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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

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

World Bank approves $170-M for Philippine rural development

MANILA, Philippines — The World Bank on Friday announced it has approved $170 million worth of additional financing for the Philippine Rural Development Proj.....»»

Category: financeSource:  philstarRelated NewsJan 12th, 2018

China funding ‘Pacific white elephants’: Australia minister

SYDNEY — China is funding “white elephant” infrastructure projects in the Pacific at unfavourable terms, a senior Australia minister said Wednesday in comments that could fuel further tensions between Canberra and Beijing. Friction between the two countries grew last month after Australia singled out China as a focus of concern….....»»

Category: newsSource:  journalRelated NewsJan 10th, 2018

Cash-rich banks don’t view ODA as competition for funding projects

BY  MELISSA LUZ T. LOPEZ THE DUTERTE GOVERNMENT’S P8-trillion infrastructure spending plan was what local lenders were waiting for. When it was announced in April, it created a stir in the industry for obvious reasons. By helping lend money to big-ticket projects, local banks would be able to deploy cash and earn more from loans, […] The post Cash-rich banks don’t view ODA as competition for funding projects appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 7th, 2018

Alvarez defends ‘right’ to strip opposition solons of projects

It was not "dictatorship," but an exercise of his right.   This was how Speaker Pantaleon Alvarezdefended anew on Wednesday the removal of infrastructure funding for opposition members from the 2018 national budget, saying this was also done by previous administrations.   READ: Alvarez tells solons who got no funding: That's life   But unlike in the past, he said he did not use the budget to hold his fellow lawmakers "hostage."   "Kung hindi ka sasama sa akin, hindi ko ire-release ang budget. Ayoko ng ganyan," he said over ABS-CBN News Channel's morning show, "Headstart."   "Kasi gusto ko, demokrasya tayo so transparent ako. Okay...Keep on reading: Alvarez defends ‘right’ to strip opposition solons of projects.....»»

Category: newsSource:  inquirerRelated NewsJan 3rd, 2018

ERC seeks Palace guidance on suspensions amid potential ‘paralysis’

THE suspension of the four commissioners of the Energy Regulatory Commission (ERC) will put on hold funding for P1.588 trillion worth of energy-related projects and capital outlays, ultimately affecting millions of Filipinos, the agency’s top official said on Friday. “The paralysis starts today,” ERC Chairman Agnes T. Devanadera said in a news conference a day […] The post ERC seeks Palace guidance on suspensions amid potential ‘paralysis’ appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 22nd, 2017

Denial of funds for critical solons meant to stifle dissent, silence opposition

MANILA, Philippines — Opposition lawmakers slammed Wednesday the move of the House of Representatives' leadership to remove funding for projects intended for.....»»

Category: newsSource:  philstarRelated NewsDec 20th, 2017

24 opposition lawmakers get zero infrastructure funding in 2018 budget

MANILA, Philippines – The era of zero pet project for opposition lawmakers has returned. Some 24 members of the House of Representatives, the majority of them from the opposition bloc, will not get any infrastructure projects for their districts or beneficiaries in the newly-signed budget for 2018. President Rodrigo Duterte signed the P3.767 trillion budget […].....»»

Category: newsSource:  interaksyonRelated NewsDec 19th, 2017

U.S. Congress approves funding stopgap averting gov t shutdown

WASHINGTON DC, USA – The US Congress, facing an end-of-week deadline, passed a funding stopgap measure Thursday, December 7, that averts a government shutdown and provides lawmakers and President Donald Trump with breathing room to strike a 2018 budget deal. The Senate easily passed the bipartisan measure that funds government ........»»

Category: newsSource:  rapplerRelated NewsDec 8th, 2017

City mayor presents P2-B in infra projects to DPWH chief

ILOILO CITY Mayor Jose Espinosa III presented on Dec 7, 2017 to Department of Public Works and Highways (DPWH) Secretary Mark Villar the pressing infrastructures needs of the metro in the hope of getting funding support. Espinosa went to the DPWH central office in Manila, together with DPWH-6 Assistant Regional Director Al Fruto, Iloilo City […] The post City mayor presents P2-B in infra projects to DPWH chief appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 7th, 2017

Proposed cuts to DPWH funding to be largely restored

THE bicameral conference committee tackling the P3.767 trillion 2018 Budget is expected to restore most of the proposed cuts to the funding of the Department of Public Works and Highways (DPWH), which was initially at risk of giving up allocations for projects with right-of-way problems. Rep. Karlo Alexei B. Nograles, chairman of the House committee […] The post Proposed cuts to DPWH funding to be largely restored appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 6th, 2017

Senate approves P3.7-T national budget

MANILA, Philippines — The Senate approved last night the proposed P3.7-trillion national budget for 2018 that saw last-minute amendments for new funding requ.....»»

Category: newsSource:  philstarRelated NewsNov 29th, 2017

BOI approves tourism projects worth P1.1B

The Board of Investments (BOI) has approved three tourism projects with a combined worth of P1.13 billion, the agency said on Tueday. In a statement, BOI said UC-1 Corp. got the nod to operate the P267-million, 9-hectare Seven Seas Waterpark Resort in Misamis Oriental province. It started commercial operations last month. The resort can accommodate [...] The post BOI approves tourism projects worth P1.1B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 29th, 2017

BoI approves three tourism projects worth P1.1b

BoI approves three tourism projects worth P1.1b.....»»

Category: financeSource:  thestandardRelated NewsNov 28th, 2017

SolarHome Reaches 1,000 Homes in Myanmar

SolarHome, the pioneer in Pay-As-You-Go (“PAYG”) Solar for off-grid households in Southeast Asia, has reached the milestone of 1,000 systems installed in rural Myanmar. Having recently closed a pre-Series A round of equity funding led... The post SolarHome Reaches 1,000 Homes in Myanmar appeared first on MetroCebu News......»»

Category: newsSource:  metrocebuRelated NewsNov 28th, 2017

DILG approves P49M water system projects in SouthCot

GENERAL SANTOS CITY (MindaNews / 21 Nov) – The Department of the Interior and Local Government (DILG) has approved the implementation of 17 water system projects worth P49.1 million under the flagship PAyapa at MAsaganang PamayaNAn or PAMANA program. South Cotabato Gov. Daisy Avance-Fuentes said Tuesday they are set to start the bidding process for […].....»»

Category: newsSource:  mindanewsRelated NewsNov 21st, 2017

BOI approves P26.7 B power projects

MANILA, Philippines — The Board of Investments (BOI) recently approved the application of nine renewable energy projects valued at P26.7 billion......»»

Category: financeSource:  philstarRelated NewsNov 18th, 2017

Poe pushes for funding mass transport projects in tax reform measure

November 10, 2017. Sen. Grace Poe is proposing that revenues from petroleum excise taxes contained in the first tranche of the administration’s tax reform package could be used to supplement public mass transportation projects that provide an efficient way to serve an expanding population, address congestion and… Source link link: Poe pushes for funding mass transport projects in tax reform measure.....»»

Category: newsSource:  manilainformerRelated NewsNov 10th, 2017

SKorea offers funding for priority PH projects

A $1.7-billion credit facility plus non-lending programs worth another $7 million have been offered by South Korea for priority projects in the Philippines, the Finance department said. In a statement on Wednesday, the department said the assistance would be made available through the Export-Import Bank of Korea (Kexim), which manages South Korea’s Economic Development Cooperation [...] The post SKorea offers funding for priority PH projects appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 8th, 2017

BoI approves 2 hotel projects

BoI approves 2 hotel projects.....»»

Category: financeSource:  thestandardRelated NewsNov 8th, 2017