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 …
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CREC secures P4B from LANDBANK financing to accelerate Central Luzon solar expansion
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 …
Read More »President Marcos inaugurates Benoni Port terminal building, landing station
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 …
Read More »BUCOR eyes prison closure in Muntinlupa
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 …
Read More »MIND Act deliberations underway
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 …
Read More »Mandarin Oriental set to open in December
REAL estate giant Ayala Land Inc. will officially reopen the Mandarin Oriental Manila in Makati City on Dec. 14, 2026, marking the luxury hospitality brand’s return to the country’s financial capital 12 years after closing its original location. “When you go on the website, you’ll see that we’re open for business and we are taking reservations as of Monday, the …
Read More »OCD to push for strict building and structural standards
THE Office of Civil Defense (OCD) pushes for the implementation of the country’s building and structural standards after the magnitude 7.8 earthquake hit Mindanao. OCD spokesperson Junie Castillo said that while the government’s immediate focus was relief and emergency response, long-term recovery should include the rehabilitation of critical facilities and stricter attention to the National Building Code and the Structural …
Read More »Nine IFPs to be completed by end of year
THE Department of Economy, Planning, and Development targets to complete nine infrastructure flagship projects (IFPs) worth a combined P215.95 billion by the end of 2026 as it seeks to regain momentum in its investment agenda. As of the first quarter, data showed that the largest project scheduled for completion this year is the Department of Energy’s P51.72-billion Malampaya Phase 4 …
Read More »Property consultant asks PEZA to lift green building accreditation framework
PROPERTY consultant Savills Philippines urged the government to lift its moratorium on economic zone accreditations for information technology parks and buildings in Metro Manila and proposed that new incentives be granted exclusively to environmentally-sustainable developments. The real estate solutions provider said in a report released in June 2026 titled “Lifting the PEZA Metro Manila Moratorium: A Green Building Accreditation Framework” …
Read More »DENR eyes more green spaces in NCR
METRO Manila, the country’s bustling, energetic, and highly populated capital region, is dominated by closely-knit houses, high-rise towers, highways, and malls, but a detailed mapping by the Department of Environment and Natural Resources (DENR) instills hope that green spaces will persist to provide fresh air to its residents and visitors. The National Capital Region (NCR) is often described as a …
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