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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

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

Palay prices rise at start of 2018

MANILA, Philippines — Farmgate prices of paddy rice started on a high note this year, posting a seven percent jump in the first week of the month, the Philip.....»»

Category: financeSource:  philstarRelated NewsJan 20th, 2018

New Zealand PM says she’s having a baby

WELLINGTON: New Zealand Prime Minister Jacinda Ardern announced on Friday she is expecting her first baby, and is set to become the country’s first leader to give birth while in office. The 37-year-old, who was sworn in last October, made global headlines when she slapped down pre-election questions over whether she intended to start a [...] The post New Zealand PM says she’s having a baby appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 19th, 2018

New year, new you: How to give your aura a spiritual refresh

MANILA, Philippines – It’s January and we’re ready to leave all the bad vibes behind us and start fresh – but it’s not that easy to stick to resolutions and stay optimistic when you’re stuck in a bad headspace. Enter the Healing House, a literal house in Mandaluyong, that has built ........»»

Category: newsSource:  rapplerRelated NewsJan 18th, 2018

Taguig terminal construction to start by 2nd half of 2018

CONSTRUCTION OF the Taguig Integrated Terminal Exchange (ITX) will start by the second half of the year, the government announced yesterday. The Department of Transportation (DoTr), together with partner Ayala Land, Inc. (ALI), held a groundbreaking ceremony yesterday, Jan. 17, for the project that is expected to be operational by the first half of 2020. […] The post Taguig terminal construction to start by 2nd half of 2018 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 17th, 2018

15 key infrastructure projects being readied for 2018 launch

THE GOVERNMENT expects a pickup in infrastructure activity this year, with 15 big-ticket projects already in the pre-construction stage, the Finance department said. This adds to the 44 projects already in the works as of January. “[About] 60 projects are under construction and pre-construction so most of these will start getting implemented this year, that’s […] The post 15 key infrastructure projects being readied for 2018 launch appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 15th, 2018

Shelter for sexually-abused kids to rise in NegOcc

BACOLOD City – The construction of a shelter for sexually-abused children in Silay City, Negros Occidental will start February 2018. The Cameleon Center will rise on a 8,000-square meter site at Bonbon Village, Brgy. E. Lopez donated by the City Government to Cameleon Association, a 20-year old non-government organization based in Passi City, Iloilo. The […] The post Shelter for sexually-abused kids to rise in NegOcc appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 14th, 2018

Asia markets mostly up, HK extends record run

HONG KONG: Most Asian markets resumed their positive start to the year on Friday with Hong Kong extending its record run to 14 days while the euro held gains after the previous day’s jump. Investors were once again provided a strong lead from Wall Street where all three main indexes advanced to new all-time highs, [...] The post Asia markets mostly up, HK extends record run appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 12th, 2018

Young Cayabyab is top Pinay 3x3 player to start 2018

Nazareth School of National University's Rhayyan Amsali is currently the top-ranked 3x3 player in the Philippines according to FIBA. In the latest rankings released by basketball's world governing body, the NU Bullpup emerged as the top player in the country to start 2018. Amsali currently has 50,200 individual points, good for 220th in the world for the U18 category. Meanwhile, former Nike Rise athlete Kristine Cayabyab is the no. 1 woman in the Philippines when it comes to 3x3. The 15-year-old Cayabyab, who is enrolled at Chiang Kai Shek and is a member of Perlas Pilipinas, has 24,060 total points which puts her at no. 146 in the world for the U18 category. Later this year on June 8-12, Manila will host the FIBA 3x3 World Cup where 40 teams will compete.     --- Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsJan 11th, 2018

Happy 2018!!!!! Start your year right with SM Store Manila’s Clearance Sale! Hur…

Happy 2018!!!!! Start your year right with SM Store Manila’s Clearance Sale! Hurry and head over to get up to 50% off on amazing deals plus EXTRA 10% on markdown items from Jan. 12-14, 2018! Happy 2018!!!!! Start your year right with SM Store Manila’s Clearance Sale! Hurry and head over to get up to… link: Happy 2018!!!!! Start your year right with SM Store Manila’s Clearance Sale! Hur….....»»

Category: newsSource:  manilainformerRelated NewsJan 11th, 2018

Meralco rates dip

GOOD news for electricity consumers at the start of the year! The Manila Electric Company (MERALCO) announced a decrease in electricity rates for January 2018 amounting to P0.5260 per Kilowatt Hour (kWh). For a typical household, the decrease brings down the overall rate from last month’s P9.2487 per kWh to….....»»

Category: newsSource:  journalRelated NewsJan 10th, 2018

Team Lakay s Geje Eustaquio gets ONE interim title shot in Manila

Team Lakay flyweight Geje 'Gravity' Eustaquio gets a massive opportunity to start 2018, fights for the ONE Championship interim flyweight world title at ONE: Global Superheroes on Friday, January 26th at the Mall of Asia Arena in Pasay City, Manila.  Baguio native Eustaquio will meet former flyweight world champion Kairat Akhmetov of Kazakhstan in a rematch of their controversial three-round war back in 2017 that went to the former champion via split decision.  Regarded as one of the most talented strikers in the flyweight division, the 28-year old Eustaquio had won three of his last four bouts prior to the controversial loss to Akhmetov, which included a successful return to the flyweight division against Thailand's Anatpong 'Mak' Bunrad.  Six of Eustaquio's nine career wins have come under the ONE banner, which includes victories over veterans Gianni Subba, Saiful Merican, and current ONE strawweight world champion Alex Silva.  The owner of an impressive 23-1 professional record, Almaty, Kazakhstan's Akhmetov came into ONE as an unbeaten prospect and immediately left a mark by snatching the flyweight world title from Adriano Moraes in his promotional debut.  Moraes would regain the title back two years later, but not without a fight from the Kazakh.  In Eustaquio and Akhmetov's first meeting back in September of 2017, many believed that the Filipino was denied a knockout win by an errant call from referee Yuji Shimada.  During the first round, Eustaquio landed a barrage of upkicks, stunning Akhmetov. Shimada paused the action and allowed the former champion to recover.  Akhmetov would later get the split decision nod after three rounds.  Eustaquio now gets the chance to avenge his loss and capture interim title gold in front of a partisan Filipino crowd at the MoA Arena.  Joining Eustaquio on the Manila card will be Team Lakay teammates in former strawweight title challenger Joshua 'The Passion' Pacio and featherweight contender Edward 'The Ferocious' Kelly, as well as Filipino lightweight veteran Eric 'The Natural' Kelly.  Full ONE Championship: Global Superheroes fight card to be announced soon.    ONE Championship: Global Superheroes happens on Friday, January 26th at the Mall of Asia Arena in Pasay City, Manila.  Catch the telecast on January 26th, 8:30 PM LIVE on S+A channel 23......»»

Category: sportsSource:  abscbnRelated NewsJan 10th, 2018

$500-M Metro Manila flood control project starts this month, DOF says

The first Philippine project partly financed by the China-led Asian Infrastructure Investment Bank (AIIB) is expected to start implementation this month, the Department of Finance saidTuesday.   In a statement, the DOF said the government would begin work on the $500-million Metro Manila Flood Control Management Project to be jointly implemented by the Department of Public Works and Highways and the Metro Manila Development Authority within the month.   In September last year, the AIIB and the World Bank approved their respective loans of $207.6 million each for the said project.   The remaining $84.7 million will come from the national government. &nb...Keep on reading: $500-M Metro Manila flood control project starts this month, DOF says.....»»

Category: newsSource:  inquirerRelated NewsJan 9th, 2018