Advertisements


ADB cites hurdles to major railway project

THE ASIAN DEVELOPMENT BANK (ADB) has identified environmental risks to construction of the Solis-Calamba segment of the P777.55-billion North-South Railway Project, but said they can be mitigated......»»

Category: financeSource: bworldonline bworldonlineDec 7th, 2018

Subic-Clark Railway project up for Duterte’s OK

Economic managers have approved the P50-billion Subic-Clark Railway project that will not only connect the two industrial hubs in Central Luzon but also eventually be part of the larger network of rails connecting major sea ports in Luzon island. The project was green-lighted during last Friday's National Economic and Development Authority Investment Coordination Committee-Cabinet Committee meeting, Finance Secretary Carlos G. Dominguez III told reporters late Friday. As such, it will be next for approval by the Neda Board, chaired by President Rodrigo Duterte, at a still unscheduled meeting. Dominguez noted that once completed, the project to be implemented by the Departmen...Keep on reading: Subic-Clark Railway project up for Duterte’s OK.....»»

Category: newsSource:  inquirerRelated NewsJan 28th, 2018

Preparatory work on Makati City subway begins

THE Makati City government and the consortium led by Philippine Infradev Holdings, Inc. (formerly IRC Properties, Inc.) broke ground on Wednesday the $3.7-billion Makati City Subway Project which aims to build an intracity railway system in the business district......»»

Category: financeSource:  bworldonlineRelated NewsDec 12th, 2018

Aetas take part in Allianz Conquer Challenger

Allianz is doing something that has never been done before. The global insurer is celebrating the strength of indigenous people, particularly the Aetas of Porac, Pampanga, by introducing them to the rising sport of obstacle course racing (OCR). Last December 9, Sunday, the third leg of the Allianz Conquer Challenge was held in Clark Global City in Pampanga, where 20 Aetas, between 16 to 21 years old, raced together with 20 Allianz employees in the pairs category.  The Aeta participants are students of Villa Maria Integrated School, an adopted public school of Allianz PNB Life, atop the mountains in Porac, Pampanga. “We recognize the strength of the Aetas. So, aside from educating them with the basics of personal finance through our financial literacy program, we would like to impart to them the value of committing to achieve goals that they have to set. We want to give them a fair chance of having employment opportunities in the future,” explained Gae Martinez, chief marketing officer, Allianz PNB Life. Sunday’s race was a 10km-race composed of 25 obstacles, which was the same trail tackled by professional racers who competed for a slot in the upcoming South East Asian (SEA) Games. Just last month, OCR was announced a new addition to the SEA Games to be held in Clark, Pampanga.  Some of the obstacles during the race were hurdles, taho carry, tirador, spider web, monkey bars, wall of tire, slip wall, commando climb, among others. Those who incurred penalties for not being able to perform an obstacle had to carry a 30-pound sand bag. “OCR is an up and coming sport. It is gaining popularity in the Philippines. Allianz as a company uses sports to connect with communities. The Aetas from Villa Maria is one of the communities that Allianz here in the Philippines has chosen to support.  This is, in line with our advocacy to promote social inclusion, one of the pillars of our company’s Corporate Citizenship Strategy,” Martinez further said. One of the Aeta participants, Reyna Baclay, was thankful to be given the opportunity and to discover the sport that she said is closely similar to the activities they do in everyday life. “They carry sand bags here. In the mountains, we carry 50 kilos of camote or ube that we bring to the lowlands. If we sell, our families will have money to spend. By joining the race, I can tell people, I have a dream, too. I want to work in IT (information technology). I hope I can continue after I graduate,” said Baclay, who at age 18 is still a grade nine student. Another Aeta youth, Miracle Lansang, 20, grade 12, is dreaming of someday working for the air force. “I want to work for the air force. But they say I will not qualify because of my height. I have not lost my hope that it can still come true,” he said. Renz dela Cruz, 21, was a graduate of the same school. However, he had to stop and work giving a ride on his motorcycle, because his parents cannot afford to send him to college. “I dream of becoming a civil engineer. My family needs me now. I have brothers and sisters, who are studying,” he said. With the project “Sanlahi” of Allianz in the Philippines, there is hope for these Aeta youth. “Allianz is here to provide the courage to move forward, the courage to overcome life’s obstacles, for them to have better life,” Martinez said, ”As our tag line goes - we dare you to, because we’re with you.”.....»»

