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.  

THE BIG OUTLET & TRAVEL SALE 2011

BPI and Malibu Enterprise welcomes  you to the BIG Outlet & Travel Sale 2011!!!

It is time to enjoy all the best deals with the biggest brands plus Book & Buy and discounted rates on hotels, resorts and airfare! Buy everything you need for your next big getaway in this 3-day extravaganza!

WHERE: The Megatent, 30 Meralco Ave., Ortigas Center, Pasig City (bet. DeEd and Renaissance)

WHEN: October 14 – 16, 2011, Frifay-Sunday, 10am-9pm.

WHAT:  (a) Up to 90% off on Selected Merchandise plus Book & Buy Promos from Resorts & hotels; (b) Free Entrance to BPI Cardholders (with valid ID); (c) Additional perks for BPI Express Credit Edge and Petron Mastercard holders!; (d) Hourly Raffle Draws for BPI Edge & Petron Matercard holders and (e) Chance to win Sun Cellular post-paid line + Mobile Phones!

WHO:BPI Express Credit Edge, BPI Petron Mastercard and Malibu Enterprise

Travel Merchants: AirPhil Express, Microtel Philippines, The Tides Hotel Boracay, Movenpick Resort & Spa Cebu, Las Casas Filipinas, One Tagaytay Place, Hotel Elizabeth, Fersal Hotel, etc…

Brands: PowerMac Center, Ipanema, Levi’s, Nike Golf, Dupe’, Rudy Project, Crumpler, Cushe, Hush Puppies, Melissa, Adidas, Puma, Devant, Nike, Accel, Rustan Marketing Corp. Cutting Edge,  JA Henckels, Manny O Wines, Canopy Homes, Parker, Chocolate Clothing, Dockers, R.A.F., Plains & Prints, Guerlain, Grendha, Giordano Ladies, Pac Sports, Sebago, Targus, Switch, Digital Walker, Audio Technica, Ideal Vision, Speck, Slazenger, Maldita, and many many more!

Stated above is the details for the event and as part its campaign, for the first ten (10) persons who will comment in this blog post will receive one (1) ticket for each person. Please be informed that only one entry per person. Indicate also your full name and email address. Deadline is on October 10, 2011. Thank you everyone.