Construction

Metro Retail Stores Group Inc., the listed retail company of the Gaisano Group, is revisiting its network expansion plan and strategies to adapt to the changing preferences of Filipino consumers. Metro Retail chairperson Sherisa Nuesa said for next year, the company is looking to add 12 more stores in its network with a budget of around P5 billion to P10 …

By Jinky Jorgio President Ferdinand R. Marcos Jr. expressed optimism that the Universal Robina Corp.’s (URC) 10-hectare flour milling plant in Sariaya, Quezon would fuel economic growth, saying he expects it to shape the future of the Philippine food industry. “With this new plant, the URC has positioned itself as a key player in our nation’s food security, driving economic …

Double Dragon Properties Corp., a joint venture between billionaires Injap Sia and Tony Tan Caktiong, has issued the third batch of Golden Visas to unit owners at its Hotel 101-Madrid property, marking a significant milestone in the company’s expansion strategy. This follows the earlier issuance of two batches, demonstrating growing demand for Hotel101 units as a preferred investment option for …

Meralco PowerGen Corp.-led PacificLight Power Pte Ltd. (PLP) has submitted a bid to Singapore’s Energy Market Authority for the construction of a 600-megawatt (MW) combined cycle gas turbine (CCGT) power plant, officials said. The tender, submitted on Nov. 1, is under evaluation, with a decision expected by the end of 2024 or early 2025, PLP and Meralco PowerGen officials confirmed. …

The National Grid Corp. of the Philippines (NGCP) said that it has energized the 230-kilovolt (kV) Cebu-Bohol interconnection project (CBIP), which will address growing power demand in Bohol. In a statement last week, the grid operator said that the transmission project will play “a crucial role in improving transmission services and grid stability in the Central Visayas.” “It will also …

The Department of Public Works and Highways (DPWH) has completed a portion of the Baguio City Bypass Road Project, aiming to significantly reduce traffic congestion along Major Mane and Kennon Road. The newly-completed segment covers 0.44-kilometer of the 4.374-kilometer bypass road. This section features widened curves, concrete retaining walls, an open canal for water drainage, sidewalks, a curb, and a …

The Department of Public Works and Highways (DPWH) admitted that the completion of some flood control projects was delayed due to pending permits and right-of-way issues.  During the Senate’s budget hearing for DPWH, Sen. Aquilino “Koko” Pimentel III noted that based on a Commission on Audit (COA) report, there were “slippages in flood-control projects in the billions.” Senator Grace Poe, …

The Bases Conversion and Development Authority (BCDA) has started developing a 65-hectare in New Clark City that will be the new location of the Philippine Air Force’s  housing complex. In a statement, the BCDA said it broke ground on the project, which will be the relocation site for PAF housing, which is currently located in Air Force City at the …

The British Chamber of Commerce of the Philippines (BCCP) is bullish about prospects for collaboration with the Philippines on nuclear energy. The United Kingdom had just signed a civil nuclear energy deal with the US at the COP29, while the Philippines just hosted a nuclear supply chain summit earlier this month. “I mean President (Ferdinand) Marcos (Jr.) has indicated that …

By Jinky Jorgio President Ferdinand R. Marcos Jr. led the groundbreaking of the Meralco Terra (MTerra) Solar Project, which is set to be the largest integrated solar and battery storage facility in the world. In his speech during the ceremony in Gapan City, Nueva Ecija, Marcos said the landmark project would position the Philippines as a “leader in renewable energy.” …