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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.

NEDA ICC-CabCom approves increase in North-South Commuter Railway project cost

THE NATIONAL Economic and Development Authority (NEDA) raised the project cost for the long-haul commuter line of the Philippine National Railways (PNR) by nearly double to buy more trains and build elevated tracks.

On the upgrade

The transportation and logistics industry of the Philippines is in the midst of a much-needed transformation, thanks in large part to the aggressive push...

NLEX Harbor Link mainline gains 100% right of way, set to...

THE North Luzon Expressway (NLEx) Harbor Link Segment 10 mainline is slated to open in December after the Department of Public Works and Highways (DPWH) successfully completed the delivery of right-of-way for the alignment of the toll road.

Infrastructure, connectivity issues impeding PHL e-payments growth

DIGITAL PAYMENTS remain pivotal in financial inclusion, industry players said, as physical and cultural issues are seen to be key barriers in serving the unbanked sector.

Brace for worse traffic congestion as more infra works start

MOTORISTS AND commuters should expect even heavier traffic in the coming days with road closures in several parts of congested Metro Manila for infrastructure projects that started over the weekend, the Metro Manila Development Authority (MMDA) said.

A construction boom and a thriving cement industry

Construction activities in the Philippines are swelling. According to the Philippine Statistics Authority (PSA), the total number of constructions in the second quarter of...

Foreign business groups welcome infrastructure drive, but worry about changing incentives...

FOREIGN CHAMBERS welcome the government’s infrastructure development push and unveiled their annual list of recommendations to further push this drive, but believe efforts to streamline incentives would make the country less attractive to investments.

DBP books higher net income in first semester

THE Development Bank of the Philippines (DBP) saw its net income rise in the first half of the year supported by its robust lending and deposit businesses.

DPWH opens new bridges in Pampanga, Bataan

The Department of Public Works and Highways (DPWH) opened on Thursday, Sept. 6, three new bridges in Pampanga and Bataan to replace the existing...

State infrastructure spending, other capital outlays maintain growth

STATE SPENDING on infrastructure and other capital outlays surged in July on roadworks and flood control projects, along with the purchase of heavy capital equipment for the military and the coast guard, the Department of Budget and Management (DBM) said on Wednesday.

Economic growth expected to fall short of target

OVERALL economic growth will likely fall short of the official target this year, according to the country’s Finance chief and a financial and investment advisor, partly due to quickening inflation even as infrastructure development should pick up steam.

Lacson questions DPWH’s unresolved right-of-way issues on road projects

Senator Panfilo M. Lacson on Monday, Sept. 3, questioned anew the unresolved right of way issues of the Department of Public Works and Highways'...

Chinese bridge pushes Maldives deeper in debt: opposition

Maldives -- The Maldives opposition said Friday that President Abdulla Yameen had pushed the Indian Ocean nation deeper into a Chinese "debt trap" with...

US seeking role in PHL infrastructure program

THE United States is making a pitch on behalf of US companies seeking to participate in the government’s ambitious infrastructure program.

Philippines eyes 10 loan agreements with China during Xi Jinping’s visit

THE GOVERNMENT expects to ink about 10 loan agreements for infrastructure projects with China during Chinese President Xi Jinping's visit here in November. "Some have...

Bicol International Airport project halfway done — DoTr

The Department of Transportation (DoTr) said construction of the Bicol International Airport is 50% complete and is well on track for its opening in...

San Miguel may get go signal for TPLEx extension by next...

THE DEPARTMENT of Public Works and Highways (DPWH) said it is looking to give San Miguel Corp. (SMC) by next month the original proponent status (OPS) for its proposal to extend the Tarlac-Pangasinan-La Union Expressway (TPLEx).

Malaysia PM calls for China’s help with fiscal problems

Beijing -- Malaysian Prime Minister Mahathir Mohamad called on China's top leadership to help with his country's fiscal problems Monday, as he seeks to...

ADB approves $300-million loan to fund Philippines’ infrastructure projects

THE ASIAN Development Bank (ADB) has approved a $300-million loan for the Philippines to fund a program that promotes the development of public-private partnership...

60 PRDP projects in Mindanao completed

DAVAO CITY — Sixty infrastructure projects in Mindanao out of 171 approved under the World Bank-funded Philippine Rural Development Project (PRDP) have been completed, based on the PRDP June report.

Investing in infrastructure: Which areas is the government focusing on?

The government's 2017-2022 Public Investment Program (PIP) contains a rolling list of priority programs and projects that it plans to implement until the end Pres....

DBM orders early procurement for 2019 projects

The Department of Budget and Management (DBM) ordered government agencies to conduct early procurement activities for 2019 projects to speed up the delivery upon...

Infrastructure spending, capital outlays top target in first half

Government spending on infrastructure and other capital outlays breached its first-semester target due to roadworks, the Budget department said. Budget Secretary Benjamin E. Diokno presented...

PHA teams up with Korean firm for foray into tourism, infra,...

Premiere Horizon Alliance Corp. (PHA) is looking to venture into infrastructure, tourism, and power, after signing an agreement with Korean firm D-Eco Energy Co....

World Bank cites ‘satisfactory’ progress of DA’s rural infra projects

THE WORLD Bank has cited the "satisfactory" progress of the Department of Agriculture's (DA) rural infrastructure projects funded by the Washington-based lender. In its Implementation...

Asia growth outlook flags PHL’s ‘large infrastructure deficit’

A report has cited the need for Asia, especially emerging economies such as the Philippines, to continuously invest in infrastructure in order to sustain economic momentum in the country and the region.

Chinese envoy: PHL grants come with no strings attached

By Arjay L. Balinbin, Reporter The Philippines is not a province of the People’s Republic of China, Chinese Ambassador to the Philippines Zhao Jianhua stressed...

DPWH: Construction of two China-funded bridges along Pasig River to begin...

The Department of Public Works and Highways (DPWH) is set to begin the construction of two China-funded bridges along Pasig River by next week. DPWH...

Economic managers tout gains ahead of SONA

THE GOVERNMENT has put key pieces of reforms in place for the country to build “strong momentum” to grow faster in the years ahead, economic managers said in a forum on Friday.