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BCDA sees Northrail completed by 2022

BCDA sees Northrail completed by 2022

THE Bases Conversion and Development Authority (BCDA) expects to have the Northrail project done before the end of the government’s term in 2022, an official said. Vivencio B. Dizon, president and CEO of state-owned BCDA, told reporters in a briefing that the government is seeking partners to finish the long delayed project which would connect... continue reading

Gov’t infra push not affected by Fed move

Gov’t infra push not affected by Fed move

ECONOMIC managers said the government’s spending program will remain unaffected by the Federal Reserve’s decision to raise interest rates, with the move described as highly anticipated and long planned for. The Fed raised interest rates yesterday to 0.75% from 0.50%. The December hike has been flagged since September, when the Federal Open Market Committee noted... continue reading

Mactan airport runway set for repair

Mactan airport runway set for repair

CEBU, Philippines – Newly-appointed Mactan-Cebu International Airport general manager Steve Dicdican said that the airport’s existing runway (landing and takeoff) will undergo repair one to two months from now. Dicdican, who officially assumed his post yesterday, said that within the duration of the repair, the airport will not be totally closed. “It would be detrimental... continue reading

Ayala looks to build new infra for Manila’s ‘pain points’

Ayala looks to build new infra for Manila’s ‘pain points’

Metro Manila (CNN Philippines) — Ayala Corp. is putting together several infrastructure projects for next year, aimed at soothing Metro Manila’s traffic “pain points.” “Mega-city congestion is going to be an issue for years to come. So, we did an honest-to goodness scan of what we call pain points in Metro Manila – areas that... continue reading

Government keeps economic assumptions for 2017

Government keeps economic assumptions for 2017

MANILA, Philippines – The government is keeping most of its macroeconomic assumptions for next year, Budget Secretary Benjamin Diokno said. “For 2017 assumptions, that will be it. My primary concern are the assumptions for the 2018 budget,” he said in a phone interview yesterday. “The growth targets will be kept,” he added. The inter-agency Development... continue reading

Capacity limits seen as solution to port congestion

Capacity limits seen as solution to port congestion

PORT and road decongestion will hinge on strategies like limiting the intake of ports in the capital and increasing the use of rail and information technology solutions, the Philippine Institute for Development Studies (PIDS) said. In a report, “Easing Port Congestion and Other Transport and Logistics Issues,” the government think tank recommended the dispersal of... continue reading

‘Chinese firms to play big role in PH infra’

‘Chinese firms to play big role in PH infra’

Philippine membership in China-led Asia Infrastructure Investment Bank (AIIB) will firmly establish the role of Chinese companies in the domestic infrastructure sector for the long term, BMI Research said in a report. Although the Chinese government has said AIIB’s activities will be non-political, the research unit of the US Fitch Group expects that many projects... continue reading

ADB upgrades 2016 growth forecast to 6.8%

ADB upgrades 2016 growth forecast to 6.8%

The Asian Development Bank on Tuesday upgraded its 2016 growth forecast for the Philippines to 6.8 percent from the previous estimate of 6.4 percent, following three quarters of strong growth. The Manila-based multilateral lender, in its Asian Development Outlook supplement report, also revised upward the 2017 growth outlook for the country to 6.4 percent from... continue reading

Invitation to Bid – Procurement of Janitorial and Allied Services

Invitation to Bid – Procurement of Janitorial and Allied Services

Invitation to Bid for the Procurement of Janitorial and Allied Services

Invitation to Bid – Provision of Primary and Secondary Internet Connection Service to the Public-Private Partnership Center

Invitation to Bid – Provision of Primary and Secondary Internet Connection Service to the Public-Private Partnership Center

Invitation to Bid – Provision of Primary and Secondary Internet Connection Service to the Public-Private Partnership Center