Advertisements


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

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

Lagman denies getting ‘pork’ in 2019 budget

Albay 1st District Rep. Edcel Lagman on Tuesday belied claims that he was among those congressmen who benefited from the "P55-billion insertions" in the proposed 2019 budget.   "I never lobbied for any project," he told reporters in an interview when asked about claims that P1.29 billion was allocated to his district.   "I have no participation whatsoever in the allocation of funds or the funding of projects as contained in the President's National Expenditure Program (NEP)," he added in a statement.   Lagman even found it ironic that he, an opposition lawmaker, would receive such an amount after he got zero infrastructure budget in 2018 under former ...Keep on reading: Lagman denies getting ‘pork’ in 2019 budget.....»»

Category: newsSource:  inquirerRelated NewsSep 18th, 2018

Maduro says China to finance failing oil industry

CARACAS, Venezuela -- Venezuelan President Nicolas Maduro said Saturday he had new commitments from Beijing on funding for the oil industry on which crisis-hit Caracas relies. Oil output is the main generator of Venezuela's income but has fallen to its lowest level in three decades, with the South American country's state-led economy in free-fall. Analysts blame years of neglect during which state oil firm PDVSA's infrastructure became rundown and exploration was curbed, while oil revenues were used to plug the fiscal deficit. Now, however, "there are financing commitments to increase oil production, gold production as well as investment in more than 500 development projects...Keep on reading: Maduro says China to finance failing oil industry.....»»

Category: newsSource:  inquirerRelated NewsSep 16th, 2018

China’s Xi offers $60 Africa aid

BEIJING, China — President Xi Jinping told African leaders Monday that China’s investments on the continent have “no political strings attached”, pledging $60 billion in new development financing, even as Beijing is increasingly criticized over its debt-heavy projects abroad. Xi offered the funding at the start of a two-day China-Africa summit that focused on his […].....»»

Category: newsSource:  tribuneRelated NewsSep 4th, 2018

Lacson questions DPWH’s unresolved right-of-way issues on road projects

Senator Panfilo M. Lacson on Monday, Sept. 3, questioned anew the unresolved right of way issues of the Department of Public Works and Highways’ (DPWH) ongoing road projects. At the budget hearing of the DPWH, Mr. Lacson maintained that right of way issues should be settled first before funding an infrastructure project, citing Republic Act […] The post Lacson questions DPWH’s unresolved right-of-way issues on road projects appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 3rd, 2018

Lacson wants P16B ‘pork’ sliced off DPWH budget

  Senator Panfilo Lacson might again move for the deletion of more than P16 billion right-of-way (ROW) funding under the Department of Public Works and Highways (DPWH) proposed budget next year.   The fund, he said, could be used as another source of funding for projects of legislators. Such funds are also called pork barrel, which the Supreme Court has ruled as illegal.   "Sa 2019, ang nakalagay dun parang P16 bilyon. Isang P10 billion at saka isang P6 bilyon," Lacson told reporters on Monday.   (In 2019, there is P16 billion there. One is P10 billion and another P6 billion)   The fund, he said, was lumped at the DPWH's central off...Keep on reading: Lacson wants P16B ‘pork’ sliced off DPWH budget.....»»

Category: newsSource:  inquirerRelated NewsSep 3rd, 2018

US ends funding of UN agency for Palestinian refugees

WASHINGTON --- The United States is ending its decades of funding for the U.N. agency that helps Palestinian refugees, the State Department announced Friday, a week after slashing bilateral U.S. aid for projects in the West Bank and Gaza. The U.S. supplies nearly 30 percent of the total budget of the U.N. Relief and Works Agency, or UNRWA, and had been demanding reforms in the way it is run. The department said in a written statement that the United States "will no longer commit further funding to this irredeemably flawed operation." The decision cuts nearly $300 million of planned support. UNRWA released a statement late Friday rejecting "in the strongest possible terms" the T...Keep on reading: US ends funding of UN agency for Palestinian refugees.....»»

