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“Build, Build, Build” puts in P2.2 B ports infra development fund-PPA

For the Philippine Ports Authority’s (PPA) programmed ports development alone, the government puts in over P2.2 billion to complete an inter-modal transport system under its Build, Build program. This is according to PPA Bohol Ports Manager Engr. James Gantalao, during a Department of Transportation (dotr) hosted Media familiarization Tour to the Port of Tubigon, a […].....»»

Category: newsSource: boholnewsdaily boholnewsdailyJul 30th, 2019

Economic team slashes 2020 infra budget

The economic team has slashed the amount set aside to build infrastructure this year even as total expenditures on public goods and services were jacked up to better respond to the COVID-19 crisis. The latest projections of the Cabinet-level Development Budget Coordination Committee (DBCC) presented by Finance Secretary Carlos Dominguez III to the Senate on […] The post Economic team slashes 2020 infra budget appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 20th, 2020

Augmenting local budget for infra

A country’s economic development may be directed by the manner of spending and budget allocation by the government. This administration’s Build, Build, Build program has provided the needed stimulus for economic growth. To finance this promising endeavor, tax reforms have been implemented......»»

Category: newsSource:  thestandardRelated NewsMay 7th, 2020

Local Roundup: Infra fund eyed for anti-virus plan

The Department of Public Works and Highways says the P30 billion set aside for several projects under the Build, Build, Build program is untouched and ready for use to boost the government’s efforts to contain the coronavirus disease......»»

Category: newsSource:  thestandardRelated NewsApr 18th, 2020

Go: Infra projects meant for use

Senator Christopher Lawrence “Bong” Go reminded the Bases Conversion and Development Authority (BCDA) on Monday to abide by President Rodrigo Duterte’s call to ensure that infrastructure projects under the “Build Build Build” program will be ready for use to benefit the general public. In his manifestation during the continuation of the Senate plenary deliberations on […] The post Go: Infra projects meant for use appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsNov 18th, 2019

Developing Asia needs over 5% of GDP investments into infra — ADB

Countries in Developing Asia need to invest more than five percent of their gross domestic product over the next decade to build infrastructure for their rapidly growing economies, according to a new book co-published by the Asian Development Bank......»»

Category: financeSource:  philstarRelated NewsOct 30th, 2019

Probe into P9.5-B loan for 2019 SEA Games facilities urged

Sen. Risa Hontiveros on Tuesday sought an inquiry into the alleged anomalous P9.5 billion loan facilitated by the Bases Conversion and Development Authority to build the facilities used for the 2019 Southeast Asian Games......»»

Category: newsSource:  philstarRelated NewsNov 10th, 2020

Excelerate to build P11 billion LNG terminal

US-based Excelerate Energy and its local partner Topline Energy and Power Development Corp. plan to spend around P11.1 billion or $230 million for the construction of an open-access liquefied natural gas import terminal in Batangas......»»

Category: financeSource:  philstarRelated NewsOct 31st, 2020

AC Energy to build solar project in India

Ayala Corp.’s energy unit, AC Energy Inc., said Monday it will expand its renewable energy footprint in India with the development of the 70-MW Paryapt solar project, its second solar investment in the country......»»

