Antonio Tiu proposes to build modern tram in Manila

Chinese-Filipino businessman Antonio Tiu, through his firm Greenergy Holdings Inc., has officially submitted an unsolicited proposal to develop and operate a modern tram system in the city of Manila.

The project, estimated to cost around P500 million, will be in partnership with foreign companies

According to the Philippine Daily Inquirer, Tiu is seeking a 25–year.concession to operate the tram which will span 12 to 13 kilometers from Port Area to Vito Cruz, Manila.

The tram may be extended all the way to the Ninoy Aquino International airport.

Tiu also leads the consortium which sealed a deal to build a 10-kilometer subway system in Makati City, slated for completion by 2024 or 2025.

Converge backs infrastructure sharing to lower costs

Bilyonaryo Dennis Anthony Uy’s Converge ICT Solutions Inc. is supporting a proposal that allows telcos or internet service providers to share the cost of installation of underground pipes for telecommunication cables whenever new road infrastructure is built.

Converge backs infrastructure sharing to lower costs

Bilyonaryo Dennis Anthony Uy’s Converge ICT Solutions Inc. is supporting a proposal that allows telcos or internet service providers to share the cost of installation of underground pipes for telecommunication cables whenever new road infrastructure is built.

Fraud trial opens of former Swedbank CEO

Former chief executive of Swedish bank Swedbank, Birgitte Bonnesen, went on trial in Stockholm on Tuesday to answer fraud and market manipulation charges, three years after a money laundering scandal implicating her bank erupted.