The Edsa bus carousel will soon be improved with the construction of bridgeways or concourses to ease access along the busway system’s 23 stations. Transportation Secretary Vince Dizon said that he observed that lines of passengers tend to build up at both the EDSA carousel and MRT-3 since most of the stations of the busway and the rail system are connected. …
Read More »Construction
SM Prime to invest P100B for opening of new malls
SM Prime Holdings Incorporated is investing P100 billion this year, with around a fifth of its capital expenditures going to three new malls that are opening this year and the renovation of some existing mall spaces. SM Prime also said it expects spending in the May elections to boost its growth this year after it attained a record profit of …
Read More »PAGCOR to fund upgrade of key PMA facilities
Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro Tengco recently pledged financial support for the construction and upgrade of key facilities at the Philippine Military Academy (PMA). During this year’s PMA Alumni Homecoming ceremony where he served as guest of honor, Tengco pledged funding for the construction of a new Candidate Control Liaison Office, a modern warfare laboratory, …
Read More »NKTI breaks ground for new outpatient facility
The National Kidney and Transplant Institute (NKTI) last week held a groundbreaking ceremony for its new outpatient services (OPS) building that will cater to more people in need of organ transplants and renal care services. NKTI executive director Dr. Rose Marie Liquete said that the state-of-the-art facility is expected to finish construction in 24 months or less. The OPS building …
Read More »Marcos grants tax relief to independent power producers
President Ferdinand ”Bongbong” Marcos Jr. has signed an executive order reducing and condoning real property taxes (RPTs), including interests and/or penalties assessed on power generation facilities of independent power producers under build-operate-transfer contracts with government-owned or controlled corporations (GOCCs). Executive Order No. 83 states that all liabilities for RPTs for calendar year (CY) 2024, including any special levies accruing to …
Read More »DMW eyes establishment of OFW hospitals nationwide
The Department of Migrant Workers (DMW) recently announced plans to establish OFW Hospital branches across the country to provide better healthcare access for overseas Filipino workers (OFWs) and their families. “Gusto rin namin palawigin yung OFW Hospital, para hindi lang siya sa San Fernando, Pampanga. We intend to develop branches so to speak, or units. You know how clinics are …
Read More »DPWH completes road improvement in Biliran town
The Department of Public Works and Highways (DPWH) has successfully addressed a long-standing issue on the unstable road section of Caraycaray-Calumpang Road with the completion of a slope protection structure in Sitio Lupa, Barangay Calumpang, Naval, Biliran province. In his report to DPWH Secretary Manuel Bonoan, Regional Office 8 Director Edgar B. Tabacon highlighted the significance of Caraycaray-Calumpang Road, which …
Read More »EDSA busway will not be removed, it will be expanded – DOTr
The efficient EDSA Busway will not be removed to cater to private vehicles traversing EDSA. This was the assurance of outgoing Transportation Secretary Jaime Bautista as he maintained that the dedicated lane for buses, which carry thousands of commuters daily, will not be removed but will rather be improved with the help of the private sector via the privatization of its …
Read More »Flood control project enhances safety in Hermosa
The Department of Public Works and Highways (DPWH) has completed the construction of a flood mitigation structure along Mabiga River in Hermosa, Bataan, to regulate the strong water currents and prevent soil erosion along the riverbanks and adjacent land area. The P72.4-million completed project in Barangay Mabiga, funded under the 2024 General Appropriations Act (GAA), spans 558.09 meters and consists …
Read More »DPWH completes road rehab in Isabela
The Department of Public Works and Highways (DPWH) has completed the rehabilitation of damaged paved roads along Daang Maharlika in the municipalities of Tumauini and Cabagan, Isabela. DPWH secretary Manuel Bonoan cited the report from DPWH Region II saying the road improvement project aims to enhance safety and durability in the key areas of the national highway, particularly in Lalaunan-Balug …
Read More »
The Market Monitor Minding the Nation's Business