Category: financeSource:  thestandardRelated NewsOct 20th, 2020

COA questions ‘validity and propriety’ of Land Titling Computerization Project

The Commission on Audit has questioned the “validity and propriety” of the Land Titling Computerization Project (LTCP) of the Land Registration Authority (LRA)that lacked approval of the President and allegedly deprived the government an estimated P3.12 billion in possible income. COA has questioned the  Build-Own-Operate Agreement  (BOO) for the implementation of the LTCP that has so far earned for the private partner of the LRA some P21 billion in just 10 years. The audit agency’s observations are contained in the recently-released  2019 LRA annual audit report submitted to LRA Administrator Renato Bermejo by COA Director Michael Bacani. The LTCP introduced the automation of the functions and processes and standardization of the registration procedure for land registration in the country. COA said the BOO between the LRA and the Land Registration Systems Inc. (LARES) lacked the mandatory approval of the President as required under Republic Act 77198. “Other necessary documentary requirements were likewise not submitted to the Office of the Auditor, thus, validity and propriety of both the BOO and the corresponding IT service fees collected and released by LRA to Lares, Inc. amounting to more or less P20 billioin out of the P21 billion, as doubtful,” COA stated. The BOO was originally entered into by LRA with the Stradec FF Cruz and CONFAC (SUFC) Consortium, now LARES), in 2000 for the implementation of the agency’s Information Technology Network and Database Infrastructure Project. In a special audit on the contract that was conducted by COA from 2004 to 2005, the audit agency concluded that the LTCP “was not efficiently and effectively implemented and the interest of the government and the public was not adequately protected” due to the delay in its implementation. In the 2015 annual audit report, COA observed that various documents covering the BOO were not certified true copies, including the presidential approval of the agreement through then Executive Secretary Ronaldo Zamora. In 2019, COA sought confirmation of the presidential imprimatur of the agreement but Malacanang was not “able to provide positive confirmation on the authenticity of the presidential approval dated July 31, 2000” that was ostensibly signed by Zamora. Originally costing just P3.483 billion, the project was able to earn P21 billion, P20 billion of which was released to LARES. The LRA management took exception to COA’s doubts on the validity and propriety of the BOO agreement is”without factual and legal basis”. Officials of the agency also pointed out that all BOO Contracts are presented to the president through the National Economic Development Authority. “Since the President chairs the NEDA Board, NEDA Board approval already carries with it the president’s approval,” the LRA argued. In the same audit report, COA disclosed that the LRA has failed to incorporate amendments to the agreement with LARES for the provisions of reasonable rate of return (ROI) to ensure that “no unwarranted benefit is given to the LARES” at the expense of the public.” “Likewise the absence of a revenue sharing arrangement deprived Government of more or less P3.12 billion of possible income,” the state audit agency noted. Audit examiners stressed that LRA has continuously failed to assess the “extent of recoupment of the investment” relative to the total IT services fee imposed and collected.  They said this is”detrimental to the paying public which the government ought to protect.” COA also assailed LRA for allowing the use of 12 “outdated” network switches, “causing security vulnerability and possible performance defect due to bugs.” Further, only two out of 10 software licenses were used for the project. Among the outdated software installed was the Kaspersky Security version 10.0.0.485......»»

Category: lifestyleSource:  abscbnRelated NewsOct 18th, 2020

IT-BPO Executives Promote Outsourcing Software Apps Development to PH

IT-Business Process Outsourcing (IT-BPO) executives promoted outsourcing of software and apps development during the webinar on “Creating technologies that deliver value: Leveraging on Philippines’ talents to build apps and software solutions” on 24 September 2020. This webinar is the 7th installment of the eight-part “Global Business Processes Powered by the Philippines Webinar Series” organized by […].....»»

Category: newsSource:  inquirerRelated NewsOct 3rd, 2020

Build a safe, open and orderly digital world

On the morning of September 8, 2020, Chinese State Councilor and Foreign Minister Wang Yi delivered a keynote speech titled Upholding Multilateralism, Fairness and Justice and Promoting Mutually Beneficial Cooperation at a high-level meeting of an international seminar themed with “Seizing Digital Opportunities for Cooperation and Development” and proposed a Global Initiative on Data Security......»»

Category: newsSource:  philstarRelated NewsSep 24th, 2020

DITO Telecom spending P27b to build towers

DITO Telecommunity Corp., a joint venture of businessman Dennis Uy and China Telecoms, said Thursday it will spend more than P27 billion next year to roll out telecom towers nationwide and fund other operating expenses. .....»»

