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WB approves $170M funding for PHL rural projects

THE World Bank has approved $170 million in additional funding for programs that seek to develop provinces Philippines by building more roads, bridges, and irrigation systems. In a statement, the multilateral lender announced on Friday that it will be extending a bigger credit line for the Philippine Rural Development Project (PRDP), which is a nationwide […] The post WB approves $170M funding for PHL rural projects appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineJan 13th, 2018

NEDA’s Infracom approves three feasibility studies

The inter-agency Infrastructure Committee (Infracom) of the National Economic and Development Authority (NEDA) has approved another batch of funding support for the feasibility studies of three infrastructure projects. NEDA’s Infracom approves three feasibility studies The inter-agency Infrastructure Committee (Infracom) of the National Economic and Development Authority (NEDA) has approved another batch of funding support for… link: NEDA’s Infracom approves three feasibility studies.....»»

Category: newsSource:  manilainformerRelated NewsSep 23rd, 2018

PRDP gets P9B for infra projects

DAVAO CITY (MindaNews/25 July) – The Philippine Rural Development Program (PRDP) received a fresh funding for infrastructure projects worth P9.068 billion from the World Bank approved last May this year, an official said. Engr. Danilo Alesna, deputy project director PRDP-Mindanao, said in an interview on Wednesday they have yet to determine what infrastructure projects would […].....»»

Category: newsSource:  mindanewsRelated NewsJul 25th, 2018

PRDP backs Mindanao growers with nearly P400M

DAVAO CITY — Funding worth P398.63 million from the Philippine Rural Development Project (PRDP) has been allocated for 84 enterprise projects covering 15 commodities in Mindanao. In a statement released over the weekend, the PRDP-Mindanao office said 77 of these projects, accounting for P363.16 million, have been approved while the rest are still being processed. […] The post PRDP backs Mindanao growers with nearly P400M appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 26th, 2018

PH rural devt project gets additional $170M

The World Bank will provide $170 million in additional financing for the Philippine Rural Development Project (PRDP), which was described as one of the country’s “most innovative”. In a statement on Friday, the Washington-based multilateral lender said the funding approved by its board of executive directors would support the development of rural infrastructure such as [...] The post PH rural devt project gets additional $170M appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 12th, 2018

P12 billion in infra projects to be implemented in Mindanao next year

DAVAO CITY (MindaNews / 13 Dec) – Around P12 billion in various infrastructure projects will be implemented in Mindanao next year. Sherwin Manual, information unit head of the Philippine Rural Development Project (PRDP)-Mindanao said in an interview Thursday that they expect a massive implementation of at least 172 infrastructure subprojects in several areas in Mindanao […].....»»

Category: newsSource:  mindanewsRelated NewsDec 13th, 2018

EDITORIAL - Budget war

Congress has the power of the purse, and lawmakers have used that power for a long time to identify and provide funding for their pet projects......»»

Category: newsSource:  philstarRelated NewsDec 13th, 2018

Andaya says Sorsogon got P10B in infra projects

  Sorsogon province received P10 billion for infrastructure projects in 2018 alone from the national government, Majority Leader Rolando Andaya Jr. said on Wednesday.   "For your information, Sorsogon is the champion (in terms of funding) this year," Andaya said at a news conference.   Another P6 billion for Sorsogon was in the budget that the national government wanted to rush for approval, said the lawmaker from Camarines Sur. "We saw what happened when you rush the budget. The projects go to just one contractor."   Andaya said Bulacan-based CT Leoncio Construction and Trading cornered P2.5 billion of the P10 billion released to Sorsogon thi...Keep on reading: Andaya says Sorsogon got P10B in infra projects.....»»

Category: newsSource:  inquirerRelated NewsDec 12th, 2018

Bicam approves simplified power permits bill

A BILL seeking to modernize and streamline the permitting process for power generation, transmission, and distribution projects was approved by the bicameral conference committee......»»

Category: newsSource:  bworldonlineRelated NewsDec 10th, 2018

Rockwell board approves capex funding plan from earnings

ROCKWELL Land Corp. said its board approved on Friday the appropriation of P7 billion of the company’s retained earnings of P12.1 billion for capital expenditure covering the period 2019 to 2021......»»

Category: newsSource:  bworldonlineRelated NewsDec 7th, 2018

Economic managers want more ODA for infrastructure funding

The Philippines should maximize the use of official development assistance to fund in whole or in part big-ticket infrastructure projects under the government’s ambitious Build Build Build program, economic managers said......»»

