President Marcos has issued Executive Order (EO) No. 72 which adopts an integrated and harmonized process for formulation, approval, budgeting, implementation, and monitoring of master plans for the infrastructure sector. (MB file photo) In his EO, signed by Executive Secretary Lucas Bersamin on...
Budget Secretary Amenah F. Pangandaman has assured that public projects jointly funded with bilateral and multilateral development partners will be implemented as scheduled next year, as most of them formed part of the regular 2025 budget proposal. "So far, when I saw the GAB [general...
By DERCO ROSAL Infrastructure spending declined in August, mainly due to the weak disbursements made by the Department of Public Works and Highways (DPWH), Department of Budget and Management (DBM) data revealed. In a DBM report, the Marcos administration’s spending on infrastructure and...
Ramon Ang-led New NAIA Infrastructure Corporation (NNIC) braces itself for the expected influx of passengers at the Ninoy Aquino International Airport (NAIA) for the All Souls’ Day break. In a statement on Monday, Oct. 28, NNIC said it joined forces with industry stakeholders such as the Manila...
Senator Grace Poe said on Thursday, Oct. 24, that the malfunction of the baggage handling system which plagued hundreds of passengers at the Ninoy Aquino International Airport (NAIA) Terminal 3 must be resolved in the airport's ongoing rehabilitation. "The technical issue must be resolved with the...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion). In a statement, MPIC said it has entered into a definitive agreement to sell its stake...
Passengers at Ninoy Aquino International Airport (NAIA) are set to experience a faster Internet connection as its new operator upgraded wifi connectivity as part of its efforts to enhance services. In a statement, New NAIA Infrastructure Corporation (NNIC) said it partnered with telecommunications...
Despite a slight reduction in the government's infrastructure budget for 2025, the Marcos administration is banking on increased investments in Public-Private Partnership (PPP) projects to bridge the gap. In a statement, Budget Secretary Amenah F. Pangandaman confirmed that the proposed 2025 budget...
The Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and Export Import Bank of Korea (KEXIM) vowed to support the Laguna Lakeshore Road Network (LLRN) project. The ADB has committed $1.2 billion as the initial tranche of funding, while the AIIB is contributing $188...
With about three-fourths of loan proceeds reaching billions of pesos still unspent just months before they expire, the Philippines wants to extend for two more years the financing for a delayed major flood control project in Metro Manila, the country's business and commercial hub that's also the...
By ANGELICA BALLESTEROS Following higher fees for airlines and car owners at the Ninoy Aquino International Airport (NAIA), overstaying cars at curbsides will also expect to pay charges as early as this year. This was confirmed by New NAIA Infrastructure Corporation (NNIC) General Manager Lito...
Both the airlines and its passengers may bear the brunt of higher fees for the use of properties and facilities of the Ninoy Aquino International Airport (NAIA), Transportation Secretary Jaime Bautista said on Wednesday, Oct. 2. On the sidelines of the 2024 Aviation Forum, Bautista said that should...
