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Gov’t hopeful it can hit infrastructure spending target this year

THE National Government is optimistic it will be able to meet its infrastructure spending target this year, as part of the catch-up plan to lift fourth-quarter gross domestic product (GDP), a Department of Budget and Management (DBM) official said.

Gov’t hikes budget for infrastructure program until 2022

THE GOVERNMENT increased its target spending for infrastructure projects through 2022 to support economic recovery, documents from the Development Budget Coordination Committee (DBCC) showed.

Green infrastructure investment seen potentially supercharging PHL recovery

INVESTMENT in “green” infrastructure can help the Philippines bounce back faster and become more resilient after the pandemic, according to a report published by the Climate Bonds Initiative (CBI) and prepared with the Securities and Exchange Commision (SEC) and the Asian Development Bank (ADB).

Megaprojects flagged as Trojan horse to develop remaining rainforests

KUALA LUMPUR — A rise in huge, opaque infrastructure and mining projects threatens to destroy and open up the world’s last remaining rainforests to development, researchers warned on Thursday.

Infrastructure spending continues to fall in Sept.

STATE SPENDING on infrastructure plunged by 40% in September — the third straight month of decline — amid budget cuts and delays in construction activities due to ongoing quarantine restrictions.

Japan approves technical aid for four PHL infrastructure projects

THE Japanese government has approved ¥3.1 billion (P1.44 billion) worth of technical assistance for four infrastructure projects in the Philippines as it reaffirms its commitment to support the administration’s “Build, Build, Build” program.

Infrastructure spending falls in July

STATE SPENDING on infrastructure declined once again in July, due to the slow resumption of construction work and bad weather in some areas, the Department of Budget and Management (DBM) said.

Infrastructure push to aid recovery

THE government’s decision to refocus its flagship infrastructure program will help the Philippine economy recover faster from the coronavirus disease 2019 (COVID-19) pandemic, the International Monetary Fund (IMF) said.

Mindanao businesses want gov’t to resume infrastructure projects

THE Mindanao business community wants the government to restart its infrastructure projects in the region as the economy reopens.

Infrastructure spending falls 4.3% in first half after lockdown construction freeze

Government spending on infrastructure fell 4.3% year-on-year in the first half due to the suspension of construction during the lockdown.

Infrastructure vs direct-aid tussle looms for tourism stimulus funds

SOME P10 billion worth of funding for tourism infrastructure in the proposed Bayanihan II economic recovery package should be redirected to more urgently needed direct cash aid to tourism businesses via the Department of Tourism (DoT), a legislator said Thursday, ahead of the bicameral conference committee meeting on the bill.

DoTr rejects call to drop ‘high-risk’ infra projects

THE Department of Transportation (DoTr) on Tuesday said it will continue to pursue massive infrastructure projects such as airports and railways, even as some economists warned these are at “high risk” of becoming non-viable due to the pandemic.

Arctic oil infrastructure faces climate karma

Beaches, clear blue seas, scorching temperatures and long days. Forget the Caribbean, your next summer beach holiday could be on the shores of Russia’s Arctic Ocean.

Infrastructure spending up in April

STATE SPENDING on infrastructure surged in April as the government ramped up construction of quarantine facilities and purchases of medical equipment in response to the coronavirus disease 2019 (COVID-19) pandemic.

PHL, Japan exchange notes on 2 infrastructure projects

THE Philippine and Japanese governments signed diplomatic notes to formalize cooperation on two key infrastructure projects, the Department of Foreign Affairs said.

Bigger budget for infrastructure, health sectors eyed

THE government is planning to allocate more funds for infrastructure projects and the healthcare sector under next year’s budget, as the country adapts to a “new normal.”

Infrastructure faces further delays due to ECQ, redirected funds

THE government’s infrastructure program faces further delays due to the quarantines imposed by the coronavirus disease 2019 (COVID-19) outbreak, as well as the repurposing of funds to contain the pandemic, according to Oxford Economics.

Advisory firm tapped for PGH branch project

THE GOVERNMENT partnered with Isla Lipana & Co./PwC Philippines for transaction advisory services as it constructs a Philippine General Hospital (PGH) branch at the Diliman campus of the University of the Philippines.

Construction starts decline in Q4 2019

CONSTRUCTION STARTS, based on approved building permits, declined by 7.7% year on year in the fourth quarter of 2019 amid fewer residential projects during the period, data by the Philippine Statistics Authority (PSA) showed.

Committed to advance Philippine transport

The commitment to build up an efficient and reliable network of transportation systems can often be seen within the Department of Transportation (DoTr) in...

DPWH orders faster construction of two projects

THE DEPARTMENT of Public Works and Highways (DPWH) has ordered the faster completion of two big ticket projects under the government’s Build, Build, Build, program in Central Luzon.

More major infrastructure projects near final approval

THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY (NEDA) Investment Coordination Committee-Cabinet Committee (ICC-CabCom) approved projects on Friday with a total cost of P626.11 billion, officials announced in a press conference after the meeting.

Infrastructure spending drops in October

INFRASTRUCTURE SPENDING continued to decline in October as the delayed passage of this year’s budget took a toll on disbursements, officials said.

