News

US tax cuts will reduce incentive to build affordable housing-campaigners

Gregory Scruggs, Reuters
Posted at Dec 24 07:55 AM

The new US tax bill could have a negative impact on the production of affordable housing at a critical time of rising demand across the country, according to low-income housing advocates. Read more »

Palace denies hand in budget cuts for opposition solons

Dharel Placido, ABS-CBN News
Updated as of Dec 21 10:47 PM

Malacañang on Thursday said it had nothing to do with Congress’ move to slash the budget of lawmakers deemed unfriendly towards the administration. Read more »

7 top firms team up to rehabilitate NAIA

ABS-CBN News
Updated as of Dec 21 02:44 PM

Seven of the country's biggest conglomerates have teamed up to submit to government an unsolicited proposal to rehabilitate, operate and maintain the Ninoy Aquino International Airport, one of the proponents said Thursday. Read more »

Speaker scrapped opposition solons' projects: Lagman

RG Cruz, ABS-CBN News
Updated as of Dec 21 02:22 AM

(UPDATED) House Speaker Pantaleon Alvarez ordered the removal of projects in the constituencies of "critical" and "wayward" lawmakers from the 2018 national budget, Albay Rep. Edcel Lagman alleged Wednesday.  Read more »

Megawide-GMR secures Clark Airport project

ABS-CBN News
Updated as of Dec 19 12:52 PM

The government said Tuesday it awarded the rights to build the new Clark International Airport terminal to the Megawide-GMR Consortium. Read more »

PPP Center to offer small LGU projects in bundles

ABS-CBN News
Posted at Dec 19 01:15 AM

Public-private partnership, a buzzword during the Aquino administration, may seem like a thing of the past, with a big drop in its number of projects.  Read more »

BOI reports highest investment approvals in 50 years

ABS-CBN News
Posted at Dec 18 10:16 PM

MANILA - The Board of Investments (BOI) has reported an all-time high P616.7 billion in investment approvals this year, the highest in the agency's 50-year history.  Read more »

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 »