Olongapo SubicBay BatangGapo Newscenter

Thursday, November 18, 2004

Former GMA publicist bags Subic deal

A FORMER publicist of President Gloria Macapagal-Arroyo successfully negotiated a contract to develop a 2.5-hectare property inside the Subic Bay Freeport Zone at a monthly rent of P15 per square meter, according to documents obtained by the Inquirer.

But Dante Ang said he was suspending the project amid suspicions that the contract was a sweetheart deal.

Critics of the contract described it as a sweetheart deal with Payumo since the lease rate that the SBMA would receive from Ang's project was just one-fifth of prevailing lease rates inside the freeport . . . . .

Inquirer News Service
By Antonio Bergonia (follow link for more detail)


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