Category: newsSource:  inquirerRelated NewsSep 1st, 2018

AIIB eyes funding 2 big-ticket PH projects

The China-led Asian Infrastructure Investment Bank (AIIB) is looking into extending loans for two major road projects in the Philippines, according to the Department of Finance. The AIIB was also c.....»»

Category: newsSource:  philippinetimesRelated NewsAug 31st, 2018

Commentary: Children as victims and fighters

For months now, I have been part of a team preoccupied with a project aiming to give cultural and creative workshops in a disaster-prone, mining community. Enabled by the support and funding of TUKLAS Innovation Labs along with international bodies, the project is being implemented in Loacan, Itogon. As far as I know, of the ten projects in Northern Luzon, this project by Dap-ayan ti Kultura Iti Kordilyera (DKK) is one of the two innovations which have a greater focus on children and the youth. The other project, being implemented by Plot and Play, aims to use board games as educational tools for Disaster Response and Risk Management (DRRM)......»»

Category: newsSource:  nordisRelated NewsAug 26th, 2018

PH urged to tap $1-B India credit line

The Duterte administration should consider tapping Indian funding for its “Build Build Build” program, New Delhi’s envoy to the Philippines said on Wednesday. “The Government of India has, in fact, a $1 billion line of credit for Asean (Association of Southeast Asian Nations) countries for any infrastructure projects that they may wish to do especially [...] The post PH urged to tap $1-B India credit line appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 22nd, 2018

ADB approves $300-M PPP loan

THE ASIAN Development Bank (ADB) has approved a $300-million loan for the Philippines, seeking to promote the development of public-private partnership (PPP) projects. The post ADB approves $300-M PPP loan appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 21st, 2018

Economic team to review China funding for projects

The country's economic managers and infrastructure team will be in Beijing on Aug. 22-24 to firm up with their Chinese counterparts the 'Build, Build, Build' projects and financing s.....»»

Category: newsSource:  philippinetimesRelated NewsAug 20th, 2018

SEC approves guidelines on ASEAN Green Bonds

THE Securities and Exchange Commission (SEC) has approved the guidelines for the issuance of ASEAN (Association of Southeast Asian Nations) Green Bonds in the country, which will be used to specifically fund green and sustainable projects. The post SEC approves guidelines on ASEAN Green Bonds appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 16th, 2018

ERC sets public hearings for Napocor funding petition

The Energy Regulatory Commission (ERC) has set public hearings starting next month for the petition of state-led National Power Corp. (Napocor) to avail of its quarter-centavo share of the universal charge collected from electricity users to fund its mandated environmental projects amounting to about P431.19 million. In its petition with the ERC, the government-owned and […] The post ERC sets public hearings for Napocor funding petition appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 16th, 2018

Lacson: Hundreds of billions in ‘pork’ hidden in 2019 budget

Senator Panfilo Lacson on Thursday said there were "hundreds of billions of pesos" in the proposed 2019 budget that could be considered as "pork" or funds that could go to the pet projects of certain government officials.   Pork or discretionary funds have been the source of massive corruption in the past.   "If you think pork has left, no it hasn't left," Lacson said during the Meet the Inquirer forum Thursday.   "It runs to hundreds of billions of pesos," he said, citing his review of the proposed funding for 2019. The senator said hundred billions of pesos were also hidden in the national budgets of previous years.   Lacson lambasted ...Keep on reading: Lacson: Hundreds of billions in ‘pork’ hidden in 2019 budget.....»»

Category: newsSource:  inquirerRelated NewsAug 16th, 2018

NEDA approves restructuring of P13.5-billion projects

The Investment Coordination Committee - Cabinet Committee of the National Economic and Development Authority has approved P13.5 billion worth of improvements to three regional projects......»»

Category: financeSource:  philstarRelated NewsAug 6th, 2018