Category: financeSource:  thestandardRelated NewsSep 17th, 2020

ARTHALAND leads donation drives for frontliners in Cebu

ARTHALAND Corporation, the internationally recognized real estate developer of the country’s largest eco-friendly single-tower office development, has recently held the country’s first virtual structural topping off ceremony of Cebu Exchange, on track as scheduled, despite the pandemic.  As part of ARTHALAND’s promise to build sustainable legacies through collaboration, the company has also spearheaded donation drives […] The post ARTHALAND leads donation drives for frontliners in Cebu appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsSep 9th, 2020

DOF seeks swift passage of 2021 budget, economic measures

The Department of Finance (DOF) has sought the swift enactment by Congress of the proposed national budget for next year along with the economic priority measures to rebuild the economy and decisively defeat coronavirus. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) During a briefing for the Senate finance committee, Finance Secretary Carlos G. Dominguez III said the timely enactment of the P4.506 trillion 2021 national budget is a key component of the government’s comprehensive program under its economic bounce-back plan. On top of the budget, Dominguez also said that a “timely and decisive” passage of several economic priority measures are needed to accelerate economic recovery. The priority measures, now pending in Congress, include the Financial Institutions’ Strategic Transfer (FIST) Act, and the Government Financial Institutions’  Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) bill. FIST allows banks to dispose of bad loans and non-performing assets through asset management companies, while GUIDE seeks to allow state-run banks to form a special holding company that will infuse equity, with strict conditions, into strategically important companies facing insolvency.  Likewise, the finance chief urged the Senate to pass the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which will  immediately lower the corporate income tax (CIT) rate from 30 percent to 25 percent. “The swift enactment of CREATE, FIST, GUIDE and the 2021 budget will serve to accelerate our economic recovery. We should not delay providing urgent and necessary relief to our people,” Dominguez said during the Development Budget Coordination Committee (DBCC) briefing. The DBCC is composed of the heads of the Department of Budget and Management (DBM), DOF, National Economic and Development Authority (NEDA), Bangko Sentral ng Pilipinas (BSP); and a senior representative from the Office of the President (OP). “We are committed to working closely with you on the recovery measures so that these can be enacted in a timely, decisive, and responsible manner,” Dominguez told members of the panel chaired by Senator Juan Edgardo Angara. He said the Duterte administration will continue to work with the legislature in passing the remaining packages of the comprehensive tax reform program (CTRP) that will, among others, institute reforms in property valuation and in the taxation of the financial sector. Dominguez said economic recovery also rests on sustaining President Duterte’s signature program “Build, Build, Build,” as sound infrastructure investments provide the largest multiplier effect on the economy in the form of more jobs creation,  increased consumption, and the generation of additional productive activities......»»

