Manila, Philippines
Vol. 1 No. 173 | Wednesday  May 31, 2006
 
 
 
 
 
  Companies
  Shipping
 
  Perspective
  Life
  Sports
  Environment



Anchored by Jonathan dela Cruz, Salvador Escudero,
Boying Remulla, Teddy Boy Locsin and Alvin Capino

Monday to Friday,
8-10 a.m.


Click here to listen to Karambola.


Govt unable to decide on Poro Point tiff

A STATE-LED agency tasked to manage the facilities of former US military bases in the Philippines announced Monday its inability to nullify a contract for a sea port in the North.
       “We have no powers to nullify contracts,” Narciso Abaya, president and chief executive officer of the Bases Conversion Development Authority (BCDA), said in a statement.
       Abaya was reacting to reports that some sectors are allegedly apprehensive about the reported plan by the government to declare null and void the contract of Bulk Handlers Inc. to operate Poro Point. He said such apprehensions are unfounded and without legal basis.
       The BCDA chief said the concerns raised by a supposed citizens’ group in Northern Luzon was based on a resolution passed by Poro Point Management Corp., a subsidiary of BCDA, declaring the contract between the state-led agency and BHI void.
       In the same statement, Abaya said that the BCDA’s main concern now is to continue its various conversion and development projects in former US military bases to uplift the lives of Filipinos.

 

web our site

FRONTPAGE

Jetro poll: Biz outlook dim

BSP shuns deal with Banco Filipino

RP still lags in education, health delivery, says WB

Big banks pick up pieces of UITF mess

Halt to loss provisioning will boost Meralco’s bottom line
SHIPPING
Industry harbors no interest in port

No upgrade for Mindanao pier

Govt unable to decide on Poro Point tiff

Passengers in UK vessel hit by virus


COPYRIGHT © 2005 Philippine Business Daily Mirror Publishing, Inc.
All rights reserved. Read our privacy guidelines.