Category: sportsSource:  abscbnRelated NewsDec 11th, 2018

NHL adds Seattle as league s 32nd team, play begins in 2021

By Stephen Whyno, Associated Press SEA ISLAND, Ga. (AP) — Seattle is getting a National Hockey League team. It will just have to wait a little bit longer to drop the puck. The NHL Board of Governors unanimously approved adding Seattle as the league's 32nd franchise on Tuesday, with play set to begin in 2021 instead of 2020 to allow enough time for arena renovations. The as-yet unnamed franchise will be the Emerald City's first major winter sports team since the NBA's SuperSonics left town in 2008. "Today is a day for celebration in a great city that adores and avidly supports its sports teams and for our 101-year-old sports league," Commissioner Gary Bettman said. "Expanding to Seattle makes the National Hockey League more balanced, even more whole and even more vibrant. A team in Seattle evens the number of teams in our two conferences, brings our geographic footprint into greater equilibrium and creates instant new rivalries out west, particularly between Seattle and Vancouver." The announcement came a few moments after Seattle Mayor Jenny Durkan let the news slip at a watch party in Seattle, prompting cheers: "I got a call from a mole in the room and it was a unanimous vote. We're getting hockey." The decision was widely expected after the Seattle Hockey Partners group impressed the board's executive committee in October with a plan that had all the ingredients the NHL was looking for. Strong ownership led by billionaire David Bonderman and producer Jerry Bruckheimer, a downtown arena in a sports-crazed city and a season-ticket drive that drummed up 10,000 orders in 12 minutes all cleared the way for the NHL to add another team less than three years after approving a franchise in Las Vegas. Seattle Hockey President and CEO Tod Leiweke joked that he'd have to throw out some Seattle 2020 business cards because of the pushed-back timing. But all sides agreed 2021 was the best time to start. "They've always felt that we should have a little more time to build the arena right," Bruckheimer said. "We wanted to bring it to 2020-21 because we want to get going right away, but it's not fair to the fans or to the players to not have a 100 percent finished arena when we start." The owners will pay a $650 million expansion fee, up from the $500 million the Vegas Golden Knights paid to join the league just two years ago. Leiweke said arena renovations will cost $800 million and the addition of a state-of-the-art practice facility makes it a total investment of over $1.5 billion. "(That's) a few bits of change which aren't around anymore," Bonderman said of the spending. "Seattle is one of my favorite cities and it's a pleasure to be here. If it was someplace else, I wouldn't have done it." The NHL will also realign its two divisions in the West for the 2021-22 season: Seattle will play the Pacific, home to its closest geographic rivals like Vancouver, Calgary and San Jose, and the Arizona Coyotes will move to the Central Division. "It was at the end of the day the simplest, most logical and least disruptive option we had available to us and I think it'll work well for the Coyotes," Deputy Commissioner Bill Daly said. The remarkable debut by Vegas in 2017, which included a run to the Stanley Cup Final, gave the league more confidence about moving forward so quickly. Seattle will benefit from the same expansion draft rules Vegas had. Its front office is expected to be led by Dave Tippett, a former coach who would lead the search for the club's first general manager and staff. Tippett signed on to the project because of a connection to Leiweke, a major force in delivering an NHL team to Seattle. Leiweke got his start in hockey with the Minnesota Wild. He also worked in Vancouver and most recently helped build Tampa Bay into a powerhouse in the Eastern Conference. Leiweke left the Lightning in 2015 to become the COO of the NFL and didn't have any interest in leaving the league office until the project in Seattle began to gain traction. Leiweke's job will be to capitalize on a market whose demographics have changed significantly since he left the NFL's Seahawks in 2010 after being largely responsible for the team hiring coach Pete Carroll. Seattle is the largest market in the country without a winter pro sports franchise and has seen an influx of wealth in recent years. Even when he was running the Seahawks, Leiweke believed Seattle was ripe for the NHL and the response to the season-ticket drive only strengthened that belief. "I woke up today thinking about the fans," Leiweke said. "What did they feel on March 1 when they put down deposits without knowing anything? No team name, an ownership group they didn't know very well, a building plan that was back then somewhat defined but fairly vague. Today is a great day for the fans and we owe them so much. That's why today happened." The NHL's launch in Seattle will show how starved fans are for another team. Basketball is embedded in the DNA of the region thanks to 41 years of the SuperSonics and a lengthy history of producing NBA talent. When the rain of the fall and winter drive young athletes inside, they grab a basketball and head for the nearest gym to play pickup games. Basketball courts and coffee shops seem to be on every corner, but ice rinks are scarce. A lot about Seattle is different from 2008, when the Sonics moved to Oklahoma City. The skyline is filled with construction cranes. Amazon has taken over an entire section of the city, joined nearby by satellite offices of Google and Facebook. The amount of wealth now in the Seattle market is part of the reason Tim Leiweke, Tod's older brother and the CEO of event facilities giant Oak View Group, has regularly calls the city one of the most enticing expansion opportunities in pro sports history. Seattle has become a city of transplants due to the booming local economy. A hockey franchise would provide those newcomers a team to rally around, much like what happened when the Sounders of Major League Soccer arrived in 2009 — the last team added to the city's sport landscape. The Sonics were the first, joining the NBA in 1967, followed by the arrival of the Seahawks in 1976 and Mariners in 1977 after construction of the Kingdome. There have been several attempts at solving Seattle's arena issues and landing either an NHL or NBA team in the years since the Sonics left, but none had the support of the city or the private money attached until now. Asked Tuesday about possibly adding an NBA team, Bonderman responded: "One miracle at a time." While Seattle basks in the news, it's not clear the NHL will be satisfied at 32 teams even with the new team providing balance between the conferences and a natural, cross-border rival for the Vancouver Canucks. Daly said recently that there's no magic number, even though no major North American sports league has ever grown beyond 32 teams. Houston, Quebec City and Toronto have all been touted as possible new homes someday, but they'll also have to wait. "We're not looking right now and I think for the foreseeable future at any further expansion," Bettman said. ___ AP Sports Writer Tim Booth in Seattle contributed......»»

