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Gov’t to fast-track infrastructure projects

Gov’t to fast-track infrastructure projects

Source: Philippine Star, 17 January 2012   MANILA (Xinhua) — The government of Philippine President Benigno Aquino III will fast-track, starting this month, infrastructure development throughout the country through massive release of public funds as well as through the public-private partnership (PPP) program with the participation of private investors both local and foreign. Early this... continue reading

Qatar eyes PH partners for $1B investment

Qatar eyes PH partners for $1B investment

Source: The Philippine Star, 17 January 2012 By Ma. Elisa P. Osorio MANILA, Philippines – Local businessmen, including representatives from San Miguel Power Corp. met with visiting investors from Qatar to forge partnerships in line with Qatar’s bid to invest $1 billion here. In an interview, Trade and Industry Undersecretary Cristino L. Panlilio said an... continue reading

Laguna gov’t to build Calamba-Bay road

Laguna gov’t to build Calamba-Bay road

Sources: Inquirer Southern Luzon, 16 January 2012 By Maricar Cinco SAN PEDRO, Laguna—The Laguna provincial government has decided to undertake on its own a 22-kilometer bypass road between Calamba and Bay town, even as it hoped to get the “blessing” of the national government ahead of a similar road construction project being proposed by the Department of Public Works and... continue reading

DoT-6 to facilitate opening of international flights at Iloilo airport

DoT-6 to facilitate opening of international flights at Iloilo airport

Source: Manila Bulletin, 14 January 2012 By Tara Yap ILOILO CITY, Iloilo, Philippines – The Department of Tourism (DoT) in Region 6 will facilitate the holding of a dialogue among pertinent parties to help open direct international flights at the Iloilo airport. “Let’s bring together officials, tourism stakeholders, business groups, and airline executives,” said, DoT... continue reading

Megawide readies for PPP project deals

Megawide readies for PPP project deals

Source: Business World, 15 January 2012   LISTED BUILDER Megawide Construction Corp. plans to join auctions for priority public infrastructure projects and has applied for appropriate accreditation, a senior executive said. The firm, a major contractor of the SM group, has applied for accreditation with the Construction Industry Authority of the Philippines (CIAP) to qualify... continue reading

Kuwait firm to invest add’l $500 M in Phl

Kuwait firm to invest add’l $500 M in Phl

Source: Philippine Star, 10 January 2012 By Aurea Calica MANILA, Philippines – Global logistics group Kuwait and Gulf Link Holding Co. (KGL) has committed to invest an additional $500 million in the Philippines, its top officials said yesterday. KGL Holdings chairman and managing director Saeed Dashti, vice chairman Marsha Lazareva, and investment director Mark Williams... continue reading

Aquino welcomes global logistics group’s plan to invest $500M

Aquino welcomes global logistics group’s plan to invest $500M

Source: InterAksyon, 9 January 2012   MANILA, Philippines – President Benigno S. Aquino III welcomed the plan of an international logistics group Kuwait and Gulf Link, to invest an additional $ 500 million in the Philippines. KGL Group of Companies Chairman and Managing Director Saeed Dashti, together with KGL Group Vice Chairman Marsha Lazareva and... continue reading

Balanga sets record P6-B investment

Balanga sets record P6-B investment

Source: Manila Bulletin, 9 January 2012 By Mar T. Supnad BALANGA CITY, Bataan, Philippines — This newly-booming city in Central Luzon hit a record-breaking investment of P5.95 billion in the year 2011, Mayor Joet S. Garcia reported in his State of the City Address (SOCA) recently. Garcia reported that the total amount of investment included the... continue reading

PPP revolving fund getting big boost

PPP revolving fund getting big boost

Source: Inquirer Business, 9 January 2012 By Riza T. Olchondra Anticipating a “more intense” rollout of public-private partnership (PPP) projects, the government is seeking more funds for prebidding works before the revolving facility for this purpose runs out. The PPP Center stands to get P160 million from the 2012 budget to replenish the revolving fund for PPP preinvestment studies.... continue reading

Economy seen to grow faster this year

Economy seen to grow faster this year

Source: Malaya, 9 January 2012   Trade Secretary Gregory Domingo is bullish that the economy can grow faster this year than the 7.6-percent growth posted in 2010. “All pistols will be fired. All the right ingredients,” said Domingo, adding this year is “definitely much stronger (than) 2011.” “There’s a very good chance we can grow... continue reading