Category: newsSource:  mb.com.phRelated NewsSep 9th, 2020

Built by Bo, bonded for Bo, believe in Bo

This is not the first time that Bo Perasol has had a recruiting haul this huge. Now heading into his fifth season in the University of the Philippines, he has brought in blue-chip recruits such as Gerry Abadiano and Carl Tamayo and talented transferees like Joel Cagulangan, CJ Cansino, and Malick Diouf to a team that already has Bright Akhuetie, Kobe Paras, and Ricci Rivero. And don't forget that Gomez de Liano brothers Javi and Juan are only sitting out the next season - and what lies beyond for them is yet to be determined. This is not that different from his time in Ateneo de Manila University when he scored UAAP Jrs. Season MVP Jerie Pingoy, UAAP Jrs. Finals MVP Hubert Cani, NCAA Mythical selection CJ Perez, and NCAA Jrs. standout Arvin Tolentino in his first few years. Those promising prospects then joined forces with Blue Eagle stalwarts Kiefer Ravena and Von Pessumal Unfortunately, all of Pingoy, Cani, Perez, and Tolentino - along with the rest of the so-called "Magnificent 7" - found themselves with academic deficiencies and, therefore, ineligible by the blue and white's standards. Not long after, they transferred to different schools and squads and then had varying degrees of success. Will Coach Bo's tale get a different ending this time with the Fighting Maroons? Perasol is making sure of that. "From my experience in Ateneo, natuto ako. Ngayon, meron kaming grupo sa programa na nagha-handle lang ng academics ng players," he shared. He then continued, "Sinasamahan sila sa mga klase, pinapakilala sa mga propesor, ine-explain na player natin yan, pag merong problema, coordinate lang po tayo." Apparently, this academic assistance team is made up of former student-managers who have graduated. Now, their first job is all about seeing to it that State U would not have to go through the same sort of headache Ateneo had with its "Magnificent 7." With that, you could be sure that UP's pillars of honor and excellence still stand strong even as all these new faces join Men's Basketball Team. "Walang special consideration. Pumapasok sila, bumabagsak sila. Binibigyan sila ng extra work, humihingi sila ng extra work," Coach Bo said. He then continued, "Ang ine-explain ko lagi sa players at sa professors, ang mahalaga, basta masipag pumasok at nagpapakita ng intensyong matuto." STARRING AND STRIKING At present, just about everybody is still getting used to blue-chip recruits and talented transferees going for UP. That is why there are more questions than answers each and every time they announce a new player. And along with the question of whether or not all these new faces would be up to par in terms of the honor and excellence the Philippines' prime public university prides itself in, there is a question of just how the Fighting Maroons got here in the first place. How could State U, not that far removed from its self-proclaimed "dark days," get all of these players? And not just players, at that, but many big name players. The categorical answer? The program could now afford it. "Meron nang pondo salamat sa sponsors," head coach Bo Perasol explained. "For example, kung makikita mo lang yung patches sa harap ng jersey, malaking pera yun. Nag-aagawan ang marami para dun." At present, the shot-caller said that UP has eight corporate sponsors all getting together for the funds for the program. And unlike Ateneo which has Manny V. Pangilinan or National University which has Hans Sy as primary backers, the Fighting Maroons' system is quite different. "Ang source ng funds ng UP, halos lahat galing sa alumni. Tapos lahat yun, mina-manage ng nowheretogobutUP," coach Bo said. According to its website, nowheretogobutUP (NTGBUP) is "a volunteer group of UP alumni that aims to help, assist, and support the development, improvement, and advancement of the varsity program of UP." All of the finances it manages, however, are not necessarily donations. As Perasol put it, "Yung model ng UP is unique kasi yung support nila, kailangan may balik din from us." For example, the tactician said that many of their players have made appearances, online in this continuing COVID-19 crisis and in person prior to the pandemic, to cheer up employees of Palawan Pera Padala, one of the team's sponsors. More importantly, Coach Bo reminded yet again that the only reason they have all these new faces is because they have to. He pointed out how Abadiano and Filipino-American Sam Dowd would make up for the losses of Jun Manzo and Juan GDL as well as how Diouf and Cansino are already waiting in the wings once Bright Akhuetie and Ricci Rivero graduate. "We're also recruiting for the impending need," Perasol said. "Hindi naman ito biglaan. Since nagsimula kami rito, we all did this nang dahan-dahan lang. Kaya rin yung support from alumni for funding, hindi na rin naging mahirap." DREAMING Still, the mere fact that UP is now a big-time player on and off the court in collegiate basketball seemed so farfetched just five years ago. Before Bo Perasol, the Fighting Maroons were stuck in a vicious cycle. Now, though, they have back-to-back playoff appearances and have traded blows with traditional powerhouses for recruits and transferees. All of this made possible because the very moment he came in, Coach Bo already knew the secret to success. "You cannot build a program without funds," he said. Perasol furthered that his biggest takeaway from his time