Despite economic pinch, PH set to finish 36 port projects
The Department of Transportation (DOTr) is on track to complete 36 port projects this year amid a health crisis that has triggered a contraction in the broader economy. Through the…
IMF projects ‘deeper recession’ for world economy
The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. Agencies via China Daily/Asia News Network WASHINGTON — The International…
Vivant, Malaysian firm partner for solar rooftop projects
Vivant Energy Corp. has tapped Malaysia-based Solarvest Holdings for two contracts covering the installation of a total of about 1.2 megawatts of solar rooftop systems at the University of San…
Work on some Build, Build, Build projects resumes under GCQ
As lockdowns in Luzon and other places with high numbers of COVID-19 cases gradually ease, the government has resumed work on a number of big-ticket infrastructure projects, according to Finance…
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…
Filinvest sets P2.5-B investment in 2 Clark projects
The Filinvest group plans to invest about P2.5 billion in its two large township projects in the Clark Corridor this year, notwithstanding the coronavirus pandemic that has muted overall appetite…
Restrictions on public, private construction projects listed
MANILA, Philippines — While more public works and private construction projects are now allowed under the modified enhanced community quarantine (MECQ) imposed over Metro Manila, Laguna and Cebu City from…
DBM releases P3.57 billion for Marawi rehab projects in April
The Department of Budget and Management (DBM) in April released a total of P3.57 billion for projects, including mass housing, that formed part of the rehabilitation and reconstruction of war-torn…
NEDA dangling tax-free perks for 6 development projects
MANILA, Philippines – The state planning agency National Economic and Development Authority (Neda) is dangling tax incentives to private individuals and firms that will donate money to six programs under…
Ayala Land slashes 2020 capex budget, puts on hold new projects
Property giant Ayala Land Inc. (ALI) has scaled down its capital spending budget this year to P70 billion from P110 billion and put on hold new projects, investments and land…