News

Scrutinize those loans, please

Jose Galang — YOUR BUSINESS
Posted at Jun 20 11:26 PM

Financing deals for the so-called “Build, Build, Build” scheme warrant a serious review in the wake of their growing negative effects on the local economy as well as the unfavorable record of similar undertakings in many developing countries involving development assistance from China. Read more »

Local firm and Chinese partners look to build Makati subway

ABS-CBN News
Posted at Jun 20 07:32 PM

Real estate developer IRC Properties and its international consortium partners were granted 'original proponent status' for its proposed $3.7-billion Makati intra-city subway, the firm said on Wednesday.  Read more »

Gov't to resolve water regulator issue in Boracay

ABS-CBN News
Posted at Jun 20 12:58 PM

Once the regulatory issue is resolved, authorities can determine how to divide the island between water utilities, the Ayala Group's Boracay Island Water Inc and taipan Lucio Tan's Boracay Tubi Systems Inc, said Interior Undersecretary Epimaco Densing. Read more »

'Fast and sure': Metro Manila Subway groundbreaking set in Q4

ABS-CBN News
Posted at Jun 19 11:10 AM

The Metro Manila Subway, which is partly-funded by Japan, will be partially operational in 2.5 to 3 years, Transportation Secretary Arthur Tugade told an economic briefing in Tokyo. Read more »

Economic managers in Japan for investment roadshow

ABS-CBN News
Posted at Jun 18 10:34 AM

An economic briefing is scheduled in the Japanese capital on Monday. Filipino officials will also pitch the Philippines planned samurai or yen-denominated bonds, officials said. Read more »

How weak peso will affect infra, utility costs

ABS-CBN News
Updated as of Jun 15 12:39 AM

The further depreciation of the peso and rising interest rates are set to make infrastructure and utility costs more expensive. Read more »

Cemex bets P3 billion plant upgrade on 'Build, Build, Build'

ABS-CBN News
Posted at Jun 11 10:22 AM

Cemex expects "very significant growth" in construction for the third straight year. Read more »

In Mahathir's Malaysia, Japan is back amid doubts over Chinese funding

Praveen Menon and Anshuman Daga, Reuters
Posted at Jun 10 02:23 PM

Malaysian Prime Minister Mahathir Mohamad is set to woo investors and offer business deals during a trip to Japan that starts on Sunday, as he looks to cover a gaping debt hole and shift the country away from dependence on Chinese investments. Read more »

Cebu's new pride: Mactan-Cebu International Airport Terminal 2

ABS-CBN News
Updated as of Jun 08 10:13 AM

There's something new to be proud of in Cebu.  Read more »

GMR-Megawide to submit $4 billion proposal for Cebu airport expansion

Katrina Domingo, ABS-CBN News
Posted at Jun 07 09:01 PM

"Now we're already at 11 million. When you reach 15 million per year [passenger] traffic, typically, you have to plan for the second runway," Megawide Chairman Edgar Saavedra told ABS-CBN News. Read more »

New Cebu airport terminal awes Duterte

Dharel Placido, ABS-CBN News
Posted at Jun 07 07:37 PM

“I was awed when I started to walk towards this place. Napaka-ganda ng airport ninyo...," said President Duterte on Thursday.  Read more »

Pasilip sa bagong terminal ng Mactan-Cebu International Airport

ABS-CBN News
Posted at Jun 07 06:28 PM

Resort-themed ang design ng bagong passenger terminal ng Mactan-Cebu International Airport.  Read more »

COA flags defective, substandard infra projects in Aurora

Adrian Ayalin, ABS-CBN News
Posted at Jun 07 06:14 PM

The Commission on Audit has flagged defective road projects in Aurora province which were not properly addressed by the provincial government, effectively allowing contractors to run away from their responsibilities.   Read more »

Cebu bets on resort-themed airport terminal to lure 12.5 million passengers

Katrina Domingo, ABS-CBN News
Updated as of Jun 08 12:02 AM

(UPDATED) President Rodrigo Duterte on Thursday inaugurated a new P17.5-billion passenger terminal on the island's main airport here, hoping to lure as many 12.5 million passengers annually. Read more »

South Korea offers $1 billion for PH infra projects

Dharel Placido, ABS-CBN News
Posted at Jun 05 12:26 PM

South Korea has offered a $1 billion official development assistance fund to the Philippines to help boost the Southeast Asian nation’s infrastructure program, Finance Secretary Carlos Dominguez III said. Read more »

Inflation a fault line for 'Build, Build, Build' ambition

Reuters
Updated as of Jun 01 03:51 PM

In hundreds of hours of speeches during his nearly two years in office, Philippine President Rodrigo Duterte has rarely talked about the economy, something he says is best left to the "clever guys" in his cabinet. Read more »

OPINION: IMD ranking a wake-up call...but false alarm

Gil Beltran
Posted at May 30 01:12 PM

We do recognize the real issues such as red tape and insufficiency in infrastructure and we are working hard to address those. We are encouraged by the progress we have made even if these have not been captured by the ratings yet. Read more »

Lawmaker seeks easier permit process for small foreign contractors

Michelle Ong, ABS-CBN News
Posted at May 29 10:14 PM

The Philippines needs to cut the red tape for small foreign construction companies following President Rodrigo Duterte's directive last year to loosen 'restrictions' on certain investment areas, a lawmaker said Tuesday. Read more »

Mga bakanteng trabaho sa ‘Build, Build, Build’ projects, iaalok sa online portal

ABS-CBN News
Posted at May 29 12:05 PM

Tampok sa portal ang lahat ng employment opportunities mula sa lahat ng concessionaires at construction companies na nakikilahok sa "Build, Build, Build" projects ng gobyerno.  Read more »

'Jobs, Jobs, Jobs' portal opens as infra building advances

ABS-CBN News
Updated as of May 29 11:52 AM

The government on Tuesday launched an online portal for job openings that will be generated by its P8-trillion infrastructure program. Read more »