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Banks ready to back up funding for infrastructure projects

Local banks have expressed support for the government’s massive infrastructure program, saying they are ready to provide financing in case funding delays are encountered by the projects......»»

Category: financeSource: philstar philstarJun 13th, 2018

Banks readying funds for big projects

The country's largest banks have set up large debt offering programs to diversify funding sources amid rising demand for long-term loans for big-ticket projects such as infrastructure. Metropo.....»»

Category: newsSource:  philippinetimesRelated NewsSep 21st, 2018

Banks ready to fund infrastructure projects& mdash;BDO Capital

Banks ready to fund infrastructure projects—BDO Capital Source link link: Banks ready to fund infrastructure projects—BDO Capital.....»»

Category: newsSource:  manilainformerRelated NewsJun 13th, 2018

Crowding in private sector to boost infrastructure dev’t

By Surya Bagchi IN the world of infrastructure, the funding deficit is a well-established fact. Asia needs US$26 trillion by 2030 for new buildouts, and Africa requires US$93 million a year to scale up projects. Much of the money has so far come from direct government financing or funding support from development banks. Infrastructure projects […] The post Crowding in private sector to boost infrastructure dev’t appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 25th, 2018

Cash-rich banks don’t view ODA as competition for funding projects

BY  MELISSA LUZ T. LOPEZ THE DUTERTE GOVERNMENT’S P8-trillion infrastructure spending plan was what local lenders were waiting for. When it was announced in April, it created a stir in the industry for obvious reasons. By helping lend money to big-ticket projects, local banks would be able to deploy cash and earn more from loans, […] The post Cash-rich banks don’t view ODA as competition for funding projects appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 7th, 2018

Local banks capable of funding infra projects — Maynilad exec

MANILA, Philippines — With the government allotting some P9 trillion for infrastructure development in the next six years, a key executive of one of the coun.....»»

Category: financeSource:  philstarRelated NewsSep 30th, 2017

Spain Offers 300-M Euro Funding for PH Infra, Tourism Projects

Finance Secretary Carlos Dominguez III on Wednesday welcomed Spain’s offer of a financing facility of up to 300 million euros to support government projects in the areas of infrastructure, agro-food and tourism. Spanish Ambassador-Designate Jorge Moragas informed Dominguez during their recent meeting about the proposed memorandum of understanding (MOU) on the mechanisms involving the 300-million […].....»»

Category: newsSource:  metrocebuRelated NewsJan 17th, 2019

Andaya says Sorsogon got P10B in infra projects

  Sorsogon province received P10 billion for infrastructure projects in 2018 alone from the national government, Majority Leader Rolando Andaya Jr. said on Wednesday.   "For your information, Sorsogon is the champion (in terms of funding) this year," Andaya said at a news conference.   Another P6 billion for Sorsogon was in the budget that the national government wanted to rush for approval, said the lawmaker from Camarines Sur. "We saw what happened when you rush the budget. The projects go to just one contractor."   Andaya said Bulacan-based CT Leoncio Construction and Trading cornered P2.5 billion of the P10 billion released to Sorsogon thi...Keep on reading: Andaya says Sorsogon got P10B in infra projects.....»»

Category: newsSource:  inquirerRelated NewsDec 12th, 2018

Economic managers want more ODA for infrastructure funding

The Philippines should maximize the use of official development assistance to fund in whole or in part big-ticket infrastructure projects under the government’s ambitious Build Build Build program, economic managers said......»»

Category: financeSource:  philstarRelated NewsNov 23rd, 2018

Philippines, Japan line up more projects for funding

MORE INFRASTRUCTURE projects funded by Japan advanced further in the pipeline after top economic officials from the Philippines and Japan exchanged notes during their meeting late Wednesday, while also identifying new prospects......»»

Category: newsSource:  bworldonlineRelated NewsNov 22nd, 2018

Gov’t Remains Firm in Implementing Infra Projects

The government remains committed to implementing the country’s aggressive infrastructure program despite suggestions that it needs to prioritize projects to reduce the rising trade deficit. Socioeconomic Planning Secretary Ernesto Pernia said infrastructure projects under the “Build, Build, Build” (BBB) program will be ‘high-priority’ items, while those least essential may be put in the back burner. […].....»»

