The government is eyeing the conduct of a Swiss challenge for the Laguindingan Airport International Airport and Bohol-Panglao International Airport within the first quarter of the year. Transportation Secretary Jaime J. Bautista said the National Economic and Development Authority (Neda) already issued the green light to proceed. “Laguindingan, it will…
■ Jane B. Cadalig Will Republic Act 11966, or the Public-Private Partnership (PPP) Code that became effective in December last year stall the implementation of Baguio City’s seven multi-million unsolicited project proposals? As far as the City Legal Office is concerned, the new law will not stop the implementation of PPP projects that were already
Brookfield and Everstone-backed IndoStar sells bad loans under a senior-junior structure under a Swiss auction. The senior class comprises 38-40% of the principal amount which Encore will pay as upfront cash. The junior class which is 60-62% of principal loan, is split into cash and security receipts. Of the junior class, IndoStar would receive cash and subscribe to the security receipts.
Earlier this week, the board of directors of Bandhan Bank on December 21 approved the transfer of non-performing loans (bad loans) amounting to Rs 776 crore to an asset reconstruction company (ARC).