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Samar I registers 80.48 percent accomplishment of CY 2017 infra projects

DPWH Samar First District Engineering Office closed the preceding year with an accomplishment of 80.48 percent on all its regular infrastructure projects under the General Appropriations Act (GAA)......»»

Category: newsSource: samarnews samarnewsFeb 13th, 2018

DPWH: 2017 Projects at 91.34 percent

The Department of Public Works and Highways Samar First District Engineering Office (DPWH-SFDEO) reports a 91.34 percent accomplishment on its 2017 Regular Infrastructure Projects......»»

Category: newsSource:  samarnewsRelated NewsMay 17th, 2018

DPWH-Biliran DEO’s 2017 projects posts 67.93 percent accomplishment

Biliran DEO posts 67.93 percent accomplishment for 2017 projects with a negative slippage of 5.55 percent as of March 31, 2018......»»

Category: newsSource:  samarnewsRelated NewsApr 28th, 2018

DPWH-Biliran DEO delivered project accomplishment ahead of the planned target as of August, this year

The District Engineering Office has sticked to its promise of fast-tracking the CY 2017 Infrastructure Projects as the district delivered 40.41 percent accomplishment ahead from the planned target accomplishmentt......»»

Category: newsSource:  samarnewsRelated NewsOct 19th, 2017

DPWH-Biliran DEO ending the year with 91.84 percent accomplishment of 2016 infra projects

DPWH Biliran District Engineering Office (BDEO) ends the year with high accomplishment posting 91.84 percent surpassing the 85 percent district target set by the DPWH Central Office......»»

Category: newsSource:  samarnewsRelated NewsFeb 23rd, 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

Northwest Leyte infra projects construction in full swing

Ormoc City — The Leyte 4th District Engineering Office (DEO) has finished 73.84 percent of its regular infrastructure projects for 2016. District Engineer Lino Francisco Gonzales said the figure is higher than their target accomplishment of 67 perc.....»»

Category: newsSource:  mb.com.phRelated NewsAug 11th, 2016

Borrowing limits eased for infra project financing

Monetary authorities have moved to relax borrowing limits to spur bank lending for infrastructure projects. The Bangko Sentral ng Pilipinas on Thursday said that its policymaking Monetary Board had approved a separate single borrower’s limit (SBL) — currently at 25 percent of a bank or quasi-bank’s (QB) net worth — for special purpose entities (SPEs) [...] The post Borrowing limits eased for infra project financing appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 27th, 2018

Infra spending expected to boost GDP growth to 6.8%

The Asean+3 Macroeconomic Research Office (Amro) raised to 6.8 percent its 2018 growth forecast for the Philippines with the massive "Build, Build, Build" program expected to boost economic expansion. "After expanding by 6.7 percent in 2017, the Philippine economy is expected to grow by 6.8 percent in 2018 and 6.9 percent in 2019 as exports remain buoyant while budget execution gradually improves," the regional macroeconomic surveillance organization said in a statement. In January, Amro slightly cut to 6.7 percent from 6.8 percent previously its gross domestic product growth forecast for the Philippines, citing "the softening of private sector demand from the third-quarter 2017 GD...Keep on reading: Infra spending expected to boost GDP growth to 6.8%.....»»

Category: newsSource:  inquirerRelated NewsMar 17th, 2018

Eastern Visayas welcomes 2018 with 4.5 percent inflation rate

Three provinces in the region – Northern Samar, Eastern Samar, and Biliran posted faster inflation rates in January 2018 compared with their figures in December 2017......»»

