Philippine Infradev HoldingsINFRA 0.53 ?1.9; 0 avgVol link disclosed that its board of directors reappointedAntonio Tiuas President of INFRA and elected him as a director of the company that he resigned from 16 months ago. Mr. Tiu originally resigned from INFRA and other companies in his orbit to focus onAgriNurtureANI 0.55 ?1.8; 50 avgVol, his agriculturefocused export business. INFRA is the company behind the Makati Subway project, the viability of which was recently thrown into question by the court s decision in favor of Taguig on the longstanding boundary dispute between Makati and Taguig.MB BOTTOMLINE:Is this a signal that some of the political moves by the Binays in the background are about to pay off for INFRA, or is it just some random event that is essentially meaningless to the grand scheme of the Makati Subway? The TaguigMakati dispute basically made the subway plan impossible, and I haven t heard any updates on it since we last heard INFRA reps talking about modernizing the project to maybe another plan for another form of subway, another form of transportation, but still the rail. link What do ANI shareholders have to show for the benefit of Mr. Tiu s undivided attention? ANI stock is down 92. INFRA is only down around 40 over the same period. . Merkado Barkada is a free daily newsletter on the PSE, investing and business in the Philippines. You can subscribe to thenewsletterorfollow on Twitterto receive the full daily updates. Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Signup for the News Round now
Antonio Tiu is reappointed as President of Philippine Infradev Holdings after resigning to focus on his agriculture business. The company is known for the Makati Subway project, which faced setbacks due to a boundary dispute. Speculations arise about political influence on INFRA's future. Meanwhile, AgriNurture, under Tiu's leadership, has seen a significant drop in stock value.