+ Follow CENTRAL BAY DEVELOPMENT CORP Tag
CENTRAL BAY DEVELOPMENT CORP
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 230054
[Title] => CyberBay stockholder may bring case for int’l arbitration
[Summary] => Prime Orion Philippines Inc. (POPI) said it will take its case to international arbitration should the Supreme Court refuse to reverse its final ruling nullifying the joint venture agreement forged between the Public Estates Authority and the Amari Coastal Bay Development Corp. for the development of reclaimed land in Manila Bay.
POPI owns 25 percent of Amari, now known as Central Bay Development Corp. (CyberBay).
[DatePublished] => 2003-12-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 229666
[Title] => Prime Orion to re-appeal SC final ruling
[Summary] => Prime Orion Philippines Inc. (POPI) said it will re-appeal the final ruling of the Supreme Court nullifying the joint venture agreement between the Public Estates Authority (PEA) and the Amari Coastal Bay Development Corp. to develop 153 hectares of land reclaimed from Manila Bay.
The SC declared as null and void the amended joint venture agreement (AJVA) of PEA and Amari, now known as Central Bay Development Corp., for alleged violation of the constitutional provision prohibiting private corporations to own land of public domain without going through a public bidding.
[DatePublished] => 2003-11-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 199270
[Title] => PSE vows support for Cyber Bay investors
[Summary] => The Philippine Stock Exchange (PSE) has vowed to throw in its support for the beleaguered stockholders of Cyber Bay Corp. (former Amari Coastal Bay Development Corp.) after declaring they will all exhaust all legal means to protect their multi-billion peso investment in the 750-hectare Manila bay reclamation project.
[DatePublished] => 2003-03-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 198083
[Title] => Cyber Bay asks SC to set date for pending appeal
[Summary] => Publicly-listed property developer Cyber Bay Corp. has asked the Supreme Court to set its pending appeal for hearing on an oral argument due to the "complicated nature of the case and so that all issues relating thereto may be clearly and carefully explained."
In its letter to the Philippine Stock Exchange, Cyber Bay confirmed that its foreign investors, Italian Thai Development Co. Ltd. and Centasia Group Ltd. "are one with the corporation in asking government to honor the PEA-Amari contract."
[DatePublished] => 2003-03-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 173241
[Title] => Cyber Bay stops work on Coastal Road project
[Summary] => Cyber Bay Corp. has suspended reclamation and development works along the Manila-Cavite Coastal Road in southern Metro Manila due to the Supreme Court ruling that nullified this joint venture deal with the government.
[DatePublished] => 2002-08-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 172259
[Title] => SC decision on PEA-Amari deal to cost gov’t P9.4 billion
[Summary] => The government stands to repay about P9.4 billion in expenses incurred by property consortium Cyber Bay Corp. in the suspended Manila-Cavite Coastal Road reclamation and development project, a company official said.
Cyber Bay corporate secretary Ray Espinosa said this is in the event the Supreme Court denies their pending motion for reconsideration over a July 9, 2002 ruling that nullifies the amended joint venture agreement (AJVA) between the Public Estates Authority (PEA) and Central Bay Development Corp., a wholly-owned subisidary of Cyber Bay.
[DatePublished] => 2002-08-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 169263
[Title] => Cyber Bay to challenge SC ruling
[Summary] => Publicly-listed property development firm Cyber Bay Development Corp. yesterday said it is preparing moves to challenge the recent Supreme Court ruling nullifying its multi-billion peso deal with the government on a massive land reclamation and development project along the coastal portion of Manila.
In a short disclosure to the Philippine Stock Exchange, Cyber Bay said they have received an official copy of the SC decision and have referred this to their legal counsels for proper action.
[DatePublished] => 2002-07-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 167846
[Title] => PSE halts trading of Cyber Bay stocks
[Summary] => The Philippine Stock Exchange (PSE) has temporarily halted trading in Cyber Bay Development Corp. as its share price dropped toward the 40 percent floor limit, despite the company’s disclosure that it has not yet received formal notice of the Supreme Court decision nullifying its deal with the Public Estates Authority (PEA).
The biggest loser in yesterday’s trades, Cyber Bay’s shares dropped 12 centavos to 18 centavos on total volume of 10.18 million valued at nearly P2 million.
[DatePublished] => 2002-07-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