Category: newsSource:  samarnewsRelated NewsMar 15th, 2018

Petron 2017 income jumps 30%

Petron Corp. yesterday said its consolidated net income surged by 30 percent to P14.1B in 2017 from P10.8 billion in the previous year given strong retail volumes. "We were able to capture the increase in fuel demand with the robust growth of the Philippine and Malaysian economies," Petron president and chief executive Ramon S. Ang said in a statement. "Underpinned by large-scale infrastructure projects, we see strong demand growth in both markets over the medium-term and this bodes well for our business," Ang said. Similarly, the oil refiner's consolidated sales revenue jumped by 26 percent to P434.6 billion last year from P343.8 billion in 2016. Further, operating income le...Keep on reading: Petron 2017 income jumps 30%.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2018

CSR education grantees breach 440,000 mark

Total beneficiaries from the education projects of Aboitiz Foundation increased by 34 percent in 2017 from the previous year’s 329,963 grantees. For its thrust to provide quality and accessible public education for the Filipino youth, the figure manifested 441,840 students received assistance from all over the Philippines in 2017. A total of 1,015 education-related projects [...] The post CSR education grantees breach 440,000 mark appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMar 10th, 2018

Construction activity grows 3.6% in Q4

MANILA, Philippines — Construction activity quickened by 3.6 percent in the fourth quarter of 2017, driven by the strong growth of non-residential projects d.....»»

Category: financeSource:  philstarRelated NewsMar 8th, 2018

Construction projects in Aklan dropped

BUILDING constructions in Aklan dropped by almost 10 percent in 2017, according to the Philippine Statistics Authority (PSA). A total of 709 construction projects based on approved building permits were reported last year, lower by 76 compared to 2016 with 785 projects. All types of constructions went down with additions having the biggest decline with […] The post Construction projects in Aklan dropped appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsMar 7th, 2018

Govt exceeds 2017 infra spending goal

The national government surpassed its infrastructure and other capital spending target last year, the Budget department said on Wednesday, with resources used for priority public works, defense, local governments and education projects. Budget Secretary Benjamin Diokno said in a briefing that the administration spent P568.8 billion for infrastructure and other capital spending in 2017, 3.5 [...] The post Govt exceeds 2017 infra spending goal appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMar 1st, 2018

Eastern Visayas registers 95.6 percent employment rate in 2017

The annual employment rate in Eastern Visayas slightly increased to 95.6 percent in 2017 from 95.5 percent in 2016, ranking sixth among the regions with high employment rate in the country......»»

Category: newsSource:  samarnewsRelated NewsFeb 21st, 2018

NEDA: 78% of infra projects to be funded by national government

Seventy-eight percent of the Duterte administration's big-ticket infrastructure program will be funded by the national government, the country's socioeconomic planning agency said......»»

Category: newsSource:  philstarRelated NewsFeb 14th, 2018

DPWH Bulacan 2nd District Engineering Office Completes P2.093-B Worth of Infra Projects

Department of Public Works and Highways (DPWH) Bulacan Second District Engineering Office completed Php2.093 billion worth of infrastructure projects in 2017. “We successfully delivered the government’s program of Build…Build…Build to the people in the cities of San Jose Del Monte and Meycauayan and the towns of Angat, San Rafael, San Ildefonso, San Miguel, Doña Remedios […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 2nd, 2018

DPWH completes 727 infra projects in WV

THE Department of Public Works and Highways (DPWH) in Region 6 completed more than 700 infrastructure projects amounting to P5.715 billion in 2017. DPWH-6 reported had programmed 1,084 projects amounting to P23.310 billion under its Fiscal Year (FY) 2017 Regular Infra Program. The projects include construction of roads, bridges, flood control structures and other infrastructure […] The post DPWH completes 727 infra projects in WV appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJan 29th, 2018

Cebu Landmasters Ends 2017 With Record P4.58-B Reservation Sales, Plans 20 New Developments in 2018

Homegrown property developer Cebu Landmasters Inc. (CLI) finished the year 2017 with P4.58 billion in total reservation sales, exceeding its target by 13.75 percent and beating the 2016 result by 55.6 percent. CLI attributed its exceptional performance mainly to newly launched residential projects: 38 Park Avenue (Cebu IT Park) with 745 units, Casa Mira South […].....»»

Category: newsSource:  metrocebuRelated NewsJan 19th, 2018

P663M for Infra Projects

Under Gov. Hilario P. Davide III’s infrastructure agenda, P663 million worth of projects was funded by the Capitol in 2017. This was possible through the cooperation of the national government as it aims to roll... The post P663M for Infra Projects appeared first on MetroCebu News......»»

Category: newsSource:  metrocebuRelated NewsJan 4th, 2018