Construction

Investment in infrastructure will remain a priority of the Asian Development Bank (ADB) as the bank prepares a new long-term strategy to respond to rapid regional changes, said ADB presi­dent Takehiko Nakao at the 50th Annual Meeting of ADB’s Board of Governors held recently in Yokohama, Japan.

Transportation Secretary Arthur Tugade presented to an international audience the Philippines’ airport development plan that aims to accelerate poverty re­duction and transform the country to be among the larg­est economies in the world by 2022.

The Quezon City government continues to increase the delivery of basic health care programs and services to city residents by building more health infrastructure facilities.

Ayala Land Inc. (ALI) registered robust financial results, with the company earning a net income of P5.56 billion in the first quarter of the year, 18 percent higher than the P4.71 billion it posted in the first three months of 2016. Its sustained income growth is expected to contribute to the achievement of the company’s P40 billion net income target …

The Australian government will provide the Philippines with about AUD 85 million or P3.12 billion in official development as­sistance (ODA) for 2017-2018.

The first package of the comprehensive tax-reform program (CTRP) now pending in Congress will serve as the “cornerstone” of the funding for the government’s ambitious infrastructure program of the government which will require P6 trillion over the medium term. 

Cofinancing operations of the Asian Development Bank (ADB) hit a new record in 2016, exceeding the $14 billion mark and reflecting the importance of partnerships in addressing Asia and the Pacific’s continuously growing development needs, says a new ADB report. 

The Philippine Board of Investments (BOI) recently approved the P62.4-million Casa Coco Hotel projects of Altipeak Land Development Inc. and the P29.1 million Eco Container Hotel of Ecohotels Inc. These projects qualified as tourist accommodation facilities under the current Investments Priorities Plan (IPP). 

The Board of Investments (BOI) has approved the P48.5 Billion Cavite-Laguna Expressway (CALAX) project of MPCALA Holdings, Inc. (MHI), qualifying as an Infrastructure of Public-Private Partnership (PPP) Project under the Preferred Activities of the current Investment Priorities Plan (IPP). 

The Department of Trade and Industry-Construction Industry Authority of the Philippines (DTI-Ciap) held its 2nd dialogue with the key players in the industry to keep up with the latest in the Philippine construction scene.