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Government jacks up infrastructure spending to P1.2 trillion in 2023

The government jacked up its infrastructure spending last year, hitting P1.2 trillion and effectively surpassing its programmed allocation on the back of faster disbursements for major transport and road projects, according to the Department of Budget and Management......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

ICT spending in AsPac reaches $1.3 trillion in 2023

Information and communications technology spending in Asia and the Pacific reached the $1.3 trillion mark in 2023, as companies increased their investments on automation and cloud to survive and thrive in the digital era......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2024

Government urged to keep spending, avoid high surplus

The government should not keep a high surplus and instead continue to ramp up spending in order to meet the growing needs of the economy, an economist said......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Tell it to SunStar: Efficient resource management on education over simply spending more

Tell it to SunStar: Efficient resource management on education over simply spending more.....»»

Category: newsSource:  sunstarRelated NewsMar 7th, 2024

Clark Water spending P5.6 billion for freeport service upgrade

Clark Water Corp., a subsidiary of Manila Water Philippine Ventures, is spending P5.56 billion to improve its services in the Clark Freeport Zone......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

ALI spending P100 billion for projects this year

Ayala Land Inc, the listed property giant of the Ayala Group, is ramping up its investments this year with capital spending returning to pre-pandemic level......»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2024

How does spending time in God’s presence make you stronger?

How does spending time in God’s presence make you stronger? In what ways will you “lean into Him” today?.....»»

Category: newsSource:  philstarRelated NewsFeb 20th, 2024

US spending $7mn a year on seized Russian yacht

The luxury vessel worth $300 million was arrested in Fiji in 2022    The US government is spending more than $7 million a year to maintain a superyacht it seized from a sanctioned Russian businessman and that it is now seeking to sell, a court filing from Friday showed.   The yacht, named 'Amade.....»»

Category: newsSource:  inquirerRelated NewsFeb 15th, 2024

NEDA Optimistic on Economic Growth in the PH for 2024

National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expressed optimism about the country’s economic growth for 2024. According to Balicasan, major development organizations like the IMF, ADB, and the World Bank expect the country to have an economic growth rate of at least 6%. The IMF projects a growth rate of 6.2%, the ADB […].....»»

Category: newsSource:  metrocebuRelated NewsApr 24th, 2024

ADB cuts Philippines growth outlook to 6% in 2024

The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024

MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»

Category: newsSource:  philippinetimesRelated NewsJan 27th, 2024

Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024

MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»

Category: newsSource:  manilanewsRelated NewsJan 26th, 2024

Double-digit growth in bank lending seen this year

The Philippine banking sector is expected to book double-digit growth in loan disbursements this year on the back of robust economic growth, according to BMI Country Risk & Industry Research......»»

Category: newsSource:  philstarRelated NewsJan 19th, 2024

FACT CHECK: Vlog posts misleading facts and photos of BBM’s infra projects

While the video accurately listed the pending infrastructure of the administration, it incorrectly used photos that were taken from other countries to refer to certain local projects......»»

Category: newsSource:  davaotodayRelated NewsApr 18th, 2024

The biggest infra company

San Miguel Corp. president and CEO Ramon S. Ang and Metro Pacific Investments Corp. chair, president and CEO Manuel V. Pangilinan are talking to merge their respective tollways operations – SMC Tollways (under San Miguel Infrastructure Holdings) and Metro Pacific Tollways Corp. MPIC......»»

Category: newsSource:  philstarRelated NewsMar 13th, 2024

More Infra Needed as BPO Workers Rises to 1.7 Million Workers by End of 2023

The business process outsourcing in the Philippines employed a total of 1.7 million workers and generated revenues worth at least 35 billion USD at the end of 2023, according to a report. But for the local industry not to get left behind by other countries, stakeholders want continued investment in infrastructure, real estate, reliable internet, […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 21st, 2024

P173-M infra projects in Cotabato barangays up

The Cotabato provincial government has enlisted the support of the local communities in monitoring 24 new infrastructure projects, costing P173 million, in different barangays intended to boost the investment potentials of the province......»»

Category: newsSource:  philstarRelated NewsFeb 18th, 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

Philippine Infradev COO claims Makati Subway Project not very affected , that project will still continue

Philippine Infradev COO Georgina Monsod gave an interview with Hitoshi Iemura of Global Strategy Real Estate that was posted on Youtube on Nov. 28, 2023, where she spoke about the September court decision that altered the land distribution between Taguig and Makati, and about how that might impact INFRA’s crown jewel project, the Makati City Subway......»»

Category: financeSource:  philstarRelated NewsFeb 16th, 2024

Shear line damages P172-M worth of agri products, infra in Davao region

DAVAO CITY (MindaNews / 23 January) – The recent heavy rains brought by the shear line destroyed at least P172 million worth of agricultural products and infrastructure in the Davao region. Data from the Department of Agriculture – Davao region (DA-Davao) said the initial damage to palay, corn and other high-value crops reached P145.3 million. […].....»»

Category: newsSource:  mindanewsRelated NewsJan 23rd, 2024