Category: sportsSource:  abscbnRelated NewsDec 5th, 2018

Railway project& nbsp;to start in May

Railway project& nbsp;to start in May.....»»

Category: newsSource:  thestandardRelated NewsNov 29th, 2018

No Chinese ODA has been firmed up for Mindanao Railway

DAVAO CITY (MindaNews / 28 Nov) – The government has yet to firm up agreements with the Chinese government for the official development assistance (ODA) of the first Tagum City-Davao City-Digos City segment of the Mindanao Railway Project three months before its target groundbreaking set on February 2019. Finance Secretary Carlos G Dominguez, said during […].....»»

Category: newsSource:  mindanewsRelated NewsNov 28th, 2018

China consortium bags Manila-Bicol railway deal

A Chinese consortium composed of China Railway Design Corp. and Guangzhou Wanan Construction Supervision Co. Ltd. has bagged the project management consultancy contract for the 639-kilometer Philippine National Railways South Long Haul project, which is expected to commence construction next year......»»

Category: financeSource:  philstarRelated NewsNov 22nd, 2018

P14.4-B consultancy deal for PNR Bicol inked

A Chinese consortium won the contract for the project management consultancy of Philippine National Railways South Long-Haul Project (PNR Bicol). Spanning 639 kilometers from Manila to Matnog, Sorsogon, the P175-billion PNR Bicol project is envisioned as a backbone of economic development designed to enhance the connectivity of major airports and seaports in Southern Tagalog and […].....»»

Category: newsSource:  tribuneRelated NewsNov 22nd, 2018

Firm of Duterte’s campaign donor poised to bag Davao railway project

DAVAO CITY (MindaNews / 21 Nov) – The Udenna Corporation of Dennis Uy, business tycoon and campaign funder of President Rodrigo R. Duterte, has the “upper hand” over other possible competitors in building the planned monorail project in Davao City after securing the original proponent status (OPS) from the Department of Transportation. Uy’s firms Udenna […].....»»

Category: newsSource:  mindanewsRelated NewsNov 21st, 2018

Is Goop coming to a TV screen near you?

Is Gwyneth Paltrow planning to bring her Goop brand to TV? The Hollywood-actress-turned-entrepreneur is in talks with Netflix about the possibility of shooting a TV show featuring her luxury lifestyle brand and focusing on wellness, WWD reports. According to the publication, the potential show could explore "wellness and homeopathic traditions in different cultures," although a deal has yet to be finalized. The project, should it come to fruition, would be another major milestone for the controversial Goop, which, despite continuing to attract criticism for its product claims, has seen impressive growth over the past few years. Earlier this year, following an influx of $50 m...Keep on reading: Is Goop coming to a TV screen near you?.....»»

Category: newsSource:  inquirerRelated NewsNov 21st, 2018

P5.6B allotted for Mindanao railway land acquisition

DAVAO CITY – The city governments of Tagum, Davao, and Digos have started talking with families whose properties would be traversed by the first segment of the Mindanao Railway System Project (MRSP). Officials of the 3 local government would be entering into a memorandum of agreement (MOA) with the Department of ........»»

