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Maharlika fund to invest P35 billion for projects in 2024

State-run Maharlika Investment Corp. will invest P35 billion in various projects this year, particularly on energy, mass housing and transportation......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

Biden proposes $128-M budget for EDCA projects — Pentagon chief

US Defense Secretary Lloyd Austin announced that President Joe Biden is proposing a $128 million congressional allocation to fund projects at Enhanced Defense Cooperation Agreement sites in the Philippines, according to the Presidential Communications Office......»»

Category: newsSource:  philstarRelated NewsApr 13th, 2024

P53.2-M earmarked for MSSD-BARMM extension services

The social welfare ministry of the Bangsamoro region has released additional P53.2 million grants in separate tranches to its partner entities engaged in humanitarian projects benefiting marginalized residents of the autonomous region. .....»»

Category: newsSource:  philstarRelated NewsJan 29th, 2024

Prime Infrastructure projects certified of national significance

Two pump storage projects of Razon-owned Prime Infrastructure Capital Inc. (Prime Infra) have been named energy projects of national significance because of their potential contribution to the country’s energy security, according to the Department of Energy......»»

Category: financeSource:  philstarRelated NewsMay 29th, 2024

Cebu City sets 14 road opening, widening projects worth P3.8B

  CEBU CITY, Philippines – The Cebu City government is set to implement 14 road opening and widening projects this year in a bid to ease traffic. Engr. Miralex Toribio, acting assistant city engineer of the Department of Engineering and Public Works (DEPW), disclosed that around P3.8 billion worth of road opening and widening projects.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2024

Agencies pledge P6.3B projects for Lapu-Lapu City at CDC

LAPU-LAPU CITY, Cebu — Lapu-Lapu City residents can expect more projects and programs next year, including road repairs, drainage projects, and health-related programs. During the City Development Council (CDC) full council meeting on Monday, March 4, 2024, the Department of Public Works and Highways (DPWH) pledged P5.385 billion for Lapu-Lapu City in 2025. The amount.....»»

Category: newsSource:  inquirerRelated NewsMar 6th, 2024

Agencies pledge P900M projects for Lapu-Lapu City at CDC

LAPU-LAPU CITY, Cebu — Lapu-Lapu City residents can expect more projects and programs next year, including road repairs, drainage projects, and health-related programs. During the City Development Council (CDC) full council meeting on Monday, March 4, 2024, the Department of Public Works and Highways (DPWH) pledged P5.385 million for Lapu-Lapu City in 2025. The amount.....»»

Category: newsSource:  inquirerRelated NewsMar 5th, 2024

NEDA approves 23 new priority infrastructure projects

The National Economic and Development Authority Board has approved the inclusion of 23 projects in the list of infrastructure flagship projects to be prioritized under the current administration, bringing the total cost to P9.14 trillion......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

Philippines approved investment projects up 73 pct in 2023

MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»

Category: newsSource:  manilanewsRelated NewsJan 14th, 2024

Philippines approved investment projects up 73 pct in 2023

MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»

Category: newsSource:  philippinetimesRelated NewsJan 14th, 2024

AIIB approves P64 billion loan for Bataan-Cavite bridge

The Asian Infrastructure Investment Bank (AIIB) is extending up to P64 billion in loans to fund the construction of the Bataan-Cavite Interlink Bridge (BCIB) project and enhance connectivity in the Greater Manila Area......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2024

LBC back in the red on higher debt payments

Courier giant LBC Express Holdings Inc. sank in the red in the first quarter as it paid loans acquired in the latter half of 2023 and took on new debts to fund capital expenditures......»»

Category: financeSource:  philstarRelated NewsMay 23rd, 2024

PLDT takes out P4 billion green loan for expansion

Telco leader PLDT Inc. has doubled down on its strategy to acquire sustainable loans as it took out P4 billion in green financing from Metropolitan Bank and Trust Co. to fund its network expansion......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2024

SSS offers loan condonation program

State-run pension fund Social Security System has called on its members with unsettled loans to avail themselves of the agency’s condonation program and clear out their obligations......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

President Marcos: Look for new fund source for Mindanao railway

President Marcos yesterday ordered the transportation and finance departments to look for funds for the Tagum-Davao-Digos railway, a project that has been stalled after the government decided to no longer tap Chinese loans for its financing......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

Chinese presence at NGCP

The Chinese presence at NGCP can be blamed on former president Gloria Macapagal-Arroyo who allowed it to happen. She was very close to China, trying a pivot to China away from the United States through Chinese supported infrastructure projects......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

DOF finalizing P55.7 billion loan for Metro Manila subway

The government targets to secure P55.7 billion in loans from the Japanese government for the third tranche of financing for the Metro Manila Subway Projects by March......»»

Category: newsSource:  philstarRelated NewsFeb 27th, 2024

China `wag dedmahin sa pananakot – PBBM

Kailangang aksyunan at hindi maaaring magpanggap na lamang ang Pilipinas na walang ginagawang mali ang China sa West Philippine Sea, sabi ni Pangulong Bongbong Marcos kay Japanese Ambassador Endo Kazuya nang mag-courtesy call ito sa kanya sa Malacañang. The post China `wag dedmahin sa pananakot – PBBM first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 6th, 2024

Gearing up vs China blocking actions near Ayungin Shoal

China has been stepping up its pressure tactics in the West Philippine Sea, deploying a naval warship alongside the China Coast Guard and maritime militia in blocking an unarmed Philippine boat carrying supplies to the troops manning an outpost aboard the ship BRP Sierra Madre in Ayungin Shoal......»»

Category: newsSource:  philstarRelated NewsApr 5th, 2024

China s Xi lauds ties with Indonesia during president-elect visit

Chinese President Xi Jinping praised China's strong ties with Indonesia during a meeting Monday with President-elect Prabowo Subianto. Xi laid plans for regional peace and affirmed China's commitment to deepen maritime cooperation with Indonesia.State broadcaster CCTV reported that Xi told Prabowo that bilateral ties "have entered a new stage of jointly building a community with a shared future." He also added t.....»»

Category: sportsSource:  abscbnRelated NewsApr 2nd, 2024