in Ateneo was that competing with the traditional powerhouses on the court entailed competing with them as well off of it. "Alam ko yung kakayanan ng Ateneo and siyempre, kakumpetensya ko rin nun yung La Salle so alam ko rin yung kanila. Ganun na rin ang kakayanan ng NU and yung iba pa, kakayanin din nila kung gustuhin nila," he said. He then continued, "Kaya kung ang objective ng programa is to be in the top four, your program should be levelled din sa capacity ng top four." The General Santos native then went on to point out how training in the country or abroad, recruitment local and overseas, housing, and food and nutrition all have costs. "To sum it up, everything you're going to do would entail financing. Hindi ito kakayanin ng UP as a public school dahil wala namang pondo ang gobyerno para dyan," he said. He then continued, "Ang pinakasagot nalang ng school is yung scholarship. And siyempre, yung nag-aaral ka sa UP." That doesn't mean, however, that their hands were tied. In fact, the answer to the questions had always been there. "The good thing about UP is there's millions of alumni all over the world and a lot are successful people and businessmen who are willing to help," Perasol said. BELIEVING Indeed, having educated Filipinos for over 112 years now, UP has, without a doubt, more than a few successful alumni. It was all a matter of uniting - and then unleashing - them. Even before Bo Perasol came home to Diliman, NTGBUP was already organized. They were not necessarily thrilled with the Fighting Maroons, though. "Nung una, dahan-dahan lang, ambag-ambag lang para merong kakainin, pambayad sa dorm. Merong nag-donate ng shoes," Coach Bo said. He then continued, "Pero siyempre, they want first and foremost a program with improvements and direction." NTGBUP and the UP community got just that from Perasol as a 3-11, seventh-place finish in 2015 became a 5-9, sixth-place finish in 2016 in Coach Bo's first year. In his second year, the squad improved to a  6-8, fifth-place finish. From there, the Fighting Maroons have been in the Final Four for back-to-back years now - and even made the Finals in 2018. "Nagsimula maging excited ang alumni nung nagsimula ring manalo," he shared. "When we started winning, nagkaroon hindi lang ng physical support, but financial support as well. We were ascending eh." In his third year at the helm, State U, finally, officially had corporate sponsors. And you know how that year went? That was when they ended a 21-year Final Four drought and then a 32-year Finals absence. Safe to say, the sleeping giant was awoken. "Yes, sleeping giant talaga tayo and when we say nagising, ang pinaka-catalyst was the winning," its fearless leader said. Now, UP MBT has a mean machine of financial support on its back, paving the path for its big-time recruiting haul in 2020. Even better, they now have a loud and proud fanbase that is making up for all the lost time they stayed away during the "dark days." "Actually, sa pitches ko sa recruitment, kasama sa presentation ko yung machi-cheer sila nang ganung klaseng crowd," Coach Bo said. SURVIVING At the same time, though, that loud and proud fanbase expects much, much more from this brand new power. For each and every one of them, Bo Perasol has but one reminder. "What we have done in the past years is to level up lang. We have a new gym, we have all these players, we can train abroad," he said. He then continued, "Pero yung mga Ateneo, La Salle, 20 to 30 years na nilang ginagawa yan. What we did was just to level up alongside them." Again and again, Coach Bo has said that what he has been doing is, put simply, putting UP in the best position to win. Still, with a roster as overflowing with talent as this, he could only acknowledge that just about everybody sees them as having gone championship or bust. Credit to him, however, Perasol was blunt with his assessment that he would also be disappointed if they would not be able to taste their first championship since 1986 sooner than later. "Yes, it will be a failed plan kung hindi tayo makakakuha ng championship in the next three to five years," he said. He then continued, "Yan naman talaga ang plano and ang ginagawa natin ngayon is all going towards that objective." And again and again, he is putting all those great expectations on his shoulders - and on his shoulders alone. "Ako naman, hindi ko rin pwedeng hindi gawin itong ganitong recruitment kasi hindi rin naman ako magkakaroon ng chance kung ganun. I have to be in the best position to succeed so that we are in the best position to succeed," he said. Only time would tell if all the seeds he has sown would bear fruit. But Coach Bo is already guaranteeing that whatever happens then, he would have no regrets. "In the end, alam ko namang babalik ang lahat sa akin. Alam na alam ko namang ako ang leader ng team," he said. He then continued, "Ang mahalaga is we gave ourselves a chance. Anuman ang outcome, basta nabigyan natin ang sarili natin ng pagkakataon." After years and years and years as the laughingstock of men's basketball, it looks like it's now UP's turn to smile and wave. Whether or not that ultimately turns into jumps for joy for their first title in three decades remains to be seen. But maybe, just maybe, Coach Bo is right - this is all worth it just to have a chance to compete. Just remember that in the "dark days," that chance to compete wasn't there at all. --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsAug 30th, 2020

