Aboitiz in talks to bid for Mirant Philippines

Aboitiz Equity Ventures Inc. (AEV.PS: Quote, Profile, Research) is talking with four or five foreign companies about forming a partnership to bid for the Philippine power assets of Mirant Corp. (MIR.N: Quote, Profile, Research), its chief operating officer said.

Erramon Aboitiz told reporters late on Thursday night that the Philippine holding group had not decided which foreign firm to partner with for the power plants, valued by some analysts at up to $3 billion.

Read More

Comments

Post a Comment

Popular posts from this blog

Philippines rushes to contain oil spill

The Philippines rushed ships and equipment on Monday to the seas surrounding the central island of Guimaras to stop the country's potentially largest oil spill from spreading to other coastal areas. The Philippine Coast Guard said it had sent two ships to search for two missing crew and help in the clean up of bunker oil that leaked from a tanker which sank near Guimaras on Friday. "Based on an aerial survey yesterday, the spill now covers 15 square nautical miles," Lieutenant Joseph Coyme, Coast Guard spokesman, told Reuters. Read More
Read more

On The Bloody Dispersal

The number of death on the side of the protesters has increased from 7 to 14 as of the report today ( source ). Both sides were blaming each other for firing the first to shots who triggered the riot ( source ). But, the Department of Justice said that both parties could be held liable on the death and injuries of the protester ( source ).
Read more

Living in the Philippines is Hard

I really feel hard living here in the Philippines. Prices of commodities went high. Even if the prices of gasoline and other oil products went down by 1 Peso, but still their too high for me. Besides, even if the prices of these products will reach 20 pesos but I am sure that the prices of other goods will not go down. I already noticed it. Few years ago, gasoline reached the 56 pesos price. Then after several month, it went down to 47 pesos and stayed at that price for a time. However, even if the price of gasoline is in that level, prices of other goods did not go down even a Peso. But then when the price of gasoline went up to 63 pesos per litter, other goods' prices went up too so fast. And when the price went down to 60 pesos, none of the other goods has dropped the price. That's the reason why I decided to transfer residence. Although I am still in the Philippines but the good thing is that here in my new address, I can eat food without buying them for they are avai...
Read more