The Maharlika fund would be invested in agriculture, infrastructure, and energy development, President Ferdinand “Bongbong” Marcos Jr. said on Tuesday, July 18, after signing into law the bill creating the Maharlika Investment Fund (MIF) and allaying fears of fund mismanagement. President...
The Department of Public Works and Highways (DPWH) announced on Friday, June 16, that it has finished a total of 1.3 kilometers of tunnel civil works for the mountain tunnel component of the Davao City Bypass Construction Project. *(Courtesy of DPWH) * This means that the DPWH successfully...
Despite receiving an initial funding, a causeway project of the Department of Public Works and Highways (DPWH) in Tacloban City hasn’t started yet due to protests from a concerned group citing possible environmental concerns, an official of the agency confirmed. *Tacloban City Causeway Project...
Malacañang bared that the Asian Development Bank (ADB) will grant the Philippines up to $4 billion to support the country’s socio-economic agenda and other infrastructure development programs for 2023 alone. President Ferdinand 'Bongbong' Marcos Jr. and Asian Development Bank President Masatsugu...
CEBU CITY – Various infrastructure projects in the second district of Bohol province are set to begin. BOHOL Rep. Vanessa Aumentado (fourth from left) leads the groundbreaking ceremony for a road-concreting project in Inabanga town, Bohol. (Contributed photo) Rep. Vanessa Aumentado recently led...
BATANGAS – The provincial government of Batangas has granted San Miguel Corporation (SMC) a 35-year concession to design, build, operate, and maintain a four-lane, 61-kilometer toll road that would hopefully spur economic growth here. The SMC is undertaking the P44.77-billion Nasugbu-Bauan...
Reducing infrastructure spending to temper the government's growing debt stock will be counterproductive in the long-run as far as economic recovery is concerned, the Department of Finance (DOF) warned. While there is a need to gradually narrow the government’s budget deficit, Finance Chief...
President Duterte turned the spotlight on China and the workers for making the Estrella-Pantaleon Bridge a reality, saying the national government really had nothing to do but supervise the project. President Duterte leads the inauguration of the China-funded Estrella-Pantaleon Bridge in Makati on...
