Results 21 to 30 of 59
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May 4th, 2007 01:50 PM #21
may niluluto din ang Shimao Group dito sa BGC.. pag natuloy to.. mas malaki to sa investment nang TI.. $2B-$4B daw to pag natuloy..
Shimao takes risk, joins bidding in Global City
By Max V. de Leon Reporter
CHINESE land developer the Shimao Group is taking a calculated risk by joining a competitive bidding to secure a lease agreement for the 7.4-hectare government property in Fort Bonifacio where it plans to put up a $2-billion hotel-commercial-residential complex.
Shimao officials, according to trade secretary Peter B. Favila, are really bent on getting their hands on that property they originally picked near the Department of Energy office even if it means going through a cumbersome public bidding.
The 7.4-hectare lot is owned by the state’s Bases Conversion and Development Authority (BCDA).
“Shimao wants what they saw, probably because of Feng Shui, I don’t know,” Favila told reporters.
Favila earlier advised Shimao to have a joint venture with Fort Bonifacio Development Corp., which owns lands in the area, or the MetroBank group, which also has a big property nearby.
This way, Favila said Shimao just needs to sign a contract with the landowner without going through public bidding.
President Narciso Abaya of the BCDA, who just arrived from a meeting with Shimao’s chairman Hui Wing Mao in Hongkong, reiterated the advice.
Still, Favila said Shimao made it clear it wants to go at it alone and develop its preferred site.
“The BCDA told them that we should go to the bidding, and they said it’s okay,” Favila said. “Shimao wants to go solo. I think they want to be alone.”
With this, Favila said the BCDA will now prepare the terms of reference for the bidding.
He said the target date for closing the deal is within the month.
Shimao wants to develop the 7.4–hectare lot to a high-end, mixed-use complex sprinkled with a 5-star hotel, condominiums, offices and retail shops.
Abaya said Shimao is a “world-class, fast-paced developer” that could finish a 900-room twin-tower luxury hotel in 18 months, as what they did with the Hyatt Hotel at the Bund in Shanghai.
Shimao’s entry into the local scene sets “a new standard in real-estate development in the Philippines,” Abaya added.Last edited by _Qwerty_; May 4th, 2007 at 01:52 PM.
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May 4th, 2007 05:59 PM #22
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May 4th, 2007 06:02 PM #23
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Tsikoteer
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May 4th, 2007 11:52 PM #24ayaw ng mga Amerikano sa Union. Got some info also that Cypress and Analog Devices are also planning to transfer their operations in China.
sana sa Laguna Techno park na lang magtayo ang TI para madaling makapag apply hehehe.
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May 5th, 2007 12:16 AM #26
dib aparang may offices na sila sa baguio? texes instruments? this is good news kung mag eexpand pa sila. hindi lang pang call center ang pilipinas. ahehehe
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May 5th, 2007 12:20 AM #27
Sana bumaba pa ang electricity rates para marami pang susunod sa TI. Isa sa mga complaints ng mga semicon companies yan eh tapos hindi pa stable. Tama si Mike Enriquez eh, bakit nga ba wala kang maririnig sa mga kumakandidato na isa sa mga priorities nila is mapababa ang singil sa kuryente?
Is Intel really moving out or is it just streamlining its operations? I heard they will just be transferring microprocessor production to its other plants abroad and RP will be producing chipsets only. Sort of a specialization for each country where Intel has operations. If it is moving out, then that's a big blow to the economy. Intel is one of the country's biggest exporter.
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May 5th, 2007 01:18 AM #28
TIPI is the top electricity user north of manila,we're spending millions for electricity alone.
with regards to the new site in clark, its really a good news for us..bago nafinalize yung sa clark, madami po itong pinagdaanan, one of its top competitor is china, their offer to TI is really great, isang pinagmamalaki nila eh yung sahod ng tao dun, yung sahod ng isang pinoy is equal to 3 chinese
workers salary. but still, dito pa rin ang bagsak ng project. the TI clark willn be operational in 18 months time, one plan is to bring some of the workers here in TI baguio to be relocated in clark, that would be for the start of the plant.
also, PHASE 5 of TI baguio is nearly on completion, at it will be operational this september, and it would mean additonal work to our fellow Filipino's especially the ones here in cordilleras.
i still got a lot to talk about this thread pero bibitinin ko muna..
i would like to congratulate our BOSS's here in TI.
i'm proud of being a part of this company.
there are lots of things to
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May 5th, 2007 01:52 AM #29
saint_benidict - 'Di ba taboo ang union diyan sa TIPI?
Glad to know that TI Clark will be up and running soon.
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May 5th, 2007 08:43 AM #30
Kwento ng katrabaho ko, meron daw sya officemate dati na Italiano na tinanong daw bakit...
Traffic!