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Mega Manila Subway to start construction next year – NEDA

MANILA, Philippines — The board of the National Economic and Development Authority (NEDA) has approved the first phase of the Japan-funded Mega Manila Subway.....»»

Category: financeSource: philstar philstarSep 13th, 2017

Mega Manila Subway to start construction next year – NEDA

MANILA, Philippines — The board of the National Economic and Development Authority (NEDA) has approved the first phase of the Japan-funded Mega Manila Subway.....»»

Category: financeSource:  philstarRelated NewsSep 13th, 2017

PH, Japan eye early subway completion

The proposed Metro Manila Subway Project (MMSP) remains on track, the Transportation department said on Wednesday as it denied a report that the start of construction could be pushed back to December next year. “In fact, instead of the original completion date for the entire system in 2025, the DOTr (Department of Transportation) … has [...] The post PH, Japan eye early subway completion appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 8th, 2017

Construction of NLEX-SLEX Connector Road to start by July

MANILA, Philippines – The tollways unit of Manuel Pangilinan-led Metro Pacific Investments Corporation (MPIC) will start building a toll road connecting the North Luzon Expressway (NLEX) and the South Luzon Expressway (SLEX) by July this year. "By June or July, we should be mobilizing by that date," Rodrigo Franco, ........»»

Category: newsSource:  rapplerRelated NewsApr 1st, 2018

Traffic to get even worse

Traffic in Metro Manila is bound to get worse before it gets better, as the government rolls out its infrastructure projects meant to ease road congestion in the third quarter of 2018. "There are many projects next year that are part of the 'Build, Build, Build' program ... that will simultaneously [start construction by this time] till the end of President Duterte's term. For us to have better infrastructure, we need to go through heavy traffic. So we have to keep our patience up," Transport Undersecretary for Roads Tim Orbos said on Tuesday. Among the big-ticket projects scheduled next year are the construction of several bridges, the rehabilitation of Guadalupe Bridge, and the c...Keep on reading: Traffic to get even worse.....»»

Category: newsSource:  inquirerRelated NewsDec 27th, 2017

Manila subway project to start in 3rd quarter of 2018

CONSTRUCTION of the Metro Manila subway, the country's first ever mass underground transport system, is expected to start in the third quarter of 2018, the Department of Budget and Management (DB.....»»

