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Philippines seeks ADB support on infrastructure, digitalization

The Philippines is seeking strengthened support from the Asian Development Bank (ADB) for the country’s infrastructure push, both physical and digital, and in improving the capacities of small businesses......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2024

Razon unit strengthens exposure in water infrastructure

The Razon Group’s joint venture with a privately owned Australian construction company plans to beef up its presence in the water infrastructure space to support its growth in the coming years......»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

DENR, DPWH to expedite Mindanao resilient infrastructure programs

Mindanao-wide resilient infrastructure programs will be expedited amid recent disasters in the region, according to the Department of Environment and Natural Resources......»»

Category: newsSource:  philstarRelated NewsFeb 26th, 2024

DBM: Infrastructure, capital expenditures breach P1 trillion

Expenditures of the national government for infrastructure and other capital outlays grew to P1.02 trillion from January to November 2023 from only P861.8 billion in the same period in 2022, according to the Department of Budget and Management......»»

Category: newsSource:  philstarRelated NewsFeb 19th, 2024

Infrastructure damage hits P588.4 million in Davao, Caraga

Damage to infrastructure due to floods and landslides following heavy rainfall spawned by the northeast monsoon and trough of a low-pressure area in Davao and Caraga regions since Jan. 28 has reached P588.4 million......»»

Category: newsSource:  philstarRelated NewsFeb 11th, 2024

World Bank urges Philippines to address funding, infrastructure challenges

The Philippines need to address challenges in terms of funding, lack of digital infrastructure and technical competencies as local government units are looking to develop smart cities, the World Bank said......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024

Infrastructure spending hits lowest level in November

Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Philippines urged to improve broadband infrastructure

The Philippines will need to pursue and implement reforms aimed at encouraging competition and investments to improve its broadband infrastructure, according to a World Bank study......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Davao Bus Project to begin major infra construction

FOLLOWING the ceremonial signing of civil works contracts for the construction of the Davao Bus Project’s infrastructure facilities (e.g. terminals, depots and bus stops), the City Government of Davao extended its gratitude to the Department of Transportation (DOTr) and appealed to the agency to guarantee appropriation necessary to deliver the project on time......»»

Category: newsSource:  sunstarRelated NewsFeb 16th, 2024

PBBM pinapaapura permit ng mga flagship project

Inatasan ni Pangulong Bongbong Marcos ang mga ahensiya ng gobyerno na gawing simple ang pagkuha ng permit ng infrastructure flagship projects (IFPs) upang mapabilis ang implementasyon ng mga ito. The post PBBM pinapaapura permit ng mga flagship project first appeared on Abante......»»

Category: newsSource:  abanteRelated News15 hr. 46 min. ago

EDITORIAL - Next, the monsoons

While people swelter in the heat, there are activities that benefit from the hot, dry season. As Congress resumed sessions, the head of the House of Representatives committee on appropriations urged executive departments to take advantage of the dry season by speeding up work on infrastructure projects, including road and bridge repairs and other maintenance work, which are supposed to be finished within the year......»»

Category: newsSource:  philstarRelated NewsMay 4th, 2024

‘Use PPPs for infrastructure, not to raise revenues’

A member of a losing consortium in the privatization of the Ninoy Aquino International Airport has urged government to stop using revenue gains as a bid parameter in awarding public-private partnership projects......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Quick rollout of PPPs to boost economic growth

The rollout of more infrastructure projects that involve the private sector is expected to prop up economic growth with the government likely to make up for its lagged spending last year, according to banking giant UBS......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

Government pushes P839 billion water infrastructure projects

“Many of our communities still suffer from a lack of potable water while others endure the devastating effects of flooding year after year due to climate change.”.....»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

Megawide expands portfolio of 8990 projects

Infrastructure conglomerate Megawide Construction Corp. has completed another project for mass housing developer 8990 Holdings Inc......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Foreign borrowings rise to $14.5 billion in 2023

Foreign borrowings approved by the Bangko Sentral ng Pilipinas jumped by more than 40 percent in 2023 after declining for two straight years, as the national government borrowed more from offshore creditors primarily to bankroll key infrastructure projects......»»

Category: financeSource:  philstarRelated NewsJan 22nd, 2024

Over 600-K affected by shear line in Davao

Over 600,000 people in Davao Region were affected by a shear line, causing unprecedented damage and extensive flooding and landslides. The regional director of the Office of Civil Defense-Davao Region emphasized the need to address these issues and called for collaboration to prevent future disasters. The agriculture sector suffered over P50 million in damages, while infrastructure incurred around P25 million in damages. The report also highlighted the impact on road sections, bridges, and houses, with significant assistance provided by OCD-Davao. Plans are underway for a region-wide flooding dialogue and realignment of projects with disaster prevention efforts in collaboration with the Department of Public Works and Highways. Related stories include urging proactive measures in establishing disaster services at barangays and the expedited release of aid for Davao disaster victims......»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 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

Pro-Palestinian demonstrators shut down airport highways and key bridges in major U.S. cities

Pro-Palestinian demonstrators shut down airport highways and key bridges in major U.S. cities.....»»

Category: newsSource:  sunstarRelated NewsApr 16th, 2024

Ban on e-bikes, tricycles in major Metro Manila roads starts

Ban on e-bikes, tricycles in major Metro Manila roads starts.....»»

Category: newsSource:  sunstarRelated NewsApr 15th, 2024