Infrastructure: Government plans to rebid Calax in 2015. The special bids and awards committee of the Department of Public Works and Highways said President Aquino has ordered a rebid of the Cavite Laguna Expressway (Calax) project. San Miguel Corp. (SMC-Not Rated) has said that they would participate in a rebid. On the other hand, Team Orion, a joint venture between Ayala Corp. (AC-BUY) and Aboitiz Equity Ventures (AEV-SELL), has said that they will not join a rebid.
Property: FLI secures approval for retail bond offering. Filinvest Land Inc (FLI-BUY) has obtained approval from the Securities and Exchange Commission to offer PHP7b worth of retail bonds with indicative rates of 5.21%-5.56%. The proceeds of the offering will be used to repay debt and partly finance capital expenditure.
Gaming: BLOOM plans to open retail expansion in stages next year. Bloomberry Resorts Inc (BLOOM-BUY) said they plan to unveil the retail expansion of Solaire Resort and Casino in 2015. The retail area will have 100,000sqm and it will be opened in stages.
- Maybank ATR
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