Construction

CITING national security issues, a House Committee urged the National Grid Corp. of the Philippines (NGCP) to undergo a “national security review” amid foreign ownership concerns over the country’s grid system. Albay Rep. Jose Ma. Clemente S. Salceda, chairman of the House Ways and Means Committee, said the NGCP could have violated the Philippine Anti-Dummy law, which bars foreigners from …

The Bases Conversion and Development Authority (BCDA) has teamed up with Department of Agriculture (DA) Regional Field Office III and the Pampanga State Agricultural University (PSAU) to establish a 10-hectare ethnobotanical learning facility in New Clark City, Capas, Tarlac. BCDA President and Chief Executive Officer (CEO) Engr. Joshua M. Bingcang on December 13, 2024 signed memoranda of agreement with the …

The Department of Education (DepEd) announced its partnership with the Land Registration Authority (LRA) to speed up the construction of school buildings in the country. Under the signed memorandum of agreement (MOA) with LRA, the DepEd will secure electronic land titles which will be converted from manually-issued ones. “Nakikita natin (We are seeing) that the lack of title signifies lack …

By Jinky Jorgio  President Ferdinand R. Marcos Jr. has demonstrated his commitment to improving the country’s infrastructure with the inauguration of the Panguil Bay Bridge, the longest water-spanning bridge in Mindanao.    Opened in September 2024, the 3.16-kilometer bridge connects Tangub City in Misamis Occidental to Tubod in Lanao del Norte, providing comfort and convenience to more than 10,000 commuters …

Office rentals in Metro Manila are projected to further decline in the coming year mainly due to an oversupply of vacant spaces, according to a global commercial real estate services firm. In its latest Asia Pacific Outlook 2025 report, Cushman & Wakefield said average headline rents are forecast to decline by an additional 3.20 percent in 2025. Average headline rents …

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 …