Category: financeSource:  philstarRelated NewsNov 23rd, 2018

Philippines, Japan line up more projects for funding

MORE INFRASTRUCTURE projects funded by Japan advanced further in the pipeline after top economic officials from the Philippines and Japan exchanged notes during their meeting late Wednesday, while also identifying new prospects......»»

Category: newsSource:  bworldonlineRelated NewsNov 22nd, 2018

PXP Energy raises P7.11-B funding for petroleum exploration

PXP Energy, the petroleum exploration unit of tycoon Manuel V. Pangilinan, will be raising P7.11 billion via private placement so it could beef up cash resources for its oil and gas exploration projects. PXP Energy raises P7.11-B funding for petroleum exploration Source link: PXP Energy raises P7.11-B funding for petroleum exploration.....»»

Category: newsSource:  manilainformerRelated NewsNov 13th, 2018

De Lima vows to push for the Senate probe into the two mega-infrastructure projects

November 9, 2018. Opposition Senator Leila M. de Lima has vowed to push for a Senate investigation into the two multi-million government infrastructure projects under the “Build, Build, Build” program. De Lima underscored the mandate of the Senate Committee on Social Justice, Welfare and Rural Development which she… Source link link: De Lima vows to push for the Senate probe into the two mega-infrastructure projects.....»»

Category: newsSource:  manilainformerRelated NewsNov 10th, 2018

Abad: Lacson’s claim on ‘Yolanda’ rehab funds not true

Former Budget Secretary Florencio Abad on Friday took exception to Sen. Panfilo Lacson's comments criticizing the Aquino administration's lack of funding support for projects to rehabilitate areas destroyed by Supertyphoon "Yolanda" (international name: Haiyan) in 2013.   Abad said it was not true, as Lacson claimed, that the Department of Budget and Management (DBM) under his leadership gave "very little budget support" for Yolanda survivors in Eastern Visayas.   "While it may be true that Yolanda rehabilitation and reconstruction wasn't as fast as we would have liked it to be, I wish to point out that the slowdown was not due to lack of funds," he said in a No...Keep on reading: Abad: Lacson’s claim on ‘Yolanda’ rehab funds not true.....»»

Category: newsSource:  inquirerRelated NewsNov 10th, 2018

NEDA body approves Marawi rehab work

THE NATIONAL Economic and Development Authority’s (NEDA) Investment Coordination Committee-Cabinet Committee (ICC-CabCom) has approved new road and drainage projects for the rehabilitation of Marawi City, as well as the next phase for the flood management project in Metro Manila and repair of roads in other conflict-affected areas in Mindanao......»»

Category: newsSource:  bworldonlineRelated NewsOct 30th, 2018

Sustainable livelihood for Boracay aetas launched

THE Department of Agriculture (DA) made sure that the reopening of Boracay Island on Oct. 26 will also benefit the Ati Tribal Organization in Brgy. Manoc-manoc, Malay. DA Undersecretary for High Value Crops and Rural Credit Evelyn Laviña and Undersecretary for Special Concerns Ranibai Dilangalen led the launching of Boracay rehabilitation projects including the urban […] The post Sustainable livelihood for Boracay aetas launched appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsOct 28th, 2018

ADB prioritizes speed of implementation, climate resilience in project funding

Speed and efficiency of implementation and climate resilience will be the top priorities in the delivery of projects under the new long-term strategy of the Asian Development Bank (ADB)......»»

Category: financeSource:  philstarRelated NewsOct 27th, 2018

Kaliwa Dam projects get funding boost

The long-awaited Kaliwa Dam project, most recently tagged at P19 billion, is seen getting a big boost with financing support from China to be firmed up next month, according to the Metropolitan Wat.....»»

Category: newsSource:  philippinetimesRelated NewsOct 10th, 2018

Asean needs massive injection of infrastructure funding-World Bank exec

VIENTIANE - Asean needs about US$3.4 trillion during 2013-2030 to finance infrastructure projects so that the region can narrow its development gap and achieve its objective of becoming a single ma.....»»

Category: newsSource:  philippinetimesRelated NewsOct 4th, 2018

Banks readying funds for big projects

The country's largest banks have set up large debt offering programs to diversify funding sources amid rising demand for long-term loans for big-ticket projects such as infrastructure. Metropo.....»»

Category: newsSource:  philippinetimesRelated NewsSep 21st, 2018