Construction

The Department of Transportation (DOTr) is planning to spend ₱1.24 billion for the improvement of two regional airports aimed at upgrading capacity in response to increased demand for air travel. Last week, the DOTr invited firms to participate in the bidding process for airport upgrades in Tacloban and Busuanga, which are pegged at a combined ₱1.24 billion. Interested bidders for …

ACEN Corp., the listed energy platform of conglomerate Ayala Corp., reported first-half net profit surged more than fivefold to P3.9 billion, driven by new plant contributions, higher contracted sales and stronger domestic wholesale power prices. Consolidated revenues jumped 47% to P23.13 billion, the company said in a stock exchange filing. Attributable earnings before interest, taxes, depreciation and amortization increased 40% …

The Philippine Statistics Authority (PSA) reported wholesale prices of construction materials in the National Capital Region (NCR) in July. Data released by the PSA last week showed that the construction materials wholesale price index (CMWPI) in the NCR rose by 3.5 percent in July from 2.9 percent in the previous month. The PSA attributed the uptrend to concrete products, which …

The Gotianun Group’s holding company Filinvest Development Corp. (FDC) reported a one-percent decline in attributable net income to ₱7.36 billion for the first six months of 2026 from the ₱7.43 billion recorded in the same period last year due to lower earnings of its power and banking units. In a disclosure to the Philippine Stock Exchange (PSE) last week, FDC …

The Home Development Mutual Fund (Pag-IBIG Fund) housing loan has set its ceiling to P10 million as it expected to expand the pool of homebuyers in the mid-market residential segment, although sustained growth will depend on developer pricing, transport infrastructure, and integrated urban development. With this, market analysts see the move as a financing reform rather than “pricing catalyst”. Joe …

THE Aurora Pacific Economic Zone and Freeport Authority (APECO) is tapping the Public-Private Partnership (PPP) Center to fund feasibility studies for four priority projects that will support its Casiguran economic zone (ecozone). Gene Angelo P. Ferrer, officer-in-charge at APECO’s Business Development and Marketing Division, said the PPP Center’s Project Development and Monitoring Facility (PDMF) will fund the feasibility studies. APECO …

CITICORE Renewable Energy Corporation (CREC) has inked a 4.05 billion project finance loan facility agreement with LANDBANK to accelerate the completion of its two solar projects under Citicore Solar Embedded, Inc. (CS Embedded). The loan will finance the development of two 41-megawatt-peak (MWp) solar power plants, complemented with 53 mega-watt-hour (MWh) battery energy storage systems embedded within the distribution utility …

TOURISTS and passengers going to Camiguin Province will be welcomed with a new Benoni Port’s passenger terminal building (PTB) and Benoni Port Lightcraft Landing Station.  President Ferdinand Marcos Jr. last week inaugurated the port’s new and modern infrastructure as part of the government’s push to encourage tourist arrivals and boost local businesses in the province. Marcos, Jr. stressed the importance …

Bureau of Corrections (BUCor) Director General Gregorio Pio Catapang revealed that they are moving forward with plans to close the New  Bilibid Prison in Muntinlupa and redevelop the sprawling property into a commercial and government hub. Catapang Jr. said the bureau has completed its market sounding survey and is drafting the terms of reference for the proposed redevelopment. The plan …

The Committee on Economic Affairs, chaired by Sen. Risa Hontiveros, began deliberations on the proposed Master Plan on Infrastructure and National Development Act (MIND Act) last week. Senators noted that the government’s approach to infrastructure projects and programs is fragmented, politically motivated, and lacking the long-term vision necessary for genuine national progress. They believe that the measure would ensure efficient …