Gov’t sets aside P1.12T for 2021 infra spending
The government has slightly jacked up the programmed spending for infrastructure to P785.5 billion this year as the World Bank noted that the quality of road, power and water infrastructure…
Infra spending down 12.2% at end-May as lockdown halted projects’ construction
MANILA, Philippines — The amount spent by the government to build infrastructure during the first five months declined 12.2 percent year-on-year to P235.2 billion as construction of public projects stopped…
Amid layoffs, Aboitiz vows to pursue infra, airport ambitions
Aboitiz Equity Ventures Inc. will continue infrastructure investments despite the new coronavirus disease (COVID-19) pandemic forcing a shift in its business strategy and prompting layoffs in one of the country’s…
Infra spending climbed in April as gov’t built quarantine facilities
MANILA, Philippines — The government’s response to the COVID-19 pandemic jacked-up infrastructure spending in April as additional health and quarantine facilities were built during the month to prepare for any…
Jica to lend $2.35B to PH in 2020 for infra, COVID-19 response
Finance Secretary Carlos Dominguez III. INQUIRER.net file photo / CATHY MIRANDA MANILA, Philippines — Even as economies worldwide—including Japan—struggled amid the COVID-19 crisis, its aid arm Japan International Cooperation Agency…
Infra, defense budgets cut for COVID-19
The Department of Budget and Management (DBM) last month made additional cuts in this year’s budgets for infrastructure and national defense as it reallocated more funds for the government’s new…
More cuts in infra, defense budgets go to COVID-19 response
MANILA, Philippines — The Department of Budget and Management (DBM) last month inflicted additional cuts in this year’s budgets for infrastructure and national defense as it reallocated more funds into…
Gov’t infra spending to rebound in 2021
While infrastructure spending took a back seat to big financing needs for COVID-19 response this year, the Department of Budget and Management (DBM) said big-ticket projects would be allocated a…
DBM: Public infra spending to rebound in 2021
While infrastructure spending took a backseat to big financing needs for COVID-19 response this year, the Department of Budget and Management (DBM) said big-ticket projects will be allocated a bigger…
Metro Pacific resumes work on big-ticket infra projects
The tollroad arm of Metro Pacific Investments Corp. has restarted work on big-ticket projects as the government has eased strict quarantine measures. In a statement on Friday, subsidiary Metro Pacific…