News

Panama studies building train to Costa Rica with China

Marco Aquino, Reuters
Updated as of Apr 15 09:20 AM

Panama is considering building a passenger train to Costa Rica with China, a project that would require an initial investment of $5 billion, Panama's President told Reuters in an interview, a sign of the Asian country's growing interest in Latin America. Read more »

Philippines' economic growth may surpass China's this year: Pernia

ABS-CBN News
Posted at Apr 13 05:31 PM

MANILA – Socioeconomic Planning Secretary Ernesto Pernia on Friday said the country’s economic growth this year could surpass China's 6.9 percent growth in 2017 and the World Bank’s forecast of 6.7 percent.   Read more »

PH trade deficit widens as exports fall, imports rise double-digit

ABS-CBN News
Updated as of Apr 11 04:33 PM

The Philippine trade deficit reached $3.06 billion in February according to the exports and imports data released by the Philippine Statistics Authority on Wednesday. Read more »

Ex-envoy fears PH headed to Chinese debt trap

ABS-CBN News
Posted at Apr 10 10:06 AM

A former ambassador on Monday said he fears the Philippines is headed to a debt trap as the country seeks for more Chinese loans to boost the administration's P8-trillion infrastructure push in the next 4 years. Read more »

Mega Manila Subway underway with 'Build, Build, Build'

Text by Jessica Fenol, infographic by Pamela Ramos, ABS-CBN News
Posted at Apr 07 06:21 AM

Among the centerpieces of President Rodrigo Duterte's "build build build" is the first ever subway in Metro Manila, which is expected to provide relief to millions of commuters. Read more »

OPINION: The failure of foresight

Buddy Gomez — Cyberbuddy
Posted at Apr 06 09:43 PM

The last and only available open spaces within Metro Manila that can still provide a much-desired measure of solace from the hourly and daily hellish road congestion we suffer from are to be found in the banks of Pasig and Marikina Rivers. Read more »

San Miguel's Ang proposes Caticlan to Boracay bridge

ABS-CBN News
Posted at Apr 05 04:36 PM

The temporary closure of Boracay Island is a "short-term pain," but still a "step in the right direction," said San Miguel president Ramon Ang, who operates an airport on the island. Read more »

ANALYSIS: No fun coping with Asia’s fastest-rising consumer prices

Jose Galang -- Your Business
Posted at Apr 05 01:52 PM

Inflation in the Philippines is now fastest among Asian economies.  Read more »

P900 billion worth of infra projects up for NEDA board OK

Warren de Guzman, ABS-CBN News
Posted at Apr 03 07:38 PM

MANILA - Nine infrastructure projects worth P900 billion are up for the National Economic and Development Authority (NEDA) board's approval, including an unsolicited proposal to build an airport in Bulacan, an official said on Tuesday. Read more »

DBM to launch improved gov't electronic procurement system

ABS-CBN News
Posted at Mar 28 01:20 AM

As more companies, foreign and local, look to take part in President Rodrigo Duterte's ambitious infrastructure roll out, the budget department now wants to ensure procurement policies don't get in the way of progress. Read more »

PH eyes $6.22-B domestic borrowing in Q2

ABS-CBN News
Posted at Mar 27 05:10 PM

The Philippines' Bureau of the Treasury plans to raise as much as 325 billion pesos ($6.22 billion) from the sale of treasury bills and bonds in the second quarter, 35 percent more than it had programmed for the current quarter, it said on Tuesday. Read more »

Meet the man behind the 'Build Build Build' pageant question

Liza Reyes, ABS-CBN News
Posted at Mar 27 09:28 AM

He recently threw the question to Bb. Pilipinas candidate Sandra Lemonon on what her insights were on the government’s Build Build Build (BBB) program, to which the aspiring queen answered she had none.  Read more »

Free WiFi in provinces hits snag as most bids rejected

ABS-CBN News
Updated as of Mar 26 08:01 PM

The government's push to provide free WiFi in the provinces hit a snag on Monday after the Philippine International Trading Corporation (PITC) rejected most of the submitted bids.  Read more »

NAIA Consortium defends ‘tweaks’ to airport upgrade proposal

ABS-CBN News
Updated as of Mar 26 09:29 AM

The super consortium bidding to upgrade the Ninoy Aquino International Airport on Monday brushed aside allegations it was revising its unsolicited proposal to the government. Read more »

Now she knows: Bb. Pilipinas candidate gets 'Build, Build, Build' briefing

Arianne Merez, ABS-CBN News
Updated as of Mar 23 06:28 PM

Earlier this week, the Department of Transportation (DOTr) thanked Sandra Lemonon for inspiring the agency to promote the infrastructure program even more. Read more »

GMR-Megawide hits 'super consortium' over 'tweaks' to NAIA proposal

ABS-CBN News
Posted at Mar 22 06:17 PM

The Filipino-Indian consortium bidding to upgrade the Ninoy Aquino International Airport said on Thursday it was alarmed over a rival group's move to "tweak" the unsolicited proposal it submitted to the government.  Read more »

Iniaalok na pagpapaganda ng NAIA, inilantad ng 'super consortium'

ABS-CBN News
Posted at Mar 21 11:37 PM

Pitong malalaking kompanya ang nagbuklod at nagbigay ng mga panukala sa pamahalaan para sa ikagaganda ng NAIA.  Read more »

Binibini's clueless answer to 'Build, Build, Build' question prompts DOTr campaign

ABS-CBN News
Posted at Mar 21 08:41 PM

A Binibining Pilipinas contestant's lack of insight into the government's 'Build, Build, Build' infrastructure program has prompted the Department of Transportation to promote it even more.   Read more »

'Super consortium' details P350-billion plan to upgrade NAIA

Jacque Manabat, ABS-CBN News
Updated as of Mar 21 10:19 PM

A consortium of the country's largest conglomerates on Wednesday presented more details on how they plan to transform the Ninoy Aquino International Airport (NAIA) into a premier gateway terminal or a regional hub.  Read more »

Metro Manila Subway: PH, Japan sign loan deal

ABS-CBN News
Updated as of Mar 16 04:09 PM

The Philippines and Japan signed on Friday the first tranche of 104.5 billion yen (P51.3 billion) loan for Metro Manila's first subway, one of the centerpiece projects of President Rodrigo Duterte's infrastructure overhaul, according to a government statement. Read more »