Floating Casino Taken into Gov’t Custody

Wednesday, October 10, 2007
The Philippine government has taken custody of the MV Philippine Dream, also known as the Floating Casino, following its recent auction to a Singaporean firm, an official said. Neri Yu, legal officer of the Bureau of Internal Revenue (BIR-7) in Central Visayas, said a Philippine Coast Guard vessel secured the ship while the bureau is still waiting for the payment from Aston PTE Ltd., the winning bidder. Yu said Aston PTE Ltd. is already preparing $1.34m, which will be wired from a bank in Singapore to a bank in Mandaue City. Once payment is made, the bureau can execute a certificate of sale and the winning bidder can take custody of the vessel. The Singaporean firm, however, has asked if it would shoulder the $272,707 lien of the Bureau of Customs. Yu said the BIR Central office will resolve the matter within the week. For now, Coast Guard personnel, Bureau of Customs (BOC) and BIR representatives will guard the floating casino. The Coast Guard ship will remain anchored beside the vessel until payment is made. [Source: http://globalnation.inquirer.net]

Education/Training

SUNY Maritime Among 'Best Bang for the Buck' Colleges

SUNY Maritime College has been named one of the best colleges for its price by Washington Monthly.   SUNY Maritime placed in the top 30 schools in the Northeast.

Coast Guard Foundation Awarded 128 Scholarships

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Danish Maritime Authority Supports Maritime Cultural Days

The Danish Maritime Authority's buoy tender ’POUL LØWENØRN’ will be alongside in Korsør in connection with the Maritime Cultural Days. The vessel will be open to visitors throughout Saturday,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0834 sec (12 req/sec)