Construction

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). 

Ayala Land Inc. (ALI) has listed series one of its P50-billion debt securities program in the Philippine Dealing Exchange (PDEx)-organized secondary monetary market, the company reported recently. 

People visiting Tondol Beach in Anda, Pangasinan, will be surprised not only by the fine white-sand beach, but also by the paved road leading to the tourism destination, after Public Works and Highways (DPWH)–Pangasinan 1st District Engineer Smile D. Fermin reported the completion of the P43-million concrete paving of the Poblacion-San Jose-Namagbagan-Imbo-Tondol Road.

Before leaving office in June, President Aquino can still generate more than P1 billion in private funds for improvement of water services to 20 million Filipinos with just a stroke of a pen, according to Sen. Ralph Recto. 

The national budget will fund P586 million of the total P4.9 billion cost for the construction of the pioneering Panguil Bay Bridge project in Northern Mindanao, the Department of Budget and Management (DBM) said during the ceremonial signing Friday of the loan agreement between the government and the Export-Import Bank of Korea-Economic Development Cooperation Fund (Kexim-EDCF). 

The Department of Budget and Management (DBM) announced that P16.7 billion will be allocated in the 2017 national budget to implement Bottom-up Budgeting (BuB) and the Konkreto at Ayos na Lansangan ang Daan Tungo sa Pangkalahatang Kaunlaran (Kalsada) program for cities nationwide.