Category: newsSource:  philippinetimesRelated NewsDec 21st, 2017

Tale of 2 cities: Olympics sponsors in Pyeongchang and Tokyo

em>By Youkyung Lee and Mari Yamaguchi, Associated Press /em> SEOUL, South Korea (AP) — The Winter Olympics coming to South Korea in February offer an example of the Olympian efforts often required to meet corporate sponsorship goals. Tokyo tells a different story: The coffers are already overflowing for the 2020 Summer Games. It's a tale of two cities and two Olympics — winter and summer. Pyeongchang is a little-known destination in one of South Korea's poorest provinces. It is the 'little town that could,' bidding twice unsuccessfully for the Winter Olympics before winning on its third try. A final push enabled it to reach its sponsorship target of 940 billion won ($830 million) in September, with just five months to go. Tokyo is an established global capital, and the Summer Games usually generate more excitement — and more money. Organizers have raised 300 billion yen ($2.7 billion) in sponsorship, twice any previous Olympics. International Olympic Committee Vice President John Coates describes it as a remarkable achievement. The divergent experiences of two Asian host cities illustrate the challenges that smaller bidders face, as well as South Korea's dependence on the big family-owned companies that dominate its economy. Not that Tokyo is home-free. The cost of the 2020 Games has nearly doubled from initial projections. As with most Olympics, taxpayers will have to foot a good part of the bill. ___ strong>WHERE 'CHAEBOLS' RULE /strong> Starting with the 1988 Seoul Olympics, South Korea has used mega-events such as the soccer World Cup to raise the profile of the country and its manufacturing exporters. Pyeongchang is different. The project was initiated by local politicians in an area long alienated politically and economically in South Korea's rise to prosperity. Some feared people would confuse the city's name with Pyongyang, the North Korean capital. They couldn't count on the automatic support of the huge family-run conglomerates, known as 'chaebol,' such as Samsung, Hyundai and LG. 'When such mega-events were the nation-state's key project, the chaebol were called on and were expected to become the leading participants,' said Joo Yu-min, a professor at the National University of Singapore who co-authored a book on South Korea's use of mega-events. In the end, the national government brought the conglomerates in, first in the bid process, and then for sponsorship. That underscores both the outsized role they play in the economy and their close ties with government. They owe a debt to special treatment from the government, which in turn used them to industrialize the country after the devastating 1950-53 Korean War. After Pyeongchang's bid was rejected a second time, the government called on Samsung and others to help. The president even pardoned Lee Kun-hee, the patriarch of the Samsung founding family who had been an IOC member but voluntarily suspended his membership after being indicted for tax evasion. The IOC reinstated Lee in 2010 with a reprimand and some restrictions, allowing him to lobby heavily for what became Pyeongchang's winning bid in 2011. It took three years for the organizing committee to sign its first domestic sponsor, KT Corp., the country's second-largest mobile carrier. Again, the national government asked the conglomerates for help. All the major ones signed on, after the office of then-President Park Geun-hye made a special request and multichannel pressures for financial assistance, Joo said. Elsewhere, companies may weigh sponsorship decisions based more on the marketing benefits. 'In South Korea, companies make donations out of a sense of duty that they are being part of the national event,' said Park Dong Min, the executive director overseeing membership at the Korea Chamber of Commerce and Industry. Sponsors who signed up late weren't willing to give as much, because there was less time to enjoy the marketing benefits. A bank that signed on less than a year before the Games significantly reduced its sponsorship. To top it off, a massive sports-related political corruption scandal rocked South Korea in 2016, just when Pyeongchang was making last-ditch efforts to raise sponsorship. 'Companies showed some reluctance' to sponsor the Olympics, said Eom Chanwang, director of the Pyeongchang organizing committee marketing team. 'Nevertheless, they still joined.' The scandal brought down Park, the president. Lee Jae-yong, the heir to the Samsung group, received a five-year sentence for bribery. Lee, who has appealed, had become de facto chief of the Samsung group after his father Lee Kun-hee, the IOC member pardoned in late 2009, fell ill. It was the younger Lee who signed an agreement with IOC President Thomas Bach to extend Samsung Electronics' sponsorship of the Olympics globally through 2020. Samsung declined interviews for this story. With the scandal still fresh in people's minds, major companies have held back from launching full-fledged marketing to promote the Games. 'Samsung traditionally has done consumer marketing through the Olympics, but because its chief is in jail, it cannot do as much these days,' said Kim Do-kyun, a sports professor at Kyung Hee University Graduate School of Physical Education. The Pyeongchang Games were the biggest victim of the scandal, he said. ___ strong>SUMMER OF '64 /strong> The president of Japan's biggest toilet manufacturer was seven years old when the Olympics first came to Japan. TOTO Ltd. made news in 1964 for its prefabricated toilet-and-bath units that helped speed the construction of a luxury hotel, the New Otani, in time for the Games. The company, now known for high-tech toilets that baffle some foreign visitors, is back as a sponsor of Tokyo 2020. 'I feel our company and the Olympics have been bonded by fate,' TOTO president Madoka Kitamura said at a sponsorship signing ceremony at the same hotel last year. The $2.7 billion in sponsorship for Tokyo 2020 is more than three times the original estimate. By comparison, sponsorship revenue was $848 million in Rio de Janeiro last year, and about $1.2 billion for both London 2012 and Beijing 2008. The Winter Olympics typically attract less, though Sochi, Russia, raised $1.2 billion in 2014. Analysts attribute Tokyo's success to both patriotism and a sense of nostalgia for the 1964 Summer Games. They were much more than a sports contest for Japan. They were a moment of pride, marking the country's return as an industrial power after the devastation of World War II and a seven-year U.S. occupation. 'All of Japan still recognizes the unique role that the 1964 Olympics played in Japan's stepping out onto the world stage,' said Michael Payne, a former IOC marketing director who now works as a consultant. 'Many of the CEOs of top Japanese companies would have been young kids back in '64 and are very aware of the role those Games played for the psychological recovery from the Second World War.' They grew up with the high-speed 'Shinkansen' bullet train, inaugurated in 1964; modern expressways and western-style toilets, all symbols of Japan's postwar economic growth. 'Now they have become business leaders, they want to contribute and leave something behind that can be remembered for the next 50 years,' said Masahiko Sakamaki, executive director of marketing for the Tokyo organizing committee. He said that memories of the recovery may have boosted interest in sponsorship, as Japan was still reeling from a deadly 2011 earthquake and tsunami when Tokyo won the bid in 2013. Sakamaki said the organizing committee started receiving sponsorship inquiries as soon as it was established in 2014, before the official start of sponsorship contracts in 2015. There is so much interest that the IOC is allowing Tokyo to have multiple sponsors in some categories, instead of the usual one, including in aviation, newspaper publishing, electronics and banking. TOTO officials won't say how much they are contributing, but media reports say companies in its sponsorship category give between 6 billion and 15 billion yen ($53 million to $133.5 million). Tokyo 2020 wouldn't comment on those reports. 'We believe our presence as part of an all-Japan effort toward a successful Olympics will enhance our favorable brand image,' said Mariko Shibasaki, the company's senior planner for sports communication. Thanks in part to robust sponsorship revenue, the organizing committee has increased its contribution to the cost of the games from 500 billion to 600 billion yen ($5.3 billion). The sponsorship revenue makes up half of the income in the privately-run organizing committee's operating budget. Other revenue comes from the International Olympic Committee, marketing and ticket sales. The overall cost of the Tokyo Olympics is estimated at 1.4 trillion yen (12.4 billion) with the Tokyo government shouldering 600 billion yen ($5.3 billion) and the remaining 200 billion yen (1.8 billion) paid by the national government and local governments hosting events. ___ em>Yamaguchi reported from Tokyo. Associated Press writer Stephen Wade in Rio de Janeiro contributed to this story. /em> .....»»

