Arnel Casanova’s highly-publicized disputes not only with
CJHDevCo but also with other private developers, such as SM Land Inc. in BGC,
have long spooked the business community and dampened investor confidence in
PPP projects and other big-ticket joint ventures with the government, despite
the successive credit upgrades of the Philippine economy as Asia’s new growth
haven.
Maltreating BCDA’s private partners and its other stakeholders
may be partly in Casanova’s DNA, judging from his warlike behavior towards
CJHDevCo, SMLI and even seemingly harmless active and retired military officers
residing in a portion of the former Fort Bonifacio army camp at BGC.
