Construction

By Jinky Jorgio THE Philippine Economic Zone Authority (PEZA) expects to end 2024 with approved investments of around P215 billion, the highest in seven years. PEZA is also aiming for a nine to 10 percent increase in investment approvals next year, following the approval of the  CREATE MORE  and a new free trade agreement (FTA) with South Korea. PEZA director …

THE  Philippine Amusement and Gaming Corporation (PAGCOR) has entered into a 25-year lease agreement with SMC Infrastructure, a subsidiary of Ramon S. Ang-led San Miguel Corp., for the 15-hectare Nayong Pilipino property. The agreement, finalized last December 12, marks a significant step toward enhancing infrastructure and government operations. As part of the deal, 13 hectares of the property will be …

The National Economic and Development Authority (NEDA) Board approved two projects worth P63.2 billion last week, as well as the release of an executive order (EO) that will implement the tariff commitments under the Philippines-South Korea free trade deal. The EO will cover Manila’s tariff commitments under the Philippines-South Korea Free Trade Agreement (FTA), which was sealed in September last …

THE Sta. Barbara Central School in Zamboanga City is the newest recipient of a new school building from SM Foundation.  The pilot school of a special program of DepEd, the Madrassah Educational Program gets a two-storey, four-classroom building which will house among others the ALIVE Program (Arabic Language and Islamic Values Education) of DepEd. There are 3,000 enrollees in Sta. …

Carousell, the popular multi-category classifieds, and ecommerce marketplace, proudly announced the winners of the 2024 Carousell Property Awards, an annual celebration honoring the trailblazers and innovators shaping Philippine real estate.  Now on its fourth year, the awards celebrate developers, projects, and agencies across four categories: Development Awards, Developer Awards, Brokerage Firms Awards, and Special Awards. “The Carousell Property Awards represent …

THE United States Peace Corps, in collaboration with the U.S. Agency for International Development (USAID), hosted its second workshop on Marine Protected Area (MPA) management in Puerto Galera, Oriental Mindoro from Decembr 2-6.  The event brought together 23 Peace Corps Volunteers, 47 local government partners, and 12 fisherfolk leaders from 24 communities across the Philippines to learn new strategies on …

By Jinky Jorgio Recognizing the worsening traffic situation in the metropolis, the idea of living close to work has become more than just a convenience, it’s an economic necessity. Recent data from the TomTom Traffic Index highlighted Metro Manila’s position as one of the most traffic-congested cities globally, with commuters spending an average of 25 minutes and 30 seconds to …

Ayala  Land, Inc. (ALI) has raised P2.78 billion through the sale of 75 million shares in its real estate investment trust  unit, AREIT, Inc. In a regulatory filing, ALI said the shares, priced at ?37 each, represent approximately 2.33 percent of AREIT’s total outstanding shares. The offering was arranged by BPI Capital Corporation and UBS AG Singapore Branch, with demand …

The Philippines and Japan reaffirmed their strong partnership in advancing infrastructure development and exchanging expertise in innovative road and tunnel technologies during the 3rd Workshop on Technical and Business Cooperation for Road Construction and the Operation & Maintenance (O&M) of Road Tunnels and Related Facilities. Department of Public Works and Highways (DPWH) Senior Undersecretary Emil K. Sadain, together with Ministry …

Manila Water signed a power purchase agreement (PPA) with solar power company MSpectrum at Manila Water’s Main Office in Quezon City, early this month in pursuit for a sustainable energy consumption program. The PPA — which involves MSpectrum installing the Phase 2 solar power project of Manila Water at 10 facilities — is part of the water company’s efforts to …