Category: sportsSource:  abscbnRelated NewsOct 12th, 2017

Construction of Batangas LNG hub to start next year — Cusi

MANILA, Philippines — The liquefied natural gas (LNG) hub in Batangas is expected to start construction in 2018, taking advantage of the growing gas demand i.....»»

Category: financeSource:  philstarRelated NewsSep 27th, 2017

Two China-funded bridges set to break ground

MANILA, Philippines — The government is targeting to start the construction of two China-funded bridges across the Pasig River in November this year, Departm.....»»

Category: financeSource:  philstarRelated NewsSep 12th, 2017

Neda chief: Mega Manila Subway project up for Palace OK in September - Inquirer.net

Neda chief: Mega Manila Subway project up for Palace OK in September - Inquirer.net.....»»

Category: newsSource:  googlenewsRelated NewsAug 18th, 2017

LRT-Cavite construction to start in October 2018

Construction of the Light Rail Transit Line 1 Cavite extension is expected to start later this year......»»

Category: newsSource:  philstarRelated News6 hr. 12 min. ago

LRT-Cavite construction to start in October 2018

Construction of the Light Rail Transit Line 1 Cavite extension is expected to start later this year. Source link link: LRT-Cavite construction to start in October 2018.....»»

Category: newsSource:  manilainformerRelated News7 hr. 46 min. ago

Egyptian man in custody over ‘foiled attack’ in France

PARIS: French police have foiled a suspected attack by an Egyptian man, one of three prevented by domestic intelligence agents since the start of this year, officials and sources close to the inquiry said Friday. Interior Minister Gerard Collomb said the attack would have been committed “with explosives or ricin, this very powerful poison”. The [...] The post Egyptian man in custody over ‘foiled attack’ in France appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 18th, 2018

SEAG council announces initial 30 sports to be played in 2019 meet

A total of 30 sports has been initially approved by the Southeast Asian Games Federation for the country’s hosting of the 30th edition of the biennial meet in 2019.      Philippine Olympic Committee president Ricky Vargas announced in a press briefing Thursday the initial list of preferred sports for the regional sports spectacle set on November 20 to December 10 next year. Here's the list of the approved sports after the two-day SEA Games Federation meeting: The initial list of approved sports for the 30th Southeast Asian Games @abscbnsports pic.twitter.com/yqLo1UdRbb — Mark Escarlote (@fromtheriles) May 17, 2018 Aside from the initial 30 sports list, there will be at least 12 other sports from 22 Category 3 sports to be included in the meet depending on the council’s decision. Included in the Category 3 list are arnis, body buiding, bridge, E-sports, darts, fin swimming, floorball, jiujitsu, kurash (wrestling)  lawn ball, netball, obstacle course, polo, sambo, skateboarding, shuttlecock, shorinji (kempo), surfing, water skiing, vovinam, sports rock climbing and aero sports. Competitions will be held in three major hubs with the under construction New Clark City as the main venue with games also to be held in Subic for the majority of water sports and in Metro Manila, where crowd-drawing sports basketball and volleyball will be held. “The main hub of the 30th SEA Games will be in Clark New Sports City, this is the main hub of the games. Before it was Manila, but now since we are building a new athletics stadium and aquatics, Clark will be main hub,” said SEA Games Organizing Committee executive director Ramon ‘Tats’ Suzara. “Secondary hub will be in Subic, Metro Manila will be third hub.” The official one-year countdown will begin on Nov. 30 while the official mascot, slogan and logo will be unveiled on July. The opening ceremony will be held tentatively  at the Philippine Arena in Bulacan.   ---       Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsMay 17th, 2018

