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BoI registers nearly P86B worth of projects by Solar Philippines

THE Board of Investments (BoI) said it approved the registration of eight solar projects of Solar Philippines Commercial Rooftop Projects, Inc. with a total value of P85.96 billion. “The firm is at the forefront of producing renewable and affordable energy to address the growing power requirements of the country with the manufacturing resurgence and infrastructure […] The post BoI registers nearly P86B worth of projects by Solar Philippines appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMar 13th, 2018

BOI Approves 8 Solar Projects Worth P86B

The Philippine Board of Investments (BOI) recently approved the registration of eight solar projects of SOLAR PHILIPPINES COMMERCIAL ROOFTOP PROJECTS, INC. worth Php85.96 billion. These projects complied under the Special Laws List of the current Investment Priorities Plan (IPP) through Republic Act No. 9513, otherwise known as the Renewable Energy Act of 2008 and in […].....»»

Category: newsSource:  metrocebuRelated NewsMar 14th, 2018

BoI okays P86-B solar projects

The Board of Investments (BoI) has approved eight solar projects worth PHP85.96 billion of Solar Philippines Commercial Rooftop Projects, Inc., the agency reported Tuesday. The solar projects were included in the Special Laws List of the Investment Priorities Plan (IPP). The eight solar energy farms of Solar Philippines registered with….....»»

Category: newsSource:  journalRelated NewsMar 15th, 2018

BOI approves P86-billion worth of solar projects

The Board of Investments (BOI) recently approved the registration of eight solar projects of Solar Philippines Commercial Rooftop Projects, Inc. with a total value of P85.96 billion. “The firm is at the forefront of producing renewable and affordable energy to address the growing power requirements of the country with the manufacturing resurgence and infrastructure programs […] The post BOI approves P86-billion worth of solar projects appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 13th, 2018

Duterte wants Arroyo to explain alleged P2.4-B ‘pork’ – Panelo

MANILA, Philippines --- President Rodrigo Duterte wants to hear the explanation of Speaker Gloria Macapagal-Arroyo on the alleged pork barrel insertions in the proposed 2019 national budget, Malacaang said Monday. "He (Duterte) said that there will be some explanation on the part of Speaker Arroyo and others. So let's hear them," Presidential Spokesperson Salvador Panelo told reporters in a Palace briefing when asked about the President's stand on the supposed budget insertions. Earlier, Senator Panfilo Lacson revealed that the funds were allocated to Speaker Gloria Macapagal-Arroyo, who received P2.4 billion worth of projects, and House Majority Leader Rolando Andaya Jr., P1.9...Keep on reading: Duterte wants Arroyo to explain alleged P2.4-B ‘pork’ – Panelo.....»»

Category: newsSource:  inquirerRelated NewsDec 10th, 2018

Major NGCP projects worth P56B underway

The National Grid Corp. of the Philippines has set the ball rolling for two major projects with a combined worth of about P56 billion, including a subsea link that will unify the Philippine power t.....»»

Category: newsSource:  manilanewsRelated NewsOct 23rd, 2018

Solar Philippines’ 4,550-MW projects set for grid impact study

THE Department of Energy (DoE) has cleared 12 power development projects in August, including six under Solar Philippines Commercial Rooftop Projects, Inc., to conduct a study on their possible impact on the country’s power transmission grid. The post Solar Philippines’ 4,550-MW projects set for grid impact study appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 25th, 2018

Delayed projects cost government P230 million in penalty fees in 2017

MANILA, Philippines – Seven national agencies which obtained millions worth of loans for 2017 were not able to follow the schedule of projects, therefore costing the government P230.17 million worth of commitment fees. Commitment fees are charged by the creditor for loans that were not used. “Based ........»»

Category: newsSource:  rapplerRelated NewsSep 19th, 2018

COA flags P1.5-B irregularities in Yolanda housing project

MANILA, Philippines – The Commission on Audit (COA) found several irregularities in 18 housing projects worth some P1.508 billion under the Yolanda Permanent Housing Program (YPHP). The rehabilitation program was implemented by the National Housing Authority (NHA). In its recently-released 2017 annual audit report, state auditors questioned the lack of manpower, ........»»

Category: newsSource:  rapplerRelated NewsSep 11th, 2018

Children’s council chief charged over P10M worth of ghost projects

MANILA, Philippines – The Ombudsman charged with graft former Caloocan 2nd District representative and now Council for the Welfare of Children (CWC) Executive Director Mary Mitzi Cajayon-Uy for spending P10 million on projects that turned out to be non-existent. The 2 counts of ........»»

