TODAY'S BUSINESS HEADLINES

Telcos say networks still up despite heavy rains, flooding in Metro Manila 19-Sep-14, 4:48 PM | Darwin G. Amojelar, InterAksyon.com

Premium Leisure suspends trading, begins roadshow for share sale 19-Sep-14, 2:39 PM | Krista Angela M. Montealegre, InterAksyon.com

GT Capital's power sector arm turns on new Cebu plant ahead of schedule 19-Sep-14, 2:24 PM | Euan Paulo C. Añonuevo, InterAksyon.com

Parts of Meralco franchise area, Luzon cut off from power by 'Mario' 19-Sep-14, 1:12 PM | Euan Paulo C. Añonuevo, InterAksyon.com

Torrential rains spawned by 'Mario' shutter PH financial markets 19-Sep-14, 12:27 PM | Krista Angela M. Montealegre, InterAksyon.com

PDIC to auction off Davao City real properties on August 1

InterAksyon.com means BUSINESS

MANILA - The Philippine Deposit Insurance Corp. will auction off 130 pieces of real property in Davao on August 1.

In a statement, the state deposit insurer on Wednesday said the properties will be sold on an "as-is, where-is" basis.

The properties up for auction have a combined value of at least P243.88 million.

The bidding will be held on the 3rd Floor, Seminar Hall, Main Building, BSP Davao Regional Office, Quirino Avenue, Davao City.

Up for bidding are 42 condominium units, 29 parking spaces and 59 residential lots. The condominium units and parking spaces are located at Landco Corporate Center, Pryce Business Park, J.P. Laurel Avenue, Bajada, Davao City, while the residential lots are located in Luzville  Subdivision, Panacan in the same city.

The list of assets and their descriptions can be accessed at the PDIC's official website, www.pdic.gov.ph.

The insurer will receive sealed bids only from direct buyers from 9:00 a.m. to 2:00 p.m.

"No extension will be given for the submission of bids. Bidders are likewise advised to come early for the registration. Only bidders will be allowed entry to the venue," PDIC said.