Notes: 3rd telco really can beat the existing telcos? Foreign investors really think they can beat them? or just wanna a piece of share especially in Metro Manila? How many years should they pour money even after they set up initial infrastructure?
2. The consortium of Megawide Construction Corp. and India’s GMR Infrastructure have signed a contract to build a new passenger terminal for the Clark International Airport in Pampanga.
3. SSS want offshore investment also. The SSS has an investment fund of around P490 billion, seven percent of which can be placed offshore. Investments in government securities has the largest ceiling at 40 percent, while investments in equity can have a maximum share of 30 percent. The cap in membership loans is 10 percent.
Notes: How much money they are putting in local stock now? Does it mean realignment? Hmmm..no details..yet.