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THE Philippine Competition Commission (PCC) on Monday said that it had approved a joint venture between the Cavite provincial government and a consortium led by Cavitex Holdings Inc. and listed House of Investments Inc. to develop the $11-billion Sangley Point International Airport (SPIA).
The decision was actually reached back in early 2023 and House of Investments had told the Philippine Stock Exchange back in July 23 of this year that it had received a copy of the PCC resolution. It was not immediately known why the PCC only announced the ruling on Monday.
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