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ADB OKs $175M loan for 3 'Build, Build, Build' bridges

ABS-CBN News
Posted at Dec 15 09:13 AM

The Asian Development Bank said Wednesday it has approved a $175 million (P8.8 billion) loan to help fund 3 new bridges over the Marikina River. Read more »

Bicol International Airport to start commercial operations on Oct. 8

ABS-CBN News
Posted at Oct 08 12:27 PM

The Bicol International Airport will begin commercial operations on Friday Oct. 8 following the inauguration led by President Rodrigo Duterte and Transport Secretary Art Tugade on Thursday. Read more »

Philippine Science High School campus soon to rise in New Clark City

ABS-CBN News
Updated as of Sep 21 10:51 AM

A Philippine Science High School learning center is being constructed within the New Clark City, the BCDA said. Read more »

Subsection 5 ng Cavite-Laguna Expressway bukas na

ABS-CBN News
Posted at Aug 24 07:21 PM

Inaasahang makikinabang ang nasa 5,000 motorista kada araw ngayong bukas na ang Sub-section 5 ng CALAx, ayon sa isang opisyal. Read more »

Duterte gov't to boost infra spending amid pandemic

ABS-CBN News
Posted at Aug 23 06:12 PM

The government wants to ramp up spending for its flagship infrastructure program in 2022 even amid the ongoing COVID-19 pandemic. Read more »

Duterte boasts of completed infra projects in last SONA

Jessica Fenol, ABS-CBN News
Posted at Jul 26 07:11 PM

The administration has completed infrastructure projects that helped eliminate the "misery" of public commuting in the country's congested capital, President Rodrigo Duterte said Monday during his 6th and last State of the Nation Address.   Read more »

Stable debt ratio with revenue rise may lead to positive rating action: Fitch Ratings

ABS-CBN News
Updated as of Jul 13 12:23 PM

A stable debt ratio with an increase in revenue as well as public finances could lead to the country's credit outlook upgrade from negative to positive, Fitch Ratings said Tuesday. Read more »

S&P Global Ratings affirms Philippines' investment grade BBB+ rating

ABS-CBN News
Posted at May 27 08:40 PM

Debt watcher S&P Global Ratings affirmed on Thursday the Philippines’ investment-grade credit rating of BBB+ with a stable outlook, saying the country’s economy was beginning to recover from the disruptions of the COVID-19 pandemic.    Read more »

P741 billion to be spent for Luzon, Mindanao railway projects from 2021 to 2025 - DOTr

Nika Lazo, ABS-CBN News
Posted at Feb 24 11:00 PM

A total of P741.4 billion in capital expenditures (capex) is being set aside for the development of multiple railway projects in Luzon and Mindanao, according to the Department of Transportation (DOTr) on Wednesday. Read more »

Engineering, design contract awarded for ADB-funded Bataan-Cavite bridge

ABS-CBN News
Posted at Oct 22 10:07 AM

The Asian Development Bank said Thursday the Department of Public Works and Highways signed a $59 million (P2.8 billion) deal for the engineering and design of the Bataan-Cavite Interlink Bridge Project which is being developed with funding from the multilateral lender. Read more »

Construction of Malolos-Clark Railway Project to begin soon: Asian Development Bank

ABS-CBN News
Posted at Oct 08 01:56 PM

The Asian Development Bank said Thursday the construction of the Malolos-Clark Railway Project would begin soon after the signing of 3 civil work contracts worth over $1.7 billion (P82.2 billion)   Read more »

Duterte eyes to create over 200,000 jobs with proposed P1 trillion infra budget

Arianne Merez, ABS-CBN News
Posted at Aug 28 03:47 PM

President Rodrigo Duterte's administration is planning to create hundreds of thousands of jobs in construction with a proposed P1 trillion funding for the government's 'Build, Build, Build' infrastructure push as the COVID-19 pandemic threatens more livelihoods. Read more »

'Build Build Build' a priority as Philippines resets from pandemic: NEDA chief

ABS-CBN News
Updated as of Apr 30 06:20 PM

President Rodrigo Duterte's P8 trillion infrastructure program remains a priority despite the the coronavirus pandemic, acting Socioeconomic Planning Secretary Karl Chua said Thursday. Read more »

Philippines seen to spend more on health infra due to COVID-19: Fitch Solutions

ABS-CBN News
Posted at Apr 22 12:01 PM

The Philippines can reallocate funds to building healthcare infrastructure after the coronavirus pandemic exposed its "vulnerabilities," a Fitch Solutions analysts said Wednesday.  Read more »

Gov't 'redoing' flagship project list to include 'game-changing' deals: adviser

Cathy Yang, ABS-CBN News
Posted at Oct 08 02:55 PM

The P8-trillion infrastructure plan, also dubbed "Dutertenomics" includes 75 projects including Metro Manila's first ever subway. Read more »

S&P raises Philippines' credit rating, citing strong economy

ABS-CBN News
Posted at Apr 30 06:22 PM

The Philippines' score was raised to BBB+ from BBB A, the third lowest investment grade rating or 3 notches above the minimum investment grade score, S&P said.  Read more »

China can't take PH assets under loan deals: finance official

ABS-CBN News
Updated as of Mar 08 01:14 PM

Finance Assistant Secretary Tony Lambino public assets such as roads, bridges and other infrastructure could not be used “as any sort of payment” in case of failure to comply with the borrowing terms. Read more »

Higher tax could push cement prices higher: manufacturer

ABS-CBN News
Posted at Jan 30 11:03 AM

A provisional tax of P8.40 per bag could bring prices to P185 to P200 per bag, said Philcement president and CEO Eduardo Sahagun. Read more »