News

More Duterte 'build build build' projects approved

Reuters
Posted at Jun 28 04:54 PM

A government panel led by President Rodrigo Duterte has approved 305.64 billion pesos ($6.05 billion) worth of infrastructure projects aimed at spurring one of Asia's fastest growing economies. Read more »

Philippines under Duterte: Some changes after a year

Infographic by Angela Salano, ABS-CBN News
Updated as of Jul 03 07:15 PM

President Duterte promised "pagbabago." After a year in office, here are some key changes in policies that have distinguished him from his predecessor or predecessors. Read more »

NEDA Board approves Malolos-Clark railway project

ABS-CBN News
Posted at Jun 28 04:25 PM

As the Duterte administration marks its first year the National Economic and Development Authority (NEDA) Board led by President Duterte has approved the Malolos-Clark Railway Project. Read more »

Duterte's 1st Year: Delivering on 'the golden age of infrastructure'

ABS-CBN News
Updated as of Jun 28 10:34 AM

President Rodrigo Duterte's ambitious infrastructure program delivered a singular message: ODAs are in, PPPs are out.  Read more »

Heavy downpour floods some Metro Manila streets

ABS-CBN News
Posted at Jun 27 03:38 PM

A sudden heavy downpour flooded several streets in Metro Manila on Tuesday afternoon. Read more »

Investors optimistic on 'build build build' despite delays: BDO Capital

ABS-CBN News
Posted at Jun 27 09:54 AM

Investors remain “very optimistic” on President Rodrigo Duterte’s P8-trillion plan to rebuild the country’s infrastructure despite delays, BDO Capital Ed Francisco said Tuesday.  Read more »

Arroyo tells Pangasinan grads: Human infrastructure is PH's best resource

ABS-CBN News
Posted at Jun 25 06:11 PM

Pampanga Rep. Gloria Macapagal Arroyo highlighted the importance of education in the development and growth of the country as she spoke to graduates of the Pangasinan State University (PSU) in Dagupan City last week. Read more »

OPINION: Metro Manila Woes: A Continuing Critique

ABS-CBN News
Posted at Jun 24 04:48 AM

The absence of foresight, out-of-the-box thinking and political will have all conspired to bring about chaos and suffocation in Metro Manila. Read more »

LIST: Roads in QC, Pasig up for repairs this long weekend

Fred Cipres, ABS-CBN News
Posted at Jun 23 08:56 PM

Some roads in Quezon City and Pasig City will undergo repairs and reblocking this long weekend.  Read more »

NEDA set to approve subway, other infra projects next week

Vivienne Gulla, ABS-CBN News
Posted at Jun 20 06:37 PM

Nine flagship infrastructure projects, including the proposed subway for Metro Manila, are up for approval next Tuesday by the National Economic and Development Authority board led by President Rodrigo Duterte. Read more »

Cavite-Laguna expressway breaks ground

ABS-CBN News
Updated as of Jun 19 05:41 PM

Construction of the Cavite-Laguna expressway (CALAX) has begun with ground-breaking ceremonies this morning attended by several Cabinet secretaries and Metro Pacific Investments Corp. (MPIC) Chairman Manny Pangilinan.   Read more »

Gov't plans P889.7-B in borrowings next year

Reuters
Posted at Jun 19 11:56 AM

The Philippine government plans to borrow P889.7 billion ($17.9 billion) from local and foreign sources next year to help finance its budget deficit and pay off debts, documents from the Bureau of the Treasury showed. Read more »

China-backed AIIB touts growth, sustainability

Elias Glenn, Reuters
Posted at Jun 18 04:21 PM

Leaders of the China-backed Asian Infrastructure Investment Bank touted its growing membership and commitment to sustainable development at its annual meeting, even as environmental groups were disappointed by its openness to investing in coal projects. Read more »

Shares little changed, Asian stocks creep higher after Wall Street decline

ABS-CBN News
Updated as of Jun 13 11:48 AM

Philippine shares were little changed on Tuesday as Asian stocks crept higher, defying a weak lead from Wall Street, which was dragged for a second day by technology stocks. Read more »

OPINION: This is where your taxes will be going

Jose Galang - Your Business
Posted at Jun 12 04:39 PM

A recent hearing conducted by the Senate economic affairs committee on the investment and official assistance agreements secured by the Philippines from China uncovered some troubling aspects of the Chinese aid scheme.  Read more »

NEDA committee approves Mindanao, South Luzon, Clark railways

ABS-CBN News
Posted at Jun 07 05:24 PM

The government's plan to build railways connecting different parts of the country took a step closer to reality after a key committee of the National Economic and Development Authority (NEDA) announced it approved three rail projects.  Read more »

House tax reform bill to generate P1.16T in 5 years: finance dept

ABS-CBN News
Posted at Jun 06 04:54 PM

President Rodrigo Duterte's first tax reform package will generate P1.16 trillion in revenues in the next five years, boosting his ambitious infrastructure program, the Department of Finance said Tuesday. Read more »

Consunji group to put up $340-M cement business

ABS-CBN News
Posted at Jun 06 10:15 AM

DMCI Holdings said Tuesday it was planning to put up a $340-million cement business, as President Rodrigo Duterte rolled out an ambitious infrastructure program. Read more »

House passes Duterte tax reform bill on final reading

ABS-CBN News
Updated as of May 31 10:51 PM

MANILA (3rd UPDATE) - The House of Representatives on Wednesday passed on third and final reading President Rodrigo Duterte's tax reform bill, in a boost to his efforts to rebuild the country's infrastructure. Read more »

Finance Department defends use of foreign loans to fund infra projects

ABS-CBN News
Posted at May 31 01:14 AM

The finance department defends government's decision to favor foreign loans to fund infrastructure projects compared with the previous set up of a public-private partnership. Read more »