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PHL economy poised to sustain growth momentum

By Melissa Luz T. Lopez, Senior Reporter THE Philippine economy will maintain an above-6% expansion in 2018 supported by “broad-based” growth drivers, a local think...

MPIC sets P653-B capex for next 5 years

By Arra B. Francia, Reporter SYDNEY, AUSTRALIA — Metro Pacific Investments Corp. (MPIC) will be setting aside P653 billion in capital expenditures for the next...

Asian leaders cite connectivity gaps

By Krista Angela M. Montealegre National Correspondent ALLIES of Southeast Asian nations are ready to help foot the mammoth bill needed to plug the region’s infrastructure...

Metro Pacific buys into Vietnamese water company

PHILIPPINE-listed infrastructure giant Metro Pacific Investments Corp. (MPIC) has forayed into the Vietnamese water market thru a P615-million deal that gives it a 45%...

DoF confident infra will sustain 7% GDP growth

THE GOVERNMENT is confident the economy will sustain a 7% growth rate over the medium term, the Finance department said. “The 6.5% growth for the...

AEV pins hopes on gov’t projects to lift cement sales

By Arra B. Francia, Reporter ABOITIZ EQUITY Ventures, Inc. (AEV) is banking on the implementation of the government’s infrastructure projects to boost its cement business...

PPP to continue to take back seat to state funding —...

NOTWITHSTANDING calls by Philippine and foreign business groups for the government to put public-private partnership (PPP) arrangements back at the forefront of its infrastructure...

Key infra projects part of Japanese assistance

KEY INFRASTRUCTURE projects are expected to be given a boost by Japan’s financial assistance pledged in the course of President Rodrigo R. Duterte’s ongoing...

Group on infrastructure hurdles formed

THE GOVERNMENT has formed an interagency group “to address bottlenecks and gaps in the country’s infrastructure development,” the National Economic and Development Authority (NEDA)...

Duterte’s Japan agenda: infrastructure, Marawi rebuild

PRESIDENT Rodrigo R. Duterte’s visit to Japan next week will tackle issues like infrastructure development, Marawi reconstruction, and security and counter-terrorism, officials said. The Department...

Gov’t infra spending rises 15.4% boosted by DPWH

GOVERNMENT infrastructure spending and other capital outlays grew 15.4% in the third quarter as public works projects picked up momentum, the Department of Budget...

State outlays for transport, hospitals, schools rise

GOVERNMENT disbursements on infrastructure and other capital outlays grew by nearly a fifth in August from last year, according to data the Department of...

Tan’s AGI wants to build monorail from Fort to MRT

By Arra B. Francia, Reporter ALLIANCE GLOBAL Group, Inc.’s (AGI) latest push for diversification will be into the infrastructure sector, starting with the submission of...

Government to borrow less next quarter

THE GOVERNMENT plans to raise up to P150 billion from domestic lenders next quarter, 23% less than the P195 billion programmed in the three...

S&P cites banks as infrastructure support

By Melissa Luz T. Lopez Senior Reporter PHILIPPINE banks are well-positioned to support lending for the government’s big-ticket infrastructure projects, an analyst at S&P Global Ratings...

ODA loan use better in first half

THE GOVERNMENT improved its use of official development assistance (ODA) loans last semester from a year ago, according to the National Economic and Development...

Approval process for infrastructure streamlined at NEDA Board level

ECONOMIC MANAGERS will seek to identify and eliminate redundant approval processes for government projects, in order to fast-track their implementation. “Our goal here is to...

Economic managers plan China infra roadshow in late Sept.

CABINET OFFICIALS will visit China on Sept. 27-29 in a bid to attract more potential infrastructure investors as well as to review the progress...

Economic team to visit Tokyo ahead of November signings for Japan-ODA...

THE GOVERNMENT’S economic and infrastructure team will be visiting Tokyo this month to review the progress of infrastructure projects to be funded by the...

Panay-Guimaras-Negros bridge pre-feasibility study starts

ILOILO CITY — State-owned China Communications Construction Co., Ltd. (CCCC) has started the pre-feasibility study for the P27.156-billion bridge that will link the islands...

NEDA OK’s subway, major roads, bridges

FOUR MORE flagship projects cumulatively worth P386.248 billion, led by the country’s first subway that will run in Metro Manila, under the government’s P8.44-trillion...

Gov’t to ease foreign cap in construction

THE GOVERNMENT is looking to allow foreign contractors to take on public construction projects under a more liberal Foreign Investment Negative List (FINL) in...