CTBEX gets DPWH push

Metro Pacific Tollways Corp. unsolicited proposal to build the P22.43-billion Cavite-Tagaytay-Batangas Expressway is expected to move forward this year as the Department of Public Works and Highways is working closely with the National Economic and Development Authority to have the project approved within the year......»»

Category: financeSource:  philstarRelated NewsAug 24th, 2020

No days off for Jalen, Kai, and the rest of the G League tea

The G League Select Team is filled with top prospects all trying to make the jump to the NBA. Top 2020 recruit Jalen Green leads the list along with other five-star prospects like Isaiah Todd and Daishen Nix. Of course, 7'2" Filipino teen phenom Kai Sotto is also on the team, and he will try to make history by becoming the first homegrown talent to play in the NBA. As these youngsters all below the age of 20 prepare for the pro life, one thing is for certain: no days off for all of them from now on. "Before the season starts, I expect everyone to come to the gym everyday and just work their butts off. These elite players that chose this route all have one goal and that's to make it to the NBA, and so there can't be no slacking, no days off, none of that," guard Jalen Green said in an interview set up by NBA Philippines. "At the same time, we gotta build chemistry because if we do get the chance to get on that floor and play, we gotta be on the same page so we can win," he added. All players in the Select Team will be using the G League as a springboard to get to the NBA. Save for actually playing for one of the 32 NBA teams, this is the closest they could get to the Association right now. The G League will be a crucial part to their development and having each other's back will be a key factor as they all try to move forward. "I think we all could play a part in helping each other," Green said. "We step into practice and get ready, we all have to compete and play hard against each other, that's the only way we can get better. We have all the tools in our backyard to learn so we just gotta use it to our advantage," Jalen added.   — Follow this writer on Twitter, @paullintag8.....»»

Category: sportsSource:  abscbnRelated NewsAug 16th, 2020

Spurs keep playoff hopes alive with 123-105 win over Rockets

LAKE BUENA VISTA, Fla. (AP) — The Spurs aren’t out of it yet. Keldon Johnson had 24 points and 11 rebounds, and San Antonio kept alive its chances of becoming the first team in NBA history to make 23 consecutive playoff appearances with a 123-105 victory over the Houston Rockets on Tuesday (Wednesday in the Philippines). San Antonio has won three straight and five out of seven since arriving in the Florida bubble. DeMar DeRozan added 23 points. Jakob Poeltl finished with 14 points and 12 rebounds. A total of seven Spurs reached double figures. Johnson said his mindset since the season restarted has been to fill in whatever role is asked of him. “Whether it's hustling, running the floor — just doing whatever I need to do to help us win,” he said. “Help from my teammates has definitely helped the game slow down for me." Popovich said Johnson is playing with the confidence they saw when they drafted him 29th overall last year. “That’s what he does," Popovich said. "He’s a high-energy guy. He's very physical. Very competitive. Very coachable. He’s just a winner.” The Western Conference is guaranteed to have a play-in for its final playoff spot, with Memphis beginning the day with just a half-game lead over Portland and one game ahead of Phoenix and San Antonio. The Spurs will need help to be one of the teams playing this weekend for the final spot in the West, but made sure they couldn't be eliminated Tuesday with their win. Russell Westbrook had 20 points and seven turnovers in his first game back in the lineup for Houston after missing two games with a bruised right quadriceps. Jeff Green had 17 points. Ben McLemore added 16. The Rockets played without guards James Harden (rest) and Eric Gordon (ankle). Rockets coach Mike D’Antoni said the most important part of their final two games before the playoffs will be getting Westbrook some quality minutes so that he is fresh. “Get some of the rust off, build up his legs a little bit,” D'Antoni said. “We'll try to get through these two games and just try to get guys physically ready to go next week.” Westbrook said he isn't worried about finding his timing before the playoffs begin. “I'll get it back,” he said. The Spurs took control in the second quarter, outscoring the Rockets 35-24. San Antonio led by as many as 29 points. San Antonio built a 19-point lead in the first half. DeRozan set the tone with 15 points in the opening 24 minutes, with Lonnie Waker IV, Poeltl and Johnson each scoring 10. TIP-INS Rockets: Went 14 of 48 from the 3-point line. ... Danuel House Jr. sat out with a toe injury. Spurs: Patty Mills (rest) missed his third straight game. WIN-WIN Regardless of whether the Spurs make the playoffs, Popovich is proud of how his young players have stepped up in during their time in the bubble. “Part of it is you have to be realistic,” Popovich said. “I don’t think our chances of winning the championship were great at the beginning of this, nor are they now. If that’s a fact, then you need to do everything you can to develop and be prepared for next season. “The development has been off the charts. We’re thrilled with it. So it’s a win-win no matter what.” Popovich said it would be “thrilling” to get some help and have a chance to extend their season, but he’s not using it as a measuring stick for the season. “We’ve already accomplished what we thought we were capable of accomplishing, that’s what’s important. If we got in now it would be icing on the cake.” UP NEXT Rockets: Play Pacers on Wednesday (Thursday in the Philippines) Spurs: Conclude their seeding schedule Thursday (Friday in the Philippines) against Utah......»»

