MEGAWORLD CORP. is poised to emerge the winning bidder for an 8.38-hectare military property in Taguig City if its revised offer successfully hurdles a final verification process this week, the Bases Conversion and Development Authority (BCDA) yesterday said.

The P50-billion bond float of the National Development Co. (NDC) will be strictly used for infrastructure projects identified under the government’s Medium Term Infrastructure Program.

AYALA Land Inc. will spend up to P22 billion to develop a new central business district next to its Trinoma Mall, and on a 29.1-hectare property that stretches from Edsa to Agham Road in North Triangle, Quezon City.

The world’s prime movers from the housing, construction and related industries will converge on September 7 to 9, 2009 for the premier regional industry conference – the 2nd Asia-Pacific Housing Forum. This year’s forum, co-organized by Habitat for Humanity International in partnership with principal sponsor, the International Federation of Red Cross and Red Crescent Societies, is centered on the theme “Maximizing Urban Poverty Housing Solutions for Greater Results.”

The government plans to sell several properties in the Ortigas district as well as the cities of Muntinlupa and Mandaluyong next year as part of efforts to raise much-needed revenues to plug its huge budget deficit.

Zuellig Building, the high-rise project being constructed at the corner of Paseo de Roxas and Makati Avenues in Makati City, is the latest development declared by the Philippine Economic Zone Authority as an information technology center.

Development Bank of the Philippines is preparing a P15-billion long-term financing deal for proponents of the Tarlac-La Union tollway project, DBP president Reynaldo David told reporters.

Baguio City — A Singapore-based public safety company will showcase a new technology that is touted to prevent landslides, rockslides, and mudslides that frequently result in the closure of roads in the different parts of the Cordillera, the Department of Public Works and Highways (DPWH) announced over the weekend.