Construction

Interior Secretary Mel Senen S. Sarmiento recently reminded all local chief executives about their compliance with the Property Insurance Law. 

By Daryl Rose Virtudazo  The Japan International Cooperation Agency (Jica) has announced that 14 projects were selected from 89 proposals for this year’s Science and Technology Research Partnership for Sustainable Development (Satreps) program. 

The executive board of the International Monetary Fund (IMF) approved the financial body’s administrative and capital budgets for financial year (FY) 2017, beginning May 1, 2016, and took note of indicative budgets for FY2018–19. 

By Weng C. Ocfemia The Department of Transportation and Communications (DOTC) announced that the deadline for submission of prequalification documents for the Light Rail Transit (LRT) Line 6 project has been moved from May 12 to June 2. 

The Public–Private Partnership Center of the Philippines (PPP Center) is calling for expressions of interest (EOI) from eligible consultants to prequalify to the Panel of Project Preparation and Transaction Advisory Consultants, Probity Advisors and Independent Consultants of firms to be retained on a non-committal basis. 

With the onset of prolonged drought brought by the El Niño phenomenon, irrigation also becomes more important for cultivating crops, especially rice. 

The real estate exposures (REEs) of universal, commercial and thrift banks and trust departments reached P1.5trillion at the end of 2015. 

Frankfurt, Germany—The Asian Development Bank (ADB) met the bulk of its operational targets in 2015, with most projects completed within budget, while financing hit new record highs over the year, according to an ADB performance review released recently. 

The Commission on Higher Education (Ched) gave its seal of approval for the construction of the second University of Rizal System (URS) Antipolo Campus during the recent meeting of the URS Board of Regents at the Ched main office in Quezon City. 

National Treasurer Roberto B. Tan signed recently the $100.13-million loan agreement for the Panguil Bay Bridge Project, with Chief Representative Yongkeun Oh, who signed on behalf of the Export-Import Bank of Korea-Economic Development Cooperation Fund (Kexim-EDCF).