Construction

Property consultancy firm Santos Knight Frank, formerly CBRE Philippines, sees a growing demand for co-working spaces in the country. 

Whether a project should be pursued through government funding, ODA, PPP, or hybrid is a matter of finding the solution that best meets the government’s objective given a set of constraints, and the risks presented by each option. 

Apartment and other real property rentals of P10,000 and below will remain VAT-free while those leasing out condos and other housing units whose gross sales of receipts fall under P3 million VAT threshold will also be exempt from this tax under the first package of the Comprehensive Tax Reform Program (CTRP), according to the Department of Finance (DOF). 

The Construction Manpower Development Foundation (CMDF) in partnership with the Ministry of Land Infrastructure, Transport and Tourism (MLIT) of the Government of Japan, and the Foundation for International Transfer of Skills in Construction (FITS, Japan) conducted a seminar ‘Measures to develop construction skills of Foreign Human Resources in Japan’ held recently at the Dusit Thani Manila. 

Department of Public Works and Highways (DPWH) in partnership with Japan International Cooperating Agency (JICA) inspected Thursday the Magapit Suspension Bridge in Lal-lo, Cagayan using drone cameras.

Despite the decision of the Department of Transportation (DOTr) to terminate the public-private partnership process for the Regional Airport Projects, the PPP Center remains ready and committed to support government agencies in their infrastructure and development projects. 

House Speaker Pantaleon D. Alvarez asked concerned House committees to require the National Economic Development Authority (NEDA) to submit the list of proposed projects of all government agencies to Congress prior to its approval since the annual national budget emanates from the House. 

The Duterte administration will exercise fiscal prudence and responsibility to ensure that its unmatched public investments in infrastructure would create a lot more jobs and business opportunities, which, in turn, would sustain the country’s growth momentum and accelerate poverty reduction. 

Motorists will soon have another option avoiding a congested Daang Maharlika in Bulacan, with the new 9.62-kilometer Pulilan-Baliuag Diversion Road that is now being paved by the Department of Public Works and Highways (DPWH). 

Senator Leila M. de Lima has expressed serious concerns over the $167-billion infrastructure project of the Duterte administration that would be financed through foreign loans, mostly coming from the Chinese government.