UAAP: NU to make sweeeping changes in schedule for Season 81

UAAP Season 81 hosts National University has announced that there will be major changes in the upcoming season, in particular with the schedule of some sports.  According to Teodoro Ocampo, the incoming President of the Board of Trustees of the UAAP, the eight schools have decided to move some events, particularly Track and Field, Fencing, and Chess, and will see an earlier start, as they are scheduled to be moved to the first semester. Ocampo cited balance in the schedule of the league, which is divided in two semesters, with the first semester running from September to December, while the second semester runs from February to May.  While both semesters carry nine events, the board will look to move the shorter-length events like Track and Field and Fencing, which only lasts a few days. "May request ang other board members kung puwede i-move sa first semester," Teodoro said after the UAAP Season 80 closing ceremony at the FEU Auditorium in Manila.  As for Opening Day, NU's highest representative meanwhile said that the school is looking at a tentative September 8 date at the Mall of Asia Arena.  While FEU introduced 3x3 basketball and retained streetdance as exhibition events, the Bulldogs will be trying to bring back ballroom dancing, which was introduced in Season 79 by hosts University of Santo Tomas, but was temporarily scrapped by the Tamaraws.  In terms of the basketball tournament, the Bulldogs will introduce a rulebook, which was approved today by the Board, and its contents will be announced in the near future.  With the looming biennial SEA Games to be held in our country November 2019, and the Asian Games in Jakarta from late August to early September this year, Ocampo says the Board is yet to discuss possible conflict of schedules with the student-athletes.  Contrary to FEU announcing the theme "Go For Great" last year at the conclusion of Season 79 at UST's Plaza Mayor, the Bulldogs are still unsure of the theme, as they are still checking whether if their proposed theme will not be facing plagiarism issues like what FEU faced this season.  "Kasi mukhang ang Go For Great, some said it had been used na eh. But buti na lang they were able to justify it, yung FEU." When asked if the UAAP would follow suit with the NCAA on Tour introduced by NCAA Season 93 hosts San Sebastian last year, where schools would play in a home-and-away format in a school every Thursday, Ocampo answered on the negative, citing the Board's adamant stand on the topic, citing scheduling issues. "No, no, no. Not in the plans eh. It would be nice ano? Mukhang mahirap eh, because of their schedules in school. Mahirap eh." __     Follow this writer on Twitter, @philipptionary.       .....»»

Category: sportsSource:  abscbnRelated NewsMay 17th, 2018

Rohingya Muslims face difficult Ramadan

COX’S BAZAR, Bangladesh: The 12-year-old Rohingya refugee dreamed of Ramadan back in his own village—fish to break the day’s fast, gifts from his family and relaxing beneath the trees before evening prayers at the mosque. But for M.D. Hashim and others like him living in squalor in Bangladesh, the start of the Islamic holy month [...] The post Rohingya Muslims face difficult Ramadan appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 16th, 2018

Lopez Group readies partnerships for $1-billion LNG terminal

The Lopez Group plans to start developing its $1 billion liquefied natural gas terminal in 2019 as it looks to close partnerships and engineering, procurement and construction contracts within the year......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2018

First Gen aims to select partners for LNG terminal within the year

Lopez-led First Gen Corp. has set a firm schedule for its plan to build a liquefied natural gas (LNG) terminal and regasification facility, including the selection of a partner this year and the start of construction next year, company officials said. “Our intention is to finalize that partnership arrangement within the year,” said Francis Giles […] The post First Gen aims to select partners for LNG terminal within the year appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 9th, 2018

McGregor rematch? Floyd Mayweather Jr. isn t thinking about that right now

It's been nine months since boxing superstar Floyd Mayweather Jr. made his return to the ring after a brief retirement to face off against UFC star Conor McGregor in the biggest boxing event of 2017.  After taking out McGregor in the tenth round for his 50th career victory, "Money" went back to retirement and it looks like it's going to stay that way.  The 41-year old five-division world champion arrived in Manila early Tuesday morning and during his brief media scrum upon arrival, was asked about his thoughts on a couple of rematches, including another potential mega-money bout with McGregor.  Safe to say, Money Mayweather Jr. is too busy living his best life to be concerned about any rematch.  "As of right now, I'm touring around the world, doing different things, embracing my fans, getting love from all around the world, right now I'm just travelling." Mayweather Jr. said. "I don't know what the future holds, but as of right now, I'm retired." The Philippines is the latest stop in Mayweather's world tour, having been in Dubai, Singapore, Bali, and Bangkok before landing here.  "I'm not thinking about fighting right now." added Mayweather Jr.  Clearly.  The sure-fire boxing Hall of Famer did however, continue his tease of dabbling in mixed martial arts.  Earlier this year, Mayweather Jr. relased a number of teases wherein he was seen stepping inside the an MMA cage.  A month later, he said that he was working towards applying for an MMA license.  Tuesday morning, talking to ABS-CBN News' Dyan Castillejo, he again mentioned stepping crossing over into the MMA world.  "If I do happen to come back, it'll be in an Octagon. If I did, but right now, I'm not worried about the Octagon or the boxing ring." So does this mean that we just might see Money May do some MMA in the future?  Only time will tell. .....»»