Category: newsSource:  metrocebuRelated NewsNov 9th, 2018

AboitizPower mulling options to finance acquisition of stake in AA Thermal

ABOITIZ POWER Corp. is considering whether to go back to the bond market or source funding from banks to pay for its acquisition of a bigger stake in the coal-fired power plant platform of Ayala-led AC Energy, Inc., the company’s finance official said......»»

Category: financeSource:  bworldonlineRelated NewsOct 25th, 2018

Asean needs massive injection of infrastructure funding-World Bank exec

VIENTIANE - Asean needs about US$3.4 trillion during 2013-2030 to finance infrastructure projects so that the region can narrow its development gap and achieve its objective of becoming a single ma.....»»

Category: newsSource:  philippinetimesRelated NewsOct 4th, 2018

NEDA’s Infracom approves three feasibility studies

The inter-agency Infrastructure Committee (Infracom) of the National Economic and Development Authority (NEDA) has approved another batch of funding support for the feasibility studies of three infrastructure projects. NEDA’s Infracom approves three feasibility studies The inter-agency Infrastructure Committee (Infracom) of the National Economic and Development Authority (NEDA) has approved another batch of funding support for… link: NEDA’s Infracom approves three feasibility studies.....»»

Category: newsSource:  manilainformerRelated NewsSep 23rd, 2018

Lagman denies getting ‘pork’ in 2019 budget

Albay 1st District Rep. Edcel Lagman on Tuesday belied claims that he was among those congressmen who benefited from the "P55-billion insertions" in the proposed 2019 budget.   "I never lobbied for any project," he told reporters in an interview when asked about claims that P1.29 billion was allocated to his district.   "I have no participation whatsoever in the allocation of funds or the funding of projects as contained in the President's National Expenditure Program (NEP)," he added in a statement.   Lagman even found it ironic that he, an opposition lawmaker, would receive such an amount after he got zero infrastructure budget in 2018 under former ...Keep on reading: Lagman denies getting ‘pork’ in 2019 budget.....»»

Category: newsSource:  inquirerRelated NewsSep 18th, 2018

Maduro says China to finance failing oil industry

CARACAS, Venezuela -- Venezuelan President Nicolas Maduro said Saturday he had new commitments from Beijing on funding for the oil industry on which crisis-hit Caracas relies. Oil output is the main generator of Venezuela's income but has fallen to its lowest level in three decades, with the South American country's state-led economy in free-fall. Analysts blame years of neglect during which state oil firm PDVSA's infrastructure became rundown and exploration was curbed, while oil revenues were used to plug the fiscal deficit. Now, however, "there are financing commitments to increase oil production, gold production as well as investment in more than 500 development projects...Keep on reading: Maduro says China to finance failing oil industry.....»»

Category: newsSource:  inquirerRelated NewsSep 16th, 2018

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’ (DPWH) ongoing road projects. At the budget hearing of the DPWH, Mr. Lacson maintained that right of way issues should be settled first before funding an infrastructure project, citing Republic Act […] The post Lacson questions DPWH’s unresolved right-of-way issues on road projects appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 3rd, 2018

AIIB eyes funding 2 big-ticket PH projects

The China-led Asian Infrastructure Investment Bank (AIIB) is looking into extending loans for two major road projects in the Philippines, according to the Department of Finance. The AIIB was also c.....»»

Category: newsSource:  philippinetimesRelated NewsAug 31st, 2018

PH urged to tap $1-B India credit line

The Duterte administration should consider tapping Indian funding for its “Build Build Build” program, New Delhi’s envoy to the Philippines said on Wednesday. “The Government of India has, in fact, a $1 billion line of credit for Asean (Association of Southeast Asian Nations) countries for any infrastructure projects that they may wish to do especially [...] The post PH urged to tap $1-B India credit line appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 22nd, 2018

Economic team to review China funding for projects

The country's economic managers and infrastructure team will be in Beijing on Aug. 22-24 to firm up with their Chinese counterparts the 'Build, Build, Build' projects and financing s.....»»

Category: newsSource:  philippinetimesRelated NewsAug 20th, 2018

NEDA, DoTr to work on airports’ design, funding

THE National Economic and Development Authority (NEDA) is coordinating with the Department of Transportation (DoTr) on designing and funding airport projects to be implemented under the government’s “Build Build Build” infrastructure program. According to NEDA Assistant Secretary Jonathan Uy, these projects will mostly use public funds. The Transportation department, however, is also eyeing private-sector participation. [...] The post NEDA, DoTr to work on airports’ design, funding appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 31st, 2018