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NEDA says investment body could meet in Jan.

NEDA says investment body could meet in Jan.

AFTER the cancellation of an Investment Coordination Committee (ICC) Cabinet Committee meeting set for Dec. 1, the next one could be set for the second week of January with eight projects awaiting approval, according to the National Economic and Development Authority (NEDA). “Maybe second week of January,” Socioeconomic Planning Secretary Ernesto M. Pernia told BusinessWorld... continue reading

BOI readies new 2-year IPP

BOI readies new 2-year IPP

MANILA, Philippines – The Board of Investments will finalize next week a new investment priorities plan (IPP) which will include the construction of drug rehabilitation facilities, environment and climate change-related projects, and public-private partnership projects to be undertaken by local government units. Trade Secretary and BOI chair Ramon Lopez said the 2017-2019 IPP would be... continue reading

ADB urged to raise infra loan safeguards

ADB urged to raise infra loan safeguards

MANILA, Philippines – The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) is urging the multilateral development institution to raise the standards for environmental and social safeguard systems required of member countries borrowing funds for infrastructure projects. In a new report, the IED said narrowing the wide infrastructure gaps in Asia is vital... continue reading

‘Financing 2018 budget difficult sans tax reforms’

‘Financing 2018 budget difficult sans tax reforms’

Unless Congress acts soon enough, the government will find it difficult to finance the multitrillion-peso 2018 national budget, according to the National Economic and Development Authority (Neda). Socioeconomic Planning Secretary Ernesto M. Pernia recently told reporters the proposed tax-reform measures must include compensatory measures, making it feasible to finance the national budget. The tax-reform measures ... continue reading

LOOK: LRT-1 restores 32 escalators, elevators

LOOK: LRT-1 restores 32 escalators, elevators

MANILA – Thirty-two elevators and escalators in Light Rail Transit (LRT-1) stations have been restored in the middle of the holiday commuting rush, its operator said Wednesday. The conveyances are located in the crowded Doroteo Jose, EDSA, Roosevelt, Balintawak, and Monumento stations, Light Rail Manila said. The restored facilities also include braille buttons for the... continue reading

PH, China to screen companies for infra projects: envoy

PH, China to screen companies for infra projects: envoy

MANILA – The Philippines and China will set up a screening systems for companies who will work on infrastructure projects in the Philippines, the Philippine ambassador to China said. Speaking on ANC’s “Beyond Politics,” Ambassador Chito Sta. Romana said the two governments are working on the details of an accreditation system to prevent anomalous Filipino... continue reading

DPWH, DOTr open NAIA-Expressway Christmas lane

DPWH, DOTr open NAIA-Expressway Christmas lane

The Department of Public Works and Highways and the Department of Transportation on Tuesday opened another part of the Ninoy Aquino International Airport Expressway (NAIAx) linking the three terminals of the airport. Transportation Secretary Arthur Tugade and Public Works Secretary Mark Villar opened and inspected the “Christmas lane.” The newly opened lane gives motorists from... continue reading

NAIA Expressway Lane 1 open starting Dec 21

NAIA Expressway Lane 1 open starting Dec 21

Toll fees for the first two years of operation are P45 (Class 1), P90 (Class 2), and P134 (Class 3), with adjustments allowed every two years MANILA, Philippines – Starting Wednesday, December 21, motorists will be able to pass through one of the 4 lanes of the 12.65-kilometer expressway connecting the terminals of the Ninoy... continue reading

NAIA Expressway ‘Christmas lane’ to open Wednesday

NAIA Expressway ‘Christmas lane’ to open Wednesday

MANILA – A new portion of the Ninoy Aquino International Airport (NAIA) Expressway will open to the public on Wednesday in anticipation of the holiday rush, government said. A partial segment of the NAIA Expressway “Christmas Lane,” allowing access from Diosdado Macapagal Boulevard to NAIA-Terminal 3 and Skyway, will open at 6 a.m., Wednesday, to... continue reading

LRMC’S P24-B loan facility wins 2016 Best Project Finance Deal in SE Asia

LRMC’S P24-B loan facility wins 2016 Best Project Finance Deal in SE Asia

MANILA – Light Rail Transit 1 (LRT-1) operator Light Rail Manila Corporation’s (LRMC) P24-billion loan facility was recently awarded Best Project Finance Deal of 2016 in the 10th Annual Alpha Southeast Asia Best Deal and Solution Awards. The 15-year loan facility, which was arranged by SB Capital Investment Corporation, First Metro Investment Corporation, and RCBC... continue reading