News

'Build, Build, Build' may bring decade of 7 percent growth: Diokno

Sumeet Chatterjee and Fransiska Nangoy, Reuters
Posted at Oct 11 03:20 PM

The Philippines expects economic growth to recover to 7-8 percent target next year despite global uncertainties, as it pushes ahead with massive infrastructure spending plans, the country's budget secretary said on Wednesday. Read more »

SMC implements new traffic scheme on SLEX, Skyway amid new infra project

ABS-CBN News
Posted at Oct 10 03:57 PM

San Miguel Corporation on Wednesday said it is implementing a new traffic management scheme at sections of the South Luzon Expressway and Skyway amid the construction of another tollway that will connect C-5 to the Manila-Cavite Expressway.    Read more »

Japan to provide additional P2B loan for New Bohol Airport

ABS-CBN News
Posted at Oct 08 04:40 PM

A 4.376 billion yen (P2.09 billion) yen will be extended by the Japan International Cooperation Agency (JICA) to the Philippines to cover the second phase of the new airport, which will expand its runway and passenger terminal building, the DOF said in a statement.  Read more »

Pakistan cuts 'Silk Road' rail project by $2-B due to debt concerns

Mubasher Bukhari, Reuters
Posted at Oct 01 11:00 PM

Islamabad has cut the size of the biggest Chinese "Silk Road" project in Pakistan by $2 billion, Railways Minister Sheikh Rasheed said on Monday, citing government concerns about the country's debt levels. Read more »

Right-of-way fund 'significantly' larger in 2019 budget

ABS-CBN News
Posted at Sep 27 07:36 PM

A total of P56.3 billion ROW budget has been allocated for the Department of Public Works and Highways (DPWH) and the Department of Transportation (DOTr) in the 2019 budget. Read more »

Construction of Estrella-Pantaleon bridge deferred to January 2019: DPWH

ABS-CBN News
Posted at Sep 25 11:00 AM

MANILA - The construction of the Estrella-Pantaleon bridge has been deferred to January 2019 to avoid economic losses during the Christmas season, the Department of Public Works and Highways said Tuesday. Read more »

Cement manufacturers worried over quarrying ban

ABS-CBN News
Posted at Sep 25 12:21 AM

Cement makers express deep worries over government's ban on quarrying, a key source of their raw materials. Read more »

'Build, Build, Build' needs 12 bridges to beat metro traffic: DPWH

ABS-CBN News
Updated as of Sep 24 04:40 PM

Twelve new bridges including the construction of a new Estrella – Pantaleon bridge were proposed under the government’s traffic management plan to further ease traffic congestion in Metro Manila, an official said Monday. Read more »

China tightens embrace of Hong Kong with bullet train, other mega projects

James Pomfret, Reuters
Posted at Sep 21 09:45 AM

Passengers entering the modernist building will have their documents stamped by Chinese immigration officers and will be subject to Chinese law while zipping across Hong Kong at 200 kph (120 mph) to the mainland. Read more »

EU unveils Asia infrastructure plan, denies rivalry with China

Robin Emmott, Reuters
Posted at Sep 19 10:34 PM

The European Commission proposed on Wednesday a foreign policy plan to improve transport, energy and digital infrastructure links with Asia but denied seeking to counter China's ambitions that have raised suspicion in Western capitals. Read more »

Closure of Rockwell bridge temporarily cancelled: MMDA

ABS-CBN News
Updated as of Sep 19 10:04 PM

MMDA spokesperson Celine Pialago said a new schedule of the closure would be released soon. Read more »

Ayala infra arm eyes more projects after NAIA

ABS-CBN News
Posted at Sep 13 04:50 PM

AC Infrastructure is looking for other projects after its consortium were awarded the Original Proponent Status (OPS) to rehabilitate the Ninoy Aquino International Airport (NAIA) Read more »

House rescinds abolition of Road Board

RG Cruz, ABS-CBN News
Posted at Sep 13 01:41 AM

The House of Representatives has rescinded approval of House Bill 7436 or the abolition of the Road Board. Read more »

Trade deficit widens to $3.55 billion in July

ABS-CBN News
Updated as of Sep 11 02:35 PM

The July trade deficit is higher than $3.35 billion in June but lower than the $3.7 billion deficit in May.   Read more »

SMC says ready to back 'incapable' subsidiary in Bulacan airport project

ABS-CBN News
Posted at Sep 10 07:51 PM

San Miguel Corp (SMC) on Monday said it is ready to back its subsidiary San Miguel Holdings Corp (SMHC) which is seeking to build a new international airport in Bulacan. Read more »

Davao Region most favored; others get cuts, token hike in infra budgets

Malou Mangahas, Philippine Center for Investigative Journalism
Posted at Sep 05 10:26 PM

IT'S AS GOOD as it gets for Davao Region, home and bailiwick of President Rodrigo R. Duterte.  Read more »

Senators want to amend DPWH budget

ABS-CBN News
Posted at Sep 03 11:49 PM

Senators want to amend the Department of Public Works and Highway's lower budget for next year to give way to a project seen to help improve the environment.  Read more »

China's Xi may announce 'more funding' for Philippines, Diokno says

ABS-CBN News
Posted at Aug 29 09:00 AM

Beijing earlier committed $9 billion in state funding for Manila. The first tranche includes 2 bridges in the capital that will both be completed by 2020. Read more »

Gov't urged to prioritize NAIA, Clark upgrades to solve air traffic woes

ABS-CBN News
Posted at Aug 29 12:05 AM

A business group official has urged the government to prioritize upgrades at the Ninoy Aquino International Airport and Clark International Airport.   Read more »

Philippines, China to fast-track infra projects: DOF

ABS-CBN News
Updated as of Aug 24 02:59 PM

Preparations for the projects have been "moving quite fast ahead," Finance Secretary Carlos Dominguez said during a meeting with Chinese Foreign Affairs Minister Wang Yi on Beijing last Aug. 22, the DOF said.   Read more »