Construction

The Australia-New Zealand Chamber of Commerce (ANZCHAM) and the Joint Foreign Chambers have urged the Duterte administration to complete major infrastructure projects that would help solve traffic congestion. With more than 24 million people, Metro Manila is the fourth-largest urban area in the world, and its physical structures can barely cope. The business groups called for the completion of major …

Vice President Robredo recently emphasized the importance of secondary cities as vital contributors to national wealth and productivity. 

The Home Development Mutual Fund, also known as Pag-IBIG Fund, collected P9.1 billion from housing loan amortizations during the first quarter of 2016, an increase of 5-percent or about P400 Million from the amount collected in same period in 2015, it was learned recently. 

Speaker Feliciano Belmonte Jr. is pushing anew for the passage of his proposal to institutionalize and strengthen public-private partnerships to encourage more private sector participation in the government’s public infrastructure and development projects. 

The Japan International Cooperation Agency (Jica) congratulated the Philippines under the new leadership of President Duterte and Vice President Robredo, as it looks forward to further strengthening its development cooperation in the country. 

The Department of Public Works and Highways (DPWH) is now implementing the P356-million Flood-risk management project for Cagayan River, Tagoloan River, and Imus River (FRIMP-CTI) in Regions 2, 10, and 4A, respectively. 

The single most crucial component in rejuvenating decaying urban areas around the world is private sector participation, according to a report released from the World Bank and the Public Private Infrastructure Advisory Facility (PPIAF) during the World Cities Summit taking place in Singapore this week. 

Hedcor’s run-of-river hydropower project in Manolo Fortich town, Bukidnon is well underway and now halfway to completion. 

Budget Secretary Benjamin E. Diokno said the government is planning to review the proposed 2017 national budget as he emphasized that there would be no reenacted budget in the Duterte administration. Diokno said the annual budget of the administration would prioritize higher public expenditures on vital infrastructure, equivalent to 5 percent-to-7 percent of gross domestic product (GDP). “The Duterte administration …

Sen. Cynthia Villar appealed to companies that have expressed interest in reclaiming Manila Bay to reconsider, given the adverse effects that reclamation would bring to the communities and the livelihood of more than 300,000 fishermen in the area.