NEDA approves 23 new priority infrastructure projects
The National Economic and Development Authority Board has approved the inclusion of 23 projects in the list of infrastructure flagship projects to be prioritized under the current administration, bringing the total cost to P9.14 trillion......»»
‘Mining should be part of government priority projects’
The government should include mining in its investment priority projects and extend more fiscal incentives to further attract investments in the sector, according to the Chamber of Mines of the Philippines......»»
Institutionalize space allocation for ICT infrastructure in development projects – think tank
Legislators should adopt a no-lease policy in a pending legislation requiring real estate developers to allocate space for information and communication technology (ICT) infrastructure in all existing and new development projects, according to international think tank Stratbase Institute......»»
DA forms working teams for infrastructure projects
The Department of Agriculture has formed three teams within the department to oversee the undertaking of infrastructure projects that would boost food production nationwide......»»
Infrastructure projects get better loan terms from Japan
The Philippines has secured better financing terms for two big-ticket infrastructure projects funded by the Japanese government aimed at improving public transport and road connectivity......»»
DPWH, DOTr vow to enhance collaboration on infrastructure projects
The Marcos administration is ramping up key infrastructure projects via enhanced collaboration between the Department of Public Works and Highways and the Department of Transportation......»»
Balamban town completes 30 infrastructure projects
Balamban town completes 30 infrastructure projects.....»»
DBP lends P2 billion for Palawan infrastructure projects
State-run Development Bank of the Philippines has extended a P2-billion loan financing to the local government of Palawan for vital public infrastructure projects including the upgrade of road network......»»
PNP approves new policy mandating removal of tattoos among personnel
PNP approves new policy mandating removal of tattoos among personnel.....»»
Japan’s government approves new foreign trainee program
Japan’s government approves new foreign trainee program.....»»
Trabaho Para sa Bayan Act Implementing Rules Now Inked
The Inter-Agency Council Trabaho Para sa Bayan Act (TPB-IAC) officially signed the implementing rules and regulations (IRR) on March 12, 2024, at the NEDA Central Office in Mandaluyong. The Trabaho Para sa Bayan Plan Act or Republic Act 11962 implementing rules was signed by was signed by National Economic and Development Authority (NEDA) Secretary Arsenio […].....»»
NEWS BRIEFS | Misamis Oriental Updates, 31 January 2024
P12.75 billion ok’d for Laguindingan airport expansion The National Economic Development Authority (NEDA) said it approved the expansion of Laguindingan Airport in Misamis Oriental, which has become the most overcrowded airport in the region. NEDA Secretary Arsenio Balisacan approved the “parameters, terms, and conditions of the upgrade of the airport,” Mindanao’s second busiest airport. The […].....»»
Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»
NEDA Chief: More reforms needed to unlock full benefits of Cha-cha
MANILA, Philippines —Socioeconomic Planning Secretary Arsenio Balisacan on Saturday reiterated his support for the proposed amendments particularly to the restrictive economic provisions of the Constitution. Those changes, the National Economic and Development Authority (Neda) chief said in a statement, are crucial for the economic advancement and competitiveness of the Philippines. Balisacan issued the statement to.....»»
Tower companies pool in for 4G, 5G infrastructure
Two independent tower companies – Phil-Tower Consortium Inc. and Miescor Infrastructure Development Corp. – are set to form a joint venture company for 4G and 5G mobile network infrastructure in the country......»»
Philippines urged to accelerate development of sustainable infrastructure
The Philippines needs to work double time in building sustainable infrastructure given its high vulnerability to the impacts of climate change and weather disturbances, Singapore-based project facilitation office Infrastructure Asia said......»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Monetary Board approves $2.87B in foreign loans for public sector in Q1 2024
Monetary Board approves $2.87B in foreign loans for public sector in Q1 2024.....»»
House approves bill seeking revocation of SMNI’s franchise
House approves bill seeking revocation of SMNI’s franchise.....»»
Peza approves P14.951B investments from January to March
Peza approves P14.951B investments from January to March.....»»
Senator approves measure seeking medical use of marijuana
Senator approves measure seeking medical use of marijuana.....»»