BCDA mulls options on Boni property offer

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MANILA, Philippines – State-run Bases Conversion and Development Authority (BCDA) is studying actions it can take for the lifting of a temporary restraining order (TRO) issued by the Supreme Court on the bidding of the Bonifacio South Pointe property.

“Our legal team is studying and working on how we can have the TRO lifted,” Nena Radoc, BCDA vice president and chief finance officer said in a telephone interview over the weekend.

“We are looking at filing a motion for reconsideration,” she added.

She said the TRO was issued by the Supreme Court last week.

SM Land Inc. filed a petition for mandamus with the Supreme Court in November asking to proceed with its unsolicited proposal for the development of the Bonifacio South Pointe.

Taken from:

http://www.philstar.com/business/2013/01/14/896529/bcda-mulls-options-boni-property-offer

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