56 flagship projects to be completed by 2022

MORE than half of the 100 flagship projects under the government’s infrastructure program is expected to be completed by 2022, while nearly half will be funded through official development assistance (ODA), according to a preliminary copy of the revised list was sent by Albay Rep. Jose Maria Clemente “Joey” S. Salceda to reporters on Friday.

FIRe’s call for government, public sector to adapt and integrate

Winning together in the fourth industrial revolution By Adrian Paul B. Conoza,Special Features Writer The growing need to keep in step with the Fourth Industrial Revolution...

How logistics keeps the world turning

If business and enterprise is the beating heart of an economy, then logistics is the lifeblood. Just as blood transports nutrients to different parts...

Possibilities in a disrupting logistics sector

Logistics continues to be foreseen as a thriving industry in the Philippines. In a report by Ken Research, a global aggregator and publisher of...

Connecting countries with improved logistics

In today’s modern world, international trade contributes significantly to the growth of the global economy that promotes progress and prosperity across countries, down to...

Moody’s cuts Philippine growth forecast further

MOODY’s Investors Service has further reduced its projection for overall Philippine economic expansion, which disappointed at a four-year-low 5.5% last quarter and clocked in at the same pace in the first half against the government’s 6-7% target for 2019, even as it said “domestic demand” — especially government spending — should pick up this semester.

Itbayat infrastructure damage at P293M — DPWH; DoTr lines up port...

INFRASTRUCTURE DAMAGE cost from the July 27 earthquakes in Itbayat, Batanes is so far estimated at P292.85 million, according to the Department of Public Works and Highways (DPWH).

EEI, Hanjin Heavy partner for construction projects

YUCHENGCO-LED EEI Corp. has partnered with South Korea’s Hanjin Heavy Industries & Construction Co. Ltd. (HHIC) for potential construction projects in the country.

Japanese debt watcher raises PHL outlook to ‘positive’

THE Philippines is closer to securing a single-A credit rating from Japanese Credit Rating (JCR) Agency, after the debt watcher raised its outlook on the country to BBB+ positive from BBB+ stable.

Economic managers tout infrastructure, reform gains to US businessmen

STATE economic managers flew to Washington D.C. last week to showcase the country’s infrastructure developments and economic reforms, in efforts to woo more foreign firms to invest in the Philippines.

Fiscal balance back in deficit in February despite 2019 budget delay

A SURGE in state spending, despite delayed enactment of the P3.757-trillion national budget for 2019, fueled the fiscal deficit to grow nearly half in February, the Bureau of the Treasury reported on Friday.

Duterte vetoes bill on Central Luzon investment, infra hub

PRESIDENT RODRIGO R. Duterte has rejected the bill creating the Regional Investment and Infrastructure Coordinating Hub of Central Luzon (RICH), citing “substantial fiscal risks” to the economy given its provisions on incentives.

WB pushes 4.5% of GDP infrastructure spending

DEVELOPING COUNTRIES like the Philippines should invest more to improve living conditions and contribute to global efforts against climate change, the World Bank said.

Infrastructure demand lures tower companies

A TOTAL OF four tower companies have signed memoranda of understanding (MoU) with the Department of Information and Communications Technology (DICT) this week as high demand for towers in the country makes the Philippines an attractive market.

Duterte flags ‘Build Build Build’ setback due to insufficient workforce

THE GOVERNMENT’s flagship “Build Build Build” infrastructure development program — meant to spur overall economic growth to a sustained faster pace — has suffered delays due to a lack of workers, President Rodrigo R. Duterte himself admitted on Thursday night.

A robust local office market

Despite slower economic expansion in 2018, the Philippine real estate industry remained resilient as a result of strong demand in its major segments, especially...

The near future of Philippine office space

Owing to the country’s continued economic growth, powered by growing consumption and ongoing infrastructure development, the Philippines is on the fast track towards prominence...

Spending risks in focus at DBCC meeting

ECONOMIC MANAGERS will discuss in a meeting next month of the Development Budget Coordination Committee (DBCC) ways to mitigate the economic impact of a partially reenacted budget and the public works ban ahead of the May 13, 2019 midterm elections, the chairman of the interagency body said on Wednesday.

Production spurred by infrastructure build expected to propel Philippines up ranks...

THE PHILIPPINES can be expected to close in on the top 10% of the world’s major economies in the next 15 years, partly as improved infrastructure spurs overall economic growth, according to a London-based consultancy.

World Bank cuts Philippine growth forecasts on elevated inflation, budget reenactment,...

THE WORLD BANK cut its economic growth forecast for the Philippines as sustained high inflation, lower infrastructure disbursements next semester due to reenactment of the national budget and continued weakness of global trade offset the lift from spending related to the May 13, 2019 mid-term elections.

Cavite barge terminal seen reducing road traffic

THE NEWLY inaugurated Cavite Gateway Terminal (CGT) is expected to reduce road traffic by up to two kilometers of trucks every day, or 140,000 fewer truck trips every year, the Department of Transportation (DoTr) said in a statement on Friday.