News

Aboitiz Construction looks to China for expansion

ABS-CBN News
Updated as of Dec 18 04:08 PM

The Aboitiz Group said Monday its construction arm is looking to China to help expand its business, as it bets on the government's infrastructure program. Read more »

NEDA says martial law in Mindanao won't have negative effect on businesses

ABS-CBN News
Posted at Dec 15 03:33 AM

The Bangko Sentral ng Pilipinas also expresses optimism in the country's economic status next year. Read more »

'Build, Build, Build' program seen to drive 2018 GDP growth: economist

ABS-CBN News
Posted at Dec 14 09:07 PM

Swiss investment bank UBS on Thursday said rising infrastructure investments under the Duterte administration's "Build, Build, Build" program may provide further lift to the country's growing economy. Read more »

Megawide, India's GMR lead bids for Clark airport expansion

Reuters
Posted at Dec 14 06:24 PM

A consortium of the Philippines' Megawide Construction Corp and India's GMR Infrastructure Ltd has emerged as the front-runner to upgrade an airport north of Philippine capital Manila, bid authorities said on Thursday. Read more »

Bicam-approved tax reform to generate P92 billion

Karen Lema and Enrico Dela Cruz, Reuters
Updated as of Dec 14 03:39 PM

Congress approved late Wednesday a tax reform bill President Rodrigo Duterte needs to push ahead with his economic agenda, with the measure expected to raise $1.8 billion in revenues in its first year. Read more »

12 to 15 major infra projects to roll out in 2018, says NEDA

Michelle Ong, ABS-CBN News
Posted at Dec 14 03:24 PM

The National Economic and Development Authority (NEDA) board is targeting the approval of 26 projects worth P1-trillion before 2017 ends, a sign of the administration's commitment to rev up its infrastructure program.  Read more »

Connections

Jonathan Cellona, ABS-CBN News
Posted at Dec 13 07:03 PM

Workers for a telecommunications company pull a cable for installation in Batasan Road area in Quezon City on Wednesday. Telecommunications companies continue to invest in infrastructure to catch up with the demands of the growing population connected to the internet. Read more »

7 firms eye 'super consortium' for NAIA modernization

ABS-CBN News
Posted at Dec 05 09:07 PM

Seven of the country's biggest corporations eye forming a 'super consortium' for the rehabilitation and modernization of the Ninoy Aquino International Airport (NAIA), a source familiar to the matter said on Tuesday. Read more »

Contractor optimism falls lowest in 5 years

ABS-CBN News
Posted at Nov 29 03:28 AM

Contractor optimism falls to its lowest in five years, despite business confidence in the country rising to its highest in 2017.  Read more »

Gov't should build ICT infra, but not become new telco, say analysts

ABS-CBN News
Updated as of Nov 23 01:30 PM

The government should provide the backbone for another telecommunications company but should not aim to be another telco, two ICT reform advocates said on Wednesday.  Read more »

Villar: MPI submitted unsolicited proposal to extend CALAX

ABS-CBN News
Posted at Nov 23 01:47 AM

The Department of Public Works and Highways and the Public-Private Partnership Center are doubling efforts to stay on track with various construction projects funded by the private sector and official development partners. Read more »

SM, Ayala, Metro Pacific infra pitches under review: Villar

Warren de Guzman, ABS-CBN News
Posted at Nov 22 12:01 PM

The government is reviewing several unsolicted proposals for infrastructure projects, Public Works and Highways Secretary Mark Villar said Wednesday. Read more »

Duterte wants to 'get things done' on infrastructure: budget chief

ABS-CBN News
Posted at Nov 14 11:30 AM

President Rodrigo Duterte "wants to get things done" when it comes to his infrastructure projects, one of his economic ministers said Tuesday. Read more »

Manila Subway project moves forward as Japan, PH exchange notes

Dharel Placido, ABS-CBN News
Updated as of Nov 14 10:35 AM

The Philippines and Japan on Monday exchanged notes on Japanese assistance for infrastructure, including Metro Manila's first subway.   Read more »

Billionaire Razon: PH must change 'culture of how to get things done'

ABS-CBN News
Updated as of Nov 13 01:37 PM

The government needs to change the "culture of how to get things done" to move the economy forward and attract more investments, billionaire port and gaming mogul Enrique Razon said Monday. Read more »

China's Silk Road revival hits the buffers

Sam Reeves and Dessy Sagita, Agence France-Presse
Updated as of Nov 12 05:08 PM

From a stalled Indonesian rail project to an insurgency-threatened economic corridor in Pakistan, China's push to revive Silk Road trade routes is running into problems that risk tarnishing the economic crown jewel of Xi Jinping's presidency. Read more »

Metro Manila Subway project 'on track,' transport dept says

ABS-CBN News
Updated as of Nov 08 09:09 AM

The Philippine capital's first ever subway is "on track," with the groundbreaking scheduled in the fourth quarter of 2018, the Department of Transportation said Wednesday. Read more »

Gov't settles dispute with China firm over Northrail contract

ABS-CBN News
Posted at Nov 06 11:08 PM

A court case that could hamper the progress of the PNR Manila to Clark Railway project has been settled, the government said on Monday. Read more »

SMC looks to expand SLEX, Skyway, NAIAex

ABS-CBN News
Posted at Nov 01 03:22 PM

San Miguel Corporation said Wednesday it was waiting for the government's go-signal to implement expansion plans for several tollways. Read more »

Duterte: Japan to help PH realize its infra dream

Dharel Placido, ABS-CBN News
Posted at Nov 01 01:06 AM

President Rodrigo Duterte on Tuesday came home from his second visit to Japan, touting Tokyo’s reaffirmation of its commitment to help Manila realize its dream of achieving the “golden age of infrastructure” that will match its fast-growing economy. Read more »