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I'm The King of Business & Technology in the Modern World-Chapter 172: Another Ambitious Move
In the weeks following the groundbreaking of the Aurora Line, Matthew Borja's vision for a revitalized Philippine transportation network began to materialize. Construction sites buzzed with activity, and public sentiment cautiously shifted from skepticism to hope. Yet, Matthew's ambitions extended beyond the Aurora Line. He had been closely monitoring other infrastructure projects, particularly the long-delayed MRT-7, and saw an opportunity to further his mission of transforming the nation's transit landscape.
Sentinel BioTech HQ, Manila — Monday, 9:00 AM
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Matthew sat at the head of the conference table, a large map of Metro Manila and its surrounding provinces spread before him. Red circles highlighted key infrastructure projects, with a particularly bold one around the MRT-7 line.
Angel entered, carrying a tablet loaded with the latest reports. She noticed his focus on the map and took a seat beside him.
"You're thinking about the MRT-7," she observed.
Matthew nodded. "It's been under construction since 2016 and now faces completion delays until 2028 due to design changes. It's emblematic of the inefficiencies plaguing our infrastructure projects."
Angel sighed, scrolling through her notes. "The MRT-7 has been riddled with issues from the start. Right-of-way problems, design alterations, and bureaucratic red tape have consistently pushed back its completion. "
Matthew leaned back, contemplating. "What if we took it over? Acquired the project and streamlined its completion. We have the resources, the expertise, and, most importantly, the drive to see it through."
Angel raised an eyebrow. "Acquiring a government project of that magnitude isn't straightforward. There are legal, political, and financial hurdles. Plus, San Miguel Corporation currently holds full ownership of the MRT-7 project. Convincing them to sell would be a challenge."
Matthew tapped his fingers on the table. "San Miguel has faced its own set of challenges with the project. If we present a compelling case, emphasizing our commitment to efficient completion and public benefit, they might be open to negotiations."
Angel nodded slowly. "Assuming we navigate that, there's the matter of government approval. Such a move would attract significant attention, especially from politicians who may see this as an opportunity."
Matthew's expression darkened. "You're referring to the pervasive corruption in our infrastructure projects."
"Exactly," Angel replied. "Corruption in the construction industry has been a persistent issue, with reports indicating that it can consume up to 35% of a project's budget. Politicians and officials may expect 'incentives' to facilitate the acquisition. Moreover, some may view our involvement as a threat to their interests."
Matthew clenched his jaw. "I won't play that game. This is about delivering results for the people, not lining the pockets of a few."
Angel gave a small smile. "That's precisely why you're the right person for this. But we need a strategy. First, we should initiate discreet conversations with San Miguel's leadership to gauge their openness. Simultaneously, we can engage legal experts to explore the feasibility of such an acquisition and the regulatory pathways."
Matthew agreed. "Let's also prepare a comprehensive proposal highlighting how our takeover would expedite completion, reduce costs, and benefit the public. Transparency will be our ally. If we keep the public informed and engaged, it will be harder for detractors to undermine our efforts."
Angel made notes on her tablet. "Understood. I'll assemble a team to start the preliminary work. But be prepared, Matthew. This will be a battle on multiple fronts."
He met her gaze, determination burning in his eyes. "We've faced adversity before. We'll face it again. But we owe it to the Filipino people to try."
San Miguel Corporation Headquarters, Manila — Wednesday, 2:00 PM
The boardroom was expansive, with floor-to-ceiling windows offering a panoramic view of the city. Matthew and Angel sat across from San Miguel's CEO, Mr. Ramon Ang, and his team.
After the customary pleasantries, Matthew got straight to the point. "Mr. Ang, we recognize the efforts San Miguel has invested in the MRT-7 project. However, given the recent challenges and delays, we believe that a collaboration or potential acquisition by Sentinel BioTech could accelerate its completion and deliver the benefits to the public sooner."
Mr. Ang leaned back, steepling his fingers. "It's an intriguing proposition, Mr. Borja. San Miguel is committed to seeing the MRT-7 through, but we're also aware of the obstacles. What do you propose?"
Matthew exchanged a glance with Angel before responding. "A structured acquisition where Sentinel BioTech assumes operational control, with San Miguel retaining a stake to honor its initial investment. Our focus would be on streamlining processes, injecting additional capital, and leveraging our project management expertise to expedite completion."
Mr. Ang nodded thoughtfully. "I won't dismiss the idea outright. However, such a move would require extensive discussions and, importantly, government approval."
Senate Building, Manila — Friday, 10:00 AM
News of the potential acquisition had leaked, and the Senate convened a hearing to discuss the implications. Matthew and Angel sat in the front row, facing a panel of senators.
Senator Villanueva, known for his reformist stance, addressed Matthew. "Mr. Borja, your commitment to infrastructure development is commendable. However, concerns have been raised about the privatization of such a significant public utility. How do you address fears that this could lead to monopolistic practices?"
Matthew responded calmly, "Senator, our intention is not to monopolize but to mobilize. The MRT-7 has faced prolonged delays, and the public continues to suffer. Our goal is to bring efficiency and transparency to its completion, ensuring that the Filipino people reap the benefits without further delay."
Senator Reyes, whose reputation was marred by corruption allegations, leaned forward. "Mr. Borja, large-scale projects often require... facilitation. Are you prepared to navigate the complexities of government partnerships?"
Matthew met his gaze steadily. "Senator, if by 'facilitation' you mean engaging in corrupt practices, then no, we are not prepared to do so. Our operations are rooted in integrity and transparency. We believe that with public support and adherence to the law, we can overcome bureaucratic challenges without resorting to unethical means."
A murmur spread through the room. Angel whispered to Matthew, "That might have been too direct."
He whispered back, "They need to know where we stand."
Public Reaction
The media was abuzz with discussions about the potential acquisition. Opinion pieces ranged from supportive to skeptical.
The Philippine Daily Inquirer published an editorial titled "A Bold Move for Progress," stating, "Borja's initiative could be the catalyst needed to break the cycle of inefficiency in our infrastructure projects."