Construction

PAG-IBIG Fund has partnered with Rockwell Land Corporation to make the developer’s residential properties more accessible to qualified Filipino homebuyers through affordable housing loans and special incentives. During the ceremonial signing of a memorandum of understanding (MOU) last week, Pag-IBIG Fund CEO Marilene C. Acosta said the partnership aims to bring homeownership within reach of more Filipino families. “Under our …

PRESIDENT Ferdinand Marcos Jr. has ordered the Department of Transportation (DOTr) and Department of Public Works and Highways (DPWH) to improve the country’s transport system, create an interconnected road network and build more bridges to lower logistics costs in the country and connect agricultural production areas to ports and businesses. During last week’s opening of the United Parcel Service (UPS) …

NLEX Corp.  said it has hit the 96% completion milestone for the NLEX-C5 Northlink Segment 8.2. The two-kilometer Segment 8.2 Section 1A is part of the 11.3-kilometer NLEX-C5 Northlink project, which connects Mindanao Avenue to C5/C.P. Garcia near Katipunan Avenue.  “We want to give motorists greater freedom not only in how they travel, but also in how they spend their …

FROM students studying at night to hospitals keeping critical equipment running, the Philippines called on ASEAN to ensure that the region’s energy cooperation delivers where it matters most, reliable and secure energy for its people. Energy Secretary Sharon S. Garin made the call as ASEAN Energy Ministers, business leaders, development partners, and international organizations gathered in Manila for the joint …

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 …