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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

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

Banks ready to back up funding for infrastructure projects

Local banks have expressed support for the government’s massive infrastructure program, saying they are ready to provide financing in case funding delays are encountered by the projects......»»

Category: financeSource:  philstarRelated NewsJun 13th, 2018

ADB raises funding for PH

The Asian Development Bank will lend the Philippines a higher $945 million this year mainly for infrastructure projects as part of the Manila-based multilateral lender's commitment to support the Duterte administration's ambitious "Build, Build, Build" infrastructure program. The state planning agency National Economic and Development Authority said that during a meeting between Philippine officials and executives of the ADB's Philippine country office last month, the latter said that their lending pipeline for 2018 consisted of two policy-based loans (worth $600 million), one result-based loan ($300 million) as well as two other projects ($45 million). In December last year, the A...Keep on reading: ADB raises funding for PH.....»»

Category: newsSource:  inquirerRelated NewsJun 12th, 2018

ADB approves $350 million additional SME trade financing

The Asian Development Bank has approved $350 million in additional funding to expand the scope of a program that bridges gaps in trade financing for small and medium-sized enterprises......»»

Category: financeSource:  philstarRelated NewsJun 12th, 2018

Dev’t council approves P8-B invest plan for 2019

BACOLOD City – The Provincial Development Council (PDC) of Negros Occidental approved Thursday a budget of more than PHP8 billion for its 2019 Annual Investment Plan (AIP). The AIP, which includes the list of the programs, projects, and activities proposed for implementation by the provincial government, was presented and passed during the PDC meeting presided […] The post Dev’t council approves P8-B invest plan for 2019 appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJun 7th, 2018

PH replicating SKorea growth path – Dominguez

The Philippines’ “economic emergence” is being propelled in part by South Korea, a Cabinet official said, via funding support for key projects under the Duterte administration’s “Build Build Build” program. Speaking before South Korean business leaders, Finance Secretary Carlos Dominguez 3rd expressed confidence that bilateral ties would continue to grow, citing a longstanding relationship. South [...] The post PH replicating SKorea growth path – Dominguez appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 6th, 2018

Agri workers can now tap revived P1.28-B fund

FARMERS and fishermen can now avail themselves of loans from the revived P1.28-billion Agricultural Competitiveness Enhancement Fund (ACEF) to boost production, the Department of Agriculture (DA) said. According to Agriculture Secretary Emmanuel F. Piñol, Land Bank of the Philippines will manage the state-run funding program—which grants loans to competitiveness-enhancing projects, and small and medium enterprises (SMEs)—under [...] The post Agri workers can now tap revived P1.28-B fund appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 28th, 2018

SEC drafts guidelines for ASEAN green bonds

THE SECURITIES and Exchange Commission (SEC) will be issuing guidelines for the issuance of ASEAN (Association of Southeast Asian Nations) Green Bonds in the country for the purpose of funding green and sustainable projects. In a draft memorandum posted on its website for public comment, the SEC said it is coming up with the guidelines […] The post SEC drafts guidelines for ASEAN green bonds appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2018

ERC approves P1-billion worth of capex applications

The Energy Regulatory Commission (ERC) has approved applications for capital expenditure projects amounting to around P1.15 billion as of April this year, the agency said on Thursday, May 10, citing its report to the President. “We (the ERC) have achieved meaningful milestones, and we owe it to Pres. Duterte with the continuing guidance and support […] The post ERC approves P1-billion worth of capex applications appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 10th, 2018

ADB To Focus on Mindanao; Infra to Help Boost PH Growth

The Asian Development Bank (ADB) vowed increased funding for various infrastructure projects thoughout the Philippines, touted as one of Asia’s fastest growing economies, but said it would pay special attention to Mindanao. The multilateral development bank has reaffirmed its commitment to eradicate poverty through achieving inclusive growth in Asia and the Pacific region, as the […].....»»