Category: sportsSource:  abscbnRelated NewsAug 11th, 2020

Infra projects continue in WV despite COVID-19

ILOILO CITY, Aug. 10 (PIA) - Despite the threat of the coronavirus disease 2019 (COVID-19), the government's Build, Build, Build program continues in Western VisayasIn today's Laging Handa N.....»»

Category: newsSource:  manilanewsRelated NewsAug 11th, 2020

P51-B airport railway launched

Project to generate 38,000 jobs The country’s first airport railway express service soon starts construction after the government and proponents signed the P50.8-billion contract packages for PNR Clark Phase 2 (Malolos-Clark) segment of the P777.5-billion North-South Commuter Railway (NSCR) virtually over the weekend  (August 1, 2020). The construction is expected to generate 38,000 new local jobs in the midst of the COVID-19 pandemic. Department of Transportation (DOTr) Secretary Arthur Tugade led the virtual signing of the contracts, marking the start of civil works for the 53-km extension that will bring passengers from Makati City in Metro Manila to Clark International Airport in Pampanga in just under one  hour. The first signing was for the P32.7-billion Contract Package N-04, which covers the civil engineering and building works  6.3 kilometers of the main line and 1.6 kilometers of the depot’s access line with an underground station serving Clark International Airport. They also signed the P18.1-billion Contract Package N-05, which covers the civil engineering and building works for the Clark Railway Depot.  The depot covers an overall area of approximately 33 hectares.  The contract covers the construction of the Operations Control Center, stabling yard, workshops, training center and other ancillary buildings in Mabalacat, Pampanga. This proves that flagship projects under the government’s BUILD, BUILD, BUILD program continue despite challenges posed by the pandemic, Tugade underscored. The PNR Clark Phase 2 paves the way for the country’s first-ever airport railway express service, he reiterated. “Since the NSCR will feature the country’s first airport express train service allowing travelers to get from Makati to Clark Airport in under one hour, we can consider it as a trail-blazing project, ” the DOTr Secretary  elaborated. “To achieve this, trains will run at 160 kilometers per hour, making it one of the fastest modes of land public transportation.”  The signing of contracts is likewise timely, noted Asian Development Bank (ADB) Southeast Asia Director General Ramesh Subramaniam. “The civil works contracts will help kickstart the economic revival of the Philippines over the next 12 months as the country faces the pandemic ” he pointed out. Under the railway project, we estimate that 24,000 local construction jobs will be directly created during the next three years.  And another at least 14,000 jobs needed for operating the railway system,” according to Subramaniam. The signing of contracts is a major milestone for the Malolos-Clark Railway Project as well as for the Philippine transport sector, he added. Once partially operational by 2022, PNR Clark Phase 2 (Malolos-Clark), a 53-km rail line segment, will connect Malolos, Bulacan to Clark International Airport, will cut down travel time to 30-35 minutes, from the original 1 hour and 30 minutes. The DOTr signed contract Package N-04 was virtually signed with Acciona Construction Philippines, through Director Ruben Eugenio Garcia and Chief Financial Officer Angel Fernandez de la Pradilla, and EEI Corporation, through President and CEO Roberto Jose Castillo. Contract Package N-05 was virtually signed with POSCO Engineering and Construction Co., Ltd., through Executive Vice President Dong Ho Kim and POSCO E&C Vice President Sung Wook Chung......»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 2020