The national government is poised to surpass its infrastructure spending target for the year, fueled by the rapid implementation of various projects, the Department of Budget and Management (DBM) said. In a report, the DBM said overall infrastructure disbursements are projected to hit P1.54...
The Ninoy Aquino International Airport (NAIA) operator is preparing for a surge in travelers this holiday season, with passenger numbers expected to exceed those recorded during Undas and the same period in 2023 due to increased travel demand. In a statement on Saturday, Dec. 21, Ramon S. Ang, New...
President Marcos said that the newly signed agreements for five infrastructure projects in the country will have a transformative impact on the lives of Filipinos, especially those living in Cebu, Bohol, Dumaguete, and Siargao. MPC pool Marcos said this as he witnessed the signing of various...
The Asian Infrastructure Investment Bank (AIIB) led by China has extended to the Philippines two loans totaling $232.18 million (over P13.6 billion) to support the Marcos Jr. administration's ambitious "Build Better More" program. The Beijing-based AIIB disclosed on its website last week that its...
The Asian Development Bank (ADB) has approved a $30 million loan to support the government’s public-private partnership (PPP) projects, aiming to bolster infrastructure development, advance climate action, and enhance economic competitiveness. In a statement on Friday, Dec. 13, the Manila-based...
Prime Solar Solutions Corp. (Prime Solar), a subsidiary of Prime Infra, has activated its 128-megawatt photovoltaic (PV) plants in Tanauan, Batangas, and Maragondon, Cavite, a step towards full commercial operations. Guillaume Lucci, Prime Infra president and chief executive officer, said the move...
Manila Electric Co. (Meralco) and New NAIA Infra Corp. (NNIC) have partnered to modernize the Ninoy Aquino International Airport (NAIA) with sustainable and reliable energy solutions. In a statement on Monday, Dec. 9, Meralco said the partnership aims to address NAIA's persistent power issues and...
Travelers passing by the South Luzon Expressway (SLEX) will soon have a more seamless journey after the tollroad’s operator, SMC Infrastructure, announced the successful incorporation of Artificial Intelligence into its active toll gates. SMC Infrastructure, a subsidiary of conglomerate San...
The government's infrastructure spending surged 16.9 percent to P137.1 billion in September of this year, from P117.3 billion a year ago, according to the Department of Budget and Management (DBM). This increase was driven by robust investments in public works, transportation, and national defense...
New NAIA Infrastructure Corp. (NNIC), operator of the Ninoy Aquino International Airport (NAIA), is looking to ramp up the establishment of a new terminal to serve and accommodate a projected spike in the number of passengers to 50.2 million annually. At a news briefing over the weekend, NNIC...
Passenger experience at the Ninoy Aquino International Airport (NAIA) is expected to improve by 50 percent in the upcoming Christmas season amid improvements from New NAIA Infrastructure Corp.'s (NNIC) first 60 days since the takeover. In a briefing, Ramon S. Ang, NNIC president and chief...
Chelsea Logistics and Infrastructure Holdings Corp. narrowed its net loss by 71 percent in the first nine months of the year to P301 million from the P1.04 billion registered in the same period last year, largely due to its ongoing debt restructuring efforts. However, consolidated revenues rose by...
