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Construction sector picks up as government builds infra projects

Construction sector picks up as government builds infra projects.....»»

Category: financeSource: thestandard thestandardNov 8th, 2018

Infra spending picks up in May

MANILA, Philippines -  Government spending on infrastructure grew 31.4 percent in May as state agencies completed the construction of road projects and the a.....»»

Category: financeSource:  philstarRelated NewsJul 6th, 2017

Philippines, China to ink infra loan deals in November

The Philippine government is expected to formalize at least 10 financing agreements with China in November for the construction of the Duterte administration’s flagship infrastructure projects, the Department of Budget and Management (DBM)......»»

Category: financeSource:  philstarRelated NewsAug 29th, 2018

Gov’t to Hold Job Fair for ‘Build, Build, Build’ Projects

Thousands of job vacancies in the construction sector may be filled on Sunday, Aug. 12, when government stages its own job fair dubbed Jobs Jobs Jobs Caravan. The positions up for grabs are exclusively for projects related to the “Build, Build, Build” program, the Duterte administration’s massive infrastructure program. The career expo will be held […].....»»

Category: newsSource:  metrocebuRelated NewsAug 7th, 2018

PH may lose investment grade ratings, infra funds if LGUs get share from nat l taxes

The Philippines stands to lose its investment-grade credit ratings and may have to stop construction of big-ticket infrastructure projects if the Supreme Court ruling that grants local government u.....»»

Category: newsSource:  philippinetimesRelated NewsJul 12th, 2018

PH may lose investment grade ratings, infra funds if LGUs get share from nat’l taxes

The Philippines stands to lose its investment-grade credit ratings and may have to stop construction of big-ticket infrastructure projects if the Supreme Court ruling that grants local government units (LGUs) a share from "all" national taxes gets implemented, Budget Secretary Benjamin E. Diokno said. As such, Diokno said they would ask the Office of the Solicitor General to file a motion seeking a reversal of the high court's decision on LGU's internal revenue allotment (IRA). Last week, the Supreme Court ruled that the "just share" of LGUs' IRA must come from all national taxes, not only from national internal revenue taxes as was the current practice. "All national taxes" inc...Keep on reading: PH may lose investment grade ratings, infra funds if LGUs get share from nat’l taxes.....»»

Category: newsSource:  inquirerRelated NewsJul 11th, 2018

Holcim introduces PROSOLUTIONS to help partners build better amid construction boom

Much is expected of the construction sector as the government implements an ambitious plan to invest up to P8 trillion in upgrading infrastructures all over the Philippines by 2022. To better support the wave of construction activity, building solutions provider Holcim Philippines, Inc. has started projects to raise its cement production capacity to 12 million […] The post Holcim introduces PROSOLUTIONS to help partners build better amid construction boom appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 30th, 2018

D.M. Wenceslao eyes gov’t infra projects

Public listing aspirant D.M. Wenceslao & Associates Incorporated (DMWAI), an integrated construction and real estate developer, plans to diversify its business outside the 107-hectare flagship project Aseana City by bidding for government infrastructure projects under the "Build, Build, Build program. "We are an 'AAAA' general contractor, one of less than 20 in the country, and are in a position to take advantage of the government's massive infrastructure program, especially in our core areas of horizontal infrastructure and construction, foundation works and marine construction," DMWAI chief executive officer Delfin Angelo Wenceslao said in a statement. The company has complet...Keep on reading: D.M. Wenceslao eyes gov’t infra projects.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2018

Restore regular ERC operations, govt told

THE Manila Electric Co. (Meralco) is urging the government to restore the Energy Regulatory Commission’s (ERC) normal functions, saying that the power vacuum within it is endangering the Philippine energy sector and its customers. Meralco President Oscar Reyes told reporters that restoring these functions is “quite critical,” as there are investments, power-plant construction projects, supply [...] The post Restore regular ERC operations, govt told appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 12th, 2018

DTI: Flagship infra projects won’t strain suppliers

AMID CONCERNS about the construction sector’s ability to service infrastructure projects, the government said it is confident key materials suppliers have sufficient capacity. Trade Undersecretary for Competitiveness and Ease of Doing Business Ruth B. Castelo said at the second Philippine Construction Congress that while demand will rise for construction materials, domestic industry can handle the […] The post DTI: Flagship infra projects won’t strain suppliers appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 28th, 2017

Lopez: Local firms should get infra deals

Local firms should be given opportunities to participate in government infrastructure projects amid moves to liberalize the entry of foreign contractors, Trade Secretary Ramon Lopez said. Speaking at the sidelines of the Asean+6 Construction Forum, Lopez told reporters he wanted to discuss proposed changes to the Foreign Investment Negative List (FINL) with Socioeconomic Planning Secretary [...] The post Lopez: Local firms should get infra deals appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 26th, 2017

Infra spending builds up to P40 B Aug

MANILA, Philippines — Government expenditure on infrastructure projects amounted to P40.1 billion in August, 18.1 percent higher than the P34 billion in the.....»»

