Ayala drops 6-billion Negros project

[timrev]

Ayala Land contract for Bacolod project OKd

MANILA - The Commission on Audit (COA) has approved a contract for Ayala Land Inc. to develop a 7-hectare property in Bacolod, weeks after ALI decided to pull out from the project.
The award had been questioned by Henry Sy's SM Group, which said it had submitted a superior offer.
ALI welcomed the COA approval, but it said its decision to back out from the project is final.
ALI instead it wants to focus on on North Point, a luxury residential project also in Bacolod.

http://www.abs-cbnnews.com/business/...od-project-okd

[lowslowbenz]

Para saan pa ang damo kung wala na ang kabayo (ayala)?

Eh di ipakain sa kambing (sm)!

Genuine progress lost due to politics and grease money. Kanugon!

[vinj]

Para saan pa ang damo kung wala na ang kabayo (ayala)?

Eh di ipakain sa kambing (sm)!

Genuine progress lost due to politics and grease money. Kanugon!

Sad indeed...

And that project would have been walking distance from the house we stay in when we're at Bacolod.

[dfopiso]

mag benefit pa rin mga Negrenses kung SM ang developer. so far ok naman learning curve ng SM (kasi daming pirated from Ayala). kung ibabase sa SM Aura (SM Global City), pwede na rin

[uls]

siguro madami OFW dependents sa province na yan no?

SM chases OFW money everywhere

[dfopiso]

naku sana matuto ng mga OFW na hindi todo maging consumerism

maturuan naman sana silang mag-invest, maging entrepreneur

[uls]

hehe

kaya dami mall sa Pinas. salamat sa OFW

[timrev]

sa mga taga province maganda kasi sa paningin nila yan ganyan project

[vinj]

I was talking to a consumer goods importer/distributor (an established international brand of cosmetics) and their best markets are in the provinces and are mainly driven by OFWs. These OFW purchases really drive consumerism and has been good in keeping the economy going. There's nothing wrong with going to the malls and spending on what you want (yes, even in buying that Montero Sport) as long as we don't fall into the problems of the west which was unmanaged debt in all shapes and sizes. Basta may savings pa rin and debts are managed wisely then things should be okay.

[lowslowbenz]

I was talking to a consumer goods importer/distributor (an established international brand of cosmetics)

OT:

Oy primo "cosmetics" .... Pwede ba sa sosyal, pretty women thread yan? .. :naughty2: