News

Foreign investor interest in PH picking up amid infrastructure push

ABS-CBN News
Posted at Jan 31 12:06 AM

The Duterte administration continues to court foreign investors and, while numerous hindrances to inflows remain, the interest doesn't appear to be waning. Read more »

Duterte gov't can meet 'very aggressive' infrastructure targets: DPWH

Warren de Guzman, ABS-CBN News
Posted at Jan 30 02:34 PM

President Rodrigo Duterte's infrastructure program has "very aggressive" targets, but construction can be done within his term, an official said Tuesday. Read more »

Duterte government sells $2 billion in 10-year bonds

ABS-CBN News
Posted at Jan 19 09:53 AM

The Philippines on Friday sold $2 billion in 10-year bonds, reflecting the international market's "strong support" for President Rodrigo Duterte's government, the head of his economic team said. Read more »

Coming soon: Less traffic along EDSA, more bridges across Pasig River

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

Traffic along EDSA, one of Metro Manila's busiest thoroughfares, will improve when infrastructure projects are finished in the next few years, Public Works Secretary Mark Villar said Thursday. Read more »

Gov't breaks ground on Taguig transport hub seen to ease traffic

ABS-CBN News
Posted at Jan 17 05:43 PM

The government on Wednesday broke ground on a transportation hub in southern Metro Manila which it said could ease traffic by moving 4,000 provincial buses out of major roads. Read more »

PH, Japan to sign first tranche of Metro Manila subway loan

ABS-CBN News
Posted at Jan 17 03:47 PM

The Philippines expects to sign before the end of the month the first tranche of a loan agreement with Japan for Metro Manila's first ever subway system, the Department of Finance said Wednesday. Read more »

Big money for PH projects, no access to all documents

Karol Ilagan, Philippine Center for Investigative Journalism
Updated as of Jan 12 08:59 AM

The PEA-Amari and Textbook Scams in the 1990s, the Fertilizer Fund Scam, and the botched NBN-ZTE and North Rail deals in the 2000s, the Pork Barrel Scam in 2013, and the Dengvaxia controversy last year are just a few examples of why procurement, a major government undertaking, is fraught with big risks, too. Read more »

PH seals 2 ADB loans for Mindanao infra, market reforms

ABS-CBN News
Posted at Jan 11 12:30 AM

MANILA - The Philippines and the Asian Development Bank (ADB) on Wednesday signed a $380-million loan agreement to improve Mindanao's infrastructure.    Read more »

Metro Manila flood control project may start in Jan, gov't says

ABS-CBN News
Posted at Jan 09 04:03 PM

A $500-million flood control project in the capital can be implemented in January, the Department of Finance said Tuesday. Read more »

San Miguel set to begin construction of C6 expressway

ABS-CBN News
Posted at Jan 08 07:20 PM

MANILA - San Miguel Corp. (SMC) on Monday said it is set to begin construction of a new expressway that will connect Taguig City to Quezon City. Read more »

Tax reform to raise P786 billion in 5 years: finance chief

ABS-CBN News
Posted at Jan 08 12:09 PM

Tax reform will help raise P786 billion in revenue over 5 years, helping raise funds for President Rodrigo Duterte's massive infrastructure overhaul, one of his economic managers said Monday. Read more »

Europe casts a wary eye on China's Silk Road plans

Jacques Klopp, Agence France-Presse
Posted at Jan 07 01:08 PM

Depending on who you ask in Europe, China's colossal East-West infrastructure program is either an opportunity or a threat -- and when French President Emmanuel Macron visits next week, Beijing will be watching to see how keen he is to jump on board. Read more »

Mas maluwag na Laguna Lake Highway asahan ngayong 2018: Villar

ABS-CBN News
Posted at Jan 03 11:50 AM

Inaasahang makukumpleto sa gitna ng taon ang rehabilitasyon ng Laguna Lake Highway, na maaaring kalhatiin ang 1-oras na biyahe mula Taytay, Rizal hanggang Bicutan, sinabi ni Public Works Secretary Mark Villar, Miyerkoles.    Read more »

2018 economic outlook: How PH can sustain momentum

Cathy Yang, Edson Guido, Bruce Rodriguez and Warren de Guzman, ABS-CBN News
Posted at Jan 03 08:27 AM

The growth momentum of the Philippine economy in 2018 rests on the government's capacity to implement twin initiatives to reform the tax system and rebuild the country's infrastructure, an economic manager said. Read more »

Which stocks should you buy in 2018?

ABS-CBN News
Updated as of Jan 02 12:19 PM

Consumer and banking stocks are poised to benefit this year from the government's tax reform and infrastructure programs, an analyst said. Read more »

DPWH: Metro Manila traffic may get worse in 2018

ABS-CBN News
Posted at Dec 30 01:51 AM

Metro Manila traffic may get worse as the government's massive infrastructure program takes off next year. Read more »

Palace trumpets accomplishments in yearend report

Dharel Placido, ABS-CBN News
Posted at Dec 26 08:16 PM

MANILA - From its anti-drug and anti-corruption campaigns to tax reform and its infrastructure push, Malacañang on Tuesday put the spotlight on government's gains towards improving the lives of Filipinos and fulfilling the Chief Executive's campaign promises. Read more »

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 »