Construction

The Department of the Interior and Local Government (DILG) recently released a coffee table book entitled “Samu’t Saring Kwentong Kalye Vol. 1,” containing inspiring stories on how good local roads and bridges provide better access and improve the lives of the people in rural Luzon. 

The Department of Transportation (DOTr)is bidding out the five regional airports after the National Economic and Development Authority (NEDA) Board the unbundling of these airport Public-Private Program deals. 

Raising sufficient rev­enues for tax reform to fund ambitious in­frastructure buildup of the administration rather than relying primarily on bor­rowings, is necessary to keep the budget deficit within the manageable level of 3 per­cent of GDP beginning 2017, said Finance Secretary Carlos Dominguez III.

The Philippine Board of Investments (BOI) has signed a Memorandum of Agreement with the Housing and Land Use Regulatory Board (HLURB) seeking to fast track the processing of applications of various housing permits, licenses and clearances such as Locational Clearance (LC), Development Permit (DP), Certificate of Registration, and License to Sell of subdivision and condominium projects.

The Duterte admin­istration’s ambitious program to ramp up investments in in­frastructure is meant not only to improve connectivity and boost economic productivity in the countryside, but also to develop the country’s emer­gency response system and better protect its communities most vulnerable to natural di­sasters.

Pag-IBIG Fund housing loan applicants can now get their loan approval in just 17 days from date of submission of complete requirements and the proceeds of the loan in just 3 days after post-approval compliance.

The House Committee on Housing and Urban Devel­opment is set to pass during the resumption of session next week the various mea­sures which provide further protection for buyers of sub­division and condominium units.

The Japan International Co­operation Agency (JICA) has signed a loan agreement with the Land Bank of the Philippines (LBP) for an ODA loan of up to ¥4.928 billion for Harnessing Agribusi­ness Opportunities through Robust and Vibrant Entre­preneurship Supportive of Peaceful Transformation (Harvest).

To improve the effectiveness and efficiency of the collection and disbursement of the Motor Vehicle Users Charge (MVUC) fund, a study by state think tank Philippine Institute for Development Studies (PIDS) is calling for greater transparency and accountability among government agencies involved in the program. 

By Weng C. Ocfemia Asia CEO Forum, the largest regular business event in Philippines and considered one of the most important in the Asia Pacific region will hold the Asia Infrastructure Summit 2017 on January 19, 2017 at the Manila Marriot Hotel.