Category: newsSource:  metrocebuRelated NewsMay 8th, 2018

Infrastructure projects to gain from National ID System

The savings from a more efficient delivery of public services with the implementation of a national identification system would help boost funding for vital government projects and programs, according to Philippine Statistics Authority head Lisa Bersales......»»

Category: financeSource:  philstarRelated NewsMay 7th, 2018

ADB confident PHL can handle Chinese debt load

THE Asian Development Bank (ADB) views the Philippines as capable of managing the risks of taking on significant amounts of foreign debt, amid warnings from the International Monetary Fund (IMF) that China is funding unsustainable projects in developing countries. ADB Vice-President (Operations 2) Stephen P. Groff said at a briefing on the sidelines of the […] The post ADB confident PHL can handle Chinese debt load appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 6th, 2018

NEDA approves 8 new infrastructure projects

NEDA approves 8 new infrastructure projects.....»»

Category: newsSource:  cnnphilippinesRelated NewsApr 26th, 2018

Crowding in private sector to boost infrastructure dev’t

By Surya Bagchi IN the world of infrastructure, the funding deficit is a well-established fact. Asia needs US$26 trillion by 2030 for new buildouts, and Africa requires US$93 million a year to scale up projects. Much of the money has so far come from direct government financing or funding support from development banks. Infrastructure projects […] The post Crowding in private sector to boost infrastructure dev’t appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 25th, 2018

DBM sets project spending priorities

THE DEPARTMENT of Budget and Management (DBM) will only prioritize new “implementation-ready” infrastructure projects and social services programs for funding under the 2019 national budget, amid limited fiscal space. The National Budget Memorandum No. 130 dated April 13 outlined the budget priorities framework for the preparation of agency budget proposals under Tier 2 or new […] The post DBM sets project spending priorities appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 18th, 2018

DoE approves 2 Kalinga mini-hydro projects

TABUK CITY, Kalinga: The Department of Energy (DoE) has approved the Renewable Energy Service Contracts (RESCs) of two proposed mini-hydro electric projects for the province both located in this city. These are the 15-megawatt Upper Tabuk Hydro Power Project (UTHPP) in Sitio Sabangan of Barangay Dupag and the 400-kilowatt Bulo Hydro Power Project (BHPP) in Barangay Bulo. The… link: DoE approves 2 Kalinga mini-hydro projects.....»»

Category: newsSource:  manilainformerRelated NewsApr 10th, 2018

NEDA body approves San Miguel airport offer

Eight other projects also move forward for presentation to Duterte Nine projects worth a total of about P900 billion, including San Miguel Corporation’s proposal to build an airport in Bulacan, will soon be presented to President Rodrigo Duterte for final approval, the National Economic and Development Authority (NEDA) announced on Tuesday. “Nine more projects have been [...] The post NEDA body approves San Miguel airport offer appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 4th, 2018

China eyes PH airport funding

China is interested to finance an airport project in the Philippines, while San Miguel Corp.'s proposal to build an "aerotropolis" in Bulacan will soon be up for President Duterte's approval, the National Economic and Development Authority said Tuesday. Neda Undersecretary Rolando G. Tungpalan told reporters that among the "second basket" of infrastructure projects to be pitched for Chinese financing included an airport, in which China itself earlier expressed interest, but he did not disclose details. Tungpalan added that the Chinese side might also be tapped to finance the construction of 10 more bridges crossing the Pasig River in Metro Manila, which was approved for official de...Keep on reading: China eyes PH airport funding.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2018

NEDA body approves San Miguel s Bulacan airport, 8 other projects

MANILA, Philippines – San Miguel Corporation's P700-billion proposal to build, operate, and maintain an airport in Bulacan – along with 8 other infrastructure projects – has been approved by a National Economic and Development Authority (NEDA) body. Approved by the NEDA–Investments Coordination Committee (ICC), among others, are the Bulacan airport, ........»»

Category: newsSource:  rapplerRelated NewsApr 3rd, 2018