Not enough warm bodies for Build! Build! Build! program

By Raymond Franco Oppositors to the tax reform bill being pushed in Congress, as embodied in House Bill (HB) 5636, are quite numerous. In addition,...

Big infrastructure projects near final OK

THREE big-ticket infrastructure projects -- including a plan to build Metro Manila’s first subway -- will soon be up for President Rodrigo R. Duterte’s...

Foreign business leaders press government on infrastructure agenda

FOREIGN INVESTORS want the government to pick up the pace on infrastructure development, fearing that President Rodrigo R. Duterte may run out of time...

SEC approves JG Summit’s new infrastructure unit

THE Gokongwei group has established a new company that would handle its investments in infrastructure. In a disclosure to the stock exchange, JG Summit Holdings,...

Project bonds not needed ‘for now’

By Melissa Luz T. Lopez Senior Reporter THE GOVERNMENT is not keen on offering bonds to fund big-ticket infrastructure projects, National Treasurer Rosalia V. De Leon...

JICA assessment of Davao infrastructure due October

DAVAO CITY — A team funded by the Japan International Cooperation Agency (JICA) is set to present within the next two months its initial...

Gov’t auctions to be limited to single rebidding — NEDA

THE GOVERNMENT will only allow a maximum of one rebidding in the procurement process, and will shorten the bidding period in public-private partnership (PPP)...

PPP Center to assist LGUs in crafting projects

THE PUBLIC-PRIVATE Partnership (PPP) Center signed an agreement with a group of local government units (LGUs) last Tuesday in a bid to help them...

Tax reform, infrastructure spending seen to boost PHL stocks

By Krista Angela M. Montealegre, National Correspondent LOCAL equities could enjoy an upward re-rating should the government successfully implement its tax reform and accelerated infrastructure...

Infrastructure spending target doubted

AN international think tank doubts that the government plan to sharply raise infrastructure spending is doable, citing the slow rollout of projects and concerns...

MPIC mulls bid to operate Clark airport terminal

METRO PACIFIC Investments Corp. (MPIC) is interested in taking over the operations and maintenance (O&M) of Clark International Airport’s proposed new terminal when the...

Gov’t debt may top P7 trillion in 2018 amid infra push

THE GOVERNMENT’S outstanding debt may breach the P7 trillion mark next year, according to the Treasury bureau. Amid preparations for the Budget Expenditures and Sources...

HK’s mortgage lenders do business in the shadow

HONG KONG -- When Horan Fu decided to buy a 500-square-foot apartment for HK$7.4 million last year, the biggest draw was the developer’s offer...

Lanzhou positions itself as new Belt and Road economic hub

LANZHOU -- The city of Lanzhou signed 164 investment projects totaling more than RMB 111.4 billion during the 23rd Lanzhou Investment and Trade Fair...

London’s Grosvenor House hotel sold to Ashkenazy

SEATTLE -- Ashkenazy Acquisition Corp., the US real estate investor that recently bought a stake in New York’s Plaza Hotel, said that it acquired...

Filling Spaces (07/11/17)

Parkway Corporate’s top-offTHE FILINVEST group said it is on track to completing its office condominium Parkway Corporate Center by 2019 after a top-off ceremony...

Philippines, Japan firm up infrastructure partnership

THE COUNTRY’S economic team and its Japanese counterpart moved to streamline infrastructure implementation as they firmed up the list of Japan-funded projects during their...

Infrastructure spending picks up amid concerns

By Elijah Joseph C. Tubayan and Ian Nicolas P. Cigaral, Reporters STATE infrastructure and other capital outlays surged in May, according to the Department of...

7 projects lined up for funding by Korea Eximbank

THE Department of Finance (DoF) said it has identified seven projects to be funded by the $1 billion concessional loan offered by South Korea...

Singapore home prices extend decline on curbs

SINGAPORE -- Singapore home prices fell in the quarter ended June, extending the drop in property values to a record 15th quarter as most...

Asian crisis and more, Joy Nostalg savvy boss says find opportunity

WITHOUT taking his eyes off his smartphone, Jacinto Ng, Jr. walked into Nostalgia -- the dining lounge at the posh service apartment Oakwood Premier...

Controversial Moscow housing plan becomes law

RUSSIAN President Vladimir Putin on Saturday signed a controversial law authorizing the demolition of several thousand Soviet-era Moscow apartment blocks and the relocation of...

Cost of getting on the UK property ladder surges to record

LONDON -- First-time buyers in the UK property market are paying a record amount to purchase a home, with Londoners shelling out almost double...