Category: newsSource:  rapplerRelated NewsJul 30th, 2018

COA hits delays in P12-billion irrigation projects

MANILA, Philippines – The Commission on Audit (COA) flagged delays in the implementation of projects worth almost P12 billion by the National Irrigation Administration (NIA). In a recently released report, state auditors blamed the "inadequate planning and inefficient execution of surveys and engineering designs" behind ........»»

Category: newsSource:  rapplerRelated NewsJul 29th, 2018

Zero performance? COA flags DILG s anti-criminality projects

MANILA, Philippines – The Commission on Audit (COA) flagged P500 million worth of projects under the Department of the Interior and Local Government (DILG) that yielded zero performance reports in 2017.  In a recently released report, state auditors pointed out that the DILG used ........»»

Category: newsSource:  rapplerRelated NewsJul 8th, 2018

Midas Marquez faces graft complaint over World Bank issue

MANILA, Philippines – Court Administrator Midas Marquez continues to be haunted by the 2012 World Bank issue that implicated him in the misuse of millions of pesos worth of funds granted to the Supreme Court for reform projects. A private citizen named Rjhay Laurea filed ........»»

Category: newsSource:  rapplerRelated NewsJul 2nd, 2018

64-B-Yen Japan-Funded Projects Awarded to PH During Duterte Admin

The government of Japan has awarded more than 64.52 billion yen or more than PHP31.29-billion worth of projects to the Philippines in the first two years of the Duterte administration. A presentation by the Philippine delegation during the 5th Japan-Philippines High-Level Joint Committee on Infrastructure Development and Economic Cooperation at the Prime Minister’s Office in […].....»»

Category: newsSource:  metrocebuRelated NewsJun 22nd, 2018

2nd phase of AFP modernization okayed

PRESIDENT Rodrigo Duterte has approved the second phase projects of the Revised Armed Forces of the Philippines Modernization Program worth P300 billion, the Department of National Defense announced . DND spokesperson Arsenio Andolong said second phase dubbed the Second Horizon, which will be implemented from 2018 to 2022, has a….....»»

Category: newsSource:  journalRelated NewsJun 21st, 2018

ADB raises funding for PH

The Asian Development Bank will lend the Philippines a higher $945 million this year mainly for infrastructure projects as part of the Manila-based multilateral lender's commitment to support the Duterte administration's ambitious "Build, Build, Build" infrastructure program. The state planning agency National Economic and Development Authority said that during a meeting between Philippine officials and executives of the ADB's Philippine country office last month, the latter said that their lending pipeline for 2018 consisted of two policy-based loans (worth $600 million), one result-based loan ($300 million) as well as two other projects ($45 million). In December last year, the A...Keep on reading: ADB raises funding for PH.....»»

Category: newsSource:  inquirerRelated NewsJun 12th, 2018

Duterte’s SoKor Visit Yields USD4.9-B in Investments

President Rodrigo R. Duterte’s visit to South Korea has yielded USD4.9-billion worth of investments as part of the growing trade relations between the Philippines and the host country, his spokesman said Tuesday. “Ang mga nakuha naman natin dito sa trip na ito, isang bilyon na Official Development Assistance (ODA) para sa ating mga infrastructure projects […].....»»

Category: newsSource:  metrocebuRelated NewsJun 6th, 2018

Philippines, Singapore ink $187 million business agreements

President Duterte witnessed the signing of at least $186.7 million worth of joint venture projects forged during a meeting between Philippine and Singaporean firms here yesterday and jokingly told the businessmen they were free to kill those who would try to extort money from them......»»

Category: newsSource:  philstarRelated NewsApr 29th, 2018

Philippines, Singapore firms ink $185.7 million business deals

Philippine and Singapore firms have signed $185.7 million worth of investment agreements that will provide some 1,920 job opportunities once these projects push through......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2018

DPWH, Chinese firms sign contract for 2 Pasig River bridges

MANILA, Philippines – The Department of Public Works and Highways (DPWH) and two Chinese firms signed a contract on Friday, April 27, to implement two bridge projects along the Pasig River. The contract, worth ¥643.458 million or around P5.27 billion, is for the survey, design, and construction of the Binondo-Intramuros ........»»

Category: newsSource:  rapplerRelated NewsApr 28th, 2018

PHL announces large-scale renewable projects

Large-scale commitments by the Philippine government will increase sustainable power’s already significant contribution to the energy mix. In early March the Board of Investments (BoI), the investment promotion agency, revealed details of eight solar projects worth P86 billion ($1.7 billion) to be rolled out from October. The largest, the Iba-Palauig 2 Solar Project, is a […] The post PHL announces large-scale renewable projects appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 12th, 2018