Category: sportsSource:  abscbnRelated NewsMay 8th, 2018

PLDT unit seals partial sale of Rocket Internet stake

MANILA, Philippines – A unit of PLDT Incorporated  sold bulk of its shares in Rocket Internet SE, a German investor in technology start-ups, for a total of about €163.2 million (P10.10 billion), with the proceeds going toward its historic high capital spending budget for the year. PLDT told the Philippine Stock Exchange (PSE) ........»»

Category: newsSource:  rapplerRelated NewsMay 7th, 2018

Foreign teams, organizers impressed with Filipino crowds, hosting of FIVB World Tour Manila Open

The Philippines proved to the world that it can host a magnitude of an event such as the FIVB Beach Volleyball World Tour Manila Open.  Beach Volleyball Republic co-founder Charo Soriano was delighted that as first-time hosts, the country was able to hold a successful international beach volleyball tournament.  "I'm very much humbled and very happy. It's was very fulfilling to see the number of people watching and the amount of support that we are getting for beach volleyball -- not only for the Philippine team but even for other athletes as well," said Soriano.  Playing in front of a big appreciative crowd that packed Sands SM By The Bay, Japan’s Ayumi Kusano and Takemi Nishibori won their first World Tour women's gold medal following a quick 21-14, 21-18 conquest of Spain’s Maria Belen Carro and Paula Soria in the final. Germany’s Max-Jonas Karpa and Milan Sievers also snatched their first-ever FIVB World Tour men's gold, beating Russia's Petr Bakhnar and Taras Myskiv in come-from-behind fashion, 15-21, 23-21, 15-9. Filipino fans were treated to and spoiled with world-class beach volleyball action in the four-day, one-star tournament.     "Hopefully this is the start. This can be the catalyst for what we really want, which is beach volleyball to be here in the Philippines. And it’s a sport for the masses talaga. A sport that people can enjoy and that everybody can learn to love as well," Soriano said. Among the four Filipina pairs that competed, Sisi Rondina and Dzi Gervacio advanced the most, making it to the quarterfinals. Meanwhile, reigning BVR national champions Karen Quilario and Lot Catubag secured a round-of-12 spot and were just a point away from advancing to the top eight. Both feats, Soriano considered to be a breakthrough for the sport in the country.  The Filipinas defied tremendous odds - especially with Rondina and Gervacio beating much taller and experienced pairs from the United States and Canada, and Quilario and Catubag, who pushed reigning Asian U19 champions Thailand to three extended sets before losing in a valiant effort.  "It's a very momentous event, this one," said Soriano, who herself competed along with Bea Tan. "First, because a lot of the Philippine teams really didn't have programs prior to this event. We have BVR, we have regional tours, we have national championships. But in terms of having a proper national training pool program, it's still non-existent. But despite that, we were able to garner wins in the first-ever FIVB tournament that we are entering as national team.   "Napakasaya po kasi we are very proud of the rest of the Philippine delegation. Even though our men's teams didn't really win, you can really see that they were competent. They were competitive."  The FIVB World Tour is a good gauge for those vying for slots in future beach volleyball tournaments like next year's Southeast Asian Games that the Philippines is hosting.  Soriano thanked Larong Volleyball sa Pilipinas Inc. acting president Peter Cayco and secretary-general Ricky Palou for their support and overseeing the event. The event is supported by Dataland, Dataland Residentials, The Olive Place, Rebisco, Creamline, Globe, Maynilad, Gatorade, Tryp and Hotel 101. "We just need the proper support and of course, continous programs in time for SEA Games next year. That's really the goal and that's why we wanted to push for an international tournament as well in preparation for next year's SEA Games," said Soriano.  With the way the Manila Open has turned out, another one-star tournament in the coming years is not far fetched. "For sure, it won't be the last," said Soriano. "Being the first-time hosts and speaking as an organizer, we had setbacks as well, we had problems, but nothing that teamwork cannot fix.".....»»

Category: sportsSource:  abscbnRelated NewsMay 7th, 2018