By Marianne V. Go
The Subic Bay Metropolitan Authority (SBMA) announced yesterday that the joint venture composed of Penta Ocean Group, Shimitsu Corp. and TOA Corp. submitted the lowest bid of P5.226 billion for the Subic Bay Port Development project.
The other bidder, Toyo Corp. of Japan, submitted a quotation of P5.589 billion which is P363 million higher
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