Construction

NLEX CORP., a unit of Metro Pacific Tollways Corp. (MPTC), has started construction of the P2.2-billion NLEX-C5 Northlink Section 1A.  “The project plays an integral role in our ongoing expansion, which aims to improve access between NLEX, Valenzuela City, and Quezon City,” MPTC President and Chief Executive Officer Jose Ma. K. Lim said during the project’s groundbreaking ceremony last week. …

San Miguel Corp. (SMC) said the expansion of the South Luzon Expressway (SLEX) is now 70 percent complete and will be finished by yearend. “The SLEX expansion will be a significant boost to the Cavite, Laguna, Batangas, Rizal, and Quezon (Calabarzon) region, which currently generates almost 20% of the country’s GDP (gross domestic product),” SMC President and Chief Executive Officer …

By Jinky Jorgio Some projects under the modernization program of the Armed Forces of the Philippines (AFP) will continue after the United States exempted the $336-million fund from its foreign aid freeze. AFP Public Affairs Office Chief Colonel Xerxes Trinidad made the announcement during a press briefing,  saying this is a welcome development. “On the development of its particular use, …

ABS-CBN Corporation said  that it has already signed a deal with Ayala Land Inc (ALI) for the sale of a portion of its property in Quezon City. A Memorandum of Agreement was signed by ABS-CBN Corporation and Ayala Land last  Feb. 27, 2025, for the sale covering 30,000 square meters out of the total 44,027.30 sqm of the property for …

To protect the local cement industry, the Department of Trade and Industry (DTI) has slapped a provisional safeguard of P400 per metric ton on two types of imported cement. In an order published last week,  the DTI said it decided to impose the cash bond following the safeguards investigation covering ordinary Portland cement and blended cement that entered the Philippines …

The Edsa bus carousel will soon be improved with the construction of bridgeways or concourses to ease access along the busway system’s 23 stations. Transportation Secretary Vince Dizon said that he observed that lines of passengers tend to build up at both the EDSA carousel and MRT-3 since most of the stations of the busway and the rail system are connected. …

SM Prime Holdings Incorporated is investing P100 billion this year, with around a fifth of its capital expenditures going to three new malls that are opening this year and the renovation of some existing mall spaces.   SM Prime also said it expects spending in the May elections to boost its growth this year after it attained a record profit of …

Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro Tengco recently pledged financial support for the construction and upgrade of key facilities at the Philippine Military Academy (PMA). During this year’s PMA Alumni Homecoming ceremony where he served as guest of honor, Tengco pledged funding for the construction of a new Candidate Control Liaison Office, a modern warfare laboratory, …

The National Kidney and Transplant Institute (NKTI) last week held a groundbreaking ceremony for its new outpatient services (OPS) building that will cater to more people in need of organ transplants and renal care services. NKTI executive director Dr. Rose Marie Liquete said that the state-of-the-art facility is expected to finish construction in 24 months or less. The OPS building …

President Ferdinand ”Bongbong” Marcos Jr. has signed an executive order reducing and condoning real property taxes (RPTs), including interests and/or penalties assessed on power generation facilities of independent power producers under build-operate-transfer contracts with government-owned or controlled corporations (GOCCs). Executive Order No. 83 states that all liabilities for RPTs for calendar year (CY) 2024, including any special levies accruing to …