Government/DOTC declares MRT3 buyout by purchasing the controlling shares in the MRTC, however they really cannot complete the buyout as they cannot afford it.
The executives of Department of Transportation and Communications (DOTC)private partner MRT Holding Corp. (MRTH) and its subsidiary MRT Corp. (MRTC) says it all. They are of a different opinion, saying that the problems besieging the MRT-3 System, such as long queues, frequent train breakdown, among others, are attributed to the over-all deteriorating condition of the MRT-3 system due to poor maintenance by the current maintenance provider hired by DOTC. ((MRTC is owned by MRT Holdings II Inc. (MRTH-II), which, in turn, is owned by MRT Holdings Inc. (MRTH). Continue reading
Oct. 29, 2014- SM by the BAY, envisioned to be Manila’s premiere destination for leisure and lifestyle activities, proudly announces the opening of its latest addition to its roster of popular outdoor-themed entertainment and leisure facilities. Continue reading
And the season to experience the festivity of Christmas comes alive once again at Resorts World Manila as they start the merrymaking event with the lighting of the gigantic Christmas tree and Parol last Nov. 14, 2014
The season of merrymaking is upon us once again and only one destination pays tribute to the most wonderful time of the year in truly grand fashion. Resorts World Manila (RWM), the country’s pioneering integrated resort, prepares to launch Grand Fiesta 2014—the biggest and longest annual yuletide celebration in the land. Continue reading
No bidders showed up for the bidding of the P2.2 billion maintenance contract of the Metro Rail Transit-3 (MRT-3), forcing the Department of Transportation and Communications (DOTC) to declare a failure of bidding. The spokesman of MRT-3 and Light Rail Transit Authority (LRTA), Hernando Cabrera, said they will review the terms of the three-year maintenance contract due to several issues raised by the prospective bidders. Continue reading