Topic: infrastructure

Economic growth picks up, exceeds forecast in 2nd quarter

Economic growth picks up, exceeds forecast in 2nd quarter

ABS-CBN News
Updated as of Aug 17 02:29 PM

The economy grew 6.5 percent in the second quarter, picking up from the previous quarter and exceeding economists' forecasts as President Rodrigo Duterte moved to build P8 trillion in new infrastructure, official data released Thursday showed. Read more »

Skyway

Skyway

Mark Demayo, ABS-CBN News
Posted at Aug 09 07:08 PM

Workers continue to construct a section of the Metro Manila Skyway in Makati City on Wednesday. DPWH Secretary Mark Villar recently announced that they aim to open a section of the system up to Quirino Avenue by the second quarter of 2018. Read more »

ANALYSIS: Infrastructure becomes obsolete, education is forever

ANALYSIS: Infrastructure becomes obsolete, education is forever

Jose Galang - Your Business
Updated as of Aug 07 05:39 PM

Instead of weeping over the newly enacted law mandating free tuition and other related subsidies for students in the country’s 114 state universities and colleges (SUCs), the administration’s economic managers should now promptly look for ways to raise money to implement President Duterte’s audacious move. Read more »

Duterte's 'Build, Build, Build' plans hit Philippine peso

Duterte's 'Build, Build, Build' plans hit Philippine peso

Karen Lema, Reuters
Posted at Aug 06 01:04 PM

Philippine construction firm Teravera Corp is planning to raise a fourth dollar loan in a year, after borrowing around P125.7 million ($2.5 million) to buy dozens of excavators, road rollers and dump trucks from China, South Korea and Japan. Read more »

ANALYSIS: As gov’t spends big, the people tighten belts

ANALYSIS: As gov’t spends big, the people tighten belts

Jose Galang - Your Business
Posted at Jul 26 07:29 PM

Usually, when economic reforms are initiated, everyone is urged to bite the bullet, with the government leading the way through its own expenditure cuts. Under the tax reform scheme currently being promoted by the economic managers of the Duterte administration, citizens in the middle class and the poor sectors will be asked to make sacrifices and pay more taxes, but the government will be spending big and go on a foreign-borrowing binge for its grandiose “build, build, build” projects. Read more »

PH won't fall into debt trap due to Chinese loans: Pernia

PH won't fall into debt trap due to Chinese loans: Pernia

Pia Gutierrez, ABS-CBN News
Posted at Jul 20 06:01 PM

Socioeconomic Planning Secretary Ernesto Pernia on Thursday assured the public amid concerns that the Philippines may fall into a debt trap by accepting Chinese loans to finance massive infrastructure projects of the Duterte administration.   Read more »

Push for MRT-7 completion

Push for MRT-7 completion

ABS-CBN News
Posted at Jul 20 11:52 AM

A worker excavates a construction site of the MRT-7 in Quezon City, Thursday. Cabinet secretaries and other government officials headed by Transportation Secretary Arthur Tugade inspected the project and promised to finish the railway project by 2019 as part of the administration’s accelerated infrastructure program. Read more »

Duterte's 50 first-SONA Promises

Duterte's 50 first-SONA Promises

Dharel Placido, ABS-CBN News
Updated as of Jul 21 11:03 PM

President Rodrigo Duterte made 50 promises in his first State of the Nation Address (SONA). Find out whether they've been done, not done, or ongoing. Read more »

DPWH, DOTr get budget boost amid Duterte’s infra push

DPWH, DOTr get budget boost amid Duterte’s infra push

Dharel Placido, ABS-CBN News
Updated as of Jul 14 07:43 PM

The Department of Public Works and Highways (DPWH) and Department of Transportation (DOTR) got some of the biggest increases in next year’s proposed national budget, as the government aims to bring Philippine infrastructure to “golden age.” Read more »

OPINION: ‘Build, build, build’ borrowings can weaken economy

OPINION: ‘Build, build, build’ borrowings can weaken economy

Jose Galang - Your Business
Posted at Jul 12 08:06 PM

In moving to load up on large amounts of foreign debt to finance an overwhelming number of big-ticket infrastructure projects, the economic managers of the Duterte administration seem to be making the same mistakes committed by the Marcos dictatorship in the 1970s that eventually drove the economy into bankruptcy in the early 1980s. Read more »

Why the peso is among Asia's weakest currencies

Why the peso is among Asia's weakest currencies

ABS-CBN News
Updated as of Jul 11 12:57 AM

Import requirements from an unprecedented infrastructure overhaul has caused the peso to fall to its lowest level against the dollar in a decade, making it the worst performing currency in Asia so far this year, analysts said. Read more »

First 678910