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PPA to spend P3.5 billion for upgrade of ports
As shippers suffer from the fallout of the Red Sea conflict, the Philippine Ports Authority (PPA) is spending P3.5 billion this year for port upgrades to minimize the impact of external disruptions on the local industry......»»
Maynilad pipelines P4 billion for upgrade of 22 pumping stations, reservoirs
Maynilad Water Services will spend about P4 billion to rehabilitate 22 pumping stations and reservoirs to boost the water supply and pressure in the West Zone concession area......»»
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......»»
ATI to spend P2.7 billion for ports upgrade
The operator of some of the largest ports in the Philippines is increasing its capital expenditures to P2.7 billion this year, seeing the need to expand its capacity as trade recovers here and abroad......»»
ICTSI cleared to start P11 billion Iloilo port upgrade
Tycoon Enrique Razon’s International Container Terminal Services Inc. has received the green light to commence its P11-billion development of one of the largest ports in Visayas......»»
Globe gets P5 billion from sale of towers
Telco-to-tech provider Globe Telecom Inc. raised almost P5 billion from the sale of towers in the first quarter, providing it with some of the capital needed to upgrade services and pay debts......»»
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......»»
MVP wants longer contract period for MRT-3
One of the potential bidders for the privatization of the Metro Rail Transit Line 3 wants the government to award a new concession with a service contract longer than 15 years......»»
MVP, Ang may jointly bid for MRT-3
Another infrastructure tie-up between tycoons Manuel V. Pangilinan and Ramon Ang could be in the works as Metro Pacific Investments Corp. will engage San Miguel Corp. in bidding for the privatization of the Metro Rail Transit Line 3......»»
MPIC, SMC bids for MRT-3 rejected
The Department of Transportation will decline the privatization offers for the Metro Rail Transit Line 3 made by tycoons Manuel V. Pangilinan and Ramon Ang, as it eyes to get additional offers from the private sector......»»
Free MRT rides for women, all-female House session
Women and girls can enjoy free rides today at the Metro Rail Transit Line 3 and the Light Rail Transit Line 2 in line with the celebration of International Women’s Day......»»
MRT-3 concession period seen at shorter 10-15 years
The next operator of the Metro Rail Transit Line 3 could end up with a shorter term of at least 10 years, as its role will be limited to managing the railway as the government pays for the cost of its rehabilitation......»»
After SC victory, young activists face arrest as local court issues warrant
The Bulacan local court, which orders the arrest, sets a bail amounting to P18,000 each for Jonila Castro and Jhed Tamano.....»»
MRT-3 to start accepting Mastercard for payments
Filipinos with Mastercard may now use their card to ride the Metro Rail Transit Line 3 without having to line up to buy a single journey ticket......»»
Maya loans reach P22 billion last year
Digital bank Maya Bank Inc. raised its loan disbursement by sevenfold to P22 billion in 2023, as it reaped the benefits of expanding its credit products for underserved sectors......»»
Argentina permitted to tap IMF bailout
The Latin American country is heading towards 200% inflation amid the worst economic crisis in decades The International monetary Fund (IMF) has agreed to unlock $4.7 billion for Argentina as part of a debt restructuring plan even though the country missed targets related to its $43 billion loan program, the fund anno.....»»
LRT-2, MRT-3 give free rides to commemorate DOTr s 125th year
The Light Rail Transit Line 2 and Metro Rail Transit Line 3 will be giving commuters free rides on Wednesday during the two line's peak hours......»»
Boulevard Holdings Q2 net income down 86% y/y, down 336% q/q
Boulevard Holdings reported a Q2/23 net loss of P33 million, down 86% from its Q2/22 net loss of P18 million, and down 336% from its Q1/23 net income of P14 million......»»
Onion prices plunge; DA suspends imports
The Department of Agriculture has ordered the suspension of onion imports as the farmgate price of white onions went down to P18 per kilo amid the flooding of imported bulbs......»»
Infrastructure projects get better loan terms from Japan
The Philippines has secured better financing terms for two big-ticket infrastructure projects funded by the Japanese government aimed at improving public transport and road connectivity......»»