The Department of Budget and Management (DBM) last week released P550 million for the National Kidney and Transplant Institute (NKTI). In a statement, the DBM said that Secretary Amenah Pangandaman has approved the issuance of Special Allotment Release Orders (SAROs) amounting to P550 million to cover the funding requirement for the Out-Patient Department (OPD) Building of NKTI. The department explained …
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Marcos wants drug rehab facilities built nationwide
President Ferdinand Marcos, Jr. is set to put up drug treatment and rehabilitation facilities for each province before he steps down from office. The Chief Executive also aims to establish community-based drug rehabilitation programs (CBDRPs) and Anti-Drug Abuse Councils (ADACs) in all provinces, cities, municipalities, and barangays. The Marcos administration announced the plan after revealing that roughly P10.41 billion worth …
Read More »Meralco eyes three sites for planned nuke power plant
Three potential sites are being eyed by the Manila Electric Co. (Meralco) for its planned proof-of-concept modular nuclear power plant in the country. Meralco Executive Vice President and COO Ronnie Aperoche said the three possible sites are in Talim Island in Rial, San Rafael in Bulacan, and Isla del Provisor located right across Malacañang Palace. The company, Aperoche stated, has …
Read More »P12-B earmarked for 4PH program
The Department of Human Settlement and Urban Development (DHSUD) announced recently that around P12 billion in total funding has been allocated for the government housing program dubbed: “Pambansang Pabahay Para sa Pilipino” (4PH). DHSUD Secretary Jose Rizalino Acuzar made the announcement as he expressed appreciation for the support of the Home Development Mutual Fund (HMDF) or Pag-IBIG Fund to the …
Read More »Visayas in dire need of power plants
The National Grid Corporation of the Philippines (NGCP) is calling for the construction of new power plants in the Visayas to address the increase in power demand in the region. NGCP Assistant Vice President Atty. Cynthia Alabanza said the additional power plants are important to boost the existing capacity, establish reserves, and meet the anticipated boom in investment and population. …
Read More »NLEX acquires P10-B loan facility to fund projects
NLEX Corporation signed a P10-billion term loan facility with the Bank of Philippine Island (BPI) to fund ongoing and future projects. The loan will also be used to refinance maturing debts, according to the operators of the North Luzon Expressway and the Subic-Clark-Tarlac Expressway. Rogelio Singson, president and CEO of NLEX parent company Metro Pacific Tollways Corp, said the loan …
Read More »Montreal to have new Holocaust Museum
A new Holocaust Museum is set to rise in Montreal, Canada. One of the survivors, Eva Kuper, said she wants people to understand the power of hate and “how each of us is capable of unbelievable evil”. Kuper supports the construction of a new Holocaust Museum to reach more people. The construction has begun on Saint-Laurent Boulevard just north of …
Read More »Mexico launches Inter-Oceanic Train
Mexico last week launched operations on a train line that crosses the country’s narrowest point from the gulf coast to the Pacific Ocean, kicking off a flagship government project as the administration enters its last months in office. The “Inter-Oceanic Train”, which will carry both passengers and cargo on a three-hour trip from the coastal hub of Coatzacoalcos in Veracruz …
Read More »NEDA approves four high-impact projects
The National Economic and Development Authority (NEDA) Board has recently given the green light to set in motion four high-impact plans and projects that will greatly benefit the Filipino people. Socioeconomic Planning Secretary Arsenio Balicasan, in a Palace briefing, said President Ferdinand Marcos, Jr. already approved the P67.4 billion Dalton Pass East Alignment Road Project of the Department of Public …
Read More »House passes new bill to replace old procurement law
The House of Representatives has passed a new bill to repeal the country’s old procurement law. A total of 251 lawmakers moved in favor of House Bill (HB) No. 9648 or the New Government Procurement Reform Act. HB No. 9648, a consolidation of five bills, including one from Speaker Ferdinand Martin Romualdez, seeks to repeal Republic Act No. 9184 or …
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