Construction

By Jinky Jorgio Aboitiz InfraCapital, Inc. will be awarded the P4.53-billion contract for the operations and maintenance of the new Bohol-Panglao International Airport. This was announced by Transportation Undersecretary Timothy John Batan after no bids were received during the November 11 deadline. “No challenge has been submitted by any challenger during the comparative challenge period for this project,” said Batan, …

The Asian Development Bank (ADB) has approved up to almost USD 1.7 billion in funding for the Laguna Lakeshore Road Network Project (LLRN) to promote regional connectivity and reduce travel time between Manila and Laguna province. In a statement, the ADB said the amount will be used to help build a climate-resilient 37.5-kilometer (km) expressway along the lake.  The ADB …

Manila Manila Electric Company (Meralco), led by Manny Pangilinan, is advancing its nuclear energy strategy through new collaborations with top French institutions. Alongside the Meralco Power Academy (MPA), the company recently visited Université Paris-Saclay (UPS) and several leading nuclear research bodies in France to explore partnerships aimed at bolstering the Philippines’ energy future. Meralco executives, including EVP Ronnie L. Aperocho …

The Philippines should prioritize resilient transport infrastructure planning and operation to improve road quality, reduce travel time, and lower emissions, an official with the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said. Weimin Ren, director of the ESCAP Transport Division, explained the Philippines needs to “take a very active role in the regional cooperation on …

The Federation of Philippine Industries (FPI) supports the investigation of the  Department of Trade and Industry (DTI)  to determine the impact of increased importation of cement in recent years to the local cement manufacturing sector. “FPI sees this action as a necessary response to the pressures and potential harm to the local industry posed by the surge of imported cement,” …

The Bases Conversion and Development Authority (BCDA)  and National Development Corporation. (NDC) have  formalized a strategic partnership  to finance and implement high-impact projects in New Clark City.  BCDA President and Chief Executive Officer Joshua M. Bingcang and NDC General Manager Antonilo DC Mauricio signed a memorandum of understanding (MOU) creating a collaborative framework for the urban development of New Clark …

The  extension for the construction period and other adjustments for the Cavite Industrial Area-Flood Risk Management Project and the Pasig-Marikina Rivel Channel Improvement Project-Phase IV have been approved by President Marcos. According to the National Economic Development Authority (NEDA) board, chaired by President Marcos  himself., the approval for the adjustment was made during a meeting in Malacanang last week. “I …

President Marcos  said  work on the Bicol River Basin Development Program (BRBDP) would begin in the first quarter of 2025. Marcos also distributed assistance for those affected by STS Kristine. “Hulyo nitong taon ay nakompleto na ng Department of Public Works and Highways ang updating, ang pagbabago ng masterplan at feasibility study ng Bicol River Basin upang gawin itong akma …

President  Ferdinand Marcos, Jr led the turnover of shelter kits to communities affected by severe tropical storm Kristine in Talisay and Laurel municipalities in Batangas. The kits were donated by the Metrobank Foundation (MBFI). The donation is part of MBFI’s P10-million pledge  following the government’s call for private sector support for relief and rehabilitation efforts, during the Oct. 28 presentation …

SM China, a subsidiary of SM Prime Holdings Inc., has made it to the GuanDian Index Research Institute’s “Performance Index: 2024 Commercial Real Estate Performance” list, with the company cited for its outstanding performance in operations, management, branding, and innovation. The annual performance index of GuanDian, a provider of industry information and data analysis in China,  recognizes remarkable performance in …