Category: newsSource:  rapplerRelated NewsNov 13th, 2018

MWSS cites Maynilad for & lsquo;save esteros& rsquo; project

MWSS cites Maynilad for & lsquo;save esteros& rsquo; project.....»»

Category: newsSource:  thestandardRelated NewsNov 13th, 2018

Japan, ADB to fund 147-km rail project

The economic team has consolidated three big-ticket railway projects into one massive P777.6-billion project stretching from the Clark Freeport Zone up north to Calamba, Laguna, down south.   The North-South Commuter Railway (NSCR) System, approved by the interagency Investment Coordination Committee-Cabinet Committee last Tuesday, raised the total project cost from P440.9 billion previously, to be co-financed by loans from the Japan International Cooperation Agency (Jica) and the Manila-based multilateral lender Asian Development Bank (ADB).   Finance Assistant Secretary Maria Edita Z. Tan told the Inquirer last Thursday that Jica would finance the actual construct...Keep on reading: Japan, ADB to fund 147-km rail project.....»»

Category: newsSource:  inquirerRelated NewsNov 10th, 2018

Philippines, China set to sign P175 billion railway loan deal

President Duterte and Chinese President Xi Jinping are set to sign this month the P175-billion Philippine National Railways (PNR) South Railways project, a 639-kilometer standard gauge railway line between Manila and Bicol......»»

Category: newsSource:  philstarRelated NewsNov 5th, 2018

Japan, India leaders agree to step up defense, economic ties

TOKYO (AP) --- The leaders of Japan and India have agreed to step up their cooperation in defense, trade and a range or other areas amid China's growing influence in the region. Japanese Prime Minister Shinzo Abe and his Indian counterpart, Narendra Modi, agreed Monday to expand arms sales and hold high-level defense talks and joint military exercises. They also signed a second-phase agreement for a Japanese high-speed railway project in India. Their meeting comes immediately after Abe's visit to Beijing, where he met with Chinese leaders. Modi has called for regional unity against protectionism. He arrived Saturday and was invited to Abe's vacation house near Mount Fuji ...Keep on reading: Japan, India leaders agree to step up defense, economic ties.....»»

Category: newsSource:  inquirerRelated NewsOct 29th, 2018

DOTr undertakes ‘catch-up plan’ amid delays in Mindanao Rail

DAVAO CITY (MindaNews / 5 Oct) – The Department of Transportation (DOTr) is undertaking a “catch-up plan” for the implementation of the first phase of the Mindanao Railway Project (MRP) amid the delays caused by the change in scope and cost of the project. Patricia Melizza B. Ruivivar, MRP deputy manager, said in an interview on Friday […].....»»

Category: newsSource:  mindanewsRelated NewsOct 5th, 2018

After CCTV, Dumaguete City to install traffic lights& '2013266080;

DUMAGUETE CITY, Oct. 1 (PIA)--Dumaguete City intends to install traffic light system in major street intersections within the next nine months after its CCTV project implementation."The inst.....»»

Category: newsSource:  philippinetimesRelated NewsOct 4th, 2018

Jeff Bezos space project lands big rocket partnership

SAN FRANCISCO, USA – Jeff Bezos-backed Blue Origin space exploration project on Thursday landed a major deal to provide engines for a next-generation rocket being built by a major US launch services contractor. United Launch Alliance (ULA) said that Blue Origin will provide engines for the booster stage of a ........»»

Category: newsSource:  rapplerRelated NewsSep 28th, 2018

NIA, Korean contractor ink Jalaur dam contract

AFTER years of delays and legal hurdles, the P11.2-billion Jalaur River Multi-purpose project Phase II (JRMP II) in Calinog, Iloilo will surely proceed with the signing of the project contract. The contract signing happened between the National Irrigation Administration (NIA) led by Administrator Ricardo R. Visaya and Daewoo Engineering & Construction Co., Ltd. Manila branch […] The post NIA, Korean contractor ink Jalaur dam contract appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsSep 3rd, 2018

Chinese funding for Mindanao Railway Project ‘a done deal’

DAVAO CITY (MindaNews/31 August) – The construction of phase 1 of the Department of Transportation’s Mindanao Railway Project with funds from Chinese Official Development Assistance “is a done deal,” project manager Patmei Ruivivar said. Ruivivar told a press conference on Friday that this was confirmed to her by Transportation Undersecretary for railways Timothy John Batan. […].....»»

Category: newsSource:  mindanewsRelated NewsAug 31st, 2018