesday.
The President of the Philippine Stock Exchange [PSE 176.40, up 0.0%; 7% avgVol], Ramon Monzon [link], said in an interview that the PSE is drafting a rule to penalize companies that push their public float below the PSE’s minimum public ownership (MPO) threshold before completing a tender offer. According to Mr. Monzon, the rules are meant to protect minority investors from the quirk in our rules that makes selling shares of a company suspended for an MPO violation subject to CGT and DST. The proposed rule change would push the burden of filing and paying the CGT and DST for each share to the company with the MPO violation. Mr. Monzon did not say when the proposed rule would become effective but said that the exchange would solicit comments from concerned parties in the near future.
Senator Christopher "Bong" Go extended aid to affected households that have been impacted by a fire in Barangay Poblacion, Bagumbayan in Sultan Kudarat on Wednesday, October 4.
PROPERTY developer Philippine Infradev Holdings Inc. and the Makati City government still have no plans to include Taguig City in their joint venture agreement to build a subway.
The Department of Transportation (DOTr) on Monday broke ground for the construction of bike lanes in parts of Elliptical Road and Commonwealth Ave. in Quezon City.
The Marcos administration inaugurated the Arterial Road Bypass Project Phase III (ARBP III) Contract Package 4 in Bulacan on Monday, which will reduce the travel time from Balagtas to San Rafael in Bulacan from one hour to just 24 minutes.