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Two zones in Makati placed under 3-day lockdown due to COVID-19 cases

Published March 13, 2021 1:06pm
Makati City Mayor Abby Binay ordered a three-day lockdown imposed on two zones in Barangay Pio del Pilar in the city due to the rise in COVID-19 cases.
The two zones, considered critical zones, are:
Zone 1
Jerry St. (whole street)
M. Reyes St. (from Cuangco St. to Arguelles St.)
Zone 2
Apolinario St. (from Arguelles St. to Calhoun St.)
Calhoun St. (from A. Apolinario St. to Evangelista St.)
Evangelista St. (from Calhoun St. to Arguelles St.)

The lockdown, termed as localized enhanced community quarantine (LECQ) started at 12:01 a.m. on Saturday, March 13, and will end at 11:59 p.m. on Tuesday, March 16. ....

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Makati subway builder inks deal for lot acquisition, financing for project's main station

Makati subway builder inks deal for lot acquisition, financing for project’s main station
By TED CORDERO, GMA News
Published March 12, 2021 4:46pm
Listed Philippine Infradev Holdings Inc., the builder of the Makati City Subway, has secured a deal for the financing and land acquisition for the main station of the underground train system project.
In a statement on Friday, Infradev said its wholly-owned subsidiary Makati City Subway Inc. (MCSI) signed a joint venture agreement with Richer Today Inc. (RTI).
The company said MCSI formed an unincorporated joint venture with RTI for the “financing, design, construction, development, marketing, and sale of some 5.5 hectares of lots in and around Station 5 of the Makati City Subway Project.” ....

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Singapore's Redco withdraws Makati Subway share purchase deal

Published March 12, 2021, 2:19 AM
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 March 9, 2021 was informed by the parties of the withdrawal their merger notification on the Makati Subway transaction citing circumstances arising from the COVID-19 pandemic.
“The parties withdrew their notification of the transaction currently undergoing merger review, and informed the MAO that they decided not to pursue the transaction and to terminate their Share Purchase Agreement due to circumstances arising from the COVID-19 pandemic,” the PCC through its Mergers and Acquisitions Office (MAO). ....

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Connectivity as an Enabler of the Economy

Connectivity as an Enabler of the Economy
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