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The Pasay City Government entered into a contractual Joint Venture Agreement (JWA) with Pasay Harbor City Corporation (PHCC), a special purpose corporation that will engage in a 265-hectare (650-acre) land reclamation on the municipal waters of the city. [1] It was approved by the Philippine Competition Commission in September 2019. [1] [2]
Negros Power was created as a joint venture between Primelectric Holdings Inc. (a subsidiary of MORE Power, an electric power company serving Iloilo City) [1] and Central Negros Electric Cooperative (CENECO). Under the agreement, Primelectric acquired more than PHP2 billion worth of assets from CENECO, as well as having a 70 percent stake in ...
Under a concession agreement, private companies collect and own revenues from water tariffs. In return they have to pay for operating costs, investments and in the case of Manila a concession fee to the Filipino government to pay for the legacy debt and the relatively modest cost of running a regulatory office. [citation needed]
Manila-based production outfit Parallax Studio and entertainment company Saga Film Studios have formed a joint venture that will distribute the two-part Western epic “Horizon: An American Saga ...
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or ...
The airline is a joint venture between three Filipino businessmen and AirAsia. 60% of the airline is owned by Filipino investors Antonio O. Cojuangco, Jr., former owner of Associated Broadcasting Company and owner of Dream Satellite TV, Michael L. Romero, a real estate developer and port operator, and Marianne Hontiveros, a former music ...