May, 2022

• 30 May

  The Next Wave of Sustainability Legacy: Manila Water unveils its ESG Goals

  

  Manila Water, an industry pioneer in sustainability practices, has released the first series of its medium-term sustainability goals that outlines its progress and plans on embedding Environment, Social and Governance (ESG) into their business strategies. The ESG goals highlight Manila Water’s belief that long-term viability is dependent on management of environmental impacts and commitment to improve social outcomes in the …

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• 30 May

  President-elect Bongbong Marcos plans to revive the nuclear power plant

  

  President-elect Ferdinand “Bongbong” Marcos, Jr. discussed last May 23 with South Korea Ambassador Kim Inchul the possible revival of the 620-megawatt Bataan Nuclear Power Plant which was one of the pet projects of his father, Ferdinand Sr.  The mothballed nuclear plant cost some US$2.3billion to build and was abandoned nearly 40 years ago. The Bataan plant never got operational amidst …

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• 30 May

  Holcim to build disaster-resilient homes

  

  Holcim Philippines, a leading building solutions provider, has partnered with Build Change Philippines, an organization focused on building disaster-resilient homes in developing nations, to strengthen local structures against natural calamities. Holcim Philippines Senior Vice President and Chief Sustainability Officer Zoe Sibala and Build Change Philippines Country Director Arnel Capili sealed the partnership last May 11 to work on disaster-resilient housing  …

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• 30 May

  BIR to continue audit of big property developers

  

  The Bureau of Internal Revenue (BIR) will continue to investigate big property developers after the agency received reports that they failed to remit the correct taxes to government. The BIR made the announcement following a directive from Finance Secretary Carlos Dominguez to continue its tax review of real estate developers. Dominguez gave the BIR the authority to conduct the tax …

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• 30 May

  Balisacan to “reinvigorate” PPPs under BBM

  

  Incoming Socioeconomic Planning Secretary and National Economic and Development Authority (NEDA) Chief Arsenio Balisacan said he plans to “reinvigorate” public-private partnership (PPP) projects under President-elect Bongbong Marcos’ administration. Balicasan said the President-elect believes the private sector plays a very strong role in economic development. Balisacan explained: “We should reinvigorate, reexamine and bring back PPPs. We’ll reach out to the private …

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• 30 May

  BOT Law amended, IRR OK’d

  

  To ensure that public-private partnerships (PPP) will not be disadvantageous to Filipinos, the National Economic Development Authority (NEDA) under Socioeconomic Planning Secretary Karl Chua approved the amended implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law. Chua said the approval of IRR will ensure that project proponents applying for the BOT scheme are qualified to implement properly designed PPP …

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• 30 May

  NCCA to decide on PLDT petition to declassify Cojuangco bldg as Important Cultural Property

  

  The National Commission for Culture and the Arts (NCCA) is expected to decide on the petition filed by the Philippine Long Distance Telephone (PLDT) Inc. to remove the Ramon Cojuangco Building from the status as an Important Cultural Property (ICP). In its petition, PLDT said that it plans to “redevelop and transform [the building] into a modern, ecologically sustainable, and …

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• 30 May

  Over 5k socialized homes for low wage earners financed by Pag-Ibig Fund

  

  For the first four months of 2022, the Pag-ibig Fund has financed 5,411 socialized homes for minimum-wage and low-income members. From January to April 2022, socialized home loans make up 18 percent of the 29,310 units financed by the agency amounting to P2.35 billion out of the record-high P31.97 billion home loans released by the agency. The Pag-ibig Fund’s Affordable …

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• 30 May

  UN housing agency builds a thousand homes in Marawi

  

  The United Nations Human Settlements Programme (UN-Habitat) has turned over a thousand houses to internally displaced families affected by the Marawi last week. UN-Habitat awarded the last 462 permanent houses as it marked the end of its four-year engagement in the war-torn city. The funding support of US$10-million came from the Japanese government where the houses were built on the …

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• 30 May

  Tarlac celebrates 149th founding anniversary

  

  Tarlac celebrated on May 28 its 149th foundation anniversary, known as Araw ng Lalawigan ng Tarlac, highlighted with activities promoting the culture, the native products and the different tourist spots of the province and the launch of the countdown for next year’s 150th celebration. The three-day celebration, which started on May 27, featured a trade, agricultural and job fair, a …

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