The ongoing construction of the Makati City subway system hit a snag after the recent Supreme Court decision finding some areas previously within the jurisdiction of Makati City to be within the jurisdiction of Taguig City instead.“Under the Joint Venture Agreement executed between the Makati City...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for the builder of the Makati City Subway, the Department of Finance (DOF) announced.
In a statement released by the DOF on Monday, Nov. 8, it said that the FIRB took into consideration the projected increase...
Redco Transit Development Pte Ltd. (Redco) of Singapore has terminated its planned acquisition of shares in Makati City Subway Inc. (MCSI) from Philippine Infradev Holdings Inc. (PIHI) and Hong Kong Binjiang Industrial Limited (HK Binjiang).
The Philippine Competition Commission (PCC) on...
Philippine Infradev Holdings, Inc. announced that its wholly-owned subsidiary Makati City Subway, Inc. has executed a legally binding Term Sheet with Richer Today, Inc. (RTI) for a new joint venture.
In a disclosure to the Philippine Stock Exchange, the firm said the Term Sheet provides that...
