SM Consortium Confident to Win Light Rail Single Ticketing Project

SM Consortium, led by SM Investments Corp. with members BDO Capital and Investment Corp., Advanced Card Systems Ltd. and Penta Capital Investment Corp., is confident of a favorable result in the ongoing financial evaluation of the MRT/LRT Automated Fare Collection System Project.

 

“With no cost to the government to build and modernize the ticketing system and a one-time concession fee of One Billion Eighty Eight Million pesos P1,088,000,000 to be paid to the government unconditionally, we believe that our proposal is most advantageous to the government and the riding public,” said Norman T. Pe, senior vice president of Penta Capital.

 

The Department of Transportation and Communication is now evaluating the proposals of the three bidders– AF Consortium led by BPI, SM Consortium and Comworks Berjaya Consortium – which passed the technical proposal stage.

 

“SM, the country’s largest retail chain, will be able to maximize the potential of this innovation through the wide retail acceptance and other applications,”added Denny Wong, chairman of Advanced Card Systems Ltd of Hongkong.

 

The winning bidder will be announced before Dec. 24, 2013 and notice to proceed is expected to be issued in the third week of January 2014.  

VIRTUAL CARD FOR ONLINE SHOPPING

In this century, the technology is rising, growing and innovating in the whole world. Even before and today we can buy or shop our basic needs without going to the malls, retails and other business establishments or organizations through online shopping.

Yesterday, Banco De Oro (BDO) has delivered me a BDO Virtual Card for online shopping purposes only. After receiving it, I think many times if I will use the card or not. Since, I am a new blogger who is willing to be train and be familiarize in online services or related Internet matters may be I can use the card with a purpose only. What I mean is spending using the card for a good reason. In fact, it is my desire to save more money for my future and I really want to bring back more to God what He has given to me for His glory.

By the way, just to inform the readers about the features of the BDO Virtual Card is with details as follows:

1. It is a credit card designed exclusively for use in the Internet.

2. I has a diffirent card number from the regular BDO credit card to protect the regular card number and credit line.

3. It’s is like a supplementary card that is linked to the BDO credit card account.

4. Adjustable credit line lets you define your limit according to your online purchasing needs.

5. No Annual Membership Fee. It’s free with the regular BDO credit card.

Obviously, those who has a regular BDO credit card can only avail the BDO Virtual Card.