Category: financeSource:  philstarRelated NewsOct 15th, 2017

Economy: Construction worker deployment could be curbed to aid infra push

THE SHORTAGE of skilled construction workers that is expected to hinder projects associated with the government's infrastructure drive is being addressed to ensure that any delays will only be minimal, with limits on the overseas deployment of workers with the required skills under study......»»

Category: financeSource:  bworldonlineRelated NewsMay 7th, 2017

Gov’t speeds up spending on infra

Gov’t speeds up spending on infra Mary Grace Padin MANILA, Philippines - The government is aiming to accelerate infrastructure development this year through reforms in the procurement and implementation of projects, the Department of Budget and Management (DBM) said yesterday. In a statement, the DBM said the improved set of implementing rules and regulations of Republic Act 9184 or the Procurement Law would help expedite the launch and completion of infrastructure programs in the pipeline. Reforms in the execution of projects, such as the introduction of geo-tagging for improved project monitoring and allowing non-stop construction work to hasten project completion, will also be implemented. “The bold reforms, the pipeline of projects, the hardworking and assertive administration, and the participative citizenry – these will make the dream of making the next six years the Golden Age of Infrastructure achievable,” Budget Secretary Benjamin Diokno said. The government has allocated a total of P847.2 billion for nationwide infrastructure projects this year, up 13.8 percent from a year ago. The amount also accounted for about 25 percent of this year’s budget. Under the General Appropriations Act approved by President Duterte last December, the bulk, or P349.1 billion of the infrastructure budget was allotted to the Department of Public Works and Highways (DPWH), the Department of Agriculture, the Autonomous Region in Muslim Mindanao, and other government agencies and local government units. More than P125 billion was also granted to the Department of Education for the construction and repair of basic education facilities, primary school buildings and technical-vocational laboratories. According to the DBM, the biggest chunk of budget for road construction this year went to the road network services with P216.9 billion, 33.4 percent higher than the 2016 allocation. More than P31.1 billion was allocated for Mindanao Logistics Infrastructure Network project, which will provide highways and bridges across Mindanao to connect cities and provinces to ports and production areas. Other major road projects in 2017 include the P1.5 billion UP-Miriam-Ateneo Viaduct in Katipunan Ave., Quezon City and the P1.2 billion road widening project in the General Luis-Kaybiga-Polo-Novaliches Road, among others. The government has also allotted a total of P12.3 billion for the construction and maintenance of access roads to tourist destinations. The Department of Transportation (DOTr), for its part, will spearhead the construction of bus transport systems that are envisioned to provide efficient, comfortable and inexpensive transportation to commuters in Metro Manila and Cebu......»»

Category: financeSource:  philstarRelated NewsJan 30th, 2017

Megawide to invest in infra projects

MANILA -- Megawide Construction Corporation is set to strengthen its presence in the infrastructure sector as it pursues the completion of the Southwest Integrated Transport System and Terminal 2 of the Mactan-Cebu International Airport......»»

Category: newsSource:  mb.com.phRelated NewsSep 19th, 2016

Front Page: Gov't considers 'hybrid' PPP deals

THE GOVERNMENT will consider "hybrid" public-private partnership (PPP) deals for future infrastructure projects under which it will undertake construction while operations will be entrusted to the private sector, Budget Secretary Benjamin E. Diokno said y.....»»

Category: financeSource:  bworldonlineRelated NewsJul 21st, 2016

Gov’t considers ‘hybrid’ PPP deals

THE GOVERNMENT will consider hybrid public-private partnership (PPP) deals for future infrastructure projects under which it will undertake construction while operations will be entrusted to the private sector, Budget Secretary Benjamin E. Diokno sa.....»»

Category: newsSource:  bworldonlineRelated NewsJul 20th, 2016

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

Prioritize Infra Projects, Economist Tells Gov’t

With the Philippines twin deficits, an economist of Maybank said the Philippine government should prioritize projects under its massive infrastructure program. During the 2019 economic outlook jointly hosted by Maybank Philippines Inc. and Maybank ATR Kim Eng in Makati City Tuesday, Dr. Chua Hak Bin, Maybank Global Thematic, Macro Economist, said the country’s rising deficit […].....»»

Category: newsSource:  metrocebuRelated NewsNov 7th, 2018

‘Prioritize infra projects amid deficits’

THE government must prioritize which infrastructure projects could bring more proceeds to the economy amid widening “twin deficits,” a Maybank economist said on Tuesday. During a year-end executive briefing hosted...READ MORE The post ‘Prioritize infra projects amid deficits’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 6th, 2018

Philippines invites newcomer to transform its troubled telco sector

MANILA — Paying some of Asia’s highest telecom charges while suffering slow Internet and frequent dropped calls, Filipinos will expect better service once the government picks a new entrant to break a duopoly in a market worth $5.1 billion annually. Having warned Globe Telecom and rival Smart, owned by PLDT, two years ago that he would […] The post Philippines invites newcomer to transform its troubled telco sector appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsNov 6th, 2018